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Radda [10]
2 years ago
8

The main difference among different types of business letters is

Business
1 answer:
Zielflug [23.3K]2 years ago
7 0
<span>The main difference among different types of business letters is that how some parts of the letter are indented from the left side of the margin. Business letters are the letters that were written between two organizations, between organization and a customers and clients.</span>
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You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $4,250 with low monthly pay
Kobotan [32]

Answer:

73 months

approximately 6 years

Explanation:

The period of time it would take to pay off the loan can be determined using excel nper function as below:

=nper(rate,pmt,-pv,fv)

rate is the interest expressed in monthly terms which is 15.3%/12

pmt is the amount payment per month i.e $90

pv is the amount of loan which is $4250

fv is the balance of the loan after all payments have been made i.e $0

=nper(15.3%/12,90,-4250,0)= 73 months

73 months/12 months=approximately 6 years  

8 0
3 years ago
Pls help me and merry Christmas
ser-zykov [4K]

Answer:

monthly

Explanation:

8 0
2 years ago
Read 2 more answers
Gary invested $1,000 in large U.S. stocks. This investment earned 15.05 percent in 2012, 33.35 percent in 2013, 11.50 percent in
anyanavicka [17]

Answer:

The answer is: Average return Gary earned is 14.97%.

Explanation:

Please find the below for detailed explanation and calculations:

The total increase of Gary's investment in large U.S. stocks from 2012 to 2015 is calculated as : (1+15.05%) x (1+33.35%) x (1+11.50%) + (1+ 2.10%) = 1.747 times. That is, he will get 1,000 x 1.747 = $1,747 at the end of 2015.

The average return of Gary's investment in large U.S. stocks from 2012 to 2015 ( 4 year period) is: [ (The fourth root of 1.747) - 1] x 100% =14.97%.

8 0
3 years ago
Q. prepare journal entries from the following business transaction?
makvit [3.9K]

Answer:

Fuel is an expense and the fact that it was not paid off immediately means that it is an amount owed to Western Oil thereby making it an Accounts Payable.

Journal entry is:

Date                Account title and Description                    Debit              Credit

                        Fuel Expense                                            $4,360

                        Accounts Payable                                                           $4,360

5 0
3 years ago
After posting the first closing entry to the owner's capital account, the balance will be increased (decreased) by a.revenues fo
BlackZzzverrR [31]

Answer:

b.the net income (net loss) for the period

Explanation:

The owner's capital account is an account that records the proprietor's stake in the business. It shows the current value of the business assets. The owner's capital account is also called an equity account. An increase or decrease in capital or assets is recorded in the account.

If the business generates a profit, the owner's equity increases, a loss reduces owners' assets. At the end of the period, the business has to prepare an income statement showing the net gain or loss. The gain or loss will be posted on the owner's capital account.

8 0
2 years ago
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