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
Tems11 [23]
3 years ago
8

A machine whose cash ptice us $700 was bought on hire purchase for $784. The cost of credit was​

Business
1 answer:
anastassius [24]3 years ago
7 0

Answer:

$84

Explanation:

Cost of Credit refers to the expenses incurred when using credit. It is the cost of borrowing and is represented by the difference between the total amount paid back and the amount borrowed.

I.e., cost of credit = Amount paid - Amount borrowed.

In this case,

Cost of credit = $784 - $700

Cost of credit = $84

You might be interested in
The decision to accept an additional volume of business should be based on a comparison of the revenue from the additional busin
musickatia [10]

Answer:

false

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. it should not be considered when making future decisions

7 0
3 years ago
Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when
RUDIKE [14]
<span>The total revenue they earned from selling the football tickets is $1,200,000. As a result, they should debit cash for $1,200,000 and credit for unearned revenue for the same amount.</span>
4 0
4 years ago
Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potent
jeka94

They have many potential <u>Entry Modes</u> at their disposal.

<h3>What is Entry Mode?</h3>

Foreign market entrance modes in international trade are the methods through which a corporation can expand its services into a non-domestic market.

Market entrance options are classified into two types: equity and non-equity. Export and commercial agreements are examples of non-equity mechanisms. Joint ventures and totally owned subsidiaries are examples of equity models. Different entrance mechanisms differ in three key ways:

  • The level of danger they pose.
  • Control and dedication to the resources required.
  • The promised return on investment

Therefore, Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potential​ <u>Entry Modes</u> at their disposal.

For more information on Entry Modes, refer to the given link:

brainly.com/question/17232113

#SPJ4

4 0
2 years ago
How do you write a check in 6 steps
DiKsa [7]

Answer:

Step 1: Include the date.

Step 2: Name the recipient.

Step 3: Fill in the amount with numerals.

Step 4: Write out the amount in words.

Step 5: Say what it's for.

Step 6: Sign your name.

5 0
2 years ago
Which of the following is most likely to occur as you add randomly selected stocks to your portfolio, which currently consists o
jarptica [38.1K]

Answer: b. The diversifiable risk of your portfolio will likely decline, but the expected market risk should not change.

Explanation:

Diversifiable risk is a risk that a particular security has or which can be seen in a certain sector. Market risk occurs when there's possibility that a particular investor will make loss due to certain factors which affects the entire market.

In the above scenario, the most likely to occur will be that the diversifiable risk of the portfolio will likely decline, but the expected market risk should not change.

It should be noted that diversification won't eliminate market risk. When more stocks are added, this brings about decline in diversification risk but market risk won't change.

5 0
4 years ago
Other questions:
  • An investment of $10,000 has an investment/inflow ratio of 6.2 and a useful life of12 years. What are the annual cash inflow and i
    5·1 answer
  • Cleo is afraid of being viewed as weak, so she uses only her head when managing her team of employees. Which leadership task is
    10·1 answer
  • During the introduction stage of the product life cycle, a(n __________ pricing strategy may be used. this pricing strategy char
    7·1 answer
  • Inbound logistics (receiving and storing materials for distribution to production), operations (transforming inputs into finishe
    6·1 answer
  • The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three
    11·1 answer
  • There are two producers of wagon wheels that together are the exclusive providers to a large community. the executives of these
    10·1 answer
  • Harry's Co. recently implemented an activity-based costing system. As a result of the ABC allocations, the cost of one of the co
    5·1 answer
  • _______ is not considered to be a "developing" nation. A. Brazil B. India C. China D. Japan E. Mexico
    10·1 answer
  • PLEASE HELP!<br> Question: Give an example of a Trademark in Business.
    5·1 answer
  • What negative consequences can emerge when vision, mission, or values contradict strategy? Name a time where you believe strateg
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!