All categories

2 years ago

In three years, when he is discharged from the Air Force, Steve wants to buy an 8,000 power boat.

Business

1 answer:

eduard2 years ago

4 0

Steve will get $11360 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 14%

principal + interest = $8000

Time = 3 years

Simple interest

$=\frac{8000 \times 3 \times 14}{100}\\=3360$

Now principal + interest = 8000+3360 = 11360

Therefore, Steve will get $11360.

To learn more about simple interest from the given link

brainly.com/question/25793394

#SPJ4

You might be interested in

Which Internet technology allows businesses to make presentations and share visual aids such as charts and graphs?

Triss [41]

Answer:

Explanation:

3 0

3 years ago

Read 2 more answers

Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for

TEA [102]

Answer:

fall

rise

frictional

b. Improving a widely used job-search website so that it matches workers to job vacancies more effectively

Explanation:

A fall in the price of steel would reduce the profitability of producing steel for steel producing companies. Hence, the supply of steel would fall. as a result, less labour would be needed, so the demand for labour would fall.

A fall in the price of steel would reduce the cost of producing cars and thus increase the production of cars. as a result, more labour would be employed to make cars.

Frictional unemployment is when labour is unemployed between the time he leaves his current employment and time he finds another. by improving on the job search website, workers would be matched faster with available jobs, this frictional unemployment would decrease.

7 0

3 years ago

Which of the following are steps in the planning process of an organization? (Check all that apply.) Multiple select question. F

vovangra [49]

The steps in the planning process of an organization include:

A. Formulating strategies to achieve the goals.
B. Determining the organization's mission and goals.
D. Selecting the most effective way to implement the organizational strategy.

<h3>What is planning?</h3>

Planning is a management function that ensures the achievement of organizational efficiency and effectiveness.

Planning usually takes place at three levels of the organization, including:

Functional
Business
Corporate levels.

Thus, the steps in the planning process of an organization include Options A, B, and D.

Learn more about the planning function at brainly.com/question/3504046

#SPJ12

5 0

2 years ago

True or false: The fundamental activities of a business are selling activities and marketing activities.

astra-53 [7]

Answer:

i think its false

Explanation:

6 0

3 years ago

The following transactions are for Kingbird Company.1. On December 3, Kingbird Company sold $450,000 of merchandise to Blossom C

SpyIntel [72]

Answer:

Kingbird Company or Mack Company

Journal Entries:

Dec. 3:

Debit Accounts Receivable (Blossom Co.) $450,000

Credit Sales Revenue $450,000

To record the sale of goods on account, terms 1/10, n/30.

Debit Cost of Goods Sold $310,000

Credit Inventory Account $310,000

To record the cost of goods sold.

Dec. 8:

Debit Sales Allowance $22,000

Credit Accounts Receivable (Blossom Co.) $22,000

To record the allowance granted.

Dec. 13:

Debit Cash Account $423,720

Debit Cash Discount $4,280

Credit Accounts Receivable (Blossom Co.) $428,000

To record the settlement of account.

Explanation:

Journal entries are used to record transactions that occur on a daily basis. They are usually the first set of records made in the accounting books. They show the accounts to be debited and the accounts to be credited. Each transaction is usually debited in one account and credited in another to reflect the double entry system of accounting and to keep the accounting equation in balance.

7 0

3 years ago