Answer:
The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.
If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020
for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40
Answer:
the correct answer is
The price and the real GDP both fall
Answer:B.dividing the cost budgeted for each activity pool by the estimated activity base for that pool.
Explanation: Product costing is a term used in Manufacturing to describe the process through which the total cost of Manufacturing a product is determined.
Activity based costing is a costing method that gives manufacturers the opportunity to cost the product by determining the cost of each activity involved in the Manufacturing process of that product.
ACTIVITY RATE IS EQUAL TO THE RATIO OF BUDGETED ACTIVITY COST OF THE COST POOL AND THE ESTIMATED OR BUDGETED ACTIVITY BASE OF THE COST POOL.
It should be noted that a country whose consumers are less likely to purchase nonessential products because they have a low per-capita income is considered to be Less developed country.
<h3>What is a Less developed country?</h3>
Less developed country can be regarded as this countries that have low per-capita income.
Most of the time , their consumers are less likely to purchase nonessential products.
Learn more about Less developed country at:
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Work experience, skills, awards, education and training, the objective
