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3 years ago

Explain what the national debt is and two ways to affects the country

1 answer:

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A National Debt is the amount of money obtained by one country from another that has not been paid. This can effect a country by means of loss of land actually owned, or it can cause agencies (e.g. Social Security Administration) to be cut on their budget. Meaning the agency to be cut of operational funding will loose a certain amount of funding until funds are found. Normally multiple agencies are cut to obtain some of the money to pay back the debt but this can really hurt agencies for reasoning of staffing as well as other operational costs. Hope this helps!

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Franklin Company borrowed $144,000 from a bank on March 1, 2021 and agreed to pay it back in eleven months at an interest rate o

ioda

Answer:

$25,080

Explanation:

Given:

Loan amount = $1,44,000

Starting Date 1 march 2021

Duration = 11 month

Interest Rate = 19%

Amount of interest =?

$Amount of interest for a year = PRT/100\\\\Amount of interest for a year = 144,000\times19\times1/100\\Amount of interest for a year= 27,360$

Amount of interest for eleven month = Amount of interest *11/12

Amount of interest = $27,360*11/12

Amount of interest = $25,080

6 0

3 years ago

Samantha has a loan with an interest rate of 6.67 percent now, but the rate could increase 2 percent next year. What lending ter

stiv31 [10]

Answer: 3 Variable Rate Loan.

The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.

6 0

3 years ago

Read 2 more answers

Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of segment a and (2)

trapecia [35]

Answer:

There is no data given in the question, a similar question is attached with this answer and answer was made accordingly.

Comparative Statement is made in the MS Excel File which is attached with this answer, Please find it.

Explanation:

All the items except the president salary are relevant to the segment A, because these costs are particularly for incurred for Seg. A. A a single unit the Segment A is making the profit of $11,000. Allocation of president salary is the major reason for the loss.

Keeping Segment A makes is a more profitable decision than Eliminating the segment A. because share of president salary associated with segment A is allocated to other segments and Segment A was contributing $11,000 in the president salary at break-even. This contribution is lost when we Eliminate the Segment A.

6 0

2 years ago

He embryo is most susceptible to adverse influences during the period from 15 to 60 days after conception. this period is referr

Harman [31]

~Hello There!~

This period is referred to as the period of organogenesis.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤

7 0

3 years ago

Fred bought life insurance five years ago. He forgot to tell them that he had a heart condition, and, as a result of that condit

Readme [11.4K]

Answer:

<h2>The answer, in this case, would be option a. or Incontestability clause.</h2>

Explanation:

In the context of life insurance provision, incontestability clause basically refers to the prevention of the denial of insurance service by the insurer on ground of falsification or fraudulent misrepresentation of relevant fact or information in the insurance application.
Incontestability clause is officially applicable following the effective implementation of the insurance policy at least for a particular time period, which is usually considered to be two to three years.
The clause is commonly applicable in the case of life and health or medical insurance policies.

6 0

3 years ago