Answer:
- $140
- $14,140
Explanation:
1. First find the net amount amount the company borrowed in April:
= Cash balance to be maintained + Loan repayment - Budgeted end of April balance
= 37,000 + 1,000 - 24,000
= $14,000
Interest = 14,000 * 12%/ 12 months
= $140
2. Financing effect:
= Amount borrowed + Interest
= 14,000 + 140
= $14,140
<span>Consumer Financial Protection Bureau (CFPB)</span>
The rapidly increasing number of patrons of Phoenix, a coffee shop chain and their recent opened 400 stores to cater it, exemplifies market penetration, where the measurement of their product acceptance or sales is high compared to the total market for that product.
B. Ordering programs for a high school musical.
Each of the other answer choices requires an exact number because there are laws regarding paying yearly taxes based on exact income, a cashier will only sell you a meal for exactly the amount that they want to charge, and the maximum number of basketball players allowed on the court is standardized through rules for playing the game. Ordering programs can be an estimate.
