You lease a storeroom on a percentage basis. The lease calls for a minimum rental of $300 per month and 5% of the gross annual sales over $80,000. How much is the annual rent with a gross annual business of $150,000?

a. 7500
b. 3500
c. 3600
d. 7100

Ans: d. 7100

Business

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________ powers of a corporation - unless expressly prohibited, corporation has implied powers to borrow funds w/in certain limits, lend funds, and extend credit to those w/ whom it has a legal or contractual relationship.

Fill in the blank(s) with the appropriate word(s).

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Which of the following sections of the IMF Articles of Agreement requires a member to buy its own currency from other members who have acquired it as the result of current transactions?

A. Section 2(a) of Article VIII B. Section 2(b) of Article VIII C. Section 5 of Article VIII D. Section 4 of Article VIII

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