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Darya [45]
4 years ago
15

Why do so many people borrow money for large purchases instead of using sinking fund?

Business
1 answer:
yawa3891 [41]4 years ago
4 0

I think that most of the people borrow money for large purchases instead of using a sinking fund because if you need money immediately borrowing money is a simple and easy thing, it takes less time whereas if you use sinking fund, it will take more time because for this you have to make plans earlier but it is a safe and protected method for clearing the debts.
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On September 1, 2021, Daylight Donuts signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued intere
Vinil7 [7]

The interest payable at the time period indicated will be $3000.

<h3>How to calculate the interest?</h3>

From the information given, the interest payable will be:

= Note value × Interest time × Time period

= $100000 × 9% × 4/12

= $100000 × 0.09 × 1/3

= $3000

In conclusion, the interest payable at the time period indicated will be $3000.

Learn more about interest on:

brainly.com/question/2294792

#SPJ12

8 0
2 years ago
Many consumers buy soft drinks and potato chips together when they shop at a grocery, convenience, or mass merchandiser store. B
Molodets [167]

Answer:

Data mining

Explanation:

Data mining is the process in which we can extract the raw data into useful data that would become beneficial for the company.

Large data is available and if we take the data i.e important or useful so this process we called data mining

In the given situation, it is discovered that when the consumers purchased a sandwich so many customers purchased toothpaste along with it. And for extracting the hiding information from its MIS the store used the data mining technique.

8 0
4 years ago
Which of the following is an example of an external source of recruitment? a. A salon moves from Boston to New York and employs
Sav [38]

Answer:

A. A salon shifts from Boston to New York and employs a new cashier through internet recruitment.

Explanation:

External source of recruitment is the process that involves hiring people or workers from outside the organization. The other options listed in the question are examples of internal recruitment. In the case of the Salon, they hire a person through the internet that has no affiliation or previous work status with the salon. External source of recruitment seeks applicants who are external or outside to the organization. This is usually done when suitable candidates for a position are not found internally or when the organization is expanding. It encompasses hiring workers who has never been associated with the organization.

8 0
3 years ago
According to the documentation of a survey conducted by the Ethics and Compliance Officers Association survey, which of the foll
sp2606 [1]

Answer:

D, Conducting investigations of wrongdoings.

Explanation:

An ethics officer has the responsibility of developing and supervising the ethics of an organisation.

The develpment and supervising of ethics ranges from maintaining professional ethisc or industry ethics or implementation of an a compliance program, development of a compliance program as well as other option listed in the question.

Conducting investigations is not one of the most important responsibilities of an ethics officer and thus ranks lowest.

Cheers.

6 0
3 years ago
A company purchased $2,300 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $450 worth of merchandise. On
Aleksandr [31]

Answer:

Dr Accounts payable 1850

Cr Merchandise inventory $37

Cr Cash $1813

Explanation:

Preparation of the journal entry to record the payment on July 12 Using the gross method,

JOURNAL ENTRY

Jul-12

Dr Accounts payable ($2300-450) 1850

Cr Merchandise inventory ($1850*2%) $37

Cr Cash $1813

($1850-$37)

(Being entry recorded for payment to supplier)

7 0
3 years ago
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