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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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A dividend is _____.
guajiro [1.7K]
I think it is C.Money a company shares with stockholders.
8 0
3 years ago
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why do many blame high administrative costs as a main contributor to the high cost of healthcare in the us?
Sergio [31]

The bloated Medicare and Medicaid bureaucracy is highly inefficient.

What is bureaucracy?

A complex organization with multilayered systems and procedures is called bureaucracy. Effectively implemented systems and procedures slow down decision-making. They are intended to uphold control and homogeneity inside the company. The use of rules and procedures, whether verbal or written, to manage an organization is known as bureaucracy. In Weber's view, the ideal bureaucracy has a division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations. Bureaucracies that many individuals frequently interact with include state bureaus of motor vehicles, health maintenance organizations (HMOs), financial lending institutions including savings and loans, and insurance firms.

To learn more about bureaucracy click on the given link:

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5 0
1 year ago
Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2013. Company manag
Neporo4naja [7]

Answer:

1) The Investment would be classified as Held-to-maturity securities

2) Journal Entries (in millions)

Debit Investment $170 Credit Bank $140 Credit Discount on investment $30

3) Debit Bank $5.1 Debit Discount on investment $0.5 Credit Interest Income $5.6

4) Debit Fair Value loss $20 Credit Investment $20

5) The investment will be reported at the fair value of $150,000

6) Debit Bank $120 Debit Discount on Investment $29.5 Loss on Investment $0.5 Credit Investment $150,000  

Explanation:

Interest = investment * semiannual interest

6%/2 = 3%

8%/2 = 4%

Bank = $170,000,000*3% = $5,100,000

Interest income = $140,000,000*4%= $5,600,000

Fair Value $150

cost        $170

Fair Value Loss = $20

4 0
3 years ago
Do you think that contracts or other financial instruments that do not have readily available market prices should be accounted
Damm [24]
<span>Fair value is defined as, a rational and unbiased estimate of the potential market price of a good, service, or asset. It takes into account such objective factors as: acquisition/production/distribution costs, replacement costs, or costs of close substitutes.

Since this is an opinion question, either answering yes or no is correct, but you have to say why. 


If I understand the question correctly, and the question isn't missing any parts, I would assume it's asking if you should put value on contracts as a document and other financial instruments. 

I was going to say no, but because contracts can be transferred or used as currency, I would say yes. 

If you say yes I would argue that giving a fair value of the contracts would make them more legal and have more bearing in a place of business.  That it would prevent the fluctuation of value on that contract based on other factors like profit/loss and whether or not you transferred, changed, etc. the contract. I would argue that to protect that contract and other financial instruments, and the holders stake in it, you should create a fair value for it.  

If you say no, I would argue that the contract can already be treated as a form of currency, and because of that it should not have a fair value placed on it.  I would also argue that because contracts often times state the value of that contract within itself, that it should not have a fair value.  And finally, I would argue that because with time, the value of items change, you should not place a fair value on a document that can be changed and can lose or gain value with time based on the purposed information in the contract.
</span>
3 0
3 years ago
There are two main method of release planning, fixed scope and fixed date, which do you think works best for product development
umka2103 [35]

The fixed scope works best for product development because it has to do with the timelines, milestones, and dates of a project.

<h3>What is Release Planning?</h3>

This refers to the tactical document that is used to track a project and its features for an upcoming release.

Hence, we can see that in product development, the use of both fixed scope and date are essential and the concept that works best in my opinion is the fixed scope because it is more concerned with the predictability and control of the project.

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4 0
2 years ago
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