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3 years ago

What is interest and what is it used for?

Business

2 answers:

Olegator [25]3 years ago

7 0

Answer:

Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.

I found that on internet XD

viktelen [127]3 years ago

4 0

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

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In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.

FrozenT [24]

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

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4 years ago

Assume the following information: Selling price per unit $200 Contribution margin ratio 50% Total fixed costs $275,000 How many

svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price per unit $200

Contribution margin ratio 50%

Total fixed costs $275,000

Desired profit= $50,000

First, we need to calculate the sales required to obtain the desired profit:

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (275,000 + 50,000) / 0.5

Break-even point (dollars)= $650,000

Now, the number of units:

Number of units= 650,000 / 200= 3,250

Or, you can use the following formula:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (275,000 + 50,000) / (0.5*200)

Break-even point in units= 3,250

4 0

3 years ago

Brooklyn has been contributing to a traditional IRA for seven years (all deductible contributions) and has a total of $30,000 in

Zolol [24]

Answer: $13,200

Explanation:

Given that,

Contributing to a traditional IRA = 7 years

Total in account = $30,000

Withdrawal from IRA to help pay for the car = $20,000

marginal tax bracket = 24 percent

Therefore,

After tax withdrawal:

= Withdraws - 10% penalty as per IRS for early withdrawal - 24% tax on $20,000

= $20,000 - 0.1 × 20,000 - 0.24 × 20,000

= $20,000 - 2,000 - 4,800

= $13,200

6 0

4 years ago

Read 2 more answers

PLEASE!!!!!!!!!!!!!!!!! I"'LL GIVE BRAINLIEST!!!!!

Lilit [14]

Answer:number one

Explanation:

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3 years ago

The ________ view of social responsibility is that managers today are employees with a primary responsibility to shareholders a

ira [324]

Answer:

The classical view of social responsibility is that managers today are employees with a primary responsibility to shareholders and their single focus should be on generating financial returns.

Explanation:

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1 year ago