<span>Simple interest is set in place by an interest rate that is multiplied by the total amount of money you have in place. While compound interest is essentially interest on top of your simple interest. It accumulates over time making you more money.</span>
Answer:
How much net income (or net loss) did Sommer experience for the year?
$11000
Explanation:
earning 280000
Expenses salaries 159000
Expenses rent 85000
Expenses Utilities 25000
Net Income 11000
Answer:
(2) word-of-mouth promotion.
Explanation:
Based on the information provided within the question it seems that Ms. McNick's classes benefit from word-of-mouth promotion. This is a type of distribution of information where one person tells another about their experience, and then that person tells someone and so on. This is free promotion garnered based on the experience that one individual may have and can either be positive or negative.
Answer:
Year end Adjusting Entry
Dr. Cr.
1.
Interest Revenue $410
Rent Revenue $410
2.
Property Tax Expense $800
Property Tax payable $800
3.
Service Revenue $3,300
Unearned Service Revenue $3,300
4.
Interest Revenue $300
Rent Revenue $300
5.
Salaries Expense $650
Salaries Payable $650
