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faltersainse [42]
4 years ago
10

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

Business
1 answer:
Gnesinka [82]4 years ago
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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Pretend you make $750 worth of purchases on your credit card, your bill arrives saying your minimum payment
Arte-miy333 [17]

Answer and Explanation:

You will be charged credit card interest on the outstanding balance. Your credit card interest is added to your outstanding balance for each day past your due date of payment(after the month you didn't pay the full amount)

You made a purchase of $750 and paid $150 and so you have an outstanding balance of $600. This outstanding balance will be charged interest on daily basis. Let's assume your APR(your annual interest over 12 months) is 24%, your interest is broken down into months and then days. Your monthly interest is therefore 24/12= 2% and your daily interest = 0.02/30 = 0.00067= 0.0067% per day.

Based on this assumption, you will be charged 0.0067% interest on your outstanding balance each day till you make full payment(interest + outstanding balance)

8 0
3 years ago
What is the most significant difference between leaders and assembly line workers in regard affecting the behavior of others?
Gala2k [10]
The most significant difference between leaders and assembly line workers is the "Power".
The formal leaders have a formal power within the framework or system of an organization where they can influence others to work in the interests of the specific organization as opposed to assembly line workers, they lack this. 
3 0
3 years ago
The Taste Freeze Ice Cream Company is a perfectly competitive firm producing where MR = MC. The current market price of an ice c
Alexus [3.1K]

Answer:

Taste Freeze should Shut down production so that AVC will decrease.

Explanation:

Taste Freeze should Shut down and produce zero sandwiches because price is less than AVC.

Therefore, Taste Freeze should Shut down production so that AVC will decrease.

8 0
3 years ago
Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your
Kaylis [27]

Answer:

Explanation:

My E-Commerce business has two main decision-makers. As a team, we had a budget of $1000 USD which we decided to use on marketing. We ultimately decided on placing banner ads on 2 popular sites that matched our products. Doing this we missed out on other opportunity costs such as adding another product line and marketing sample products to popular influencers. Both of which should have been considered because they could have just as easily brought as many or even more customers than having placed the ads.

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In the given space provided, the answer is security needs. The safety or security needs revolve around of having to feel physically safe, secure with financial or personal security or being healthy in an over all as a well being in which Nadine has achieved one of them.

6 0
4 years ago
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