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Mekhanik [1.2K]
3 years ago
14

In order to start a small business, a student takes out a simple interest loan for $8,000 for 9 months at a rate of 7.50%. How m

uch interest must the student pay PLEASE HELP NOW
Business
1 answer:
anygoal [31]3 years ago
6 0

Answer:

$450

Explanation:

To calculate simple interest, we apply the formula

I= P x r x t

Where I = interest

P= principal

r= interest rate

t= time in years

In this case, p=$8,000, r= 7.50% or 0.075, t= 9 months or 9/12 years which is 0.75 years

I =$8000 x 0.075 x 0.75

I= $600 x 0.75

I=$450

Interest is  $450

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Assume that a Parent owns 80 percent of a Subsidiary that has 6 percent preferred stock outstanding with a reported par value of
DiKsa [7]

Answer:

Consolidated net income attributable to the noncontrolling interest $14,760

Consolidated net income attributable to the controlling interest $320,040

Explanation:

Computation of the amount of consolidated net income attributable to the noncontrolling interest and the amount of net income attributable to the controlling interest.

CONSOLIDATED NET INCOME attributable to the noncontrolling interest

First step is to find the Divide amount

Dividend =6% x $720,000

Dividend= $43,200

Second Step is to find the Net Income from Subsidiary

Net Income from Subsidiary= $117,000-$43,200

Net Income from Subsidiary=$73,800

Last step is to calculate consolidated net income attributable to the noncontrolling interest

Noncontrolling interest =$73,800 x 20%

Noncontrolling interest = $14,760

NET INCOME attributable to the controlling interest

First step is to find the controlling interest amount

Controlling interest=80% x $73,800

Controlling interest= $59,040

Last step is to find the Parent company income

Parent company income= $261,000 + $59,040

Parent company income= $320,040

Therefore Consolidated net income attributable to the noncontrolling interest is $14,760 while the Consolidated net income attributable to the controlling interest is $320,040

4 0
2 years ago
​______ is a process in which an impartial third party helps those involved in a dispute reach an agreement.
Lostsunrise [7]

Answer:

Mediation

Explanation:

Mediation is the process in which an impartial third party help those involved in a dispute reach an agreement.

Mediation is the process which help the parties to settle at their disputes. The mediator is the one who do meeting with the parties separately or have joint sessions which help him to bring the disputed parties on one point. Mediation involves various steps:

  1. Mediator introduction
  2. Disputed parties statements
  3. Joint meetings and discussion
  4. Private meetings of mediator with parties
  5. Converge the parties on single point (Negotiation)
  6. Sign agreement ( Closing the agreement)
3 0
3 years ago
What factors contribute to commerce
Burka [1]

Different factors contribute to commerce including the export and import of a country, their ease of doing business  and their own situation in the market.

Explanation:

The factors that affect commerce are the ones that dictate the face of a given market. if the market is considered easy to trade in then the commerce is supposed to be easy and smooth flowing

This is hampered by laws and the import and export tariffs of a country. The more inviting these are the more commerce happens in a place.

It also depends on how many businesses are able to function in the setup and the more businesses there are the more commerce happens in the end.

3 0
2 years ago
What is important to remember when asking a person to be part of your employment network?
AVprozaik [17]

The important thing to remember when asking a person to be a part of your employment network is that to always to think that an individual has their own strength and weaknesses and it’s up to you to take note whether it is an asset to the company.

3 0
3 years ago
Proponents of rational expectations argued that the sacrifice ratio:______.a. could be high because people might adjust their ex
Arte-miy333 [17]

Answer:

b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible

Explanation:

In the given situation, it is mentioned that the rational expectations proponets said that the sacrified ratio would be lesser as the people wants to adjust their expectations in a fastest way in the case when they found that the anti-inflation policy is credible

Therefore as per the given situation, the option b is correct

3 0
3 years ago
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