Answer:
The term used to describe the reduction of the balance owed on a loan with each payment made over a period of time is:
d. amortization.
Explanation:
Amortization of a loan is the gradual reduction of the balance owed on a loan because payments are being made over a period of time. Each payment is, therefore, a reduction of the borrowed fund. This gradual reduction through periodic payments is called amortization of the borrowed fund. Loan amortization, therefore, implies the spreading out of the loan payments over time. It is not the same as asset amortization, which is a kind of depreciation.
Answer:
The options for this question are the following:
A. implicit cost
B. accounting cost
C. explicit cost
D. pure economic cost
E. positive economic rent
The correct answer is A. implicit cost
.
Explanation:
Implicit cost is an economics term that refers to the costs of a business that do not require direct spending but, instead, the result of a loss of potential revenue. This concept can have important ramifications for companies and entrepreneurs when they decide how to divide tasks between their workforce and how much they charge for their services. It is also an important concept for individuals to understand when choosing the best time budget for a variety of projects.
The implicit cost of some companies is generally a result of the amount of time it takes a person to complete the business and the time value of that person. For example, if someone hires an independent contractor to complete a plumbing job, that contractor must charge enough to cover their explicit and implicit costs in order to make a profit. The explicit costs will be the cost of the necessary materials, which is quite easy to calculate.
Answer:
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Explanation:
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Answer:
Following are the responses to the given question:
Explanation:
The progress throughout the financial sector does not take a confined path. One can move to more responsible roles when you're on the broad route to changing industries, receiving certificates, or switching disciplines — without even being derailed. Select from the range of staff inside the broad fields of public accountancy. You could be a lead financial official or a partner in a company of qualified checksum. A height of your career.
Although the accounting foundation is founded upon consistent accounting practices, the accountants can apply this theory in many various ways.
Employment accounts governmental and non-profit:
- Accounting Fund
- Jobs of IRS
Public Accounting Jobs:
- Estimated Cost
- Forensic Accountable Enrolled Agent
- Immobilien Assessor
- Accountant Taxation
- Fiscal Prosecutors
- Preparing tax
Jobs in private accounting:
- Clerk of Accounting
- Payable/Deputy Clerk Accounts
- System Accounting Specialist
- Actuarial accountant/accountant insurance
- Bookkeeping
- Analyst for the budget
- Accountant of capital
- Financial Controller/Control Office
- Accountant costs
- Measurement of environmental accountant/sustainability
- Accountant payroll
Fiscal Services:
- Specialist in Business Valuation
- Certificated Financial Planner
- Fiscal Analyst
- Advisor on taxes
Accounts only include the cash that can be represented financially. Some individuals call accountancy "the language of business," as well as its objective is to allow accountancy users to make better choices
This included many tasks performed by the CPAs for its clients:
- Asset records collection and maintenance
- Assess banking transactions and make key management for optimum financial practices
- Reviewing accounting system and financial accounting to verify that they are effective and conform with approved accounting standards and procedures
- Tax documents and related tasks
The <u>correct answer</u> is the Cost of goods sold <em>includes the expenses of buying and preparing an item for sale, it is used to figure gross profit, it is an expense reported on the income statement and it is also called cost of sales.</em>
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Cost of goods sold is an <em>accounting term </em>and its is used to describe the amount of direct <em>costs of producing </em>the goods sold by a company.
- Purchases for the period, Beginning inventory and Ending inventory for the period are the notably particulars used to derive this cost in accounting.
- Let understand also that there is significant difference between Cost of goods sold and Cost of goods available for sales.
In conclusion, this accounting term is listed on the income statement, usually below the <em>sales revenue </em>and before <em>the gross profit.</em>
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<em>brainly.com/question/13499038</em>
