Answer:
Never, you will continue to be in debt
Explanation:
the interest per month are 1% of the unpaid amount:
3,000 x 1% = 30 interest per month
the minimum payment is 30 dollars
Therefore, by doing the minimum payment we are just coering the interest generated per month we are not doing any amortization on the principal Hence we cannot repay the debt.
<span>Any sort of skill or experience that demonstrates talents, or lack thereof, that contradict the necessary skills and inclinations of a reporter. These would include illiteracy, disorganization, lack of curiosity, excessive shyness, failure to follow through or follow up, naivete or blind allegiance, and dishonesty.</span>
The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.
<h3>What is an inferior good?</h3>
An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.
- The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse.
Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.
Learn more about inferior goods here:
brainly.com/question/6039968
Answer:
The Journal entry with their narrations is shown below:-
Explanation:
The Journal entry is shown below:-
Cash Dr, $1,200
Notes Receivable Dr, $2,800
To Accounts Receivable -R. Roy $4,000
(Being office supply of Vikram is recorded)
Therefore for recording the office supply we simply debited cash and notes receivable and credited the accounts receivable
Answer:
She violated the duty of loyalty
Explanation:
One of the fiduciary duties of a director is to always act in the best interest of the company .
Similar to this is the duty of loyalty that prevents the director from acting against the interest of the company and also guide the director against activities that could bring conflict of interest whereby he is involved in reaping personal benefits from the position she occupies .
This describes Wendy's action of personal dealing based on her position as the president of Kite sale
