Friendly’s quick loans, inc., offers you "eight for ten or i knock on your door." this means you get $8 today and repay $10 when you get your paycheck in one week (or else). if you were brave enough to ask, what apr would friendly’s say you were paying? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) apr % what’s the effective annual return friendly’s earns on this lending business? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) ear

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

Post test question number 9 for entering the job market