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Whitepunk [10]
3 years ago
8

The price of money borrowed or saved is called _____. interest loan money supply

Business
1 answer:
Vlad1618 [11]3 years ago
7 0
The price of money borrowed or saves is called INTEREST.

When you borrow money, interest is also paid on the principal. When you save money, interest is earned on the savings. This is the price of money borrowed or saved. 
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You deposit $100 on a bank 10% interest rate account for one year. How much do you get in one year time?
katen-ka-za [31]

Answer:

$10

Explanation:

10% of 100 is 10. 100÷10=10

8 0
3 years ago
For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e
beks73 [17]

Answer:

Total Selling Expenses for the month of February is $241,000

Explanation:

Sales Commissions ($700,000 of sales x 5%)  = $35,000

Sales Manager Salary = $96,000

Advertising expenses = $90,000

Shipping expenses = ($700,000 of sales x 2%) = 14,000

Miscellaneous selling expenses = ($2,500 + $700,000 x 1% x 0.5) = $6,000

Total Selling Expenses (Summation of all the calculated above working)= $241,000

5 0
3 years ago
Brokers differ from insurance agents in that ____
leva [86]

Answer: Option A          

Explanation: A broker refers to a person or a firm who charges fees from the investors for executing their purchase and sale transactions. The broker sometimes also charge their customers for their consultancy services.

Whereas insurance agents refers to the person who sell the insurance policies to the general public and in return gets commission from the insurance company on the premiums paid by the insured.

Hence from the above we can conclude that the correct option is A.

8 0
3 years ago
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation:
shtirl [24]

Answer:

Find the balance sheet in attached excel file

Explanation:

Please note that the workings is before the final figures placed in respective columns.

Download xlsx
6 0
3 years ago
Younger asks zoey, "do you want to buy one of my fishing rods?" this is​
Murljashka [212]

The way that Younger asks Zoey about buying her fishing rods is considered to be an offer that is not valid or referred to be as invalid because the way she offers her fishing rod is not definite or specific.

5 0
3 years ago
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