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miv72 [106K]
2 years ago
6

Lashonda borrowed $19,000 to buy a truck for her business. She borrowed from her parents who charge her 4% simple interest. She

borrowed from a credit union that charges 6% simple interest, and she borrowed from a bank that charges 3% simple interest. She borrowed four times as much from her parents as from the bank, and the amount of interest she paid at the end of 1 yr was $920. How much did she borrow from each source
Business
1 answer:
Luden [163]2 years ago
8 0

$50000 borrowed from each source

<h3>What is  borrow ?</h3>

to borrow (something, such as money) with the intention of returning it, or something equivalent or identical, to the lender to borrow (ideas, words, etc.) from another source; suitable

Borrow is a regular verb that means 'to borrow something from someone with the intention of returning it after a short period of time': Could I borrow your pen for a minute, please? Laura used to constantly borrow money from me.

'Lend' means to give something to someone for a limited time and then return it. Borrowing means taking and using something that belongs to someone else for a short period of time before returning it. The person lending something owns it and is lending it to someone else.

To know more about  borrow  follow the link:

brainly.com/question/24892913

#SPJ4

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Thomas Is a financial advisor to a committee seeking to revive the value of the national currency, which has grown weak. He has
harina [27]

Answer:

exports of their country

Explanation:

From the question we are informed about Thomas who Is a financial advisor to a committee seeking to revive the value of the national currency, which has grown weak. He has to suggest a

point on which the nation should focus in order to strengthen Its currency. In this case the trade element should Thomas suggest as a focus is that

the nation focus on exports of their country. Whenever a country increases her export, there will be rise in demand for local currency and this will strengthen the local currency power.

4 0
3 years ago
The reason that most business professionals use the extemporaneous style of speaking is?
stiks02 [169]

The reason that most business professionals use the extemporaneous style of speaking is an answer to a question about current events.

What is business?

The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.

The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.

As a result, the business professionals use the extemporaneous style of speaking is answer to a question about current events.

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4 0
2 years ago
To keep your business plan up-to-date, it should be revised every
Rufina [12.5K]

Answer:

A-month

Explanation:

by revising it monthly, it is the most up to date and can be consistently helpful to you as well as organized.

4 0
3 years ago
In 2020, Wimer Corporation, a service business, no longer qualifies as a small business. Thus, it must change from the cash to t
Nikolay [14]

Explanation:

Data given in the question  

Beginning account receivable = $575,000

Account payable balance = $345,000

Since the account receivable is arise from credit sales where the account payable is arisen from credit purchase  

Plus, the income is also increased by considering the account receivable balance while on the other hand, the income can be decreased if account payable is considered  

So the net effect is  

= $575,000 - $345,000

= $230,000

Since the net income comes in positive so the net income is increased

6 0
4 years ago
Hillary has just returned to the United States from a trip to northern Europe, where she visited Sweden and Finland. The table b
Stells [14]

Answer:A

Explanation:Edg

7 0
3 years ago
Read 2 more answers
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