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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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Country alpha and country beta initially have the same real gdp per capita. country alpha experiences no economic growth, while
dimaraw [331]
<span>Country alpha's gdp will be approximately "one-half" of the country beta.
</span>
GDP stands for Gross domestic product and it refers to the total economic output of any country which means the measure of cash a nation makes. Gross domestic product per capita is the aggregate yield isolated by the quantity of individuals in the population, so you can get a figure of the normal yield of every individual, i.e., the normal measure of cash every individual makes.
8 0
3 years ago
The monthly bank statement has to be compared with the:
BlackZzzverrR [31]
Checkbook
computer software

4 0
3 years ago
Organizations periodically have an external entity review the controls so as to uncover any potential problems in the controls.
vivado [14]

Answer: information system audit

Explanation:

The information system audit is the process through which organizations periodically have an external entity which helps in reviewing the controls in order to uncover any potential problems in the controls

In order to know how effectivene the information system controls is, the information systems audit is vital. It is required to verify the accounting records of an organization as well as the financial statements.

8 0
3 years ago
A process with no beginning work in process, completed and transferred out 35,000 units during a period and had 14,000 units in
Kay [80]

Answer:

equivalent unit of production for period in conversion cost is 42000 EU

Explanation:

Given data

during period P = 35000 units

ending work W = 14000 units

complete C% = 50%

to find out

equivalent units of production

solution

we know that 35000 units work is complete and transferred during period  and

50% complete with ending work 14000 units

so that

Equivalence unit production is W x C% + P

= 14000 x 50% + 35000 = 42000

so equivalent unit of production for period in conversion cost is 42000 EU

5 0
3 years ago
Read 2 more answers
Egarding the Eight Types of Waste that must be eliminated to implement lean systems, excessive movement and material handling of
katrin2010 [14]

Answer:

The correct answer is A) Motion waste

Explanation:

Motion Waste is any type of waste that is not to the benefit of the customer, or that does not increase the value of the product.

In this example, the question refers to the material handling of the product as excessive, and also lets us know, that this excessive handling happens in serveral processes. None of these increase the value of the product, otherwise they would not be reffered to as excessive, therefore, the question presents a classical example of motion waste, and the production process is not a lean system.

4 0
3 years ago
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