Milka's balance sheet reports: Interest payable for one month.
<h3>What is interest?</h3>
The fee you pay to borrow money or the fee you charge to lend money is called interest.
Some features of interest are-
- The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
- The compensation a lender or financial organization receives for giving out money is called interest.
- The most common way to represent interest is as a yearly percentage of the loan amount.
- The interest rate on the loan is known as this percentage.
- For instance, if you put money in a savings account, a bank will provide you interest.
The three types of interest include -
- simple (regular) interest: The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
- accrued interest: The amount of interest accrued on a loan or other financial obligation as of a certain date that has not yet been paid back.
- compounding interest: The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
To know more about the estimation of simple interest, here
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I think and arrange Charlie as having an autistic disorder, which can be grouped by impeded social association and correspondence.
It is a neurological and formative issue that typically shows up amid the initial three years of life. A tyke with extremely introverted-ness seems to live in their own reality, indicating little enthusiasm for others and an absence of social mindfulness.
Answer:
A
Explanation:
Domestic firms go global in order to enter unsaturated markets
Not all countries report their financial statements in US dollars
Firms can avoid labour laws that apply to foreign manufacturers by establishing manufacturing units in the country where the hurdles don't apply
Due to cultural differences, different marketing strategies have to be applied
Answer:
Reverse Mortgage Loan
Explanation:
Banks allow older people above the age of 62 to use their home's value to obtain a reverse mortgage loan. The bank values the home and extends credit facilities to its elderly owners. The loan amount is usually a part of the home's value and is paid as a lump sum or fixed monthly payments.
Maury wants to apply for a reverse mortgage loan. He will use the value of their home to obtain a credit facility to care for Bev. Maury does not need to repay the loan. The bank will recover its money by selling the house once the couple dies or relocates.
Answer:
The correct answer is option a.
Explanation:
The price elasticity of demand shows the responsiveness of quantity demanded to change in price. It is measured by the ratio of proportionate change in quantity demanded and proportionate change in price.
Unit price elastic means that the price elasticity of the good is 1. This implies that the percentage change in quantity demanded must be equal to the percentage change in price.
