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hoa [83]
2 years ago
10

Renee invested $2,000 six years ago at 4.5 percent interest. She spends her earnings as soon as she earns any interest so she on

ly receives interest on her initial $2,000 investment. Which type of interest is she earning?
A. Free interest.
B. Complex interest.
C. Simple interest.
D. Interest on interest.
E. Compound interest.
Business
1 answer:
tiny-mole [99]2 years ago
7 0

Answer:

C. Simple interest.

Explanation:

Simple interest is money earned by depositing some amount of money in a bank account or an investment account. The amount gained in the simple interest results from the money deposited only (the principal amount). Simple interest earns a constant amount for the entire period of savings or investment as long as the interest rate and the principal amount remain unchanged.

Simple interest is unlike compound interest. In compound interest, the interest earned in a period is added the deposit to make a larger principal amount. Renee is earning simple interest because her earnings are from the principal amount only. Since she is withdrawing her interests as they are earned, meaning her deposits remain the same. She is not allowing her earnings to be compounded with the principal amount to generate more earnings.

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Stan has a summer beach cottage that he has owned for many years. The cottage is valued at $ 125 comma 000. This​ year, Stan spe
anzhelika [568]

Answer:

Case 1. $850

Case 2. $2.300

Explanation:

  • Improvement in cottage would cost (250 + 600) = 850. So, increase in GDP is 850.
  • If he actually hired the painter total cost would be (1.000 + 250 + 450 + 600) = 2.300. So, increase in GDP is 2.300
8 0
2 years ago
A downside of primary research is that it is _____. expensive and time consuming cheap but labor intensive time consuming but sp
Anarel [89]

A downside of primary research is that it is expensive and time consuming. Primary research allows people to find more inde pthinformation on a research topic or subject however, it is very expensive. Primary research is research that is new and very specific in the field they are researching. Primary research can be interviews, focus groups, surverys or other search ways to collect data.

6 0
3 years ago
Mrs. Cox, a head of household, earned a $313,000 salary and recognized a $29,300 net long-term capital gain this year. Use Indiv
SCORPION-xisa [38]

Explanation:

. $4,395 ($29,300 long-term capital gain × 15%)

6 0
3 years ago
Blossom, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
Crazy boy [7]

Answer:

The Journal entry with their narrations shown below:-

Explanation:

The Journal Entry is shown below:-

1. Petty cash Dr, $271

       To Cash $271

(Being establishment of petty cash fund is recorded)

2. Freight-in Expenses(delivery charges) Dr, $76

Supplies expenses Dr, $41

Postage expenses Dr, $49

Loan to employees (Accounts receivable) Dr, $33

Miscellaneous expenses Dr, $52

Cash short and over Dr, $8

         To Cash                              $259

($271 - $12)

(Being disbursement of cash is recorded)

3. Petty cash Dr,  $116

       To cash  $116

(Being increase in petty cash is recorded)

6 0
3 years ago
good theory should have the virtue of , or refutability. In other words, not only must a theory predict thing that we should obs
Elan Coil [88]

Answer:

True. Yes, the theory can be falsified.

Explanation:

Theory X would more specifically refer to the theory of supply and demand, which states that individuals will buy more of a particular good if their income rises. From this theory, comes the concept of "normal good", which are precisely the goods that people buy more as their income rises.

This theory could be falsified by empirical observation: a study could be made, including a good number of subjects, to see whether their purchasing habits are directly related to their income.

4 0
3 years ago
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