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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.

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Which of the following would be considered an appraisal cost of quality?

mars1129 [50]

Purchasing better tools for workers to perform their jobs

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3 years ago

Concord Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per boo

matrenka [14]

Answer:

C. $23,950

Explanation:

Given the above information, the adjusted cash book balance is computed as:

Adjusted cash balance per books = Cash opening + Collection by bank - Bank charge check printing - NSF check

= $20,200 + $4,880 - $130 - $1,000

= $23,950

Therefore, the adjusted cash balance per books on August 31 is $23,950

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3 years ago

one business attracts another business of similar type and together they may make more money than they would have singularly. th

Alexus [3.1K]

This is an example of competition principle of value.

The required details about business principle of value is mentioned in below paragraph.

The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else. Businesses that operate for profit do so in order to make a profit, while those that operate for good will do so.

Competition's guiding principle: According to the competition principle, excessive profits in any industry will result in excessive competition, which will then obliterate profits. Think about a business that debuts in a secure neighborhood.

What benefit does rivalry have?

The cornerstone of a robust American economy is healthy market competition. Fundamental economic theory shows that when businesses compete for customers, it results in cheaper prices, better goods and services, more variety, and more innovation.

Thus, competition is the correct answer.

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8 0

2 years ago

If a life insurance company sells a $240,000 life insurance policy with a one year term to a 25-year old lady for $210, the prob

MrMuchimi

Answer: $112.08

Explanation:

Given that,

Life insurance policy = $240,000

Cost = $210

Amount to be paid by company to old lady if she survives (A):

= $240,000 - $210

= $239,790

Probability that she survives (P1) = 0.999592

Probability that she doesn't survives (P2) = 1 - 0.999592

= 0.000408

Expected value of this policy for the insurance company:

= (P1 × cost of policy) - (P2 × A)

= 0.999592 × $210 - 0.000408 × $239,790

= $209.91432 - $97.83432

= $112.08

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3 years ago

Which of the following might a student do in high school to learn more about automotive care? A.

stepladder [879]

Answer:

Answer - A

Explanation:

SkillsUSA has an automotive "skill" in which students in high school can learn about the automotive industry.

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3 years ago

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