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inn [45]
3 years ago
5

If you borrow money from a lending institution and agree to pay back the original amount plus the accrued interest, what does it

signify?
A.
credit from the lending institution
B.
you are a creditor in the Lending institution’s account
C.
the lending institution has debited its account
D.
your personal account shows cash outflow
E.
lending institution shows cash inflow
Business
1 answer:
drek231 [11]3 years ago
3 0

Answer:

Option A.

Explanation:

Bank credit refers to the total amount of credit which is available to an individual or a business from a banking institution. It is the total amount of combined funds which financial institutions can provide to an individual or business.

A business or an individual's credit approval will depend on the following:

- borrower's credit rating,

- income,

- collateral,

- assets,

- pre-existing debt,

- total amount of credit available in the banking institution, etc.

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Sally’s parents deposited $15,000 into a college savings account on her third birthday. The account had an interest rate of 9.6%
kozerog [31]

Answer:

The correct option is yes,the $15,000 will double each 7.5 years.In 15 years ,it will double twice.

Explanation:

The 72 rule stipulates that the number of years it would take an investment to achieve accumulate a certain amount- future value, can be computed by dividing 72 by the interest rate earns by the investment

N, the number of years=72/9.6

                                      =7.5 years

Invariably,in 7.5 years' when Sally would have been 10.5 years(3 years now+7.5 years) the investment would have doubled.

By another 7.5 years when Sally would have been 18 years(10.5 years +7.5 years), the investment would have doubled twice.

The 72 rule is fast-track approach to calculating the duration of an investment.

7 0
3 years ago
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If a stock split occurred, when calculating the current year's EPS, the shares are treated as issued:A. At the end of the year.B
son4ous [18]

Answer:

Correct answer is (C)

Explanation:

At the beginning of the year.

Earnings per share (EPS) is the portion of profit earned by the company that is allocated to each outstanding share of its common stock. It is determined by taking the difference between a company's net income and dividends paid for preferred stock and then divided by the average number of shares outstanding. So if stock split occurred when calculating the current year EPS, the shares are treated as issued at the beginning of the year.

7 0
2 years ago
you are working to finish an assigned task in order to meet your ship goal when the co-workers and ask you for your help with so
Allushta [10]

The best thing that I can do is to work in my task while giving instructions to my co worker on what to do in regard to the thing he or she needs help on. The least thing I can do is not to help someone who is in need as I know in the future I may need one's help too.

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2 years ago
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U.S. exports of goods and services flow to households and firms in ________, and U.S. financial inflows of capital flow to house
kondaur [170]

Answer:

The correct anwer is: the rest of the world; the United States.

Explanation:

Now, the goods exported by the United States tell only part of the story. Services are the largest export of this country, with sales abroad for 778,000 million dollars last year. In fact, the United States has a trade surplus of $ 243 billion in services, which is good news since the industries in this sector account for 71% of jobs in the country

These are the service industries that generate the most money:

  1. Travel and transportation: 236,000 million dollars.  
  2. Finance and insurance: 76,000 million dollars.
  3. Intellectual property sales: 49,000 million dollars. This includes software, movies and TV shows.
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2 years ago
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