Answer:
C. Simple interest.
Explanation:
Simple interest is money earned by depositing some amount of money in a bank account or an investment account. The amount gained in the simple interest results from the money deposited only (the principal amount). Simple interest earns a constant amount for the entire period of savings or investment as long as the interest rate and the principal amount remain unchanged.
Simple interest is unlike compound interest. In compound interest, the interest earned in a period is added the deposit to make a larger principal amount. Renee is earning simple interest because her earnings are from the principal amount only. Since she is withdrawing her interests as they are earned, meaning her deposits remain the same. She is not allowing her earnings to be compounded with the principal amount to generate more earnings.
Answer:
d.6.5
Explanation:
The formula to compute the times interest earned ratio is shown below:
Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)
where,
Earnings before interest and taxes = Income before income tax for year + Interest
= $550,000 + $100,000
= $650,000
And, the interest expense = Bonds payable × rate of interest
= $1,000,000 × 10%
= $100,000
Now put these values to the above formula
So, the ratio would equal to
= $650,000 ÷ $100,000
= 6.5 times
Answer:
c. substantive due process
Explanation:
The substantive due process is related to the prohibition of state governments to deprave someone from liberty, life or property, without the due process of law. In this example, it is stated that the Delaware statute has ignored the substantive due process by implicating a discrimination of people broadcasting radio commercials. This is opposing the premise of the substantive due process.
Answer:
Fred's seniority is a good defense for Grange
Explanation:
Based on the situation at hand and the details provided within the question it can be said that in Ellen’s suit against Grange for discrimination, most likely Fred's seniority is a good defense for Grange. Since Fred has been working at Grange Storage for a long time then Fred also has a right to claim that opening for himself.
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Answer:
the statement of comprehensive income
Explanation:
The statement of comprehensive income refers to a summary in which the net assets are to be recognized for a particular period of time. It shows the adjustments made to the equity that would be highlighted also. Plus the net income could be determined by preparing an income statement
Therefore in the given case, the changes that are made in the stockholder equity would be come under the comprehensive income statement and the same is to be considered
