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
Verdich [7]
3 years ago
12

Describe the factors that determine the amount you ultimately pay for borrowing money. How is it possible to reduce the amount y

ou end up paying
Business
2 answers:
Gnesinka [82]3 years ago
5 0
It is by interest. You can reduce the amount you pay, by paying more. You can either go ahead and pay it all off, or pay extra when it is time to make a payment.
Yuri [45]3 years ago
5 0

the factors would be the % of interest you pay on that card (apr) and how fast you pay off your balance.

ex. if i borrow 10 dollars and pay it off the full amount when i get my statement at the end of the month i usually pay no interest but if i pay a % of the money i owe they will add on interest to the amount borrowed.

hope this helps

You might be interested in
While harry was intoxicated, he sold his car to ben for substantially less than its fair market value. this contract is consider
VMariaS [17]
The answer to this question is that the contract is voidable. A voidable contract specificallt means that the contract can still be implemented or affirmed or rejected by one of the parties due to valid reasons. A situation where in a contract can be voidable is when the other party is not in the capacity to enter into a contract.
7 0
3 years ago
Three employees believe that their pay is too low. One of them quits, the second complains to management about the low pay, and
Charra [1.4K]

Answer and explanation:

The EVLN (Exit, Voice, Loyalty, Neglect) model explains how employees react differently in front of dissatisfaction at work. In such a way:

  • Exit:<em> implies quitting or requesting a change of roles within the same organization. </em>
  • Voice: <em>involves providing constructive suggestions about a stressful situation. </em>
  • Loyalty:<em> implies waiting for the issue to be solved by others. </em>
  • Neglect:<em> involves reducing labor efficiency to harm the company's performance. </em>

Thus, in the example, the<em> exit (employee who quits), voice (employee who complains), </em>and<em> loyalty (employee who does nothing)</em> reactions are used by employees even if they share the general idea that payments are low.

4 0
3 years ago
uses job order costing to measure and track product costs. Raleigh has determined that machine hours drive its manufacturing ove
polet [3.4K]

Answer:

Allocated MOH= $4,000

Explanation:

Giving the following information:

Machine hours used 1,000 hours

If total manufacturing overhead costs during the month totaled $100,000 when a total of 25,000 machine hours were used

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 100,000/25,000= $4 per machine hour

Now, we can allocate overhead to Product 95:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4*1,000= $4,000

5 0
3 years ago
Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information f
nevsk [136]

Answer:                                                                  $

        Retained earnings beginning balance   142,000

        Net loss for the year                                  <u>(14,000)</u>

                                                                              128,000

       Retained earnings ending balance          <u> (122,000)</u>

       Amount of dividend declared                      <u> 6,000</u>

 

Explanation:  In order to calculate the amount of dividend declared, there is need to deduct the net loss for the year from retained retained earnings beginning balance.  Thereafter, we also need to deduct retained earnings ending balance.                                                

8 0
3 years ago
Discuss three of the following statements in a financial statement and report: A) Balance Sheet; B) Income Statement; C) Stateme
NeX [460]

Answer:

A) Balance Sheet: reports the assets, liabilities and shareholders' equity at a given point in time. Assets = Liabilities + Shareholders' equity

B) Income Statement: reports the profits or losses = total revenues - total costs, over a specific period of time

C) Statement of Retained Earnings: reports the changes in the retained earnings account during the accounting period, it shows how net income increases retained earnings and how dividends decrease it.

Explanation:

7 0
3 years ago
Other questions:
  • All of the following components are commonly found in rental housing agreements EXCEPT:
    8·2 answers
  • ____________ is best defined as a statistical procedure, which involves quantitatively pooling the data from a group of independ
    15·1 answer
  • Tulip Corporation purchased equipment for $ 60 comma 000 on January​ 1, 2017. On December​ 31, 2019, the equipment was sold for
    8·1 answer
  • Which is the most accurate definition of bankruptcy?
    12·1 answer
  • Refer to exhibit 4-5. if a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. t
    5·1 answer
  • What happen during periods of hyperinfation?
    8·1 answer
  • e Arlington Motor Pool Internal Service Fund had the following transactions and events during January 2018. Using the "Additiona
    12·1 answer
  • This chapter states that most economists would probably maintain that new technologies are the single most important source of p
    9·1 answer
  • Please see image I need help
    10·1 answer
  • For next year, Williams, Inc., has budgeted sales of 19,000 units, targeted ending finished goods inventory of 1,750 units, and
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!