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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:

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3 years ago
You would like to have extra spending money, so you decide to work part time at the local gym. The job pays you $15 per hour and
iren [92.7K]

Answer:

Gross Pay 300 dollar

Federal Income Tax $ 30

FICA $ 22.95

SUTA $ 9

Net Pay: 238.05

As a percentage of gross pay: 79.35%

Explanation:

Gross pay:

20 hours x $15 each = $ 300

Taxes:

income tax: 300 x 10% = 30

FICA 300 x 7.65% = 22.95

SUTA taxes 300 x 3% = 9

Net pay 300 - 30 - 22.95 - 9 = 238.05

Net pay as a percentage of gross pay:

238.05 / 300 = 0.7935 = 79.35%

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3 years ago
The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45.
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Answer:

1.                                                             20Y3             20Y2

A  Sales on account                          $5,637,500    $4,687,500

B Beginning Accounts receivables  $650,000      $600,000

C Ending accounts receivables        $725,000      $650,000

Average accounts receivables        $687,500      $625,000 [D=(B+C) / 2[

Accounts receivables Turnover        8.2                 7.5             [E=A/D]

No of days in sales receivables       44.5                48.7          [F=365 / E]

2. The collection of account receivables has <u>INCREASED</u>. This can be seen in both the <u>INCREASE </u>in accounts receivables turnover and the <u>DECREASE </u>in collection period.

3 0
3 years ago
In the national income accounts, government transfer payments such as old age pensions and unemployment benefits are:
tangare [24]
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3 years ago
As it pertains to the marketing plan, understanding the causes of performance, regardless of whether that performance exceeded,
vlabodo [156]

Answer: enables firms to make appropriate adjustments.

Explanation:

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As it pertains to the marketing plan, understanding the causes of performance, regardless of whether that performance exceeded, met, or fell below the firm's goals is important because it enables firms to make appropriate adjustments.

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