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.

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How can residential interior and architectural design contribute towards housing evolution(s)?

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Answer: Residential interior and architectural design contribute towards housing evolution by building and designing the houses.

Explanation:

Architectures are one who works on the structure of the house. They decide what should be the structure of the house. But the residential interior designers, on the other hand, look after the interior of the house. They decorate the house from inside.

Both of them play a very important role in housing evolution. Houses have developed a lot due to the work done by interiors and architectures. Today a large number of houses are seen in urban areas with all the modern amenities.

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Exchange influence tactic

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Influence tactics are the strategies a leader or an organization adopts so as to get people committed to them, such strategy could be positive and negative, hard or soft.

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Answer:

C) Both I and II

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A partner's tax basis increases as partnership income and gain is allocated to the partner, including the partner's share of tax-exempt income like municipal bonds. The partner must also report a gain on his/her distributive share of partnership items like property, machinery, vehicles or merchandise distribution.

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On March 1, a designer received a check for $7,500 from a customer for services to be provided after the customer chose a color

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Answer:

unearned service revenue 7,500 DEBIT

service revenue 7,500 CREDIT

Explanation:

the job is complete on July 31th

so we write-off the unearned service reveue

and we recognize the service revenue for the whole amount of the contract

The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.

the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed

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