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nasty-shy [4]
2 years ago
12

Wally is employed as an executive with Pay More Incorporated. To entice Wally to work for Pay More, the corporation loaned him $

21,000 at the beginning of the year at a simple interest rate of 1.5 percent. Wally would have paid interest of $3,780 this year if the interest rate on the loan had been set at the prevailing federal interest rate.
a. Wally used the funds as a down payment on a speedboat and repaid the $36,000 loan (including $360 of interest) at year-end. Does this loan result in any income to either party, and if so, how much?b. Assume instead that Pay More forgave the loan and interest on December 31. What amount of gross income does Wally recognize this year?
Business
1 answer:
posledela2 years ago
6 0

Answer:

Paymore: 2400 Wally: 2200

Explanation:

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Answer: (C) Ethical climate

Explanation:

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The main purpose of the ethical climate in an organization is that it helps in maintaining the values, principle and the moral of the company employees.

According to the given question, the Pi's pizza is one of the restaurant that maintain the ethical climate by follow the various types of ethical policies. Therefore, Option (C) is correct answer.  

7 0
3 years ago
Research indicates that investors who closely monitor their portfolios and trade quickly in response to minor fluctuations in pr
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B. underperform those who hold investments for the long term and trade infrequently.

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4 0
2 years ago
OK YALL IM AT STARBUCKS WHAT YALL WANT ;D
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Frappuccino please i crave caffeine
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3 years ago
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The following data is available for Blaine Corporation at December 31, 2012: Common stock, par $10 (authorized 25,000 shares) $2
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Answer:

a) b.20,000

b) b.20,000

Explanation:

a) Number of common stocks issued = 200,000/10

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So, 5000 stocks remain with company.

Number of common stocks outstanding = 20000

b)  b. 20,000                                                                

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I want KSI to win against jake paul.
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