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andrew-mc [135]
2 years ago
8

What is the cost when someone borrows money from someone else?.

Business
1 answer:
PSYCHO15rus [73]2 years ago
8 0

The cost when someone borrows money from someone else is known as interest.

<h3>What is interest?</h3>

Interest rate is the cost of borrowing. It is the amount the borrower pays the lender for use of their funds. It is usually a function of the amount borrowed, length of the loan and the interest rate.

For example, if a person borrows $1000 for 1 year at an interest rate of 10, the interest that would be paid is: $1000 x 0.1 = $100.

To learn more about interest rate, please check: brainly.com/question/14935026

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The general ledger journal entry in the General Fund to record actual expenditures and reversal of the associated encumbrance wo
HACTEHA [7]

Answer:

A credit to Encumbrance Control

Explanation:

In the case when the journal entry is the general fund is recorded and when we have to record the actual expenditure and the reversal of the attached encumbrance so here the encumbrance control should be credited as we have to record the actual expenditure that have incurred also the reversal of attached encumbrance so this account should be credited

8 0
3 years ago
reply if you agree that eddie kaspbrak and stanley uris shouldn’t have dxied in “it cheaper 2” (giving brainliest)
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Answer:

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2 years ago
What is personal finance? Personal finance is essentially about finance at a_____ level. It helps improve your short term and lo
SVETLANKA909090 [29]

Answer:

The answer would be Basic, Prosperity.

Explanation:

Personal finance is essentially about finances at a basic level. It helps improve your short term and long term Prosperity.

Personal finances are the finances or money of a person solely belong to himself. A person's own finances are usually limited. He can meet the basic necessities for himself and his family. These finances can be used to bring prosperity to a person and his family. Personal finances are always help in the time of emergency. People manage their personal finances for the future of their children, to manage their education, and to live a life of their personal choice and ease.  

8 0
4 years ago
Read 2 more answers
A higher level manager needs soft skills<br>​
kifflom [539]

Explanation:

While there are literally dozens of soft skills that comprise a great manager, communication, leadership, delegation and trustworthiness are some of the most important qualities.

Communication. ...

Leadership. ...

Listening. ...

Delegation. ...

Critical Thinking. ...

Trustworthiness. ...

Networking. ...

Employee Recognition.

7 0
3 years ago
A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. what is one initiative that cou
a_sh-v [17]

A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. "Provide special attention to your most important clients by adapting your services to their needs."  is one initiative that could be planned and implemented to achieve this goal

This is further explained below.

<h3>What is one initiative that could be planned and implemented to achieve this goal?</h3>

Generally, A company's long-term objective is to dominate both its industry's price point and level of service.

Among the many strategies that may be developed and put into action to accomplish this would be to "provide your most valuable customers individualized service tailored to their specific requirements."

In conclusion,  Strategic goals are the particular financial and non-financial objectives and achievements that a firm seeks to accomplish over the course of a specified period of time, often the next three to five years.

These goals may be broken down into two categories: financial and non-financial.

Read more about Strategic goals

brainly.com/question/15301818

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2 years ago
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