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user100 [1]
1 year ago
12

Jim borrowed $1,400. six months later, he paid back a total of $1,450. how much interest did jim pay?

Business
1 answer:
BlackZzzverrR [31]1 year ago
3 0

Jim borrowed $1,400. six months later, he paid back a total of $1,450 so Interest paid with the aid of Jim was 46%.

<h3>What is pastime paid?</h3>

Interest is the charge you pay to borrow cash or the value you charge to lend money. Interest is most regularly mirrored as an annual share of the quantity of a loan. This share is known as the activity rate on the loan.

<h3>Is activity paid an expense?</h3>

Interest expense is a non-operating rate proven on the income statement. It represents hobby payable on any borrowings—bonds, loans, convertible debt or lines of credit.

Learn more about interest paid here:

<h3>brainly.com/question/25545513</h3><h3 /><h3>#SPJ4</h3>
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Prepare the 2017 and 2018 common-size balance sheets for just dew it. (do not round intermediate calculations. Enter your answer
Nina [5.8K]

Answer:

The accounts and other information were missing, so I looked them up:

                JUST DEW IT CORPORATION

                                 Balance Sheet

                              For 2017 and 2018

                                               2017        2018        Cash

                                                                             source / use

Assets:

Current assets

Cash                                    $12,157     $14,105    source

Accounts receivable        $29,382     $32,815    use

Inventory                           $54,632    $57,204     use

Total current assets           $96,171    $104,124

Non-current assets

Net plant and equip.       $367,241   $375,830    use

Total assets                     $463,412   $479,954

Liabilities and stockholders' equity:

Current liabilities

Accounts payable            $46,382     $49,276      source

Notes payable                  $18,246       $19,784     source

Total current liabilities     $64,628     $69,060

Long term debt

Long-term debt                $49,000     $45,000     use

Owners’ equity

Common stock and

paid-in surplus                 $50,000      $50,000        -

Retained earnings          $299,784     $315,894     source

Total owners' equity       $349,784    $365,894

Total liabilities and

stockholders' equity:       $463,412    $479,954

3 0
3 years ago
Expenses included in the home office deduction, such as painting or repairs to the actual area of the home used for business, ar
damaskus [11]

Expenses included in the home office deduction, such as painting or repairs to the actual area of the home used for business, are referred to as   deductible expenses

<h3>What are home office costs?</h3>
  • Home office expenses are those incurred as a result of running a business or performing employment-related tasks within one's home dwelling.
  • Within certain limits, expenses incurred in the operation of a home-based business are deducted on your federal taxes.
  • With the Tax Cuts and Jobs Act of 2017, the regulations for deductions changed, so make sure you receive information on deductions published in 2018 or later.

learn more about home office costs refer:

brainly.com/question/14924718

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7 0
2 years ago
In 2017, Scranton, Inc. sold 2,000 carpets for $50 each. The carpets carry a two-year warranty for repairs. Scranton estimates t
vodomira [7]

Answer:

$3,000

Explanation:

Inventory Sold   2,000*$50=$100,000

Warranty Expense $100,000*3%=$3,000

Therefore $3,000 would be reported in warranty liability account.

When any claim for warranty is reported,the liability will be set off by debiting it and corresponding effect to inventory or stores will be taken.

8 0
4 years ago
Rare earth metals are used to manufacture some important electronic components in popular products like cell phones. These metal
Talja [164]

Answer:

This is a situation of derived demand. The demand for electronics is derived from that of rare earth metals.

So if the price of extraction of rare earth metals increases, supply will not meet demand, prices of rare earth metals will go up.

Since demand for electronics is derived from that of rare earth metals, the price of electronics will go up to accommodate the price change of the rare earth metals.

Explanation:

8 0
3 years ago
Knowing what makes your product unique is part of which marketing function?
svetlana [45]

Answer:

Product

Explanation:

The benefits offered by the product and all its features need to be understood and the unique selling proposition of the product need to be present to capture the consumer.

7 0
3 years ago
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