The maximum amount of interest payable that may be included on the balance sheet of the debt service fund of sue city on June 30 would be 150k.
the maximum amount of interest payable on the balance sheet = 5000000×6%/2 = 150000
In finance and economics, interest is payment from a borrower or deposit-taking economic group to a lender or depositor of a quantity above compensation of the major sum (this is, the amount borrowed), at a particular rate. it's miles awesome from a charge that the borrower may additionally pay the lender or some 0.33 celebration. it is also wonderful from a dividend that is paid with the aid of an enterprise to its shareholders (proprietors) from its income or reserve, but no longer at a selected price decided beforehand, alternatively on a pro-rata foundation as a percentage within the praise gained through hazard taking marketers whilst the sales earned exceeds the whole fees.
As an example, a patron might generally pay interest to borrow from a financial institution, so they pay the financial institution a quantity that is more than the amount they borrowed, or a customer can also earn interest on their savings, and so they'll withdraw greater than they at first deposited. In the case of financial savings, the customer is the lender, and the financial institution performs the role of the borrower.
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The requisite elements that must be established to demonstrate the formation of a legally binding contract are (1) offer; (2) acceptance; (3) consideration; (4) mutuality of obligation; (5) competency and capacity; and, in certain circumstances, (6) a written instrument.
The various types of shocks that will be caused are:
- A leftward shift in the AD curve - Negative demand shock.
- A leftward shift in the SRAS curve - Negative supply shock.
- A rightward shift in the SRAS curve - Positive supply shock.
- A positive shift that leads to a higher aggregate price level. - Positive demand shock.
- A rightward shift in the AD curve - Positive demand shock.
- A negative shift that leads to a lower aggregate price level - Negative demand shock.
- Stagflation - Negative supply shock.
- A negative shift that leads to a higher aggregate price level - Negative supply shock.
- A positive shift that leads to a lower aggregate price level - Positive supply shock.
<h3>What causes shocks in the economy?</h3>
When there is a change in the components of demand or supply, there will be a shift in the Aggregate Demand and Supply Curves to show that either demand or supply has changed as a result.
For instance, if there is a weaker harvest for a crop, there will be a leftward shift in the SRAS curve which would lead to a negative supply shock.
In conclusion, supply and demand are prone to shocks.
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