To purchase new furniture, the owner of a restaurant borrowed $5,000 for 2 years and paid $350,000 simple interest on the loan. what rate of interest did she pay?

2.0 percent

10.0 percent

5.0 percent

3.5 percent

The use of the money supply to influence the economy is: a. initiated through actions of Congress. b. called countercyclical policy. c. part of automatic stabilization. d. called fiscal policy. e. called monetary policy.

An employee earns $6,300 per month working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%.

Jamison Industries disposed of two pieces of equipment in 2017. When they disposed of the first piece of equipment, they did not subtract a partial year of depreciation from the book value.

Jack determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target market was the number of times the target was exposed to his message throughout the six weeks of the campaign, representing its

He should sell at a cheaper price on the website to attract more customers true or false?

On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $31.8 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights.

Which sources of information would be the most inclusive for an entrepreneur determining information to complete financial statements?

When a celebrity receives extra compensation for winning an award, this compensation is referred to as a

Inlcuded in Perry's capital balance is a $20,000 partnership loan owed to Perry. Perry, Quincy, and Renquist shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $15,000. All partners were solvent.

Consider a perfectly competitive market in which all firms have the same costs. Choose the statement that is incorrect. A. The market supply curve is upward sloping at prices above the firm's shutdown price. B.