Interest is the cost of borrowing. a. True b. False

1 answer:

8 0

Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.

You might be interested in

About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but

mezya [45]

Answer:

About the Lagrangian method,

We can use it to solve both consumer's utility maximization and firm's cost minimization problems.

Explanation:

Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.

8 0

2 years ago

Identify which characteristic describes common stock (CS) or preferred stock (PS) financing. May have cumulative and participati

shepuryov [24]

Answer:

Common Stock (CS)

Places minimum operating constraints on the firm. - Common stock does not have to be paid dividends so place no obligations on the firm.
Last to receive distribution of assets in the event of bankruptcy and liquidation. - CS is paid last when assets are liquidated as debt and preferred stockholders are paid off first.

Preferred Stock (PS)

May have cumulative and participating features. - Can be cumulative which means that if dividends are not paid in one year, the dividend will be accrued and eventually paid or they can be Participating which means that they can receive more dividends than they are entitled to.
May be convertible into another type of security. - Preference shares can be converted into other securities such as Common stock.

7 0

3 years ago

Is a term used to describe when an officer actively demands payment from an individual or a business in return for certain servi

Elena-2011 [213]

The answer is a payoff or A.

8 0

3 years ago

On the island of Mabera, the local money is called "favoli." The price of every good in Mabera is expressed as the number of fav

tatuchka [14]

<u>Answer:</u>

The correct option is Unit of account

<u>Explanation:</u>

One of the functions of money is Unit of accounts in economics. The worth of an object is measured in a distinct currency. One of the downfalls of unit of account is that it is regarded as the steady unit of account but inflation factor devastate the said assumption that money is steady. It is regarded as the basic property of the money.

Thus, the correct option will be Unit Of Account.

7 0

3 years ago

Read 2 more answers

Blair is a production line supervisor. She spends several hours each week creating specific employee work assignments and produc

kirill115 [55]

Answer: B. Operational planning

Explanation: Blair, the production line supervisor engaged in

" operational planning " activities by creating specific employee work assignments and production schedules for coming weeks.

Operational planning is an activity of preparing plans by a unit in an organization, the plans are meant to state clearly the action and work plan the organization will take to achieve its goals and objectives which is set by management.

3 0

3 years ago