Given:
Principal = 16,000
term = 8 years
rate = 6.5%
pre-terminated = 5 years
S.I = 16,000 * 6.5% * 8 years
S.I = 8,320 total interest earned in 8 years
total = 16,000 + 8,320 = 24,320
S.I = 16,000 * 6.5% * 5 years
S.I = 5,200 total interest earned in 5 years
S.I = 3,500 * 6.5% * 1 year
S.I = 227.50 one year's worth of interest on amount withdrawn.
16,000 + 5,200 = 21,200
21,200 - 3,500 - 227.50 = 17,472.50 new principal amount
S.I. = 17,472.50 * 6.5% * 3 years
S.I = 3,407.14 total interest on the remaining 3 years
Total = 17,472.50 + 3,407.14 = 20,879.64
24,320 - 20,879.64 = 3,440.36 less money
Answer:
- The nations
Created regulations that prevent the firms to do something that harmful for the households. This made people in the households able to safely buy their products without worrying much about the materials that is used by the firms.
The nations also create regulations that prevent the firms to conduct malicious/dishonest marketing practices.
- The firms.
Created product that can be consumed by the customers.
These products will be use by the household to fulfill both their basic needs and tertiary needs.
After obtaining a profit, the firms will pay a percentage of their profits to the nations. The nations will use it to fund government programs.
- The household
The household provides the labors that is ued by the firm. They also use the wage of their labors to purchase products that is produced by the firm. A percentage of their wages also taken as taxes for the household.
Answer:
B. successful
Explanation: John F. Kennedy believed that a leader should be _____.
Answer:
B. relating an unknown value or price to another similar known value or price.
Explanation:
Anchoring is the term used to describe a phenomenon where individuals after being exposed to a particular figure (in this case a price) tend to subsequently use that figure as a reference point.
Thereby fixing of future prices will be biased towards this figure.
In this instance an anchor was in place and kept the customers loyal. But when Penney pulled up the anchor, many of the ccustomerswent away.
Answer:
DR Bed Debt Expense $28,245
CR Allowance for Doubtful Accounts $28,245
Explanation:
The Bad Debts expense figure for the year is;
= Accounts to be uncollected - Credit balance in Allowance for doubtful debt account
= 28,750 - 505
= $28,245
Debit this figure to the Bad Debt Expense account and Credit it to the Allowance for Doubtful Accounts.