<span>Function of "a" = total amount earned
h = hours worked,
$6 per hour times number of hours.
b = number of bonus's, $5 per bonus.
One way to set up an equation to capture all of these variables:
a=6h+5b</span>
Answer:
$3,325
Explanation:
Reserves are maintained to fulfil the customers withdrawal requirement. It is imposed by the State bank over the Banks to hold a specific percent of cash as reserves. Bank hold the reserves and invest or utilize the residual in the market.
In this question 5% of $3,500 will be reserved and the remaining $3,325 will be available for the money supply in the market in different forms.
the maximum possible increase in the money supply as a result of your bank deposit is $3,325.
Answer: C. Credit to Interest Revenue for $300
Explanation: As of October 30, the company has generated interest for:
Interest = $ 20,000 x 6% per year
Interest = $ 1,200 / 12 months
Interest = $ 100 per month
Interest = $ 100 x 3 months
Interest = $ 300
These interests are an interest gain from an account receivable, it is credited in the interest income corresponding to the income statement.
Answer:
A sub-agent
Explanation:
Since Mike who was hired by Bob is licensed to practice law, which would help him file a lawsuit against those who don't pay the outstanding balances owed, he is a sub-agent.
A sub-agent in legal law is someone who performs a fiduciary duty and incurs the same liabilities in regard to his immediate employers, like the sole principal.
Answer:
Because. . . .
Explanation:
<em>In other words, a lender checks your credit and income before approving you to borrow money. So if you have limited or poor credit, you may need a cosigner to receive private student loans. ... A cosigner can help you get approved for a loan and get a lower interest rate.</em>
