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STALIN [3.7K]
1 year ago
5

Hal charges Jim to operate his business within the office building he owns. Identify Hal's source of income

Business
1 answer:
zloy xaker [14]1 year ago
3 0

Hal charges Jim to operate his business within the office building he owns.  Hal's source of income is interest.

<h3>What is interest?</h3>

Interest is a reward paid to an individual who have invested by lending certain amount of money. It is usually paid based on the amount of money borrowed by an individual. Interest is paid on the total amount investment in lending

An individual can sit in the comfort of his house and get paid interest by borrowers or company invested too.

Therefore, Hal charges Jim to operate his business within the office building he owns.  Hal's source of income is interest.

Learn more on investment below

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3 years ago
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Complete the statement about the compound interest expression.
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Answer:

The answer is "A"

Explanation:

Cumulative interests are counted by one plus the annual interest rate adjusted to the cumulative periods of less than one. The first principal sum is determined by one. The cumulative sum of the initial loan is then deducted from the calculation.

Formula:

A= \ p (1+ \frac{r}{n})^{nt} \\\\\ Where,\\ \\ A =  \ annual \ interest\\P = \ principal\\t= time\\r= rate

That's why we apply the above formula to calculate the annual interest rate.

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2 years ago
If Roten Rooters, Inc., has an equity multiplier of 1.52, total asset turnover of 1.20, and a profit margin of 6.2 percent, what
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7 0
3 years ago
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On April​ 1, 2017, Planet Services received​ $8,000 in advance of performing the services from a customer for three months of se
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The journal entry which is to be recorded for the service revenue at the end of May is as follows:

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where

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6 0
3 years ago
On December 1, 2019, Ral received advance rental of $27,000 from a tenant for a three-year lease commencing January 1, 2020 to c
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Answer:

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