Answer: No interest will be paid
Explanation:
Once full payment is made before the due repayment date on credit card, interest is not charged.
<span>Root capital is using debt loan for which the borrower promises to repay the borrowed amount (the principal) plus a predetermined rate of interest.
When you take out a loan, most common a debt loan, you are borrowing an amount of money plus a set interest rate. For example, when you buy a home.. you will purchase it for X amount of dollars, for 30 years (most common) at an X amount of interest. As long as you have a fixed interest rate, the rate won't change during the lifespan of your loan. The interest accrued on your debt will be kept by the lender for their services.
</span>
Answer:
<u>Yes. </u>
Explanation:
How else are they going to make their money?
Answer:
The above entry would decrease stockholders' equity by $10,000 and increase the liabilities by $10,000.
Explanation:
Consultation expense is an expense and when the expense gets debited, it refers to expense being incurred which in turn decreases stockholders' equity. Accounts payable is a liability and crediting accounts payable increases the liability.
Answer: products are standardized or homogeneous
Explanation:
Products are standardized or homogeneous for the perfectly competitive market as, in the case of the competitive industry there are no barriers in the industry to entry. The products are homogeneous in the nature and there is large numbers of the firms are perfectly substituted in the industry. So, the price elasticity of the demand for the firm product is infinite.
