1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nady [450]
2 years ago
8

Is interest on loan an expense or a liability....Please help​

Business
1 answer:
GREYUIT [131]2 years ago
3 0

Answer:

expense

explanation :

when we're about loan we are talking about a business or a person who is taking a loan. in this case the person or the firm pay interest on the loan.

You might be interested in
Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning
lubasha [3.4K]

None of the alternatives are correct.

Explanation:

When a builder enters into an agreement to construct a commercial building in the residential areas that violates the laws , as a result the government stops construction. If such a scenario occurs the workers will not be paid as the construction process has stopped, so no productivity will take place and thus the workers will have to face the scenario.

While signing a contract the contractor must have proper knowledge regarding the property. Otherwise the workers will not be able to earn their daily wage.

7 0
3 years ago
a person was able to invest 1,000 per month for 30 years with interest rate of 5%. 1. find out how much the person will have in
sveticcg [70]

Answer:

1.  $832,258.64

2. $616,550.50

3. $476,407.77

Explanation:

As the question is concerned, we are to calculate the Future value for the following data

1. PV = 0

PMT = 1,000

N = 30*12 = 360

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value =  PV(0, 1,000, 360,0.05/12)

Future Value =  $832,258.6354

Future Value =  $832,258.64

2.   PV = 0

PMT = 1,500

N = 20*12 = 240

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value = PV  (0, 1,500,240, 0.05/12]

Future Value = 616,550.5028

Future Value = $616,550.50

3.  PV = 0

PMT = 800

N = 25*12 = 300

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value =  PV (0, 800, 300, 0.05/12]

Future Value = 475,407.7668

Future Value = $476,407.77

7 0
3 years ago
Which of the following statements concerning consumption is incorrect? Group of answer choices Wealthy people consume more than
Liono4ka [1.6K]

Answer:

Savings rates decrease as income increases.

Explanation:

Consumption can be defined as the use of goods and services by the household or end users.

The true and correct statements about consumption are;

1. Wealthy people consume more than other people.

2. Expectations about future prices affect consumption.

3. Tax increases reduce consumption.

The incorrect statement concerning consumption is that, savings rates decrease as income increases because an increase in income generally result in an increase in savings rates.

3 0
3 years ago
An individual involved in the communication process
BabaBlast [244]

Interpersonal communication

4 0
3 years ago
In comparison to salespersons at low performing organizations, salespersons at high performing organizations: Group of answer ch
JulsSmile [24]

Answer:

<em>The correct answer is: </em>spend more time with their best potential customers always work in teams

Explanation:

Salespeople from high-performance organizations differ from salespeople in low-performance organizations in that they focus on their best customers and develop teamwork.

This strategy of focusing on the potential customer consists of establishing relationship marketing.

That is, direct your efforts to build a relationship with the consumer, which is the key to creating value for a brand.

The creation of a relationship with the consumer consists of offering products and services totally aligned to their needs and desires, to offer a more personalized and effective service to increase the perception of the brand and position it in the market.

Teamwork is also essential in a high-performance organization, as it creates a positive organizational culture focused on the development of ideas, creativity and innovation, essential to offer an efficient and effective sales service.

7 0
3 years ago
Other questions:
  • Oona wants to conduct research on personnel management, workplace environment, and what type of environment results in high leve
    6·2 answers
  • What is a review of successful products that takes place during the production​ process?
    7·1 answer
  • The Quarter Burger is a hamburger sold by the international fast-food chain Sammy's Burgers. It was given the name because it co
    14·1 answer
  • Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine
    9·1 answer
  • Which of the following stages in a buying sequence will result in a specific option or set of options from which price, delivery
    13·1 answer
  • Book Bound sells a wide variety of books to retail bookstores. Book Bound recently published two new books: a popular mystery no
    8·1 answer
  • Dr. Riley, a professor in the economics department, finds that if he keeps his door open, people tend to stop in to say hello. T
    12·1 answer
  • All of the following are functions of packaging EXCEPT:____________A) containing and protecting the product.B) guaranteeing prod
    8·1 answer
  • How does the WTO promote global free trade?
    6·1 answer
  • Please identify a firm using the various variables used in SCM and OHS&amp;S as per legal requirements.​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!