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3 years ago

Using someone else's money, promising to repay at a future date, and paying a fee for use of the money, is the definition for:

Business

2 answers:

Karolina [17]3 years ago

5 0

Hello, this would be credit

horsena [70]3 years ago

3 0

It would be credit for example a credit card

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Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the

patriot [66]

Why are they giving $110,000 more?

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3 years ago

A good file system depends on easy retrieval of information, so it is important that _______.

nataly862011 [7]

It is important that you are able to organize and classify your files so that it would be fast and simple to retrieve them when they are needed. Classify them by topics and arranged them by date as well as by alphabetical order and create a database so that you retrieve them quickly.

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3 years ago

Interest is the rate earned from a stock share savings account deposit loan

Law Incorporation [45]

Answer:

savings account

deposit

Explanation:

Interest is the money earned when deposits or savings stay in a financial institution for some time. Financial institutions such as commercial banks pay interests to encourage the public to save and keep deposits in their bank accounts. Interest earned is determined by the amount of deposit or saving, the interest rate offered, and the duration of time the money stayed in the bank.

A high-interest rate is attractive to the public as it earns more interest. Financial institutions compete for deposits and saving by offering better interest rates.

4 0

3 years ago

Actual sales volume for a period is 5,000 units. Budgeted sales volume is 4,500. Actual selling price per unit is $15 and budget

dlinn [17]

If the actual sales volume is 5000 units,budgeted sales volume is 4500, actual selling price be $15 per unit and the budgeted price per unit be $15.75 per unit then the sales price variance is -$3750.

Given that actual sales volume is 5000 units,budgeted sales volume is 4500 units, actual selling price be $15 per unit and budgeted price per unit be $15.75 per unit.

We are required to find the sales price variance of the data.

Actual Sales volume = 5,000 units

Budgeted sales volume = 4,500

Actual selling price per unit = $15

Planned selling price = $15.75

So, calculation of the sales price variance is given below:-

Sales variance =Actual quantity sold × (actual selling price - planned selling price)

=5000*(15-15.75)

=5000*(-0.75)

=-$3750

Hence if the actual sales volume is 5000 units,budgeted sales volume is 4500, actual selling price be $15 per unit and the budgeted price per unit be $15.75 then the sales price variance is -$3750.

Learn more about variance at brainly.com/question/15858152

#SPJ4

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1 year ago

In the month of April, a department had 600 units in the beginning work in process inventory that were 60% complete. These units

Eduardwww [97]

Answer:

cost to WIP at April 30th: 300,000

materials 240,000

conversion 60,000

Explanation:

Materials equivalent units:

Materials are addedirely at the beginning of the process thus, all are at 100%

transferred out - beginning x percentage of completion + ending x % completion

20,000 - 600 x 100% + 2,000 x 100% =

20,000 - 600 + 2,000 = 21,400

equivalent cost per unit: 2,568,000 / 21,400 = 120

Ending WIP: 2,000 units x 100% x 120 = $ 240,000

Conversion equivalent units

transferred out - beginning x percentage of completion + ending x % completion

20,000 - 600 x 60% + 2,000 x 20%

20,000 - 360 + 400 = 20,040 units

equivalent cost per unit CC: 3,006,000 / 20,040 = $ 150

Ending WIP_ 2,000 units x 20% x $ 150 = $ 60,000

Ending WIP: 240,000 + 60,000 = 300,000 accumulated cost.

7 0

2 years ago