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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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Pursuant to a contract, a landscaper performed $30,000 of landscape work for a homeowner. By coincidence, the homeowner and the
vfiekz [6]

Answer:

NO, court does not have subject matter jurisdiction over the landscaper's contract claim

Explanation:

given data

landscape work =  $30,000

seeking  in damages = $100,000

solution

landscaper assert and maintain claim against an home owner for breach of contract is no because court have diversity of an citizenship in the jurisdiction over an home owner for negligence claims .  

we know that Federal Rule of Civil Procedure permit only counter claims and  federal court have not any subject matter jurisdiction over an landscaper contract claims

6 0
4 years ago
5) You purchased a 3D printer for $60,000 that you expect to print 12,000 parts over its lifetime. You printed 2,000 parts in th
Iteru [2.4K]

Answer:

Depreciation for the first year is $10,000

Explanation:

Unit production method is the depreciation method which is based on the output per year of the asset. The asset is depreciated by the ratio of the output for the year to the output expected over whole useful life.

Cost of printer = $60,000

Expected output = 12,000 prints

Prints in the first year = 2,000

Depreciation for the year = Total cost x output for the year / expected output over useful life

Depreciation for the first year = $60,000 x 2,000 / 12,000

Depreciation for the first year = $60,000 x 1/6

Depreciation for the first year = $10,000

4 0
3 years ago
Akron, Inc., owns all outstanding stock of Toledo Corporation. Amortization expense of $15,000 per year for patented technology
const2013 [10]

Answer:

A. Yes

B. $170,000

Explanation:

A. Yes For consolidation purposes, the direction of the transfers for either upstream or downstream does affect the balances to be reported here reason been that when calculating the noncontrolling interest balances in a situation where it is present we have to taken into consideration the deferral of unrealized gross profits on upstream sales where Downstream on the other hand are assigned to the parent in which they will be viewed as if they have no any impact on the outside interest.

B. Preparation of a consolidated income statement for the year ending December 31, 2018

AKRON, INC. AND CONSOLIDATED SUBSIDIARY

Income Statement Year Ending December 31, 2018

Sales $1,380,000

[1,100,000+(600,000-320,000)

Less Cost of goods sold ($575,000)

(500,000+50,000+15,000)

Gross profit $805,000

($1,380,000-$1,380,000)

Operating expenses 635,000

(400,000+220,000+15,000)

Consolidated net income $170,000

($805,000-635,000)

Therefore Consolidated net income will be $170,000

7 0
3 years ago
At GoodSpeak Telecommunications, when managers have a job opening, they look first at the employees who are already in the compa
Zina [86]

Answer: Internal Recruiting

Explanation:

The managers at Goodspeak Telecommunications, are making use of internal recruiting to fill their job vacancies in the company.

Internal Recruiting is a method of hiring workers, done by first of all considering the internal employees of the company to fill the vacant job position.

6 0
3 years ago
Which famous person was known as the original dollar ​
creativ13 [48]
George Washington: Washington has been called the "Father of His Country" for his manifold leadership in the formative days of the new nation.
4 0
3 years ago
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