Answer:
Explanation:
Interest expense refers to charges paid for borrowing money. It is the money that a lender charges borrower for borrowing money from him. In the income statement, it represents interest to be paid on borrowings such as bonds, loans, convertible debt or lines of credit. It is calculated as product of the interest rate times the outstanding principal amount of the debt.
Given that:
Moonbooks received $79,380 = principal amount of debt (P)
The interest rate (r) = 8% annually = 0.08.
Interest expense payable for 2018 (first year) = P × r = $79380 × 0.08 = $6350
For the second year i.e 2019 The principal amount of debt = $79380 + $6360 = $85730
Interest expense payable for 2019 (second year) = P × r = $85730 × 0.08 = $6858
You are complying with the norm of reciprocity. The norm of reciprocity is a type of social norm that requires a person to understand the need to respond other person's favor by returning the benefits given from that favor. This type of norm is being studied by the organization. The organization uses the perceived organizational support and perceived psychological contract violation for the measuring tool<span>.</span>
The correct amount of loan that shall be required by Cindy to restore her collectible car will be $13483.15. So, the correct option that matches with the statement is D.
Such amount required by Cindy can be calculated with two simple calculations that will help determine what is the actual cost of her restoration of collectible car.
- Collateral is considered to be the value of security in asset class which are liquid in nature to be presented in the custody of the creditor for securing any loans or financial help.
- The collateral to be presented to the bank can be calculated with the formula as below,
- Now we have been the information that the total cost of restoration is $12000 and the bank has offered 89% of her collateral value to secure such amount of loan.
- Putting the given values in the formula below as,
- So, it is clear that the Cindy will have to secure collateral equivalent to the value of $13483.15 for getting the amount of restoration of her collectible car in full.
Hence, the correct option is D that Cindy will have to keep $13483.14 with the bank to cover the cost of restoration of her car.
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brainly.com/question/11794123
Answer: Incubator
Explanation: Incubator can be defined as a place made available to new small firms of a specific industry. In such places, specifications are made in such a way that these firms could operate easily and efficiently.
In the given case, Nidus center has biotechnology companies that are operating at different levels.
Hence, we can say that the center is a business incubator.
Answer:
Explanation:
From the information given:
So, Income elasticity =
= 1.45 which is greater than 1
It is positive → i.e. Normal good
The cross elasticity =
= 0.0049 which is greater than 0
It is positive → hence they are substituents.