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ASHA 777 [7]
3 years ago
5

If you buy something on credit, you must pay back the amount you borrowed

Business
2 answers:
tangare [24]3 years ago
6 0
Yes this is true but you dont have to pay it back right after but it's best you pay it off before you buy something else so you dont go in debt
sladkih [1.3K]3 years ago
3 0
When you buy something on credit, you are essentially being loaned the amount and you typically must pay a minimum amount each month. It might not end up being the exact amount you initially paid due to compound interest from the debt.
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A certain bank assigns one unique number to each savings account. The amount of savings in each account depends on how much the
fenix001 [56]
A certain bank assigns one unique number to each savings account. The amount of savings in each account depends on how much the owner deposits into the <span>account. The interest paid on each account depends on how much money is in the account. The relation that is not a function is that "</span><span>interest paid, amount in savings account."</span> 
8 0
2 years ago
Read 2 more answers
You are examining an investment opportunity. It would require you to pay money today and then receive payments semi-annually fro
Lady_Fox [76]

Answer:

The semi annual rate is 4.88%

Explanation:

semi annual rate = [((1+r)^(1/n)) -1]

                            =  [((1+10%)^(1/2)) -1]

                            = 4.88%

Therefore, the semi-annual rate (i.e. periodic return per six months) do you require (i.e. need to earn such that this implies 10% earned per year when you get to compound semi-annually) is 4.88%.

 

5 0
3 years ago
Arielle, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company
earnstyle [38]

Answer:

overall strategic goals and approval of major decisions.

Explanation:

A board of directors are people that are selected to make decisions that are beneficial to shareholders and to ensure that the management of the organisation acts in the best interest of shareholders.

Directors asses the performance of the management and make major decisions such as acquisitions, issuing of new shares, company liquidation, and dividend declaration.

So Arielle will be involved in approval of major decisions and attainment of business goals as a member of the board of directors.

3 0
3 years ago
Which statement is true about the retail inventory method? Group of answer choices It may not be used to estimate inventories fo
mr_godi [17]

Answer:

The answer is: There are different versions of the retail inventory method.

Explanation:

There are several types of retail inventory method:

  1. the conventional (lower of average cost or market) method,
  2. the cost method
  3. the LIFO retail method
  4. the dollar value LIFO retail method

The retail inventory method is very useful for large retailers (e.g. grocery stores, hypermarkets, etc.). Its greatest advantage is that the inventory balance can be calculated without a physical count.

5 0
2 years ago
9.To what part of an industry does a worker's education contribute?
laiz [17]

Answer:

human capital

Explanation:

Human capital is the economic value brought by workers' experience and skills. It is the attributes, abilities, and quality of labor to influence a firm's productivity. Human capital is enhanced through education, training, and work experiences.

Human capital is an intangible asset to a business. Human capital is a critical element if a business is to achieve its goals. Due to this reason, companies are always investing in improving the quality of their human capital.

4 0
3 years ago
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