Answer:
net income $2,568
Explanation:
Net income = revenues - expense
We will list the revenues and the expenses accounts:
Fees Earned 7,304
Wages Expense 3,335
Rent Expense 844
Utilities Expense 330
Depreciation Expense 160
Miscellaneous Expense 67
Total expenses 4,736
Net Income 2,568
Answer:
1. 11%
2. Yes and it is 6% for the large
3. Entry
4. 5%
Explanation:
Answer:
The penalty will be $133.333 for the early withdrawal.
Explanation:
On a $20,000 earning 4% annually, the amount of interest earned per year is:
$
20
,
000 x 4% = $
800
On a monthly basis, the CD earns:
$
800 / 12 = $
66.667
If the penalty involves a two (2) months worth of interest, then, the penalty for the early withdrawal will be:
2 x $
66.667 = $
133.333
Answer:
The problem of deciding or choosing how to satisfy unlimited wants with limited resources is called economic problem
