What is scarcity?

Vito is the sole shareholder of Vito, Inc. He is also employed by the corporation. On June 30, 2020, Vito borrowed $8,000 from V

otez555 [7]

Answer:

The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.

If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020

for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40

3 0

3 years ago

g Unearned revenues are classified as: Group of answer choices Assets. Liabilities. Revenues. Stockholders' equity.

NemiM [27]

Answer:

Liabilities

Explanation:

Unearned revenues are written as liabilities in the balance sheet of a firm. They are regarded as liabilities because the revenue is still unearned. An example is advance rent payment.

It is a prepayment for a good or service that has not been rendered to the customer yet by the provider. The provider or seller now has a liability equal to the revenue they have received till they provide that service for which they were paid

7 0

3 years ago

Which of the following pairs of elements are likely to form an ionic compound? Check all that apply. Check all that apply. lithi

Vlad1618 [11]

Answer:

lithium and chlorine

potassium and oxygen

Explanation:

Ionic compound are chemical compound held by electrostatic forces known as ionic bonding. Ionic compound, their is transfer of electron. One atom of element lose electron while the other atom gain electron. The ions involve in bonding are known as cations and anions.

The cations loses electron to become positively charged while the anion receive electron to become negatively charged. An ionic compound possess an anion and a cations. The electronegativity difference between the atom that go into bonding is widely different.

The best option is the bonding between lithium (cations) and chlorine(anions) and potassium(cations) and oxygen(anions).

The bonding is usually between a metal and a non metal.

Li + and Cl- → LiCl

K+ and O2- → K2O

7 0

4 years ago

At the extreme, micromarketing becomes ________ insofar as products and marketing programs are tailored to the needs and prefere

insens350 [35]

Micro marketing is the practice of tailoring products and marketing programs to suit the tastes of specific individuals and locations. At the extreme, micromarketing becomes individual marketing insofar as products and marketing programs are tailored to the needs and preferences of customers.

6 0

4 years ago

You are planning for your retirement and want to have $1,500,000 by the time you retire 45 years from today. You also want to ha

Reil [10]

Answer:

The correct option is D. $8,311

Explanation:

The steps to reach the deposit ammount of $8,311 are the following:

1) Calculate Future Value of cash flow= 250,000×(1+0.08)∧25=1,712,118.80

2) Calculate the total ammunt to be accumulated by the end of year 45

=1,712,118.80+1,500,000=3,212,118,80

3) Finally you have to calculate the annual deposit to achieve the 3,212,118,80 in 45 years

FV= 3,212,118,80

r=8%

n=45

3,212,118.80= P( (1+0.08)∧45-1 )

0.08

= 8,311. Annual end of the year deposit

8 0

4 years ago