1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Taya2010 [7]
3 years ago
5

A loan is borrowed money that must be returned. True or False?

Business
1 answer:
damaskus [11]3 years ago
7 0

Answer:

This statement is tru depending on the the type of loan it is.

Explanation:

You might be interested in
PC​ Bell, a computer manufacturer that sells computer systems directly to​ customers, buys a computer chip for ​$150​, software
Stella [2.4K]

Answer:

The price is $1,540      

Explanation:

The reason is that the profit share is $1,100 and the cost includes computer chip, software and printer which are worth $150, $250 and $40.

The price can be calculated using the following formula:

Price - Cost = Profit

Here profit is $1100 and cost is $440 (150+250+40)

By putting the values we have:

Price - $440 = $1100

Price = $1100 + $440 = $1540

6 0
2 years ago
Isabella files her income tax return 35 days after the due date of the return without obtaining an extension from the IRS. Along
forsale [732]

Answer:

a. Failure to pay penalty = 400

b. Failure to file penalty = $4,000

Explanation:

The monthly rate for failure to pay penalty is 0.5% while the failure to file penalty.

Since it is assumed that there are 30 days in a month, the 35 days after the due date of the return without obtaining an extension from the IRS is will be counted as 2 months regardless of the fact that the second month is just 5 files when she filed.

Therefore, we have:

a. Failure to pay penalty = $40,000 * 0.5% * 2 = 400

b. Failure to file penalty = ($40,000 * 5% * 2) = $4,000

c. Total penalties = (Failure to file penalty - failure to pay penalty for the same period) + Failure to pay penalty = ($4,000 - $400) + $400 = $4,000.

Therefore, the total penalty Isabella will pay is $4,000.

5 0
3 years ago
Sheridan Company issued $6,500,000 of 6%, 10-year bonds for $5,614,000. The straight line method of amortization is to be used.
Mrac [35]

Answer:

The solution of the given query is explained throughout the segment below.

Explanation:

The given values are:

Company issued amount,

= $6,500,000

Rate of interest,

= 6%

Time,

= 10 years

Now,

On bonds payable amortization, the discount will be:

= \frac{6,500,000 -5,614,000}{10}

= \frac{886,000}{10}

= 88,600 ($)

Interest expenses will be:

= (6,500,000\times 6 \ percent) + 88,600

= 390,000+88,600

= 478,600 ($)

5 0
3 years ago
Consider the market for mobile applications, smartphones, and conventional phones. Each pair are they complements or substitutes
madam [21]

Explanation:

Complements and Substitutes are basically the goods or services. Complements are the goods which are used with one another, and with the increase of price of one good, the demand of other good falls. On the other hand, substitutes are the goods which are used in place of other goods and with the increase in the price of one good, the demand of other product increases.

In this question, Mobile Applications and Smart Phones are Complements, and Smart Phones and Conventional Phones are Substitutes, and Mobile Applications and Conventional Phones are substitutes.

5 0
3 years ago
West africa has tropical wet and dry forests, also known as tropical ________ forests, which receive rainfall for several months
galina1969 [7]
The answer to this question is rain.
3 0
3 years ago
Other questions:
  • A firm has a formal, written guide regarding its zero-tolerance attitude toward sexual harassment and the consequences of its vi
    12·1 answer
  • Which describes the process of diagnosing an organization's external and internal environments, including deciding on a vision a
    13·1 answer
  • In order to improve? readability, one must avoid? __________.
    6·1 answer
  • McGuire Company acquired 100 percent of the voting common shares of Able Corporation by issuing bonds with a par value and fair
    15·1 answer
  • Of all leadership variables, _____ leadership is the one most universally endorsed across cultures.
    10·1 answer
  • Suppliers produce two goods, cheese and butter. Assume that there is no cost to switch resources from cheese production to butte
    8·1 answer
  • Help hep help help help
    9·1 answer
  • You will need to revise your budget to account for a car payment. Which expense category would be the most difficult to change o
    6·1 answer
  • Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to:____.
    12·1 answer
  • according to one-period model of macroeconomics which of the following statements is correct about an economy engaging in a war
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!