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2 years ago

Phil deposits his money in the bank and earns _. The bank uses part of Phil's money to make _.

Business

2 answers:

abruzzese [7]2 years ago

8 0

Answer:

Interest, Loans

Explanation:

In the following situation, Phil gets an interest amount in his credited balance in his bank, and the bank uses Phil's credit money to provide loans to others and get benefited.

Bank's basic function is to take money from His account holder and invest the money on higher interest rates as a loan to others and take to get benefited.

luda_lava [24]2 years ago

3 0

Answer:

the correct answer is interest, loans

Explanation:

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A person who buys stocks to make a little extra money consistently each year would be said to be doing so for __________________

blondinia [14]

Answer:

Investment

Explanation:

To invest is to allocate money in the expectation of some benefit/return in the future.

3 0

2 years ago

Calculate the ROI dollar amount and percentage for these example investments. a. You invest $50 in a government bond that says y

Naily [24]

Answer:

a. ROI Dollar Amount $4; ROI percentage = 8%.

b.ROI Dollar Amount $15; ROI percentage = 15%.

a. We have:

Initial investment $50

Amount at year end $54

ROI Dollar Amount $54 -50 = 4$

ROI Percentage $\mathbf{ \frac{4}{50} * 100 = 8%}$

Initial investment $100

Amount at year end $115

ROI Dollar Amount $115 -100 = 15$

ROI Percentage $\mathbf{ \frac{15}{100} * 100 = 15%}$

8 0

3 years ago

Acme published a story about Paul, and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive

Marrrta [24]

Answer:

all these are included in the gross income

Explanation:

given data

damages = $36,250

emotional distress = $10,100

punitive damages = $58,200

to find out

What amount must Paul include in his gross income

solution

we know according to the tax laws that specify only payment on account of (1) physical injury and (2) physical sickness is non taxable

so here taxpayers receive

damages

emotional distress

punitive damages

they are not associate with the physical injury so all these mentioned are not covered in physical damages

so we can say that all these are included in the gross income

4 0

3 years ago

Vaughn Manufacturing purchased equipment for $12240 on January 1, 2017. The company expects to use the equipment for 5 years. It

tresset_1 [31]

Answer:

Accumulated Depreciation as on 31st December 2017 is 2448

Explanation:

Depreciation using straightline method=Cost of equipment-salvagevalue

useful life of the asset

Depreciation = 12,240-0

5years

Depreciation on 31st December 2017 = $2448

3 0

3 years ago

What is a good way to narrow down possible career choices?

spayn [35]

A good way to narrow down possible career choices might be researching the possible ones to see which one suits you more.

6 0

3 years ago

Read 2 more answers

Phil deposits his money in the bank and earns _____. The bank uses part of Phil's money to make _____.

Phil deposits his money in the bank and earns _. The bank uses part of Phil's money to make _.