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3 years ago

Failure to pay a loan is referred to as:

Business

2 answers:

Ksivusya [100]3 years ago

8 0

Yea he is right it's a default as it would be a bad debt

LiRa [457]3 years ago

3 0

That would be:

B.) Defualt

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assume that you provide your services in a company as its HR representative you must create the code of conduct manual for the c

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The conduct code or a manual basically has to define the ways in which people must act in the company.

Explanation:

Every company has a set of standards and how the work culture exists in their company.

This is often a direct inference of the practices of their company in the market and what their place is according to it.

It also depends on what industry the company is a part of.

Thus, the manual makes sure there is a directive way of understanding the rules of conduct of every worker within a company and even for the managers and executive there exists this way of understanding what it is about.

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3 years ago

Gene is a self-employed taxpayer working from his home. His net business profit is $7,000 before home office expenses. His alloc

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Answer:

D) Only $7,000 of the office expenses can be deducted; the remaining $1,000 can be carried forward to future tax years.

Explanation:

Since Gene's profit before home expenses is only $7,000, he can only deduct up to $7,000 for this year. That way his net profit will be $0. The remaining $1,000 must be carried forward so that he can use them in the future, probably next year he will add them to his deductions. If a business losses money, the government pay you anything, taxes only work one way, you have to pay.

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3 years ago

Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res

vladimir1956 [14]

Answer:

a) 12.23%

b) 12.94%

c) 14th month payment interest = $157.33

14th month principal = $369.50

d) 18th month payment interest = $142.04

18th month payment interest = $384.79

e) 22nd month payment interest = $126.12

22nd month payment interest = $400.71

Explanation:

price of truck = $15000

down payment = $1000

Loan amount = $14,000

assume monthly interest rate = r%

Loan amount after 1 year will be = 14000 * (1+r%)12

next we will determine the annuity factor = [ (1/r)-[(1/r)*(1/ (1+r)t)] ]

r = periodic interest rate , t = number of payments

monthly loan payment = $14000*(1+r%)12 / [ (1/r)-[(1/r)*(1/ (1+r)36)] ]

hence r = 1.019%

a) nominal interest rate

= 1.019% *12 = 12.23%

b) effective interest rate

= (1+1.019%)^12 -1 = 12.94%

attached below is the Amortization schedule

c) 14th month payment interest = $157.33

14th month principal = $369.50

d) 18th month payment interest = $142.04

18th month payment interest = $384.79

e) 22nd month payment interest = $126.12

22nd month payment interest = $400.71

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3 years ago

Because Mike is only accountable for the $20,000 he invested in his friend Matt's company, the

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The answer is limited liability partnership

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Im fairly certain its True

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