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olga2289 [7]
3 years ago
13

Explain why making the minimum payment leads to paying the most interest

Business
1 answer:
Rama09 [41]3 years ago
4 0

Paying the minimum interest on an account balance leads to paying the most in interest because you will make the payments over a longer period of time. The sooner you get the balance paid off, the less amount of interest you will pay. Interest stacks on top of each other over the length of time to pay the debt off.

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Managers at the Blue Dragon Inc., an international company with operations in China and the United States, are often heard compl
Arisa [49]

Answer:

Explanation:

In order to effectively tackle this problem, Blue Dragon Inc. should vary its management processes and practices to account for these differences. By varying these processes and practices they are applying the best of both cultures into their company, thus allowing the companies in each country to better understand how the other one functions. This will drastically increase communication and cooperation between these two international company's.

4 0
4 years ago
Texas will not implement a statewide income tax in the immediate future because
d1i1m1o1n [39]
In order for a statewide income tax to be approved, there must be a vote with the majority approving the measure.

<span>Texas will not implement a statewide income tax in the immediate future because the voters will disapprove the measure.</span>
6 0
3 years ago
Which inventory costing method assumes that items in ending inventory are the most recently acquired?
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The Last-In, First-Out (LIFO) inventory costing method assumes that items in ending inventory are the most recently acquired.

<h3>What is LIFO and FIFO methods of inventory?</h3>

LIFO refers to the Last In, First Out. LIFO is a method that assumes that the last unit that has been added in the inventory or more recently, will be sold first.

FIFO stands for First In, First Out. FIFO method assumes that the oldest unit of inventory that has been added first, would be sold first.

Basically, FIFO and LIFO accounting are the inventory costing methods used in managing inventory.

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4 0
2 years ago
Drag each label to the correct location on the image.
Alla [95]
Closing price coupon rate, face value, maturity date ... Tags related to this set ... Identify the feature of stocks and bonds ... Match each cost with the investment type to which it relates. ... A-rated bond, blue-ship stock
Rating
4 0
3 years ago
When a company holds stock of several different corporations, the group of securities is identified as a(n)
Readme [11.4K]

Complete Question:

When a company holds stock of several different corporations, the group of securities is identified as a(n)?

Group of answer choices

a) investment portfolio

b) controlling interest

c) consolidated portfolio

d) affiliated investment

Answer:

a) investment portfolio.

Explanation:

When a company such as a hedge fund, investment company etc, holds stock of several different corporations, the group of securities is identified as an investment portfolio.

An investment portfolio could comprise of cash and cash equivalents, stocks, commodities, bonds, currencies, real estate investment trusts (REITs) and other financial assets such as exchange-traded funds (ETFs) and mutual funds used by an investor to earn profits while ensuring they're well preserved.

7 0
3 years ago
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