Answer:
The answer is 8%
Explanation:
Remember the formula of simple interes is
Total Interest = Amount(Capital) x interest rate x time
in this case
(35.000-25.000) = 25.000 x i x 5 years
10.000/25.000 / 5 = i
0,08= i
8% = i
Answer:
a. Not all SBA programs provide for $1.5 million in loans.
- This statement is correct since not every business is the same, some types of business will require larger amounts than others.
b. If you cannot get a bank loan with reasonable terms, the SBA has many different lending programs for which your business might be eligible.
- This is true, and the business loans have different amounts and requisites that fit into different categories.
d. The maximum amount available to your business will depend on the specific SBA program for which your business qualifies.
- This statement is correct since not every business is the same, some types of business will require larger amounts than others.
Explanation:
Answer:
Tamarisk Company
Partial Balance Sheet
December 31, 2020
Current Liabilities:
Notes Payable $8,000
Long term debt
Notes payable refinanced in February 2021 $1,224,400
($1,232,000 - $8,000)
Answer:
Option B
Explanation:
Fixing the wage rate above the market equilibrium rate will disturb the demand and supply equilibrium of labor resource.
Wage rate above market will make labor as a resource costly for business and hence, there is possibility that the demand for labor will lower down. Thus, the supply of labor will get low.
Hence, option B is correct