Answer:
The loan is due on August 18th
Explanation:
Simple interest is defined as the amount that is paid on a loan over a period of time. The interest is paid along with the principal in the course of loan tenure.
The formular for simple interest bis given as
Interest= principal* Interest rate* time
We are to calculate the loan duration and it was disbursed on June 7.
120= 4,000* 0.15* time
Time = 120/(4,000*0.15)= 0.2 years
Time = 0.2* 365 days
Time= 73 days
Therefore the loan is due on August 18th
Answer:
What is the best way to get his service to his target customers?
Explanation:
Answer:
d. $63
Explanation:
This "thank you" classifies as a performance bonus and, therefore, Edwina should include the whole market value plus dividends received from the three shares of Ed's TV Repair stock that she earned. The total amount for the shares' value plus dividends earned is:
Edwina should include $63 in her gross income.
Answer:
Both Hillyland and Flatland will be better off in a win-win solution if they engage in comparative advantage.
Explanation:
Suppose each nation decides to specialize in the most suitable crop, and trade with the other nation for the other product, the trade-offs will be the products they supposedly can produce but do not have comparative advantage in. For Hillyland it will be rice and for Flatland it will be coffee.
When both nations practice comparative advantage there will be no losers because economic theory suggests that, when countries practice comparative advantage, the sum total of their combined output will be greater than if they had produced all products themselves because they wanted to be self sufficient.
The logic is simple, goods are less costly to produce in a country that has comparative advantage and at the end they could be sold cheaper to the country that traded it off.
THE PRINCIPAL IS THE $3000 WHICH SAM INVESTED.
In accounting, the principal refers to the amount of money which the investor used to do a particular business over a specific period of time. The profit made during this period is called return on investment [ROI]. In the question given above, $300 is the return on investment.
In the case of borrowing, the principal refers to the total amount of money that is borrowed for a period of time. The money will have to be repaid with an interest on it.
