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allochka39001 [22]
3 years ago
7

Universal Travel Inc borrowed $500,000 on November 1, 2018 and signed a twelve month note bearing interest at 6% Principal and i

nterest are payable in full at maturity on October 31, 2018. In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2018 in the amount of: A) $5,000 B) $30,000 C) $25,000 D) $8,000
Business
1 answer:
horrorfan [7]3 years ago
4 0

Answer:

Interest will be $5000

So option (A) will be correct option

Explanation:

We have given principal amount P = $500000

Rate of interest = 6 %

Time is November 1 to December 31

So time = 2 months = 0.1666 year

Interest is given by

Interest =\frac{principal\ amount\times rate\times time}{100}=\frac{500000\times 6\times 0.1666}{100}=$5000

So option (a) will be correct option

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<span>The four factors that determine wage differentials include efficiency in labor, where skilled workers may get higher pay than the unskilled ones; working conditions is another factor, as performing one’s job in dangerous areas may give higher pay to compensate for the risks involved; discrimination also affects the wage rates and said rates may be biased against a certain person or group; lastly, there is the demand for laborers across occupations that vary, and the wage paid may depend on the desirability or the requirements needed for a certain job.</span>

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3 years ago
Ryan wants to work in a factory as a machine operator. What is a basic requirement for this job?
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knowing how to work with heavy machinery


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Assume that the labor market for retail workers is generally unskilled. If a minimum wage is set in the labor market for retail
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Answer:

there will be a surplus of retail workers in this labor market.

Explanation:

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There will be a reduction in the number of available slots for workers.

On the other hand workers will receive higher wage than they expected but since the slots for work are now limited there will be a surplus of labour in the market

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3 years ago
Libby is good at playing the flute and likes the pleasure that music gives to others. as a result, she thinks she might want to
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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.6 percent indefinitely
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price per share of the company's stock is $53.28

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Under dividend growth model a stock is overvalued or undervalued assuming that the firm’s expected dividends grow at a value g forever, which is subtracted from the required rate of return or k.

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