On June 10, 2014 Charles applied
for a Php 12 000 loan at 8%
simple interest. He Promised
to pay on September 29,
2014 compute for the exact
interest.

Answers

Answer 1

Charles will pay an exact interest of Php 289.32.

Data and Calculations:

Loan = Php 12,000

Simple interest rate = 8%

Date of loan = June 10, 2014

Repayment date = September 29, 2014

Period of loan = 110 days (June 10, 2014 - September 29, 2014)

Interest on the loan = Php 12,000 x 8% x 110/365

= Php 289.32

Thus, the exact amount of interest to be paid is Php 289.32.

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Related Questions

What's the importance of the formal and informal business sectors

Answers

Answer:

The informal sector represents a fundamental component of the economic structure of many developing countries.

Formal employment is government regulated, and workers are insured a wage and certain rights. Informal employment takes place in small, unregistered enterprises.

Explanation:

the economic inefficiency of a monopolist can be measured by the

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Answer:

The economic inefficiency of a monopolist¬ can be measured by the deadweight loss, which is the loss in total surplus.

an advantage of the use of computers to maintain and compile accounting information is ______.

Answers

Answer:

Speed

Explanation:

an advantage of the use of computers to maintain and compile accounting information is speed.

There is a 20 percent probability the economy will boom, 70 percent probability it will be normal, and a 10 percent probability of a recession. Stock A will return 18 percent in a boom, 11 percent in a normal economy, and lose 10 percent in a recession. Stock B will return 9 percent in boom, 7 percent in a normal economy, and 4 percent in a recession. Stock C will return 6 percent in a boom, 9 percent in a normal economy, and 13 percent in a recession. What is the expected return on a portfolio which is invested 20 percent in Stock A, 50 percent in Stock B, and 30 percent in Stock C?a.) 8.25%b.) 9.50%c.) 7.40%d.) 8.33%e.) 9.45%

Answers

The answer is B because I don’t some calculations and got that answer

Give three examples of how you communicate on a daily basis

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Answer:

this is the correct answer happy

How much will Terrill and Natalia be required to pay in property tax per year? $15 $150 $1,500 $15,000.

Answers

Answer:

1,500

Explanation:

Hope this helped

Answer:

$1,500

Explanation:

see picture

True or false: Employees prefer to receive ISOs rather than NQOs because the entire difference between the sales price and the exercise on the subsequent sale of the stock may be taxed as a long-term capital gain if the required holding periods are met. True false question. True False

Answers

Answer:True

Explanation:

madeline wants her son to be well-behaved when they go to church. for every five minutes he sits still, she gives him a piece of candy. what type of learning is madeline employing?

Answers

Answer:

Answer would be Operant Conditioning

Madeline wants her son to be well-behaved when they go to church. for every five minutes he sits still, she gives him a piece of candy. This type of learning is known as Operant Conditioning.

What is Operant Conditioning?

The Operant conditioning, sometimes referred to as instrumental conditioning, is a method of learning that uses rewards and  punishment to modify behavior.

Through operant conditioning, behavior that is rewarded is likely to be repeated, and behavior that is punished will rarely occur. In operant behavior, stimuli can be appetitive or aversive.

Appetitive stimuli are the ones that you voluntarily approach while aversive stimuli are those you try to avoid or escape. Responses to such stimuli can either be positive or negative reinforcement.

In this case positive and negative do not mean good or bad. Instead, positive reinforcement means introducing stimulus to increase the probability of recurrence of behavior, while negative reinforcement involves removing stimulus to encourage good behavior.

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The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on a daily basis. This demand for bread can be categorized as _____.

Answers

Considering the situation described above, this demand for bread can be categorized as a "static demand."

This is because a static demand is a type of demand that is not flexible at any given point.

Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.

Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a Static demand because it is stable throughout the year.

Hence, in this case, it is concluded that the correct answer is "Static Demand."

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The first step in preparing a flexible budget is to identify the fixed and variable cost components. prepare the budget for each activity level by multiplying each variable cost per unit by the activity level and then adding the fixed costs. identify the relevant activity levels. None of these choices are correct.

Answers

Answer:identify activity levels

Explanation:

If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits. b. leave profits unchanged. c. decrease profits. d. increase marginal revenue.

Answers

Answer:

D. increase marginal revenue

Explanation:

If marginal revenue is less than marginal cost then they are producing too much product and need to decrease production until marginal cost and marginal revenue are equal.

according to liquidity preference theory, the money-supply curve is

Answers

Answer:

According to liquidity preference theory, the money-supply curve would shift if the Fed engaged in open-market operations. According to liquidity preference theory, the Fed controls the money supply directly. ... If the Fed conducts open-market purchases, the money supply decreases and aggregate demand shifts right.

A firm having its equity shares traded on one or more foreign exchanges, in addition to the home country stock exchange, is

Answers

Dual-listing is the answer

Tell me something cool.

Answers

Answer:

I am double jointed and as a baby had a tounge tie

Explanation:

Define the word profit in buisness

Answers

Explanation:

Profit describes the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question. Profit is calculated as total revenue less total expenses.

Answer:

Money left after costs are paid .

Explanation:

In cases where there are frequently occurring material combinations and common delivery quantities for a customer, this data can be stored in the form of a

Answers

When frequent material combinations and common delivery quantities for a customer occur, this data can be stored in the form of an item proposal.

This can be defined as a list of orders and materials that are often supplied by the company to a particular customer, so the item proposal list will help the organization save time when developing a pre-arranged order entry.

The item proposal is therefore stored in SAP and can be changed whenever necessary.

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Which component of table setting would include the wineglass?
The _____ component of table setting would include the wineglass.

Answers

The wine glass goes on the left

Among ________, women and men shop on the Internet with equal frequency, and men tend to spend more per purchase transaction than women.

Answers

Answer:

web surfe\fer

Explanation:

gfuess

Your friend Jeanne is searching for a job and has decided to update her LinkedIn profile. She wants to enhance the credibility of her profile, and she asks for your advice. What advice should you give Jeanne

Answers

I would suggest she’d ask for recommendations from instructors, employers, and colleagues.

Please help, Is it fair that employees who have my insurance lose their coverage when they leave their company? explain

Answers

Answer:

Yes

Explanation:

If you no longer benifit from them, they should not be able to benefit from you. Your business is your income. You would be giving them free coverage, which you are not making a profit off of. You would be losing money.

If people do not trust the value of a nation's money, companies will not use it as payment for goods and services. This describes the _____ characteristic of money.

Answers

This describes the  acceptability characteristic of money.

Money is anything that is generally chosen and accepted by a community, people, organizations, government as a medium of exchange and settlement of value.

Money comprises exchange in the form of coins and banknotes; coins and bank notes which is backed by a country's law as a form of legal tender hence acceptable by all.

There are several characteristics of money which includes durability, portability, acceptability, uniformity and limited in supply.

However, the fact that companies trust the value of a nation's money and also use it as payment for goods and services, describes the acceptability as characteristics of money.

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Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called:

Answers

Answer:

The Answer is Car Insurance

which of these are conditions for long-run equilibrium in the aggregate demand–aggregate supply model?

Answers

Answer:

-Correct answer(s)

Long-run aggregate supply equals aggregate demand

Short-run aggregate supply equals aggregate demand

-Incorrect Answer(s)

u<u*

u>u*

Explanation:

The economy will gradually progress toward its potential production, according to the aggregate demand and long-run aggregate supply model. The aggregate demand and supply curves intersect at this point to form the long-run equilibrium.

What is the long-run equilibrium in the aggregate demand–aggregate supply (AD-AS) model?

AD-AS model is a graphical model used to understand economic fluctuations, which contains aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS).

The long-run aggregate supply (LRAS) curve relates the level of production produced by businesses with the price level over time.

At any price level, the economy eventually reaches its natural level of employment and potential output. This result has given us our long-run aggregate supply curve.

When there is only one level of output at whatever price level, the long-run aggregate supply curve is a vertical line at the potential level of output for the economy.

Therefore, these are the conditions of the long-run AD-AS model.

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Even when special journals are used, closing journal entries are recorded in the general journal. True False

Answers

Answer:

TRUEEE

Explanation:

this is true

Given that measuring a firm's financial health is important to its survival, which strategy is good advice for a person just starting a business?

Answers

The strategy that is good advice for a person just starting a business is to select an accounting system that helps one make decisions, and helps you report information to others outside your firm.

To effectively run and manage a business, a firm must make use of accounting system to record, classify, and summarize financial events and transactions. Adequate accounting system help measure a firm's financial health which is important to its survival.

Accounting system help users make informed decision whilst also assisting them to make report of financial information about the firm to stakeholders interested in the firm.

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what is the recommended compression rate for high-quality cpr

Answers

Answer:

Compression rate of 100-120/min

Explanation:

High-quality CPR performance metrics include:

Chest compression fraction >80%

Compression rate of 100-120/min

Compression depth of at least 50 mm (2 inches) in adults and at least 1/3 the AP dimension of the chest in infants and children

No excessive ventilation

100-120/min



I made it short

*he got it from otherr wbsite anyway*

The pedals of the bicycle should have reflectors on them that can be seen from
feet away

Answers

The tires and the pedals and on the helmet

The pedals of the bicycle should have reflectors on them that can be seen from at least 200 feet away.

California vehicle code (CVC) mandates that cyclists who commute at night attach a white safety light to the front of their bikes. Within 300 feet, the cyclist's front and sides should be able to plainly see this white light. If you don't feel comfortable mounting this light on your bike, you may also lawfully wear it on your person (such as on a helmet).

The CVC mandates that cyclists wear reflectors on their shoes or ankles or attach white or yellow reflector pedals to their bicycle's pedals. You should be able to see these reflectors from at least 200 feet away.

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Firms will only produce more if they can

Answers

Answer:

At any given quantity, total revenue minus total cost will equal profit. One way to determine the most profitable quantity to produce is to see at what quantity total revenue exceeds total cost by the largest amount. ... At output levels from 50 to 80, total revenues exceed total costs, so the firm is earning profits.

progressive taxes operate on the assumption that those with _____ can afford to contribute a higher percentage of their income in taxes.

Answers

Progressive taxes operate on the assumption that those with higher income can afford to contribute a higher percentage of their income in taxes.

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

Generally, there are three (3) types of taxation used by the government and these are;

1. Regressive taxation

2. Proportional taxation.

3. Progressive taxation.

A progressive taxes involves charging or levying individuals that are having higher incomes a higher percentage of their total income in taxes.

For example, Citizen John pays 30% on $60,000 and Citizen Ann pays 14% on $26.000.

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The principle of progressive taxes is based on the assumption that those with higher incomes can afford to contribute a higher percentage of their incomes in taxes.

The principles for a progressive tax system are:

tax paid is based on the taxpayer's abilitya lower tax rate is imposed on low-income earnersit is not regressive and does not use a flat ratecreates tax brackets, grouping taxpayers by income ranges.

Thus, the progressive tax system operates with the assumption that the higher the income, the higher the tax paid.

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planning budgets are sometimes called ______ budgets.

Answers

I believe the answer is static!

Planning budgets are sometimes called static budgets.

What is static budgets?

A static budget is one that stays the same regardless of changes in activity levels. As a result, the budgeted amounts remain unchanged even if actual sales production differs dramatically from the projections made in the static budget.

For instance, a corporation using a static budget would establish a projected expense for the duration of the time, such as $30,000 for a marketing campaign. Managers are therefore responsible for sticking to the budget, regardless of how the actual cost of running the campaign performs throughout the course of the period.

Budget set for a single level of production output is known as a static budget. Likewise known as a master budget. Flexible Budget: A condensed budget that is simple to calculate for various production volume levels. Separates

Thus, static budgets.

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