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I am Lyosha [343]
3 years ago
9

"you are borrowing $1,000 with an apr of 10% and a loan maturity of one year. total interest charges will be the highest when __

__________."
Business
1 answer:
maks197457 [2]3 years ago
3 0

When you make one payment in full at the end of the year.

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The profit motive

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The credit balance in cash short and over at the end of an accounting period is reported as?
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The credit balance in cash short and over at the end of an accounting period is reported as an expense on the income statement.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example income is an annual salary of $70,000.

Income is money received by an individual or business in return for providing work, producing goods or services, or investing capital. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs.

Learn more about income here:brainly.com/question/25745683

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