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Dimas [21]
3 years ago
10

I need a paragraph using balance, deposit, withdraw, fixed expenses, variable expenses, profit, Interest, budget, financial inst

itutions, and loan please help​
Business
1 answer:
larisa86 [58]3 years ago
3 0

Steve started an entrepreneur company called "Like" a data company which provides business data to all the social media sites to base on products.He starts with $1000  and $200 deposited in bank as capital budget, He had expenses $150 is spent on rent, computer, furniture and air-condition as his fixed expenses and $90 on carpenter, fittings and computer services as variable expenses.A month passed by, his expenses were $360 and income was $500 about $140 of profit.He bought 3 more computers on loan for $300 at interest of 12% for 2 years, Budget $50 for investment, $40 on buying equities from financial institution and balance $10 on debt instruments and $15 was withdrawn form bank for personal use.

Explanation:

  • Balance amount is the paid amount and<em> </em><em>left over amount</em>.
  • Deposit is the amount placed in a <em>particular bank</em>.
  • Withdrawn amount taken from the <em>bank</em>.
  • Fixed expenses which are on a <em>common basis</em>.
  • Variable expenses which is an <em>occurrence at any point in time</em>.
  • Profit amount earned after all the <em>net expenses and taxes</em>.
  • Interest extra amount paid or received by <em>borrowing or lending</em>.
  • Financial institutions buy <em>companies stocks and shares</em>.
  • Loan monetary on <em>credit</em> for business,house etc.

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Answer:

$427,011.92

Explanation:

We use the present value formula i.e to be shown in the attached spreadsheet

Given that,  

Future value = $0

Rate of interest = 7.5%

NPER = 15 years

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The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

And, in type we write the 1 instead of 0

So, after solving this, the present value is $427,011.92

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What is company culture? what role does it play a small company's success? what threats does rapid growth pose for a company's c
attashe74 [19]
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3 years ago
What should customer service representatives use to achieve a win-win outcome between customers and their employer?
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Answer:

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3 0
3 years ago
The investment interest expense deduction is limited to the taxpayer's net investment income.
cricket20 [7]

Answer:

The amount of interest which can be deducted in one year is limited to the net investment income of a taxpayer for that year.

Explanation:

This amount can not be exceeded. Investment income according to the IRS includes:... It does not include eligible dividends or net capital gains other than those that you want to include.

Limitations on investment interest Not all interest that you pay on investment loans are allowed to be deducted. For particular, the IRS forbids registration of certain forms of investment value, including:

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3 years ago
On March 12, a company provides services on account to an individual Hospital for $9,100, terms 2/10, n/30. An individual does n
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To record the transactions with the individual hospital company, the following journal entries are made:

<h3>Journal Entries:</h3>

March 12: Debit Accounts Receivable $9,100

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March 31: Debit Cash $9,100

Credit Accounts Receivable $9,100

  • To record the receipt of cash in full settlement.

<h3>Transaction Analysis:</h3>

March 12: Accounts Receivable $9,100 Sales Revenue $9,100

Terms 2/10, n/30

March 31: Cash $9,100 Accounts Receivable $9,100

Thus, the journal entries for the customer do not require the recognition of the 2% sales discount since the customer could not pay within the discount window.

Learn more about recording transactions at brainly.com/question/17201601

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