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Scorpion4ik [409]
3 years ago
15

Which costs are paid by the loan application fee?

Business
2 answers:
Vedmedyk [2.9K]3 years ago
7 0

Answer:

Loan application fees can be required for all types of loans and are intended to pay for the costs of the process of loan approval

Explanation:

atroni [7]3 years ago
3 0

Answer:

Credit Check and Administrative costs associated with loan processing is the correct answer.

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Magnet Dot, a printer manufacturing company, set up a website to enable its customers to place orders online. It also set up an
sineoko [7]

Answer:

communication costs

Explanation:

Communication is critical for the success of a business. If the communication cost is high, then communication can become a hindrance to the success of business success. The costs associated with communication include fixed telephone, mobile phones cost, and internet access. Travel and venue cost that facilitates face-face meeting also adds to communication costs.

Businesses are embracing modern technology to cut down on their communication cost. Technology has increased the flow of internal and external communication. Magnet Dot is likely to grow as a business as customers can order for products over the internet.

3 0
3 years ago
Bethany Richards is a book rep. She sells books to schools and libraries. She earns a 9 percent commission on every book she sel
Zanzabum

Answer:

The correct answer is: $284.10.

Explanation:

The percentage of a number represents a part of it. Typically percentages are used when a certain amount of money is to be paid out of another amount because of services being provided or for using the money as instruments of investments like bank loans.

In Bethany Richards' case, she receives 9% in commissions for all the books she sales. Then,

Total amount for books sold = $963.25 + $742.00 + $614.35 + $837.10

Total amount for books sold = $3156.70

Thus,

Bethany's monthly commission = $3156.70 x (9%)

Bethany's monthly commission = $284.10

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3 years ago
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2 years ago
The amounts for recording properties and services purchased by a business are determined using the:______.
Alex17521 [72]

The amounts for recording properties and services purchased by a business are determined using the cost concept.

<h3>Which principle determines the amount initially entered into the records for purchases?</h3>

A principle of accounting establishes the initial amount entered for purchases in the accounting records. According to the cost idea of accounting, all purchases of items (such as assets or items required for spending) should be recorded and kept in books at their original cost. Therefore, unless specifically indicated differently, it should be understood that an asset's value on a balance sheet represents its cost. Let's use the case of a company that pays cash or bank for a building worth $200,000. The worth of the building will be recorded in the accounting records using the cost concept of accounting, which equals $2,000,000. After four years, the building's worth increased to $1,000,000.

To learn more Cost concept, Visit:

brainly.com/question/24077535

#SPJ4

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2 years ago
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My mission in life is to be a person for others. I want to share my talents and skills to other people. Aside from this, I want to extend my help especially to those in need. Everyday in my life, I would like to give positively impact to each person I meet.

Someday, I aspire to become a lawyer in which I believe is a great and respectable profession. I want to provide high quality legal services. I want to be known as someone who is innovative and excellent in creating legal solutions. By doing so, this will give fulfillment in my career and pride to my family.
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