Cash receipts $40,000beginning cash balance $10,000cash payments $48,000desired ending cash balance $7,000if there is a cash shortage, the company borrows money from the bank. all cash is borrowed at the beginning of the month in $1,000 increments. interest is paid monthly on the first day of the following month. the interest rate is 1% per month. the company had no debt before january 1st. what is the amount of interest paid in february? show all work and explanation

Idont need this written for me but if someone could just come up with an example that can get the process started for me that would be ! research the consumer services industries in united states. choose any one of the consumer services companies and write an essay of about 500 words on how a diverse economy such as the united states can satisfy the needs of its consumers. consider different cultures and languages, services offered to lower socioeconomic populations, or services offered to disabled consumers or women. also analyze the challenges faced by the consumer service industry.