Advertising is money spent by companies to sell goods and services.
Sx-month note is payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. Interest Payable will be reported for two months i.e. November and December is $1000.
Interest Payable = $100000 × 6% x 2/12 = $1000,
Could I borrow your pen for a moment, please? The common verb borrow means to obtain something from someone with the intention of returning it shortly. I used to give Laura frequent loans of cash. An amount over and above the repayment of the principal sum is known as interest and is paid by a borrower or deposit-taking financial institution to a lender or depositor at a set rate. Interest is the cost of borrowing money or the fee you charge to lend it. Most frequently, interest is shown as an annual percentage of the loan amount. The interest rate for the loan is denoted by this proportion.
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A person who would want to have collision insurance on their auto insurance would be someone who is buying or leasing a car. This way, if they have a wreck or a stolen car, the car would be paid for or fixed with only a deductible paid. People will also want collision if their car is paid off to protect them in the case of wreck or stolen car. So, they will not be without a car and can get it fixed or get the money from the insurance for the value of the car if it is a total loss. Most states have laws that each citizen must have liability coverage only to get their car tagged.
An Aribraska resident who earns $32,000 would owe $1,300 in taxes.
<h3>Data and Calculations:</h3>
Resident's annual earnings = $32,000
<h3>Tax Rates:</h3>
Residents pay 3% on the first $15,000 of income.
The next $25,000 earned is taxed at a rate of 5%.
Any money earned above $40,000 is taxed at 7%.
The resident will pay $1,300 ($15,000 x 3% + $17,000 x 5%) in annual tax.
Thus, an Aribraska resident who earns $32,000 would owe $1,300 in taxes.
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Answer: Resources required to fulfil our needs are insufficient
Explanation:
Scarcity in economics is the term used to describe the notion that the needs of a society are infinite but the resources needed to satisfy these needs are finite.
This is why humans have to constantly make a trade-off between resources needed to satisfy a need by picking one alternative course of action that requires a resource over another.