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2 years ago

Both interest bearing and noninterest bearing notes bear interest. A. True B. False

Business

1 answer:

Veronika [31]2 years ago

3 0

The statement "Both interest bearing and noninterest bearing notes bear interest." is true.

An interest-bearing note bears interest. The interest on a non-interest-bearing note is subtracted from the note's principal. So, the statement is true.

An interest-bearing note is a sum of money that a lender lends to a borrower, with interest accruing in line with the conditions of the contract.

A non-interest bearing note is a loan for which the borrower is not legally required "to pay the lender any interest" at all.

Both kinds of notes bear interest, hence the term "noninterest bearing" is misleading. Interest is deducted from a noninterest bearing note at the time the loan is made.

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Which job would most likely require a college degree?

IrinaK [193]

"Financial Manager" would most likely require a college degree.

Financial managers are in charge of the money related well-being of an association. A four year degree in finance (bachelor), bookkeeping, financial aspects, or business organization is usually the least qualification required for Financial managers. However, numerous businesses currently look for individuals with a master degree, ideally in business studies, finance etc.

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3 years ago

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According to the classical theory of inflation, an increase in the money supply would cause _____ to shift to the _______. Outpu

ASHA 777 [7]

Answer:

According to the classical theory of inflation, an increase in the money supply would cause aggregate demand curve to shift to the right. Output would increase and price level would increase. However, in the long run, would shift to the left. Output would reduce and the price level would continue to increase.

Explanation:

Inflation occurs in an economy when the overall price level increases and the demand of goods and services increases.

the classical theory of inflation explains how the aggregate price level gets determined through the interaction between money supply and money demand.

Tn the classical theory of inflation:

Money is considered the asset which is utilized by people to purchase goods and services on a regular basis.
Their view is that the general price is determined by the total demand for and total supply of goods just as the price of any good is determined by the forces of demand and supply for it.
According to them inflation is a situation caused by excess demand, in which the total demand for goods as measured by the volume of money offered is in excess of supply of goods at prevailing prices.

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3 years ago

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A company had inventory on November 1 of 5 units at a cost of $19 each. On November 2, they purchased 10 units at $21 each. On N

nydimaria [60]

Answer:

The answer is $221

Explanation:

LIFO means Last in First out i.e the inventory that was bought last will be sold out first.

Opening balance:

November 1: 5 units at $19 each

Purchased:

November 2: 10 units at $21 each

Purchased:

November 6: 6 units at $24 each

Sold:

November 8: 10 units at $54 each

Total number of units bought plus Beginning inventory = 5 + 10 + 6 = 21 units

Therefore, number of units remaining at November 8 after sales is 21 - 10

=11 units.

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2 years ago

Eight methods for improving intercultural communication

Phoenix [80]

Hi there! I know you asked for eight methods but I can only think of five methods. The first method would be to be aware of your own country. The second method is to become and or think like a learner. The third method is get mystical as in get curios. It's like think. The fourth method is to listen. And the last but not least. The fifth method is look at different cultures.

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3 years ago

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A group of workers normally consists of 60 men, 30 women and 20 boys. They are paid at standard hourly rates as under:

dexar [7]

Labour cost variance = R.s 33,000 (F)
Labour rate variance = R.s 33000 (F)
Labour efficiency variance = 0

Given:

Standard Number of men = 60

Standard Number of women = 30

Standard Number of boys = 20

Standard hour rate for men = R.s 280

Standard hour rate for women = R.s 160

Standard hour rate for boys = R.s 140

Weekly working hour = 40 hours

Expected unit = 5,000 units

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Number of women in march week = 25

Number of boy in march week = 25

Actual wage for men = R.s 270

Actual wage for women = R.s 165

Actual wage for boys = R.s 130

Actual units = 4,500 units

Find:

Labour cost variance
Labour rate variance
Labour efficiency variance

Computation:

Labour cost variance = [SC for AO] - AC

Labour cost variance = [( 70 × 280) + (25 × 160) + (25 × 140)] - [(70 × 270) + (25 × 165) + (25 × 130)] × 40

Labour cost variance = (27,100 - 26,275 ) × 40

Labour cost variance = R.s 33,000 (F)

Labour rate variance = (SR - AR) × AH worked

Labour rate variance = [(280 - 270)70 + (160 - 165)25 + (140 - 130)25]40

Labour rate variance = [700 - 125 + 250]40

Labour rate variance = [825]40

Labour rate variance = R.s 33000 (F)

Labour efficiency variance = (SH allowed - AH worked)SR

Labour efficiency variance = (0 - 0)SR

Labour efficiency variance = 0

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2 years ago