This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You use $50,000 of your own money to start a catering business. During the first year you earn a 5% ... (Read 136 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Apr 19, 2019

Question 1

You agree to lend ________ to a friend for a year at an annual interest rate of 10%. At the end of the year your friend pays you $500 in interest.


◦ $50
◦ $550
◦ $5,000
◦ $5,500

Question 2

You use $50,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate is 8%, you earn an economic profit of


◦ -$4,000.
◦ -$2,500.
◦ -$1,500.
◦ $4,000.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by altibaby on Apr 19, 2019

Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


altibaby

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Apr 19, 2019
Thank you!


Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
4 QUESTIONS PEASE I NEED IT TODAY AND I DONT HAVE MORE CREDITS TO START A NEW TOPIC 4 QUESTIONS PEASE I NEED IT TODAY AND I DONT HAVE MORE CREDITS TO START A NEW TOPIC
Business Math Business Math
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Math for Business and Finance: an Algebraic Approach, 3rd Edition Jeffrey Slater Math for Business and Finance: an Algebraic Approach, 3rd Edition Jeffrey Slater
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library