Penny paid off a loan with a simple interest rate of 11.2% in 6 months. What was the APR?

11.2%

5.6%

9.6%

22.4%

19.2%

Which of the following is an example of a positive, as opposed to normative, statement? a. The federal government should decrease coverage of unemployment benefits to stimulate the economy out of the recession. b.

A firm has determined its cost of each source of capital and its optimal capital structure which is comprised of the following sources;

On January 1, 2015, Fullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face amount of $629,406 (imputed rate of 12%).

Jacob and Molly decide to start a new cake-decorating business. They each contribute $10,000 to get the business off the ground. what kind of sources this money is considered?

Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2021: Operating income $ 268,000 Income on discontinued operations 67,000 All income statement items are subject to a 25% income tax rate.

Which of the following is not a characteristic of intangible assets? (a) They lack physical existence. (b) They are not financial instruments. (c) They are long-term in nature. (d) They are all subject to amortization.

Run-of-the-Mills provides your marketing firm with the following dа ta: When the price of penguin patties decreases by 20%, the quantity of raskels sold decreases by 22% and the quantity of kipples sold increases by 7%.

Colter Steel has $5,400,000 in assets. Temporary current assets $ 2,800,000 Permanent current assets 1,590,000 Fixed assets 1,010,000 Total assets $ 5,400,000 Short-term rates are 12 percent. Long-term rates are 17 percent.

assume that your publicly traded company attempts to be completely transparent about its financial condition, and provides thorough information about its debt, sales, and earnings every quarters.

A company has budgeted fixed overhead of $1.00 per hour at expected capacity of 5,000 units which has a standard quantity of 2 hours per unit. The company actually produces 5,200 units and incurred total overhead costs of $12,000.