John borrows $100 dollars from ed. They agree that john will pay back the loan in two months at a rate of 10 percent monthly. If john pays back exactly $120, then the interest was.

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Answer 1

Since john pays back the amount of $120, then, the interest is known as Simple interest.

The Simple interest is the easiest method of calculating an interest rate on a loan.

However, the compound interest is entails interest derived on a loan based on initial principal and the accumulated interest over period of time

Hence, since john pays back the amount of $120, then, the interest is known as Simple interest because the interest is not accumulated.

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Related Questions

When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond?.

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Samra should react professionally and sympathetically in the event that a patient, like Ms. McConnley, is unable to pay the $25 copayment.

Samra might approach the matter in the following manner:

Remain Calm and Empathetic: Speak to Ms. McConnley patiently and with an understanding of her predicament.Offer Alternative Payment Options: Mention any accessible payment plans or assistance programs, as well as alternative payment options like credit/debit cards.Ask whether she may postpone the payment due to anticipated short-term financial problems. Discuss Delayed Payment.Communication with Supervisor: If necessary, seek guidance from a supervisor, especially if the circumstance calls for special treatment.Note the Interaction: Detail the talk, any agreements, and any subsequent actions in detail in the patient's chart.Respect patient privacy by handling sensitive information discreetly and securely when recording.Share contact information with the billing department or patient financial services to get more information about payment plans and financial aid.

Hence, maintaining empathy, looking for solutions, and professionally recording interactions when dealing with Ms. McConnley's condition all contribute to a patient-centered approach and accurate record-keeping for efficient healthcare administration.

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The given question is incomplete; below is the full question.

How should Samra handle the situation with Ms. McConnley? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? Is it necessary for Samra to make any notations in the patient’s chart?

ssume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,100 2019, $3,600 2020, $2,160 2021, $1,620 On December 31, 2019, the total long term liabilities will be $______

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Based on the information given, the total value of the long-term liabilities will be $7380.

Long-term liabilities simply refer to the liabilities that are payable after twelve months. They are the liabilities that are due after one year of normal operation.

The long-term liabilities will be:

= $3600 + $2160 + $1620

= $7380

In conclusion, , the total value of the long-term liabilities will be $7380.

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culture and tradition can have the greatest impact on marketing strategy, and changes might need to be made at the product level based on cultural ______.

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The major influence which impacts the changes in marketing strategy based on culture and tradition is as a result of cultural:

Differences

According to the given question, we are asked to state the major influence which impacts the changes in marketing strategy based on culture and tradition.

As a result of this, we can see that cultural differences exist between different cultures and as a result of this, a marketing manager would be able to make a variation in the marketing strategy based on these cultural differences.

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Other things the same, if the price level falls, people a. decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases. b. decrease foreign bond purchases, so the supply of dollars in market for foreign-currency exchange increases. c. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases. d. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.

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Other things the same, if the price level falls, people D: increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.

Holding other factors, whenever there is a fall in the price level, there would be rise in foreign bond purchase.

This usually result in increase in supply of dollars in the market and this aids foreign-currency exchange.

Therefore, option D is correct.

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Which of the following have editors with specific expertise designated to specific sections
A. TV shows
B. Newspaper
C. Movie

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It’s definitely newspaper no joke it definitely movie and tv show I don’t think so

have anyone seen the new resident evil welcome to raccoon city trailer if anyone answer this will get brianlist

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Answer:

Explanation:

yup !! its so cool fr

Earnings per share (EPS) equals ______ divided by the average shares of common stock outstanding. (Assume no preferred stock has been issued.) Multiple choice question. Revenue Operating Income Retained Earnings Net Income

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With the issuance of preferred stock, Earnings per share (EPS) equal D. Net Income divided by the average shares of common stock outstanding.

If the company issues preferred stock, the preferred dividend is deducted from the net income before the computation of the EPS. In such a situation, the Earnings per share becomes the Net Income after the deduction of preferred dividend divided by the average common shares outstanding.

Thus, the Earnings per share without preferred dividend equals D.

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Government and nonprofit accounting involves working for organizations whose purpose is to serve ______. (Select all that apply)

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The people that benefit from the work done by government and nonprofit accountants are:

Ratepayers Taxpayers

Governments are funded by the taxes paid by its people which means that accounting that is done to ensure proper records of the way this money is spent, benefits the taxpayers.

Other nonprofit accounting such as those related to public utility provides such as water and electricity, will benefit those who are paying to use those services. These people are called rate payers.

In conclusion, the accounting mentioned serves ratepayers and taxpayers.

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Shawna has added up all her current expenditures and revenues and developed a plan for what she wants to do with all of her cash flow. She has included in this plan some money to put away for her 401k based on what she will need in the future. What is missing from Shawna's actions to make sure this is a sound financial plan?
Group of answer choices

Shawna needs to make sure she revisits this plan on an ongoing basis.

Shawna needs to invest. You can't have a sound financial plan without investing.

Shawna needs to consult with a financial advisor to make sure she has not missed any details.

Shawna should begin speculating on the market to potentially grow her extra income quickly.

Answers

Answer:

Shawna needs to consult with a financial advisor to make sure she has not missed any details.

The correct answer is Shawna needs to consult with a financial advisor to make sure she has not missed any details.

What is financial advisor?A financial consultant is a professional who is paid to offer financial advice to clients. Just as you would hire an engineer to make a plan for your home, you hire an economic advisor to construct a plan for your finances. It's all about paying someone for the expertise you need to reach detailed goals.Having a good connection with a financial consultant will not only set you up financially. They can help make conclusions on major life changes like how greatly maternity leave can you afford to take when having a baby. They can also help maintain you on track financially when life throws you curve proms such as redundancy.

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Mary signed up and paid $1,320 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate:

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$300 of revenue, $600 of deferred revenue. (900* 2/6 of contract) = 300
(900 contract price paid in advance -$300 revenue recognized to date) =600

Mary signed up and paid $1,320 for a 6-month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate 880.

What is accounting?

The financial statement of the transaction record is referred to as accounting. In essence, the procedure locates and measures the record. The company has a well-organized financial and record-keeping system.

$440 of revenue, $880 of deferred revenue.

(1,320 × 2/6 of contract) = 440

(1,320contract price paid in advance -$440 revenue recognized to date)

=880

As a result, Mary signed up and paid $1,320 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate 880.

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Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receivable liability

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The taxes that are being paid by a business firm represents: C. a cash outflow.

Taxation can be defined as the involuntary and compulsory fees that are usually levied on individuals or business firms (entities) by the government, so as to generate revenues which are used in funding public institutions and activities.

Basically, these taxes that are being paid by individuals or business firms (entities) is considered as a cash outflow because it represents money that are flowing out of their accounts.

In conclusion, an amount of money that is flowing out of an account such as taxes is referred to as a cash outflow.

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Reuben Garza just graduated from high school and had begun a five year apprenticeship as a machinist. His starting wage is $8.25 an hour and he receives a paycheck every two weeks.

Compute his biweekly net pay using the following directions. Found all answers to the nearest cent.

Biweekly Grossy pay $____
Withholding:
Fed income tax (5.0%) $___
State income tax (5.6%) $___
Social security (6.20%) $___
Medicare (1.45%) $____
Union dues (1.0%) $____
Total $___
Biweekly gross pay $____
Minus total withholding -$___
Biweekly net pay $____

Answers

Answer:

tax (5.0%) $___

State income tax (5.6%)

Minus total withholding -$___

Biweekly net pay

Explanation:

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Which type of credit involves a set limit based on what a consumer pays up front? loans installment credit secured credit cards unsecured credit cards.

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ans: Secured credit cards.

explanation: Secured credit cards refer to credit cards that offer credit secured by a cash deposit from the cardholder. The deposit secures the card issuer from loss in case the cardholder is unable to cover the debt.

woman caught on video throwing soup in face of restaurant manager after argument

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Is that even a question

The advantages of using in-house marketing and advertising staff include all of the following except: Question 27 options: A) greater control. B) global accounts. C) lower cost. D) brand knowledge. E) superior product.

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All of the mentioned factors are advantages of having an in-house marketing staff except E. Superior product

Using an in-house marketing department instead of an external agency means that the company will not benefit from the experience of the agency which they gained from:

Specializing in marketing Attracting top talents

In the end therefore, the marketing product produced by the in-house department will be inferior to that, that would have been produced by the agency.

In conclusion, the in-house department will not produce a superior product.

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A payment made by a firm to its owners in the form of new shares of stock is called a _____ dividend.

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That type of payment is a stock dividend.

KRJ Enterprises reported this year sales of $404 million, earnings before income taxes of $102.4 million, and tax expense of $18.2 million. If sales are projected to increase by 3.8% next year, what would be the projected tax expense for next year

Answers

The KRJ Enterprises' projected tax expense for the next year is $18.87 million.

Data and Calculations:

Reported year's sales = $404 million

Earnings before income taxes =$102.4 million (25% of sales)

Tax expense =$18.2 million

The tax expense = 4.5% of Sales ($18.2.$404 x 100)

Projected sales for next year = $419.35 million ($404 x 1.038)

Projected tax expense = $18.87 million ($419.35 x 4.5%)

Thus, the projected tax expense for the next year is $18.87 million.

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If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is a. 8 percent. b. 12.5 percent. c. 20 percent. d. unknown. We do not have enough information to answer this question.

Answers

If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

Using this formula

Marginal tax rat=Tax payable/Taxable income×100

Where:

Tax payable=$5,000

Taxable income=$40,000

Let plug in the formula

Marginal tax rate=$5,000/$40,000×100

Marginal tax rate=12.5%

Inconclusion if your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

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what is the child abuse prevention hotline number

Answers

Depends on what state you live in.

If you don't meet a deadline at work, you could: *

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Answer:

Failing to meet a deadline in the workplace may result in disappointing your co-workers, receiving a negative reaction from your boss, or even hurting your company as a whole. If you cultivate time management skills early, you will have a better chance of success in your future career.

what are the benefits associated with free trade and globalization?

Answers

Answer:

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.

are some of the factors that influence employee benefits strategies cyclical

Answers

Answer:

hoobaa hooba hooba

Explanation:

hooo

what is a signed affidavit verifying self employment

Answers

a sworn statement and written legal document that is under the oath of law typically used to show a court proof of employment

You are considering an investment in a municipal bond that has a yield of 5 percent. Your tax rate is 25 percent. What is your taxable equivalent yield

Answers

The taxable equivalent yield is 6.67%.

Given Information

Municipal bond has yield of 5%

Tax rate = 25 percent

Taxable equivalent yield = ?

The formula for use to derive the taxable equivalent yield is {Current yield on municipal bond / (1-tax rate).

Taxable equivalent yield = 5% / (1 - 25%)

Taxable equivalent yield = 0.05 / 0.75

Taxable equivalent yield = 0.06666666666

Taxable equivalent yield = 6.67%

Therefore, the taxable equivalent yield is 6.67%.

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Paul Mason's firm sells medical equipment to heart surgeons. The company fields a direct sales force that travels the country demonstrating its equipment to heart surgeons and hospital administrators. Recently, Paul's company started producing equipment for eye surgeons, partly to maximize the value of his sales force, which can now call on both heart surgeons and eye surgeons when it makes hospital visits. Paul's firm is attempting to capture economies of ________ through this strategy.

Answers

Answer:

scope

Explanation:

firms will only adopt more automated methods of production when

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Answer when the argument gets too long

Explanation:

A(n) to is any policy that is designed to reduce the competitiveness of foreign producers that wish to sell their goods or services in the domestic market.

Answers

A protectionism policy is any policy that is designed to reduce the competitiveness of foreign producers in the domestic market.

The protectionism policy helps to protect the domestic industries against the foreign competition through various means methods including

Imposition of tariffsSubsidiesImport quotasTrade restrictions.

The policy of protectionism are determined by the Federal government of the country to help reduce the importation or competitiveness of foreign company in the country's market.

In conclusion, the policy is known as a protectionism policy.

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Answer:

Barrier to Trade

Explanation

Your friend Jomaine says a Traditional IRA or 401(k) has the best tax advantages because you don't pay any taxes now, and you can wait until you retire to pay taxes. Why might he be right?

Answers

Government often tax the income of its people. The reason why might he be right is that if an individual expect tax rates to go up or because one is starting your career and your tax bracket would be lower now than what it will be later on.

When an individual is older and in retirement, the person would want to save your money and not have to worry about any taxes.

Tax advantages simply defined as the economic bonus that applies to some accounts or investments that an individual has such as one gotten by statute, tax-reduced, tax-deferred, or tax-free.

Conclusively, An Examples of tax-advantaged accounts and investments are retirement plans, education savings accounts, medical savings accounts etc.

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óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop solutions very quickly.

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According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.

This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.

There are various Problem-Solving Skills include:

Active listening.Analysis.Research.Creativity.Communication.Dependability.Decision making.Team-building, etc.

Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."

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how much does party city charge to inflate balloons?

Answers

Answer:

Ballons bought from other stores:

Foil balloons: $1.99 to $15.99, depending on size.

Latex balloons: $0.99 to $1.29

Explanation:

Ballons bought from part city:

Foil balloons: Free!

Latex balloons: $0.99 to $1.29

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