1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kupik [55]
3 years ago
7

Suppose, for simplicity, that a bank uses a single interest rate for loans and deposits, there is no inflation, and all unspent

money is deposited in the bank. The interest rate measures which of the following?
a. the cost of using a dollar today rather than a year from now
b. the benefit of delaying the use of a dollar from today until a year from now
c. the price of borrowing money calculated as a percentage of the amount borrowed
Business
1 answer:
nikitadnepr [17]3 years ago
3 0

Answer:

All the options are correct.

Explanation:

It is assumed that a bank uses a single interest rate for both loans and deposits. There is no existing inflation in the economy. Money which is not spent is deposited in the bank.  

On the basis of these assumptions, we can say that the interest rate is the cost of borrowing money which is calculated as a percentage of the principal or the amount borrowed.  

For a depositor, it is the return on depositing money or benefit of depositing money instead of using it immediately.  

It can also be referred to as the opportunity cost of not depositing the money in the bank but spending it instead.

You might be interested in
The administrative activities of controlling, directing, and coordinating police personnel, resources, and activities in the ser
frozen [14]

Answer:

The statement is describing the functions of police management.

Explanation:

Just like managing a firm, managing the police works in a similar way: police directors have to plan, control, direct, and coordinate all aspects related to the police operations, both on a daily basis, and on a long-term basis.

It is very important to have good police management because police is a service that is public and crucial for citizens. The wrong kind of police management can cause safety and public order problems that can be very disruptive for daily life.

3 0
3 years ago
LO 6.3A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost d
olya-2409 [2.1K]

Answer:

$68,600

Explanation:

An predetermined overhead of $70,000 was estimated for an activity of 2,500 hours. The actual overhead assigned to the products is given by multiplying the fraction of the total 2,500 hours of activity utilized by the products by the predetermined overhead:

A = \frac{1,350+1,100}{2,500}*\$70,000\\ A = \$68,600

The total amount of overhead assigned to the products is $68,600.

8 0
3 years ago
Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for
AfilCa [17]

Answer:

Explanation:

The preparation of the statement of stockholders' equity at the end of the year is presented below:

                                          Apex Systems Co.

                             Statement of stockholders' equity  

                            For the fiscal year ended December 31, 2016

Particulars                  Common Stock          

Beginning

Balance                      $1,340,000

Add: Net income       $356,000    

Less:

Bart Nesbit, Drawing  -$91,200

Ending balance          $1,604,800                

                       

6 0
3 years ago
A total of 1000 residents in minnesota were asked which season they preferred
Molodets [167]
They all said winter.
Hope this helps!
7 0
3 years ago
A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with
Lapatulllka [165]

The initial outlay for the project after depreciation is loss of $26,700.

<h3>What is  depreciation?</h3>

Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.

Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.

Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.

To know more about  depreciation follow the link:

brainly.com/question/1203926

#SPJ4

8 0
2 years ago
Other questions:
  • An adult is swinging a small child by the arms, and the child screams and grabs his left arm. It is determined in the emergency
    10·1 answer
  • Max is the marketing manager at the university bookstore. He is developing his marketing plans for the next school year. The boo
    13·1 answer
  • Adventure holidays sells thousands of tour packages each month through its branches. a branch manager's salary would be a(n) ___
    8·1 answer
  • Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he would have been willing to
    7·1 answer
  • The multiplier for a futures contract on a stock market index is $50. The maturity of the contract is 1 year, the current level
    9·1 answer
  • Amy, Allyson, and Kelly work in different teams at Oaktown Powersports. Amy's team ensures that all the raw materials, machinery
    13·1 answer
  • Those that learn best by pursuing interests through an individual pace have which learning preference?
    7·1 answer
  • Which type of tax is not represented on the W-2
    5·1 answer
  • Create a minimum of 10 questions that you will ask your potential marketing client in order to be able to create and develop an
    9·1 answer
  • Snappy Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufa
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!