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olga2289 [7]
2 years ago
13

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

Business
1 answer:
Rama09 [41]2 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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Brief, Inc., had a receivable from a foreign customer that is payable in the customer’s local currency. On December 31,2017, Bri
Pachacha [2.7K]

Answer:

The Foreign exchange gain is $10,000.

Explanation:

The amount of gain that should be reported as the foreign exchange loss is the excess of dollar equivalent over reported local currency units (LUCs), so the Foreign exchange gain is calculated as follows:

Foreign exchange gain = dollar equivalent - local currency units

                                       = $120,000 - $110,000

                                       = $10,000

Therefore, The Foreign exchange gain is $10,000.

6 0
3 years ago
Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
Sedbober [7]

Answer:

Keeping its interest rates low

Explanation:

Interest rates correlate with the exchange rate of a country. Low-interest rates are unattractive to foreign investors. Investors associate low-interest rates with reduced returns. In the foreign exchange market, the demand for such a country's currency will below, resulting in a lower exchange rate against other currencies.

If a country has low-interest rates, its currency will be in low demand, meaning its strength will be relatively weaker against the US dollar.  One dollar will be able to buy a large quantity of goods and services from such a country. In other words, that country's exports will be cheaper in the USA.

8 0
3 years ago
Read 2 more answers
A decrease in the long-run average total cost as output increases is due to rev: 06_26_2018 Multiple Choice the law of diminishi
Pepsi [2]

Answer:

The correct answer is economics of scale.

Explanation:

Economies of scale can be defined as the cost advantage experienced by the firms when they increase their output level. As the cost of production gets spread over a large quantity of output the average cost declines.  

These costs can be both variables as well as fixed. Economies of scale can be both internal as well as external.  

Size of business affects the economies of scale, larger the firm the more will be savings on cost.  

4 0
3 years ago
The term ________ refers to a limited-capacity store that not only retains information over the short term (maintenance), but al
notka56 [123]

Answer:

Short term memory or working memory

Explanation:

Woekin memory or short term memory refers to a limited-capacity store that not only retains information over the short term (maintenance), but also permits the performance of mental operations with the contents of this store (manipulation)

7 0
3 years ago
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After months of thinking about the new laptop she heard about from a friend, anna finally decides it’s time to buy it. In what s
inna [77]

The stage of the customer journey of Anna is the Purchase phase.

Awareness: the customer becomes familiar with the brand via channels, consisting of advertising and word-of-mouth. Consideration: realizing that they have a need that must be met, the customer actively considers whether or not to buy the product or service on offer. Purchase: the customer makes the purchase.

Customer's journey. is defined as the active research process someone goes through leading up to a purchase. It is called a journey because each one of your prospective customers will be at different points in their journey towards a purchase.

Learn more about the Purchase phase here brainly.com/question/27975123

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7 0
1 year ago
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