The real (effective) exchange rate for CAD$ to US$ is 1.596
Real (effective) exchange rate (REER) shows the weighted average of a country's currency in relation to an index of other major currencies. REER measures the value of a currency against a weighted average of several foreign currencies divided by a price deflator such as CPI.
Nominal (effective) exchange rate (NEER) is an unadjusted weighted average rate at which one country's currency exchanges for a basket of multiple foreign currencies. NEER show the amount a domestic currencty needed to purchases another foreign currency.
To find the REER based on the known NEER, we have to multiply the NEER with the comparison of the product price in a country with the same product price in another major country. In this case, we will compare the product price in Canada with the price of the same product in the US.
REER = NEER x (price product in Canada)
price product in the US
REER = 1.33 x ($18/$15)
REER = 1.596
Given the REER calculation result, we know that this case does not fulfill the law of one price which states that identical products must cost the same amount in 2 different countries wheen the REER equals to 1.
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direction match the word one column a with its meaning in column b writer answer on your activity notebook
A.
1.Sanitation.
2.health
3.prevent
4.Alternative
5.veterinarian
6.quarantine
7.market demand
8.livelihood
9.benefit
10.hazard
B.
a.to keep from happening
b.the doctor specializing in the care and health of animals
c.cleanliness
d.based on the need of buyers and consumers
e.a means of support; occupation
f.danger;risk
g. advantage;useful
h.free from disease;sound body condition
I.isolate
j.to take the place of;substitute
Answer:
1-c,2-h,3-a,4-j,5-b,6-i,7-d,8-c,9-g,10-f
Explanation:
should be right.
if the price of movies increases, fewer consumers go to see movies. four different graphs all in the first quadrant labeled panel a. panel b. panel c. and panel d. panel a has a negatively sloped line. pabel b has a perfectly vertical line. panel c has a positively sloped line and panel d has a perfectly horizontal line. which panel's graph best describes this situation?
The panel that best describes the situation where "if the price of movies increases, fewer consumers go to see movies" would be Panel A.
Panel A has a negatively sloped line, which represents a negative relationship between the price of movies and the number of consumers who go to see them. As the price increases (moving along the x-axis), the number of consumers decreases (moving along the y-axis), which is consistent with the given scenario. This is the most suitable graph among the options.
Panel B has a perfectly vertical line, which would indicate that the number of consumers does not change with changes in the price of movies. Panel C has a positively sloped line, which would imply that as the price of movies increases, more consumers go to see them, contradicting the given scenario. Lastly, Panel D has a perfectly horizontal line, which would indicate that the number of consumers remains constant regardless of the price.
Hence, the correct answer to describe scenario is Panel A.
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NewTel is a telephone company with a policy of filling positions internally through promotions, rather than hiring from outside. Until recently, the company had a strong engineering focus and tended to promote people to senior executive positions from the engineering areas. Consequently, almost all of the company's 14 senior executives joined the company over 20 years ago as junior engineers. There is increasing pressure on NewTel to become more market and service oriented. As a result, four people were hired last year from firms to fill new senior executive positions in marketing and service departments. The external hires were necessary because current employees were not sufficiently qualified. Now, there are signs of tension among senior executives, particularly during budget deliberations where there is limited discretionary spending on new corporate activities. The four new hires have been thwarted in their attempts to have the company invest more in marketing and customer services instead of investing in technological research, and they blame the senior executives for being hard-headed. The conflict episodes are being viewed by both sides as personal attacks rather than attempts to resolve the problem. The marketing executives and the other executives operate independently. However, they share the resources and money in the organization. This kind of interdependence is referred to as
Answer:
The appropriate approach is "Pooled interdependence".
Explanation:
Just because marketing as well as many other managers are autonomous, yet depending exclusively together on such a similar amount of assets, resources as well as revenue, is considered as a pooled interdependence.Along with circumstances when functional areas conduct different duties yet depending on a similar number of resources, quite an interconnectedness takes place.So that the above is the right answer.
You perform an event study to investigate the influence of merger announcement on the share prices of ABC (the acquirer) and DEF (the target) and collected the following information. The market model-adjusted abnormal returns for ABC and DEF are respectively closest to: −4.2% and −6.8% −9.4% and 17.2% −4.1% and 22.5% −5.2% and 24.0% −7.4% and 19.2%
The market model-adjusted abnormal returns for ABC and DEF are closest to -4.2% and 17.2%, respectively. This indicates that ABC's share prices decreased by 4.2% more than expected, while DEF's share prices increased by 17.2% more than expected after the merger announcement.
In an event study analyzing the influence of a merger announcement on the share prices of ABC (the acquirer) and DEF (the target), the market model-adjusted abnormal returns are used to assess the impact. The market model takes into account factors such as market-wide movements and the individual stock's sensitivity to these movements. It calculates the expected returns based on these factors, and the difference between the actual returns and expected returns represents the abnormal returns.
The given information states that the market model-adjusted abnormal returns for ABC are -4.2% and for DEF are 17.2%.This means that ABC's share prices experienced a decrease of 4.2% beyond what was expected, while DEF's share prices increased by 17.2% beyond expectations.
These abnormal returns indicate the extent of market reaction to the merger announcement for both companies. A negative abnormal return for ABC suggests that the market perceived the merger as potentially unfavorable for the acquirer, resulting in a decrease in share prices. Conversely, a positive abnormal return for DEF implies that the market perceived the merger as potentially beneficial for the target, leading to an increase in share prices.
Overall, these findings provide insights into how the market perceives the merger announcement and the potential impact on the respective companies' share prices.
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Iris Corporation owns 30% of Fresia Corporation's stock. On November 15, Fresia Corporation, with current E & P of $320,000, distributes land (fair market value of $100,000; basis of $160,000) to Iris. The land is subject to a liability of $80,000, which Iris assumes.
Dividends Received Deduction Table
Percentage of Ownership by Corporate Shareholder Deduction Percentage
Less than 20% 50%
20% or more (but less than 80%) 65%
80% or more 100%
a. How is Iris Corporation taxed on the distribution?
Iris Corporation has dividend income of $_______ and a dividends received deduction of $________. Iris Corporation has a basis of $ in the land.
b. What is Fresia Corporation’s E & P after the distribution?
$________.
Fresia Corporation's E & P after the distribution is $200,000. Since Iris Corporation owns 30% of Fresia Corporation's stock, it falls under the category of "20% or more (but less than 80%)" ownership.
According to the Dividends Received Deduction table, the deduction percentage for this category is 65%. Therefore, Iris Corporation's dividend income is calculated as 30% of the distribution amount, which is $30,000. The dividends received deduction is 65% of the dividend income, which is $19,500. The basis in the land is given as $160,000. To determine Fresia Corporation's E & P after the distribution, we need to subtract the distribution amount from its current E & P. The distribution includes the land with a fair market value of $100,000 and the assumed liability of $80,000. Therefore, the total distribution amount is $180,000. Subtracting this from the current E & P of $320,000 gives us $140,000 as Fresia Corporation's E & P after the distribution.
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Which career worker installs, maintains and repairs equipment used for communication?
Answer:
Telecommunications engineer.
Explanation:
Telecommunications can be defined as the scientific and technological process which involves the exchange of data (informations) from one user (sender) to another (receiver) at a distance, through a wired or wireless network connection. The transmission or exchange of these data (informations) are made possible through the use of electronic devices or equipments such as switches, routers, computers etc, which typically transmits electromagnetic waves, electric impulses, and packets.
Hence, these equipments or electronic devices require installation, configuration, repair and or maintenance, which are typically being done by a telecommunications engineer.
Therefore, the career worker who installs, maintains and repairs equipment used for communication is a Telecommunications engineer.
Transactions owner’s investment in cash sar. 50,000.
The owner's investment in cash is SAR 50,000. This indicates that the owner has contributed a sum of 50,000 Saudi Arabian Riyals in the form of cash to the business or an investment venture. The owner's investment in cash signifies their financial commitment to the enterprise and demonstrates their belief in its potential for success.
By injecting cash into the business, the owner increases its working capital, which can be used for various purposes such as purchasing inventory, covering operational expenses, or investing in assets. This infusion of funds strengthens the financial position of the business and provides it with the necessary resources to operate and grow. The owner's investment in cash is an essential component of the business's capital structure, along with other sources of financing such as loans or equity investments from other stakeholders. It represents the owner's personal capital contribution and serves as a foundation for the business's financial stability and growth. It is important for business owners to carefully consider and plan their investments in cash to ensure the optimal utilization of funds and to achieve their desired financial objectives.
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I give you loooots of points for this very important question......
Truth....or daaare???!
Answer:
truth
Explanation:
Answer:
Truth
Explanation:
What is a business cylcle
A business cycle is the periodic growth and decline of a nation's economy, measured mainly by its GDP. Governments try to manage business cycles by spending, raising or lowering taxes, and adjusting interest rates. Business cycles can affect individuals in a number of ways, from job-hunting to investing.
You own a coffee shop where a cup of coffee sells for $2.99. Your cost on the cup of coffee is $0.90. Calculate the margin
per cup of coffee.
Answer:$2:09
Explanation: If you subtract the 2 you will get your answer! :)
(Sorry I just read the question wrong)
The margin per coffee cup is $2.09
What is cost?In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service. In business, the amount of money expended to acquire something is considered as cost.
Margin per coffee cup = Selling Price - Cost Price
= $(2.99-0.90)
= $2.09
Therefore the margin on selling one cup pf coffee is $2.09.
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media consumption behavior and response to promotions, price sensitivity, and retail outlets patronized are factors that should be considered in the component of the environmental context of the problem.
Media consumption behavior and response to promotions, price sensitivity, and retail outlets patronized are factors that should be considered in the objectives component of the environmental context of the problem: False.
What is a marketing mix?A marketing mix simply refers to the choices about product attributes, promotion or communication strategy, place or distribution strategy, and pricing strategy that a business firm offer to its targeted markets.
The four (4) Ps of marketing mix.This ultimately implies that, a marketing mix is made up of the four (4) Ps and these include the following;
ProductsPricePlacePromotionsIn this context, we can reasonably infer and logically deduce that the component of the external factors of a marketing problem include the following:
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Complete Question:
Media consumption behavior and response to promotions, price sensitivity, and retail outlets patronized are factors that should be considered in the objectives component of the environmental context of the problem. True or False?
While there is no perfect or correct method for routing cables, what are some best practices to follow for optimal cable organization and access? Select two options that apply.
- Power Distribution Unit (PDU) channels are installed into each rack flange and routed appropriately to each system.
- Cable clips are mounted in the PDU channels to keep cables out of the way and prevent cords from becoming tangled.
- On standard configurations, cables exit through a slot on the side of the rear rack doors.
- Color-coded cable clips are mounted in the PDU channels to keep cables out of the way and prevent cords from becoming tangled.
- Tie wraps are used to secure cables to the rear rack door where they exit, to ensure the rack door closes without cable interference.
Best practices to follow for optimal cable organization and access are: 1. Cable clips are mounted in the PDU channels to keep cables out of the way and prevent cords from becoming tangled and 2. color-coded cable clips are mounted in the PDU channels to keep cables out of the way and prevent cords from becoming tangled.
Cable management is important in data centers and server rooms since the maintenance of a large number of cords and cables can be a challenge. Poor cable management may lead to an unprofessional appearance, dust accumulation, and bad air circulation, which might lead to equipment failure. Therefore, the use of best practices in cable management is essential for optimal cable organization and access.
Cable clips, color-coded cable clips, tie wraps, and PDU channels are some of the best practices to follow for optimal cable organization and access. Cable clips are used to hold the cords together and ensure that they do not tangle, whereas color-coded cable clips help in the identification of the cords. Tie wraps are used to secure the cords and cables to the rear rack door where they exit, to ensure the rack door closes without cable interference. PDU channels are installed into each rack flange and routed appropriately to each system to ensure optimal organization and access.
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a company charting its profits notices that the relationship between the number of units sold, x, and the profit, p, is linear. if 190 units sold results in $1140 profit and 240 units sold results in $3940 profit, write the profit function for this company.
Profit function: p(x) = 20x + 150, where x represents the number of units sold and p(x) represents the corresponding profit.
To find the profit function, we need to determine the relationship between the number of units sold (x) and the profit (p). Given that the relationship is linear, we can express it in the form of a linear equation: p(x) = mx + b, where m is the slope (representing the rate of change of profit with respect to units sold) and b is the y-intercept (representing the fixed profit when no units are sold). Using the given data, we can calculate the slope (m) as the change in profit divided by the change in units sold: m = (3940 - 1140) / (240 - 190) = 2800 / 50 = 56. Next, we substitute one set of values (x, p) from the given data into the equation to solve for the y-intercept (b). Let's use (190, 1140): 1140 = 56(190) + b 1140 = 10640 + b b = 1140 - 10640 b = -9500.
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Sheffield Company has unit costs of $6 for direct materials and $15 for conversion costs. There are 4000 units in ending Work in Process inventory that are 30% complete related to conversion costs, and fully complete related to direct materials cost. How much is the total cost assigned to the ending Work in Process inventory if the weighted-average method is used?
a. $84000
b. $18000
c. $42000
d. $24000
In accounting, a company's weighted-average method is a common way to calculate ending inventory. To calculate the weighted average, the cost of goods available for sale is divided by the total number of units, which gives the weighted average cost per unit.
Here is the solution to the given problem: Given: Direct material cost/unit (DM) = $6/unitConversion cost/unit (CC) = $15/unitTotal units = 4000Ending WIP inventory = 4000 * 30% = 1200 unitsSolution:Total equivalent units of production (TEU) = 4000 units + 1200 units= 5200 units.
Total cost = Total DM cost + Total CC costTotal DM cost = DM cost per unit x Equivalent units of productionTotal DM cost = $6 x 5200Total DM cost = $31,200Total CC cost = CC cost per unit x Equivalent units of productionTotal CC cost = $15 x 5200Total CC cost = $78,000
Therefore, the Total cost = Total DM cost + Total CC cost= $31,200 + $78,000= $109,200And, the total cost assigned to the ending Work in Process inventory if the weighted-average method is used = Total cost x 30% (Conversion cost)= $109,200 x 30% (Conversion cost)= $32,760Hence, the correct option is a. $84000.
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most accidents in urban areas occur where? near one of the famous landmarks at intersections at parking areas in business districts
Most accidents in urban areas occur at intersections.
Where do accidents tend to happen the most in cities?Deaths at junctions, as well as those involving bicycles and pedestrians, are more frequent in urban settings. The number of fatalities on fast highways, fatalities involving heavy trucks, and fatalities involving passengers in motor vehicles is higher in rural areas.
Rural regions, interstates, junctions, and parking lots are the most frequent locations for car accidents. Additionally, most car accidents occur not far from the residence of the accident victim.
When car accidents do happen in metropolitan settings, they frequently happen at crossroads or on streets with 40 mph or lower speed limits. At stoplights, drivers frequently rear-end each other, fail to recognize who has the right-of-way, and execute dangerous maneuvers.
Therefore, option C is correct.
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What kind of skill is persuasion?
soft skill
hard skill
neutral skill
high skill
Answer:
Persuasion is convincing others to change their point of view, agree to a commitment, purchase a product or service, or take a course of action. Oral and written persuasive skills are valued in the workplace. Sales is the most obvious form of persuasion, but this skill is used in many other positions as well.
Explanation:
Which strategy is used most often within stores or shopping centers?
customer loyalty
pull marketing
push marketing
word-of-mouth
Answer:
Pull marketing
Explanation:
on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.
The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.
Calculation:
Annual depreciation under SLM:
= (Asset cost-Salvage value) + Useful life of the asset
= ($40,000+$1,000 - $5,000)/6
= $36,000/6
= $6,000
Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUAs a manager, Kelly must communicate to her employees some bad news that will likely upset them. What is the best advice for her to follow when communicating this bad news?
When communicating bad news to employees, the following advice can help Kelly as a manager must be Transparent, Choose the Right Setting, Show Empathy, Provide Context and Explanation, Follow-Up and Support.
Be Transparent: It is crucial to be open, honest, and transparent about the bad news. Avoid sugarcoating or misleading information, as it can erode trust and credibility.
Choose the Right Setting: Select an appropriate setting that is private and allows for open communication without distractions. This ensures employees feel comfortable expressing their thoughts and emotions.
Show Empathy: Display empathy and understanding towards employees' feelings and reactions. Acknowledge their emotions and provide support while delivering the news.
Provide Context and Explanation: Clearly explain the reasons and factors behind the bad news. Offer context, background information, and a comprehensive explanation to help employees understand the situation better.
Offer Solutions or Alternatives: Whenever possible, present potential solutions or alternatives to mitigate the impact of the bad news. This demonstrates a proactive approach and shows that efforts are being made to address the situation.
Encourage Questions and Listening: Create a safe space for employees to ask questions and express their concerns. Actively listen to their perspectives and provide thoughtful responses to foster open dialogue.
Follow-Up and Support: Offer ongoing support to employees following the bad news. Provide resources, guidance, and assistance to help them navigate the situation and cope with any potential challenges.
By following these guidelines, Kelly can communicate bad news in a compassionate and effective manner, maintaining trust and fostering a supportive environment within the team.
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6. create the following indexes: a. create an index named owner index1 on the state column in the owner table. b. create an index named owner index2 on the last name column in the - - owner table. c. create an index named owner index3 on the state and city columns in the owner table. list the states in descending order
(a) Create an index trip index1 on trip name in the trip table.
Create index trip index1
On trip (trip name)
(b) Create index Trip index2 on type of trip table.
Create index trip index2
On trip (TYPE)
(c) Create index Trip index3 for last name, first name of table customer.
Create index trip index2
on customer
The syntax for creating indexes varies by database. Check the syntax for creating indexes in your database. Indexes can be created or dropped without affecting the data. Creating an index involves the Create index statement. This allows you to name the index specify the table and column to index and specify whether to arrange the index in ascending or descending order.
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Which of the following must be reported as an income or loss? A) Sale of an asset for book value B) Sale of an asset for more than book value C) Sale of an asset for less than book value D) Both sale
The sale of an asset for more than book value and the sale of an asset for less than book value must both be reported as income or loss. D) Both options A and C must be reported as income or loss. Here's why:
A) Sale of an asset for book value: If an asset is sold for its book value, there is no gain or loss to be recognized. The proceeds from the sale would match the book value of the asset, resulting in no income or loss reported.
C) Sale of an asset for less than book value: If an asset is sold for less than its book value, it results in a loss. The proceeds from the sale would be lower than the book value, and the difference between the two would be recognized as a loss, which needs to be reported as an expense.
B) Sale of an asset for more than book value: If an asset is sold for more than its book value, it results in a gain. The proceeds from the sale would exceed the book value, and the difference between the two would be recognized as a gain, which needs to be reported as income.
Therefore, both the sale of an asset for more than book value and the sale of an asset for less than book value require reporting as income or loss.
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A minimal requirement, which has been insisted on by the courts, is that employees act in good faith.A. TrueB. False
Incorrect; the courts have maintained that employees must act in good faith as a minimum requirement.
What is the employment challenge?The primary worldwide employment concern, according to the International Labor Organization (ILO), is poor working conditions. Around 2 billion individuals work in informal jobs that do not adhere to government-mandated employment laws, or about 61% of all workers globally.
How would you describe controversy?A debate or argument that features strongly divergent viewpoints is referred to be a controversy. There will undoubtedly be a lot of debate when a beloved character on a famous TV programme is killed off. A controversy is a heated argument with intense disagreement, but the subject matter could be as unimportant as a recent film.
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Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
Express the elements in pointwise which are required in employment notice
It's too short. Write at least 20 characters to explain it well.
Identify which Equal Opportunity law (or laws) protects workers in the following categories: a. an employee who must care for an elderly parent b. a National Guard member who is returning from deployment overseas c. a job applicant who is HIV positive d. a person who is over 40 years old e. a woman who has been sexually harassed on the job f. a woman with a family history of breast cancer
Answer:
a. Family and Medical Leave Act
b. Americans with disabilities Act
c. Rehabilitation Act
d. Age discrimination in employment Act
e. Civil Rights Act
f. Genetic Information non discrimination Act
Explanation:
U.S. Equal Employment Opportunity Commission EEOC has 8 federal laws which protects the rights of employees at workplace. These laws save employees from harassment, discrimination due to disability or any other reason and provides them civil rights.
[Museums as Systems] about what you think makes a good museum leader, and what you think a museum needs to succeed. (use at least two excerpts and under than 200 w)
One of the roles of a museum is education. Even the most closed-minded museum scientist cannot dispute this without risking the charge of being an extremely conservative curator.
Over the past few decades, museum education has evolved from a low priority activity to a crucial component of a museum's mission. In the majority of situations, it has evolved into the primary basis for the museum's existence in the eyes of the general public, along with protecting the cultural legacy.
However, there is no justification for museum educators to unwind. Although education is undeniably a crucial component of a museum's operations today, the question of whether it will always be so persists. Museum education should not be the main focus of policy considerations only because it is utilized as a marketing tool to support museums' existence.
Many museum professionals, including educators, still view educational programs as a strategy to maintain the major rooms free of huge school groups that obstruct genuine museum visitors.
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Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
HI HI HI HI HI HI HI HI WATER IS H20
types of waves that can be plane polarized
a u.s. treasury strip that will pay $1,000 in 10 years is selling today for $508.35. what interest rate does the bond offer? (do not round intermediate calculations. enter your answer as a whole percent.)
The bond offers an interest rate of 9%.
The interest rate is computed as shown below:
Future value = Present value ( 1 + r )n
$ 1,000 = $ 422.41 ( 1 + r )10
($ 1,000 / $ 422.41)1/10 - 1 = r
r = 9%.
An interest rate tells you how high the cost of borrowing is, or high the prices are for saving. So, if you are a borrower, the interest rate is the quantum you're charged for adopting a plutocrat, shown as a chance of the total quantum of the loan.
Using the interest rate formula, we get the interest rate, which is the chance of the top quantum, charged by the lender or bank to the borrower for the use of its means or plutocrat for a specific time period. The formula is Interest Rate( Simple Interest × 100)/( star × Time).
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