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scoray [572]
2 years ago
11

Joshua borrowed $1,000 for one year and paid $100 in interest the bank charged him a service charge of $10 what is the finance c

harge on this loan
Business
1 answer:
andrew-mc [135]2 years ago
3 0

Answer:

1000-100-10 = 890 dollars left

He needs 110 dollars to pay the money he borrowed back.

Explanation:

hope this helps

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At September 1, 2017, Five-O Inc. reported retained earnings of $136,000. During the month, Five-O generated revenues of $20,000
Ahat [919]

Answer:

correct answer is $142,000 credit

Explanation:

given data

retained earnings = $136,000 credit

revenues = $20,000

expenses = $12,000

purchased equipment = $5,000

paid dividends = $2,000

solution

we get here first net income that is

net income = revenues  - expenses  ...........1

net income = $20,000 - $12,000

net income = $8,000

now we get here balance in retained earnings that is

balance of retained earning = Retained Earnings + net income - dividends ..........2

balance of retained earning = $136,000 + $8,000 - $2,000

balance of retained earning = $142,000  credit

 so correct answer is $142,000 credit

4 0
3 years ago
Suppose the government passes a law eliminating holidays and, as a result the production of goods and services increases because
dedylja [7]

Answer:

The correct answer is GDP would definitely increase because GDP excludes leisure.

Explanation:

The GDP does not measure the level of development of a country, nor does it measure the quality or level of its educational system or its health. Come on, that the quality of life in general is not measurable by GDP, although it is true that countries with a higher GDP per capita can afford better health or education services, as well as better infrastructure and services in general.

It does not measure the state of the environment or the damage caused to it or natural resources by the economic activity carried out. In other words, GDP does not report externalities, that is, it does not reflect the total social benefits and costs derived from economic activity.

GDP does not measure the quality of the goods and services produced. The GDP figures are only numbers that do not take into account exactly what is being produced or what is the quality of what is produced. This prevents, for example, comparing production between different eras. Does a computer add up to GDP now than in the 80s? The answer is no. Does a country of services add up to an oil exporter? The answer is also no.

It ignores the value of elements that contribute to maintaining the level of well-being of the population, such as leisure or freedom. In freer countries or in which its inhabitants have more leisure time and better options in which to invest it, well-being is much greater.

6 0
3 years ago
At a dinner, the meal cost $22.00 and a sales tax of $1.87 was added to the bill. What is the tax rate for meals in this city
guajiro [1.7K]

Answer:

1.87/22 = 0.085 = 8.5%

Explanation:

please mark me brainliest or give like

4 0
2 years ago
What are examples of withdrawals from the circular flow of income? Check all that apply. A sharp increase in taxes affects many
Readme [11.4K]

A sharp increase in taxes affects many middle-class families.

A sports-apparel company cuts jobs as a result of slow sales.

A fast-food chain goes out of business and shuts down all of its restaurants.

Explanation:

The circular income or circulated flow is a model for the economy where the big transactions between the market participants are represented as cash flows, goods and services, etc. The cash and goods flows transferred in a closed circuit complement the interest but are going in the reverse direction.

Retirements are factors in an economy that escapes from distributed labor flows and reduces national income sizes.

Withdrawals include: savings, taxes and imports.

6 0
3 years ago
Read 2 more answers
Janice started receiving an annuity payment of $1,500 per month when she turned 68 years old (expected return multiple for ordin
givi [52]

Answer: 71% or $12,780 annually.

Explanation:

To find the amount of the Annuity that represents a return on Capital each year you divide the cost of the Annuity by the total amount of the Annuity to be received if the single life annuity is used to the fullest.

First then, we would need to calculate the full value of the Annuity.

Janice expects to get $1,500 per month for 17.6 years.

That means the total value would be,

= 1,500 * 12 months * 17.6 years

= $316,800 is the Total Annuity Receivable.

Calculating the return on Capital we will have,

= Cost of Annuity / Total Annuity Receivable

= 225,000 / 316,800

= 0.71022727272

= 71%

Monthly calculated that would be,

= 0.71 (1,500 * 12)

= $12,780

The return on Capital is 71% or $12,780 annually.

8 0
3 years ago
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