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navik [9.2K]
3 years ago
5

Why is interest typically paid on a loan? A. to compensate the borrower for borrowing from a specific lender B. to ensure that p

eople do not borrow money without having a good reason C. to compensate the lender for the risk that the loan will not be repaid D. to compensate the lender for temporarily making do without the money that was lent
Business
1 answer:
Svet_ta [14]3 years ago
4 0

Answer:

The correct answer is option D.

Explanation:

An interest rate is an amount charged by a lender on the use of assets. It is expressed as a percentage of the principal. The interest rate is the return on lending for a lender and the cost of borrowing for the borrower.  

Interest is typically paid on a loan to compensate for the opportunity cost of lending money. A lender could invest the money instead of lending and get a higher return from it.  

To compensate for not using the money for an alternative purpose or for temporarily making do without the money that was lent, the borrower pays a certain percentage of principal to the lender.

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Discuss the Sarbanes-Oxley Act 2002 and how it helps curb accounting fraud.
Soloha48 [4]

The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.

hope this helps

4 0
4 years ago
Read 2 more answers
Match the job descriptions with the job titles.
Marina CMI [18]

Answer:

See below

Explanation:

The job description is a document that shows the duties, responsibilities, and skills to perform a specific role. For example;

<u>Negotiate insurance settlement- </u><u>Claim adjuster</u>

The claim adjuster gathers reports and facts to the insurer.

<u>Certifies the financial record of the business-</u><u> Auditor</u>

An auditor ensures the reports and records are well examined in an organization.  He or she verify the assets and liabilities.

<u>Help a company build a positive image in the media-</u><u> Public relation specialist.</u>

Public relations help in building trust and creating awareness about the organization.

<u>Negotiates the rates for transportation of goods- </u><u>Cargo and flight agent</u>

cargo and flight agents ensure that shipments are delivered on time, and fees are collected.

6 0
3 years ago
Dakota, Inc. is a merchandiser of medallions. The company sold​ 15,100 units during the year. The company has provided the fol
love history [14]

Answer:

$19.21

Explanation:

The computation of the unit cost per item is as follows:

Beginning merchandise inventory $52,000

Add: Purchases + freight in   $293,000  ($280,000 + $13,000)

Less: Ending merchandise inventory -$54,900

Cost of goods sold     $290,100

Now the cost of goods sold per unit is

= $277,100 ÷ 15,100 units

=  $19.21

7 0
3 years ago
Which examples demonstrate common Financial and Investment Planning workplaces and employers? Check all
jenyasd209 [6]

Answer:

The correct answers are,

  • -Carmen Works in an investment companies office analyzing the level of risk that different Investments offer
  • -Luisa works at a stock exchange buying and selling securities for customers
  • -Ladonna is self-employed and meets with customer dinner office to provide Financial advice ​

Explanation:

financial advisory is an important aspect in the business world and is important for the companies and start ups to smartly and effectively utilize their finances.

most of the time, those who are in the profession of "financial advisory" are carefully monitored by regulatory bodies such as the securities and exchange commissions and related professional body.

in this scenario, investment officers and stock brokers are shown, all fall under the category of advisers.

3 0
3 years ago
The 1924 name change from The Computing, Tabulating, and Recording Company to International Business Machines was done in part t
Dmitry [639]

Answer: d. Business

Explanation: International Business Machine is a multinational IT consulting corporation. The name change to IBM was to signal an expanded business offering and services of the organization.

5 0
3 years ago
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