From the information given, the balance that will be in the capital account of Thurman at the end of the second year will be $132860.
The partners account at the end of the second year for Thurman will be calculated thus:
- Beginning capital = $126100
- Add: Net income = $19760
- Less: Drawings = $13000
Therefore, the balance in the account will be $132860.
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<span>Having a good, positive attitude, along with positive thinking, at work will reflect on what you do and make you a more productive employee. This can determine how well you get your projects done and also how others perceive you. If you display a good attitude, you may increase your chances for a promotion or a raise if you are a positive role model for others within your department at work.</span>
An open-end mutual fund cannot be bought from the securities market via a contractual savings plan, as investment is made for a predetermined period during this.
<h3>What are open-end mutual funds?</h3>
Mutual funds, which are open-end, are easily available to be bought by any person who wishes to invest a part of his capital into such asset classes are called open-end mutual funds.
They can be bought voluntarily and have no lock-in periods, and thus are readily available to be bought and sold in the secondary market.
The reason a contractual savings plan cannot be used to buy open-end mutual funds is because such saving plans have lock-ins and are subject to be invested for a fixed period.
Hence, option D; a contractual savings plan cannot be utilized for the purpose of purchasing an open-end mutual fund.
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The amount of finance charges for the loan amount of $6,500 is $<em><u>17.15</u></em>
The finance charge is the extra amount for holding the loan amount until the maturity period. It is mostly the interest amount paid on the entire loan amount.
Computation:
Given,
Principal Amount =$6,500
Interest rate =9.5%
Period of compounding =36 months
First, the annuity formula will be used to determine the entire future value:
Now, the finance charge will be determined by the difference between the Annuity amount and Principal amount.
Therefore, the finance charge is $17.15 is not mentioned in any of the given options.
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Answer:
2. Word of mouth promotion
Explanation:
Word of mouth is a form of advertisement or promotion in which satisfied customers go around telling other people how much they like your products or services. It is an unpaid form of marketing that is triggered by positive customer's experiences. Here, Ms McNick classes is enjoying from word of mouth form of promotion, because satisfied students have gone around saying she's the best teacher on campus. It is one of the easiest ways to spread a business. It is dependent on product/service quality and customer's satisfaction.
