Mike Morgan has a $83,098.59 loan. He paid $1,000 in fees and $4,900 in total interest the first year. If the APR is the finance charge (interest plus fees) for one year : amount financed, what was the APR for that year?

Which of the following is an example of a tort? A person is supposed to provide services but fails to. A person steals money from his or her employer. A restaurant violates a city health ordinance. A business refuses to serve some unruly customers

Your local movie theater earns a total revenue of $40,000 per month when the price of a movie ticket is $8, and it earns a total revenue of $35,000 when the price of a movie ticket is $10. Demand is elastic, inelastic, or unitary elastic?

If you miss two payments on a credit card what is generally the penalty

One of the primary weaknesses of many financial planning models is that they

Select the correct answer. Which adjustment does a government make to the Gross Domestic Product (GDP) to arrive at the Gross National Income (GNI) ? A.

CopperCore Inc., a U. S. business, took a 31 percent equity interest in Javier Holdings, a family business based in Spain. According to the U. S. Department of Commerce, this would be an example of

What is likely to happen to the economy when there's too much money or credit circulating? A. Prices will go down B. Prices will go up. C. The unemployment rate will rise. D. Businesses will start making fewer loans.

FixIt, Inc. operates 20 injection molding machines in the production of tool boxes of four different sizes, named the Apprentice, the Handyman, the Journeyman, and the Professional.

Stein Co. issued 17-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds currently sell for 115 percent of par value, what is the YTM

The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the: A. Cost Principle. B. Going-concern assumption.