All categories

3 years ago

_____ are the cost of borrowing money.

2 answers:

8 0

Interest rate is the cost of borrowing money. when you borrow money from a bank, a certain amount of money is placed on it that you pay back in respect to how long it takes you to pay.

kogti [31]3 years ago

5 0

"Interest rates" are the cost of borrowing money.

An interest rate is the percent of essential charged by the moneylender for the utilization of its cash. The chief is the measure of cash loaned. Thus, banks pay you a financing cost on stores. They are obtaining that cash from you.

Anybody can lend cash and charge premium, however it's typically banks. They utilize the stores from investment funds or financial records to subsidize credits. They pay interest rates to urge individuals to make deposits.

You might be interested in

The purpose of a statement of retained earnings is to: __________.

marusya05 [52]

Answer:

To determine the closing balance of retained earnings

Explanation:

First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.

The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth

4 0

3 years ago

Participation occurs when employees have a voice in decisions about their own work.

jarptica [38.1K]

TRUE. Participation occurs when employees have a voice in decisions about their own work.

3 0

3 years ago

A company began the year with assets of $117,000, liabilities of $28,500, and stockholders' equity of $88,500. During the year a

algol [13]

Answer:

Change in liabilities = $33,300

Explanation

According to the accounting equation, assets is equal to liabilities + equity. And this equation can be re-written as:

Liabilities = assets - equity

Liabilities at the end of the period = assets at the end - equity at the end

Assets at the end= 117,000 + 56,700= 173,700

Equity at the end = 88,500 + 23,400 = 111,900

Liabilities at the end = 173,700 - 111,900=61800

Change in liabilities = Liabilities at the end - Liabilities at the beginning

Change in liabilities = 61,800 - 28,500= $33,300

8 0

3 years ago

Richard has $652 in his account and is planning a road trip. He looks at how expensive hotels and sightseeing costs are in certa

Cloud [144]

Answer:

The answer is: Detroit $196.87

Explanation:

We first must add the cost of visiting the five cities:

Detroit $196.87

Pittsburgh $180.32

St. Paul $102.87

Cincinnati $155.81

Richmond $211.86

Total cost $847.73

Then we find what is the difference between the total cost and the road trip budget: $847.73 - $652 = $195.73

The cheapest city that Richard can drop is Detroit, by doing so his total expenses will be $650.86, which is below his budget.

4 0

3 years ago

Read 2 more answers

A person who routinely buys goods in good faith from a person who routinely sells such goods.

Mazyrski [523]

They are considered a buyer in the ordinary course of business.

4 0

3 years ago