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Arte-miy333 [17]
3 years ago
10

The rate of interest banks charge on short-term loans to their best customers is the _____.

Business
1 answer:
abruzzese [7]3 years ago
7 0

The rate of interest banks charge on short-term loans to their best customers is called the prime rate. This is given to customers who have good credit record. It serves as the basis of the lending rates that will be given to other customers. Usually, prime rates are feasible to large corporations and not with sole borrower.

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Four problems associated with money​
UNO [17]

Answer:

Hmm.

Explanation:

<em>Problems making ends meet</em>

<em>Accumulating too much debt. </em>

<em>Making poor purchasing and investing decisions. </em>

<em>Being unable to enjoy money.</em>

<em />

<em>(Source; USATODAY.com)</em>

<em />

3 0
3 years ago
Albinson Company paid $96,000 for a two-year insurance policy on October 1 and recorded the $96,000 as a debit to Prepaid Insura
FromTheMoon [43]

Answer:

Debit Insurance expense    $12,000

Credit Prepaid Insurance    $12,000

Explanation:

When insurance is paid in advance, the entries required are  

Debit Prepaid Insurance

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As time elapses and the insurance expires,

Debit Insurance expense

Credit Prepaid Insurance

Monthly insurance expense

= 1/24 * $96,000

= $4,000

Between October 1 and December 31 is 3 months

Total insurance expense = 3 * $4,000

= $12,000

7 0
3 years ago
Why do we need to suffer from taxes
scoray [572]

Answer: In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Taxes fund public libraries and parks. Taxes are also used to fund many types of government programs that help the poor and less fortunate, as well as many schools! Taxes are important to federal, state, and local governments. They are the primary source of revenue for the corresponding level of government and fund the activities of the governmental entity.

Explanation:

3 0
2 years ago
Read 2 more answers
BRAINLIEST Prepare a balance sheet in proper format for the company as of December 31st based on the following accounts. Answer
Naya [18.7K]

Answer:

45000

Explanation:

3 0
3 years ago
The entertainment industry in the united states is dominated by viacom, disney, and time warner. these companies operate in what
liq [111]

The answer is <u>"Oligopoly".</u>


Oligopoly is a market structure with few firms, none of which can shield the others from having huge impact. The focus proportion estimates the piece of the overall industry of the biggest firms. An imposing business model is one firm, duopoly is two firms and oligopoly is at least two firms. There is no exact maximum breaking point to the quantity of firms in an oligopoly, however the number must be low enough that the activities of one firm altogether impact the others.  

8 0
3 years ago
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