yoonah sells a piece of specialized equipment (with a high resale value) used in a business for $41,650 on september 10, 2021. the equipment was purchased on may 20, 2018 for $32,000. yoonah has taken $9,200 of depreciation on the equipment. what are the amount and classification of the gain on the sale by yoonah?
Answers
Option D. The amount and the classification of gain by Yoonah would be $9,200 ordinary income under Section 1245 and $9,650 Section 1231 gain.
How to solve for the amount and the classificationThe ordinary income when we make use of section 1245 is the same as the accumulated depreciation. This is what is given as $ 9,200
Next we would have to solve for the section 1231 gain
This is given as 41650 - 32000
= $9650
Hence the correct answer to the question that we have here has been given as option D.
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Complete question
And section 1231 gain = $18,850 - 9,200 = $9,650.
$9,200 Section 1231 gain and $9,650 Section 1245 ordinary income.
$9,200 ordinary income under Section 1250 and $9,650 Section 1231 gain.
$18,850 Section 1231 gain.
$9,200 ordinary income under Section 1245 and $9,650 Section 1231 gain.
Related Questions
In the long run, a fully anticipated increase in the inflation rate will?A. increase real national output B. increase the nominal interest rate C. decrease real national output D. decrease the real interest rate E. shift the long-run Phillips curve to the right
Answers
Answer:
B
Explanation:
In the long run, the rate of inflation will be determined by two factors: the rate of money growth and the rate of economic growth. Economists generally agree that the rate of money growth is one determinant of an economy's inflation rate in the long run.
What is the main difference between a market and a command economy?
Answers
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
PLEASE HELP !!!
If you are not interested in a particular job, simply ignore efforts the company makes to contact you.
T OR F
Answers
It is false because it's important to maintain a professional and respectful attitude towards potential employers or the company, even if you're not interested in the job. Ignoring their attempts to contact you could harm your professional reputation and future job prospects.
A company is a legal entity that is formed to carry out business activities. It is usually created by a group of individuals who come together to achieve a common goal of providing goods or services to customers in exchange for money.
The purpose of a job provided by the company is to provide individuals with a means to earn a living, develop skills and experience, and contribute to society through their work.
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TIME REMAINING
50:38
Which of these organisms have no seeds and no specialized tissues?
sequoia trees
orange trees
club moss
liverworts
Answers
Answer:
club moss I believe for it is a more simple organism
Answer:
It's D. Liverworts
Explanation:
I took the test on Edge
The RedCap Corporation is committed to social responsibility. It is looking for a new shipping partner and has found LogiSpec, one that seems to be perfect since it employs individuals with disabilities, contributes a portion of profit to the local school system, and allows its employees to work on flextime. RedCap is very interested in LogiSpec’s attention to social responsibility. However, its pricing is almost 12% higher than other shippers RedCap is considering. The fact that RedCap's decision has to balance the company’s desire for social responsibility and investors' desires for profits is an example of a(n) ____ responsibility.
Answers
Answer:
economic responsibility
Explanation:
In this case, economic responsibility is part of corporate social responsibility and it is about balancing the company's operations and performing sustainable practices. For example, in this case, the company wants to work with other companies that are also interested in their CSR, but it cannot afford to pay a price that is much higher than other competitors. Another example is recycling, if recycling materials is simply to expensive, many companies will instead keep buying raw materials. This happens a lot with consumer electronics.
How did Adam Smith's economic beliefs lead to the development of a new economic system?
Answers
Adam Smith was a Scottish economist and philosopher whose ideas on economics had a profound impact on the development of the capitalist system.
Smith believed that free markets, competition, and the division of labor were essential to economic growth and prosperity. In his influential book "The Wealth of Nations," he argued that the government should have a limited role in the economy, and that individuals pursuing their self-interest in a competitive market would lead to the most efficient allocation of resources.
Smith's ideas laid the foundation for the development of a new economic system, known as capitalism, which emphasizes private ownership of the means of production, free markets, and entrepreneurship. Capitalist system has been credited with driving innovation, raising living standards, and promoting economic growth, but has also been criticized for its negative impact on the environment, income inequality, and social justice.
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if oil prices decline, the short-run aggregate supply curve shifts _____ and output supplied will _____.
Answers
If oil prices decline, the short-run aggregate supply curve shifts to the right, and output supplied will increase.
This is because lower oil prices lower the production costs of firms that rely heavily on oil as an input, such as transportation and manufacturing industries. As a result, firms can produce and supply more goods and services at lower costs, leading to an increase in output supplied in the short run.
The shift in the short-run aggregate supply curve to the right also leads to lower prices for goods and services, as firms are able to produce more efficiently. However, in the long run, the increased output supplied may lead to higher prices if the increase in demand exceeds the increase in aggregate supply.
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Which of the following BEST illustrates the cycle of institutional influence? Sony prices its Playstation 5 video game console in accordance with the manufacturer's suggested retail price (MSRP). Coca-Cola informs its customers that it will be releasing a new coca beverage called Starlight, inspired by the flavors found in space. Target's customers begin to refer to routine trips to the store as "going on a Target run." Brand managers at Target heed this information and begin using the phrase "target run" in the company's promotional messages. Nike decides it no longer wants to allow its merchandise to be sold through the Amazon marketplace, and this decision drives a massive increase in the price of Nike goods offered secondhand through the Amazon platform.
Answers
The following option BEST illustrates the cycle of institutional influence:
Target's customers begin to refer to routine trips to the store as "going on a Target run."
Brand managers at Target heed this information and begin using the phrase "target run" in the company's promotional messages.
What is a cycle of institutional influence?
Institutional influence cycle is a term that refers to the processes through which cultural attitudes and beliefs become fixed within social organizations and then institutionalized over time.
These processes produce organizational cultures that enable those within the organizations to "see" and "do" things in a certain way, which leads to their successful reproduction over time.
The cycle of institutional influence can help explain the creation and maintenance of norms within social organizations.
How Target illustrates the cycle of institutional influence?
Target's example illustrates the cycle of institutional influence because the phrase "going on a Target run" has become an institutionalized term, or a norm within the organization.
Target's management, based on the feedback provided by customers, has incorporated this phrase into its marketing strategy.
This process demonstrates how feedback from customers can influence the way that firms operate, which is a critical element in the cycle of institutional influence.
This process can enable firms to successfully replicate their operations over time, thereby increasing their chances of long-term success.
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i am doing in interview for business opportunities around my area what questions should i ask
Answers
Answer: General questionsWhen did you start your business?Why did you decide to become a business owner?What was your mission at the start of your company?How many employees does your company have?What services or products do you offer?How do you advertise your business?
Explanation: i think it’s right
Typical queries include: When did your business begin? Why did you choose to start a business? What was the purpose of your business when it first began? How many people work for your company? What products or services do you provide? How do you promote your company?
What is an interview?An interview is a planned dialogue in which one party asks questions and the other replies. The term "interview" in everyday speech describes a private discussion between an interviewer and an interviewee.
The interviewee replies to queries by the interviewer by typically supplying information. The use of or distribution of that information to other audiences is entirely up to you.
This characteristic is evident in many different sorts of interviews; even when no one else is present during a witness interview or a job interview, the answers will be made available to others later on in the hiring or investigating process. Information can be exchanged in both directions during an interview.
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In what three ways does the government affect production of goods and services in the US economy?
Answers
country a and country b produce the same consumption goods and capital goods and currently have identical production possibilities curves. they also have the same resources at present, and they have access to the same technology.
Answers
At present, neither country A nor country B has a comparative advantage in producing capital goods or consumption goods. However, in the next year, country B is likely to experience a larger outward shift in its production possibilities curve (PPC) compared to country A, assuming other factors remain constant.
Both country A and country B currently have identical production possibilities curves (PPCs), indicating that they can produce the same quantities of consumption goods and capital goods given their available resources and technology. Therefore, neither country has a comparative advantage in producing either capital goods or consumption goods. However, if country A has chosen to produce more consumption goods compared to country B, it suggests that country A is operating at a point inside its production possibilities curve, while country B is producing closer to its full potential. In this scenario, country B is likely to experience a larger outward shift in its PPC during the next year.
The larger outward shift of country B's PPC can be attributed to the fact that it has already been utilizing its resources more efficiently compared to country A. As a result, country B may have more room for growth and expansion in its production capacity, enabling it to experience a greater increase in the production of both capital goods and consumption goods. It's important to note that other factors, such as changes in resources, technology, or external shocks, can also influence the shifts in the PPCs of both countries. However, assuming these factors remain constant, country B would likely experience a larger outward shift in its PPC compared to country A.
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The complete question is; Country A and country B produce the same consumption goods and capital goods and currently have identical production possibilities curves. They also have the same resources at present, and they have access to the same technology.
a. At present, does either country have a comparative advantage in producing capital goods? Consumption goods?
b. Currently, country A has chosen to produce more consumption goods, compared with country B. Other things being equal, which country will experience the larger outward shift of its PPC during the next year?
a. They both have the same advantage.
b. B
Parent Company owns 90% of the outstanding capital stock of Sub Company. During 2021, Sub Company sold merchandise to Parent Company at a markup of 15% of selling price. The selling price of the merchandise sold during 2021 was 88000. At the end of the year, Parent Company had in its inventory one‐fourth of the goods purchased that year from Sub Company. Sub Company reported net income of 50000 in 2021. The noncontrolling interest in consolidated income to be reported for 2021 is
Answers
The noncontrolling interest in consolidated income to be reported for 2021 is $5,625.
To calculate the noncontrolling interest in consolidated income, we need to determine the portion of Sub Company's net income that belongs to the noncontrolling interest. Since Parent Company owns 90% of Sub Company's outstanding capital stock, it implies that Parent Company has a controlling interest of 90% and the noncontrolling interest owns the remaining 10%.
Sub Company's net income for 2021 is reported as $50,000. To find the noncontrolling interest's portion of the net income, we multiply Sub Company's net income by the noncontrolling interest percentage:
Noncontrolling Interest's Share of Net Income = Sub Company's Net Income * Noncontrolling Interest Percentage
Noncontrolling Interest's Share of Net Income = $50,000 * 10%
Noncontrolling Interest's Share of Net Income = $5,000
However, it's stated that Parent Company had one-fourth of the goods purchased from Sub Company in its inventory at the end of the year. Since the goods were sold to Parent Company at a markup of 15% of the selling price, we need to adjust the noncontrolling interest's share of net income accordingly:
Adjusted Noncontrolling Interest's Share of Net Income = Noncontrolling Interest's Share of Net Income * (1 - Markup Percentage)
Adjusted Noncontrolling Interest's Share of Net Income = $5,000 * (1 - 15%)
Adjusted Noncontrolling Interest's Share of Net Income = $5,000 * 85%
Adjusted Noncontrolling Interest's Share of Net Income = $4,250
Therefore, the noncontrolling interest in consolidated income to be reported for 2021 is $4,250.
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To use the calculator in a
spreadsheet what button do you
push?
A. the minus key
B. the shift key
C. the equals key
Answers
To use a calculator in a spreadsheet, you typically use the equals key Option C.
The equals key is used to indicate that you want to perform a calculation or formula in a cell within the spreadsheet.
In most spreadsheet software, such as Microsoft Excel you start a formula or calculation by typing an equals sign (=) followed by the desired mathematical expression. For example, "=A1+B1" would add the values in cells A1 and B1.
By pressing the equals key, you signal to the spreadsheet program that you want to perform a calculation rather than simply entering a value or text. The program then evaluates the formula or expression and displays the result in the cell.
The equals key is essential for performing mathematical operations, creating formulas, and conducting calculations in spreadsheets. It allows you to leverage the computational capabilities of the software and perform various tasks, such as summing values, averaging data, or applying complex functions.
In summary, to use a calculator in a spreadsheet, you push the equals key to indicate that you want to perform calculations or formulas within the spreadsheet program. SO Option C is correct.
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A landowner had a swimming pool and a dressing cabana constructed in her spacious backyard. The pool was entirely within the confines of the landowner's property. However, one corner of the cabana extended a few inches onto a far corner of her neighbor's land. At the time of the construction, neither the neighbor nor the landowner was aware that the cabana extended onto the neighbor's property. Does the neighbor have a cause of action for trespass
Answers
Answer:
Yes. neighbor can trespass.
Explanation:
The landowner has a swimming pool and a spacious backyard with a corner. The neighbor might have a cause of action to trespass as the landowner is aware that the cabana is extended onto the neighbor's property.The city of waterville applied for a grant from the state government to build a pedestrian bridge over the river inside the city's park. On may 1, the city was notified that it had been awarded a grant of up to $200,000 for the project. The state will provide reimbursement for allowable expenditures. On may 5, the special revenue fund entered into a short-term loan with the general fund for $200,000 so it could start bridge construction. During the year, the special revenue fund expended $165,000 for allowable bridge construction costs, for which it submitted documentation to the state. Reimbursement was received from the state on december 13.
Answers
Answer and Explanation:
The journal entries are shown below:
For May 1
No Entry Required as eligibility should be completed before recognition.
For May 5
Cash $200,000
To Inter fund Loans Payable-Current $200,000
(Being cash is recorded)
During the year
Expenditure $165,000
To Voucher Payable $165,000
(being expenditure is recorded)
Due from State Government $165,000
To Revenues $165,000
(Being revenue is recorded)
On Dec 13
Cash $165,000
To Due from State Government $165,000
(being cash is recorded)
On Dec 31
Revenues $1165,000
To Expenditure $165,000
(being closing entry is recorded)
And other entries are not added as the balance of $35,000 is not fulfilled the eligibility
At the new equilibrium price of $200, what is the new equilibrium quantity?
Answers
When the price is $200, QD0 equals 0, QS equals 2350, and QD1 equals 2350.
The equilibrium price is the only price at which consumers' and producers' goals coincide—that is, the amount consumers want to buy of the commodity, quantity demanded, equals the amount producers want to sell, quantity supplied.
The equilibrium quantity is the name given to this common quantity. The demand and supply function (Qa - bP = x + yP) can be used to compute it. When the supply equals the demand, the equation yields an equilibrium price. To calculate the quantity, enter the equilibrium price into the demand or supply function.
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true or false?
individuaIs in an organization are expected to primariIy work on their own personaI goals.
Answers
Answer:
TRUE ⁱ ᵍᵘᵉˢˢ
Explanation:
They include specific, day-to-day operational tasks needed to run a business and that help drive scalability and business growth. Key organizational goals can also include employee and management performance, productivity, profitability, innovation, market share and social responsibility goals.
"Please answer all parts.
The December 31,2024 , adjusted trial balance for Coyote Corporation is presented below. Required: 1. Prepare an income statement for the year ended December \( 31,2024 . \) 2. Prepare a statement of"
Answers
The December 31, 2024, adjusted trial balance for Coyote Corporation provides the necessary information to prepare an income statement for the year ended December 31, 2024, and a statement of retained earnings.
To prepare the income statement, we need to gather the revenue and expense accounts from the trial balance. Revenues such as sales, service income, and other operating income are listed as credits. Expenses, including cost of goods sold, salaries and wages, rent, utilities, and other operating expenses, are listed as debits. By subtracting the total expenses from the total revenues, we can determine the net income or loss for the period. After preparing the income statement, we can use the net income figure to calculate the statement of retained earnings. The statement of retained earnings shows the changes in retained earnings from the beginning to the end of the period.
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Which of the following is NOT part of an overall SWOT analysis evaluation of a company?
A. Threats
B. Strengths
C. Strategy
D. Weakness
E. Opportunities
Answers
C. Strategy is NOT part of an overall SWOT analysis evaluation of a company.
SWOT analysis is a strategic planning tool that is used to identify and analyze the Strengths, Weaknesses, Opportunities.
Threats facing a company. Strengths and Weaknesses are internal factors that relate to the company's resources, capabilities, and performance, while Opportunities and Threats are external factors that arise from the industry, market, or environment in which the company operates. The SWOT analysis helps a company to identify its competitive position, assess its strategic options, and develop an action plan to address the issues and challenges it faces. Strategy, on the other hand, is the plan or approach a company adopts to achieve its goals and objectives. While the SWOT analysis provides valuable inputs for the development of a company's strategy, it is not a strategy itself.
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business question below:)
Answers
Answer:
C
Explanation:
Answer:
The answer is C
Explanation:
you purchase a bond with a coupon rate of 7.9 percent, a par value of $1,000, semiannual coupons, and a clean price of $895. if the next coupon payment is due in two months, what is the invoice price?
Answers
The invoice price of the bond is $908.17.
To calculate the invoice price of the bond, we need to consider the accrued interest up to the settlement date, which is the next coupon payment due in two months.
Given:
Coupon rate: 7.9%
Par value: $1,000
Clean price: $895
Since the bond has semiannual coupons, the coupon payment will be half of the coupon rate. Therefore, the coupon payment will be:
Coupon payment = (Coupon rate / 2) * Par value
Coupon payment = (7.9% / 2) * $1,000
Coupon payment = $39.50
To calculate the accrued interest, we need to determine the number of days between the last coupon payment date and the settlement date. Assuming a 30/360 day-count convention, let's say there are 60 days between the last coupon payment date and the settlement date.
Accrued interest = (Number of days / Total days in a coupon period) * Coupon payment
Accrued interest = (60 / 180) * $39.50
Accrued interest = $13.17
Now, we can calculate the invoice price by adding the clean price and the accrued interest:
Invoice price = Clean price + Accrued interest
Invoice price = $895 + $13.17
Invoice price = $908.17
Therefore, the invoice price of the bond is $908.17.
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For tax porposes, you may nave to report the value of your assets, such as cars of religerators The value yod tepod diops with time. Strighit line depreciatiod" assumes that the value is a inear Value o dedas
Answers
Straight-line depreciation assumes that the value of assets depreciates evenly over time, following a linear decline.
Straight-line depreciation is a commonly used method for estimating the decline in the value of assets for tax purposes. Under this approach, it is assumed that the asset's value decreases at a constant rate over its useful life. In other words, the asset's value depreciates in a linear fashion. For example, if you have a car or a refrigerator, the straight-line depreciation method assumes that the asset's value will decrease by the same amount each year.
To calculate straight-line depreciation, you need to determine the initial value of the asset and its useful life. Then, you divide the difference between the initial value and the estimated salvage value (the value at the end of its useful life) by the number of years of the asset's useful life. This gives you the depreciation expense that can be deducted for tax purposes each year.
It's important to note that the straight-line depreciation method may not accurately reflect the actual decline in value for certain assets. Some assets may depreciate more rapidly in the early years and slow down later, while others may experience different patterns of depreciation. However, straight-line depreciation provides a simplified and consistent approach for reporting asset values for tax purposes.
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What was the most important message that BTS taught you personally?
I think it was definitely to be more confident in myself and not care about what people think. I think the song that I loved the most was 21st century girl, it really boosted my love and admiration for myself as a girl, in a society (where I live )where we aren’t considered much. Words like “you’re worth it” really stuck with me. So to sum it up , they taught me to love myself for who I was, to stand up for what I think is right and not care about what people think of me, or the fact that they don’t think much of me because I’m girl, lol.
(What about you ARMY)
Answers
I remember being really shy and I kept everything to myself, but BTS taught me to open up more and love myself and believe in what I can do, as well as not let people bring me down with just words, that is why I like listening to songs like MIC Drop, Not Today, and ON
HELP A GURL OUT! Imagine that you are a manager in a restaurant. Each month you have to purchase supplies for the restaurant. A meat supplier offers you a kickback of 10% if you purchase meat from him, even though his prices are slightly higher than the competitors. What would you do? Why?
PLZ ANSWER I NEED HELP!!!
Answers
Answer:
Decline the offer
Explanation:
I would most likely decline the offer. The fact that he is selling for higher but is willing to go 10% proves the meat isn’t worth the more money. I would stick with my current supplier. Unless there is a significant difference between the meats, there is no reason for him to be selling it any higher than his competitors and the fact that he is offering a discount proves that.
What is the purpose of a business plan? To outline how a business will be operated To outline how exercise programming will be created To apply for a job To outline the ideal employee for a business
Answers
The purpose of a business plan is to outline how a business will be operated. It serves as a roadmap for entrepreneurs and business owners, guiding them in setting goals, making decisions, and allocating resources. A business plan typically includes key components such as an executive summary, company description, market analysis, organization structure, products or services, marketing strategies, financial projections, and more.
Here is a step-by-step breakdown of the purpose of a business plan:
1. Set goals: A business plan helps define the long-term and short-term goals of a business, including objectives for growth, profitability, and market share.
2. Make informed decisions: By conducting a thorough market analysis, a business plan helps identify target customers, competitors, and industry trends, enabling informed decision-making.
3. Allocate resources: A business plan outlines the required resources, such as funding, equipment, and personnel, and helps allocate them efficiently to achieve business objectives.
4. Secure financing: A well-developed business plan can attract investors or secure loans by demonstrating the viability and potential profitability of the business.
5. Communicate and align: A business plan serves as a communication tool, enabling entrepreneurs to share their vision and strategy with stakeholders, employees, and potential partners.
In summary, a business plan provides a comprehensive overview of a business's operations, goals, and strategies, helping entrepreneurs navigate the complexities of running a successful enterprise.
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Top Breakfast Cereal producers - company name, most current market share, signature
products
1. #1
share % Signature products
2. #2
share % Signature products
3. #3
share % Signature products
4. #4
share % Signature products
Answers
Answer:
1. Kellogg Company - 30.1% market share - signature products: Froot Loops, Corn Flakes, Apple Jacks.
2. General Mills - 29.85% market share - signature products: Cheerios, Nature Valley, Lucky Charms.
3. Post Holdings - 18.92% market share - Honey Bunches, Fruity Pebbles.
4. Private Label - 7.48% market share - Muesli, Choco-Shells
Members of limited liability companies are shielded from personal liability in many situations. True False.
Answers
True.
Members of limited liability companies (LLCs) are generally shielded from personal liability for the company's debts and obligations. The limited liability feature is one of the key advantages of an LLC structure. It means that the personal assets of the members, such as their homes or personal bank accounts, are protected from being used to satisfy the LLC's debts or legal obligations. However, it's important to note that there are certain situations where the limited liability protection may not apply, such as in cases of personal guarantees or certain types of misconduct.
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If a manufacturer of television sets acquires a magazine publisher, it will be a:________
Answers
A television set manufacturer expands its business by acquiring a magazine publisher, a form of horizontal integration, within the same industry or market segment.
Horizontal integration occurs when a company acquires or merges with another company that operates in the same industry or market segment.
It allows the acquiring company to increase its market share, diversify its product offerings, and gain a competitive advantage by consolidating resources and eliminating potential competition.
In the given scenario, the manufacturer of television sets acquiring a magazine publisher represents a horizontal integration.
Both television sets and magazine publishing businesses fall under the broader media or entertainment industry.
By acquiring the magazine publisher, the manufacturer can expand its presence in the media industry, diversify its revenue streams, and potentially leverage synergies between television and magazine content.
Horizontal integrations are often pursued to achieve economies of scale, increase market power, enhance distribution channels, or gain access to new customer segments.
However, the success of such integration depends on various factors, including strategic alignment, operational integration, and effective management of the combined entities.
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you want to buy a parcel of land in an area of town in the direction of future development. the lot costs $55,000. the monthly payments on a loan to buy the lot would be $805.76. if the bank is charging you 9% interest per year, how years will it be before you own the land, free and clear?
Answers
If the bank charges you 9% interest per year for the monthly payments on a loan to acquire the lot, it will take you 4 years until you own the land free and clear. The monthly payment would be $805.76.
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organization makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest.
The idea of interest is to reward one party for taking a risk and giving up the chance to utilize money, while penalizing another for using someone else's payments. The individual who temporarily parted payments with their money has a right to recompense, and the person who temporarily used those assets is frequently obligated to provide this compensation.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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