Answer: The formula for simple interest is I=PxRxT. The calculations for each is below.
Explanation: The formula for simple interest is Interest = Principal x Rate x Time. In order solve for each of these variables you need to plug each into the formula.
40,000 x .07 = $2,800
50,000 x .07 = $3,500
60,000 x .07 = $4,200
70,000 x .07 = $4,900
80,000 x .07 = $5,600
90,000 x .07 = $6,300
40,000 x .09 = $3,600
50,000 x .09 = $4,500
60,000 x .09 = $5,400
70,000 x .09 = $6,300
80,000 x 09 = $7,200
90,000 x .09 = $8,100
Answer:
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Explanation:
Answer: $1,365.91
Explanation:
Shortfall = Expected GDP - Actual GDP
Expected GDP in 2009 is based on the premise that the economy has grown by 3% since 2007.
Expected GDP in 2009 will therefore be;
= 15,762 * ( 1 + 3%)²
= $16,721.91
Shortfall = 16,721.91 - 15,356
= $1,365.91
Answer:
Journal Entries
Apr 08 Debit Bank $5,760 Debit Service charges $240 Credit Revenue $6,000
Debit Cost of goods sold $4,434 Credit Inventory $4,434
Apr 12 Debit Accounts Receivable $7,020 Debit Service charges $180 Credit Revenue $7,200
Debit Cost of goods sold $4,666 Credit Inventory $4,666
Apr 20 Debit Bank $7,020 Credit Accounts Receivable $7,020
Explanation:
Judging by the last transaction, The business first requires deposits from Continental card's bank hence the receiving of check at a later stage.
A sole proprietor has unlimited personal liability for all business debts and obligations.
<h3>Who is a
sole proprietor?</h3>
A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.
A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.
To learn more about sole proprietorship , please check: brainly.com/question/1428023
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