Steve will get $11360 with the process of simple interest.
<h3>what is simple interest?</h3>
Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.
Rate of interest = 14%
principal + interest = $8000
Time = 3 years
Simple interest 
 
Now principal + interest = 8000+3360 = 11360
Therefore, Steve will get $11360.
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Answer:
No impairment loss would be reported 
Explanation:
The computation is shown below;
Impairment loss = carrying value - recoverable amount
Where, 
The recoverable amount would be the higher amount of fair market value and value in use 
So the recoverable amount would be $2,545,000
Now the impairment loss is 
= $2,500,000 - $2,545,000
= -$45,000
Since the impairment loss comes in negative so no impairment would be recorded 
 
        
             
        
        
        
Answer:
Markets are competitive.
Explanation:
In the competitive market, the number of sellers competed with each other in terms of prices, quality, maximize the market share. 
In the given situation, various sellers are competed with each other for meeting out the consumer demands also at the same time it offers the goods at lowest cost and highest quality so that it capture the whole market
Therefore the second option is correct 
 
        
             
        
        
        
The Cultural and behavioural expectations of studying for a degree in business management is to be able to know the relationship and the culture with respect to behaviors of  employees, managers and customers.
<h3>What is cultural behavior in business?</h3>
The cultural behavior in business helps to be familiar with the  employees, managers and customers  and the relationship between them as regards the culture of the business.
This help to know the team's behavior, as well as setting them up to to record success in workplace.
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Answer:
T. 
Communication response time must be faster than in the past to succeed in the modern workplace. TRUE.