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zmey [24]
3 years ago
11

Damon convinced his aunt to lend him 2000 to purchase a plasma digital tv she has agreed to charge only 6 percnt simple interest

and he has agreed to repay the loan at the end of one year
How much interest will he pay for the year?
Business
1 answer:
AnnyKZ [126]3 years ago
7 0

Answer:

$120

Explanation:

In this question, we simply have to apply the simple interest formula which is shown below:

= Principal amount × rate of interest × time period

= $2,000 × 6% × 1 year

= $120

Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.

So, $120 interest is paid for the year

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The amount businesses have left after paying their rent, interest on debt, and employee costs is called profits.
Levart [38]
False I’m pretty sure
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Ryan is a 25% partner in the rocc partnership. at the beginning of the tax year, ryan's basis in the partnership interest was $9
maw [93]
Your answer is going to be, $115,000
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Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common stock outstanding. The comm
kari74 [83]

Answer: Yes they are.

Explanation:

A warrant will be dilutive if it causes the share price of a company to reduce in value when it is exercised and converted into common stock.

The warrant in this scenario will dilute the share value because it is to be exercised at a price that is lower than the current market price of the stock so when it is added to the outstanding shares, it will reduce the market value and dilute the shares.

8 0
3 years ago
The first three steps of the strategic management process involve ________ strategies.
Lina20 [59]

The first three steps of the strategic management process involve <u>planning</u> strategies.

Strategic planning is a system in which an agency's leaders outline their imaginative and prescient destiny and become aware of their agency's desires and goals. The method consists of setting up the sequence in which the goals should be realized in order that the business enterprise can reach its stated vision.

Inside making plans, there are 4 important categories: strategic, tactical, operational, and contingency planning. Strategic planning is a manner that groups use to determine their dreams and targets.

Strategic planning is an agency's procedure of defining its approach or direction and making selections on allocating its assets to achieve strategic goals. it is able to also extend to govern mechanisms for guiding the implementation of the strategy.

Learn  more about planning strategies here brainly.com/question/17924318

#SPJ4

3 0
2 years ago
Woodstock Co. had $500 of credit cards sales. The net cash receipts were deposited immediately into Woodstock's bank account les
Contact [7]

Answer:

Sales revenue for $500

Explanation:

The journal entry is shown below:

Account receivable Dr $490

Credit card expense Dr $10

                     To Sales revenue $500

(Being the sale transaction is recorded)

The account receivable  is computed below:

= Sales revenue - sales revenue × fee percentage given

= $500 - $500 × 2%

= $500 - $10

= $490

And, the credit card expense is

= Sales revenue × fee percentage given

=  $500 × 2%

= $10

3 0
3 years ago
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