1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s344n2d4d5 [400]
3 years ago
10

Define finance charge

Business
2 answers:
nydimaria [60]3 years ago
8 0

Answer:

finance charge is any fee representing the cost of credit, or the cost of borrowing. It is interest accrued on, and fees charged for, some forms of credit. It includes not only interest but other charges as well, such as financial transaction fees.

Explanation:

Setler [38]3 years ago
7 0

Answer:

A finance charge is the cost of borrowing money, including interest and other fees. It can be any fee representing the cost of credit, or the cost of borrowing.

Explanation:

You might be interested in
Choose the correct statement.
Kamila [148]

Answer:

The correct answer is D. Choices that are the best for more than one person are said to be in the social interest.

Explanation:

The social interest is a concept sufficiently clarified in Company Law. The Capital Companies Law refers to it in terms of challenging social agreements: if an agreement is not in accordance with the corporate interest, it can be challenged. It is only negatively contested, that is, if the plaintiff can argue that the agreement is contrary to the social interest, so that it is not a validity requirement that the agreement be in accordance with the social interest. Likewise, if the administrators act against the social interest when they exercise their discretionary powers, they incur responsibility for violation of their duty of loyalty.

3 0
3 years ago
Which of the following statements is CORRECT?
Kaylis [27]

A, B, D ,and E statements are correct

Explanation:

The main reason for the annual report is that it is utilized by investors when they expect future income and dividend from the company as well as the risks associated with those cash flows.

The statement of income shows the difference between the income and costs of a company–that is, its profits–over a given duration. Nevertheless, any income reported comes in cash and the expenditure reported always reflects cash expenditures. There will therefore be no substantial difference for the same period between a company's profits reported and its real cash flow.

Suppose all companies follow generally accepted standards of transparency. Two years ago, both companies started operations with similar fixed assets worth $1 million, and neither company sold either or purchased any of these properties. All firms would have to report to their balance sheets the same amount of net fixed assets as the statements are sent to creditors.

Assets other than currency are expected to produce cash over time and the amount of cash they generate will be the same as the amounts on the ledger.

5 0
3 years ago
Four buyers are in the market for a new car. suppose buyer 1 is willing to pay $20,000, buyer 2 is willing to pay $56,000, buyer
iren2701 [21]
Id take buyer 2 offer because hes doubling what your asking for it
8 0
3 years ago
Firms U and L each have the same amount of assets, investor-supplied capital, and both have a return on investors' capital (ROIC
Tanya [424]

Answer:

The correct option is a.

Explanation:

In the question, it is given that there are two firms namely U and L who has same same amounts of assets, investor supplied material, and Return on investor capital.

The Firm U is unleveraged which has 100% equity

whereas,  Firm L is leveraged firm which has 50% debt and 50% equity

As we have to compare these two firms based on return on equity.

So, based on ROE, Firm U has 100% equity so it have more equity

And, the Firm L have 50% equity which means the firm has low equity as 50% contribution is gone to the debt.

The rest information which is given in the question is irrelevant. So, it is ignored.

Thus, the Firm L has a lower ROE than Firm U

Hence, the correct option is a.

4 0
3 years ago
Banks that are members of the federal reserve have the benefit of?
shusha [124]

Answer:

Earning dividends from stock in the federal reserve

Explanation:

Earning dividends like this can be a small asset over the long period.

5 0
3 years ago
Other questions:
  • You can purchase an item you need for a project for $10,000 and it has daily operating costs of $500, or you can lease the item
    5·1 answer
  • A respondent to a survey indicates that she drives a ford taurus. this is an example of qualitative data.
    9·1 answer
  • The demand for labor curve shows:a. an inverse relationship between the real wage and the amount of laborhired.b. a positive rel
    8·1 answer
  • A person needing help in planning a retirement program, setting aside educational funds, and deciding where and how much to inve
    14·1 answer
  • Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 20 percent next year and then red
    8·1 answer
  • The FIFO method provides a major advantage over the weighted-average method in that: A. the calculation of equivalent units is l
    14·1 answer
  • Michael (single) purchased his home on July 1, 2009. He lived in the home as his principal residence until July 1, 2017 when he
    7·1 answer
  • Sue’s bank account has a balance of $899.83 before she starts spending money. She makes the following transactions: Transaction
    6·2 answers
  • Lion Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 22 years to maturity
    14·1 answer
  • Natalie is a skilled theater artist. She is offered a job as a manager in a bank with an annual salary of​ $30,000, and she has
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!