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3 years ago

Interest is:

2 answers:

4 0

Hey there,

The word (interest) is when you borrow money but there is a little more money you have to add because of the fact that you took there money. So it is basically a charge on your self because you borrowed, they also need to make profit.

Your correct answer would be <span>a charge for the convenience of accessing money stored in your bank account.</span>

anastassius [24]3 years ago

4 0

Answer:

The correct answer is: B

Explanation:

Interest is charged by a creditor or the party lending money to a debtor or the party receiving money for the use of assets, which can be cash, a car, a house and so on. The interest rate is the interest amount expressed as a percentage of the initial value of the asset that was borrowed. In practice, a creditor would charge a lower interest to a debtor who is considered to have a lower default risk and a higher interest to a debtor who is considered to have a higher default risk. Default risk: is the probability that a debtor would be unable to meet the payment obligations of their debt.

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Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,535 29

Nesterboy [21]

Answer:

Rock Inc.

Gross profit ratio:

= 0.70

Explanation:

a) Data and Calculations:

Sales $473,864

Cost of Goods Sold 142,263

Gross profit $331,601

Gross profit ratio = Gross profit/Sales

= $331,601/$473,864

= 0.69978

= 0.70

b) Rock's gross profit is the difference between the Sales Revenue and the Cost of Goods Sold. It is the first profit point on the Income Statement. It measures the company's ability to convert sales revenue into profit after accounting for the cost of goods sold. This profit will cover the expenses incurred in running the business for the particular period.

7 0

3 years ago

This is not an effective use of wikis.

Cerrena [4.2K]

The answer should be B) Online Conversation.

Why is it B) U may ask? Its B) because Wikipedia is a site with false answers because ANYBODY, I mean ANYBODY, can just edit it themselves with probably true information, or even MORE likely false because anybody can change the stuff on there.

5 0

3 years ago

Read 2 more answers

4. when the total expenses are greater than the total revenues, (a) the income summary account has a credit balance. (b) the inc

irina [24]

When the total expenses are greater than the total revenues, then the income summary account has a debit balance.

An income summary account is a temporary account in which the revenue and expenses closing entries are entered to find out the profit or loss.

In the income summary account, all the revenue account closing entries are credited, and all the expenses closing entries are on the debit side.

Thus, if the credit balance is more than the debit balance, it shows the profit and if the debit balance is more than the credit balance, it shows the loss.

Learn more about "Income summary":

brainly.com/question/9122916

6 0

1 year ago

A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has ___ goal(s) an

Trava [24]

Answer: single; quantitative

Explanation:

The discounted cash flow analysis is a method that is used to determine the value of a project, security, or assets by using time value of money.

The discounted cash flow analysis is used in real estate, investment finance, patent valuation etc. A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has single goal(s) and quantitative measures.

6 0

3 years ago

Select best example below illustrative of transaction costs.a. All of the above b. The costs of various dinners during which a c

vaieri [72.5K]

Answer:

The correct option is A

Explanation:

Transaction costs are the whole array of costs associated with selling, buying, transferring goods etc.

Transaction costs can be of different types which are:

search costs
monitoring costs
Bargaining costs
transfer costs etc.

4 0

3 years ago