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3 years ago

Which of the following best describes the purpose of making an investment

Business

1 answer:

LUCKY_DIMON [66]3 years ago

3 0

Answer:

b.) to use money to make more money

Explanation:

<em>The correct reason for making investments would be </em><em>to use money to make more more money.</em>

<u>A financial investment represents the act of allocating money to a process or an item in order to reap profit or generate income in the short term, the long term, or both. </u>

An investment can be in the form of purchased goods or services that can later be sold at a higher amount. It can also be an item or service that will be yielding immediate income while preserving all or parts of its original value.

The money made on an investment is referred to as gains o returns.

<em>The correct option is </em><em>b</em><em>.</em>

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Q 8.3: When would a credit card holder be entitled to lower interest charges? A : When the card company calculates finance charg

Yanka [14]

Answer: Option C

Explanation: The given question relates to the concept of time value of money which in simple words states that the value of money decreases over time. The value of a dollar today will be less than tomorrow.

Hence if a card holder gets grace period to pay the interest before the interest accrues than it means he actually gets to pay lower interest that he could have paid before.

Hence from the above we can conclude that the correct option is C.

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3 years ago

Which of the following should be considered when deciding on a loan?

blsea [12.9K]

The answer is d all of the abovten

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3 years ago

Read 2 more answers

what budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being en

guajiro [1.7K]

Planning, Programming, Budgeting and Execution (PPBE) is the budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being enacted.

<h3> <u>What is a budget?</u></h3>

A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis.
A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, and be able to buy expensive products without falling into debt.

It doesn't have to be tedious, you don't have to be brilliant at arithmetic, and keeping track of your income and expenses doesn't mean you can't buy the items you want. Simply put, it means you'll be more in charge of your finances and know where your money is going.

Know more about budget with the help of the given link:

brainly.com/question/15683430

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1 year ago

To arrive at net cash provided by operating activities, it is necessary to report revenues and expenses on a cash basis. This is

erma4kov [3.2K]

Answer: C) eliminating the effects of income statement transactions that did not result in a corresponding increase or decrease in cash

Explanation:

The income statement comprises of entries that are not cash based in nature but help in the computation of taxes amongst other things such as depreciation and amortization.

When calculating net cash provided from operating activities therefore the income calculated should be adjusted for any expenses or revenue that are not cash based in nature and so will not result in a corresponding increase or decrease in cash.

For instance, adding back depreciation and amortization to the net cash balance as both do not actually reduce the cash balance of the company.

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2 years ago

How would you reconcile for a bank service fee listed on the statement?

konstantin123 [22]

To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.

<h3>What are bank service fees?</h3>

Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.

During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.

Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.

Learn more about bank service charges at brainly.com/question/26494219

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1 year ago