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Kaylis [27]
3 years ago
8

How do banks make a profit?

Business
1 answer:
fiasKO [112]3 years ago
8 0
Banks make a profit by c. charging interest
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In 2017, Blake purchased a new home. In addition to the purchase price of $200,000, he paid $700 in legal fees and $2,000 in rec
slavikrds [6]

Answer:

$207,700

Explanation:

Blake's basis in his home in 2017 = purchase price + legal and administrative fees = $200,000 + ($700 + $2,000) = $202,700

Since the deck that Blake added to his home is considered an improvement that is permanent and increases the home's value, it will also increase the home's basis = $202,700 + $5,000 = $207,700

5 0
3 years ago
You just took out a​ $12,000 loan for your small business. the loan has a four year term and repayment is in the form of four eq
umka2103 [35]
Answer:  $403.20

Explanation:


We use a mortgage calculator to calculate the interest paid in the final payment. Since each repayment is made at the end of year, the repayments are annual payments. So, the calculator should have an annual amortization schedule to solve the problem.

I used http://www.calculator.net/loan-calculator for the calculation because it has an annual payment schedule. Then, I went under the subtitle Paying Back a Fixed Amount Periodically because the payments are equal. In that online calculator, I just input these data:

- Loan Amount: $12,000
- Loan Term: 4 (Loan term is number of years to pay the loan)
- Interest Rate: 11.5%
- Compound: Annually (APY) 
- Pay Back: Every year

Then, I clicked the calculate button and view amortization table. The annual amortization schedule is attached in this answer. 

To determine the interest paid at the final payment, I looked at payment #4 because the final payment is at the 4th year. (The loan is paid in 4 annual payments).

As seen in the attached image, the interest paid in payment #4 is $403.20. Hence, the interest paid in the final payment is $403.20.

3 0
3 years ago
Dab Corporation was organized on January 1, Year 1. During Year 1, Dab had the following transactions relating to shareholders'
lisov135 [29]

Answer:

The total shareholders’ equity at the end of Year 1 is $487,400

Explanation:

The computation of the ending total shareholders’ equity is shown below:

= Common stock value in exchange of cash + net income + net holding gains - dividend paid

= $442,400 + $98,000 + $1,000 - $54,000

= $487,400

While calculating the ending balance of shareholder equity we added the net income, net holding gains and deducted the dividend paid to the common stock value amount

6 0
3 years ago
Which LIKE operator would match a single character?<br> ?<br> []<br> #
sdas [7]

The percentage sign represents zero, one, or a couple of characters. The <u>underscore </u>represents a single wide variety or a character. The wildcard character, the <u>underscore,</u> would match a single character.

<h3>What do you know about LIKE logical operator?</h3>

SQL Server LIKE is a logical operator that determines whether a character string fits in a separate sample. A pattern may also include ordinary characters and wildcard characters.

The LIKE operator is used withinside the WHERE clause of the SELECT, UPDATE, and DELETE statements to clear out rows primarily based totally on sample matching.

Thus, Underscore(_)LIKE logical operator would match a single character.

learn more about LIKE logical operators here:

brainly.com/question/24833629

#SPJ1

6 0
2 years ago
What information is the buyer entitled to?
erastovalidia [21]

Answer:

notbuiseness

Explanation:

7 0
3 years ago
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