All categories

3 years ago

Explain the following quote "The rich rule over the poor, and the borrower is slave to the lender."

Business

2 answers:

Bad White [126]3 years ago

4 0

Answer:

When Dave was confronted with this Scripture, he had to really consider who was right his broke finance professor, who taught that debt is a tool, or God, who never has anything good to say about debt.

Explanation:

zysi [14]3 years ago

4 0

Answer:

When people get into debt, they start living their life just to pay off the debt. This means that all they are doing is working for their lender. The rich often rule over the poor becuase they have more influence and are therefore able to make decisions for the rest of the world population

You might be interested in

All financial intermediaries are authorized depository institutions by APRA to carry out financial intermediation

VladimirAG [237]

Answer:

The correct answer is the option: True.

Explanation:

First of all, the Australian Prudential Regulation Authority or APRA is the name given to an independent statutory authority whose main purpose is to regulate and supervise institutions across banking, insurance and superannuation and promotes financial system stability in Australia.

Secondly, authorized deposit-taking institutions are those financial institutions that are permitted to accept deposits from the public in Australia and all financial intermediaries that are registered are authorized to carry out financial intermediation.

7 0

3 years ago

Your company sells consulting services in legal forecasting to multinationals studying foreign market entries. In some countries

enot [183]

Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in domestic markets, the predictions will be MUCH MORE accurate than when forecasting legal decisions in foreign markets.

<h3>What is the difference between domestic and foreign markets?</h3>

The difference between domestic and foreign markets is that a company offering forecasting legal decisions will be very more familiar with the domestic market than the decisions that can be taken in foreign markets.

Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in domestic markets, the predictions will be MUCH MORE accurate than when forecasting legal decisions in foreign markets.

Learn more about domestic and foreign markets at brainly.com/question/15115779

8 0

2 years ago

Root and Vine is a gardening collective and local delivery service started by two friends. Their clientele has grown, and they w

Vesna [10]

When they want to protect their personal property, they may want to try out a limited liability company. By making it a limited liability company, they may choose to become limited partners and not have their personal property at risk. However, they have to find other partners who are willing to participate in the business as general partners. It is only the general partners who will have their property at risk when the company closes down so they have to make sure to get general partners.

6 0

3 years ago

What is the best online marketing service provider around the world?

SIZIF [17.4K]

Answer:

Let me name a few...

Explanation:

1.Digital Marketing Agencies in USA

2.Digital Marketing Agencies in UK

3.Digital Marketing Agencies in Australia

4.Digital Marketing Agencies in Canada

5.Digital Marketing Agencies in Netherlands

6.Digital Marketing Agencies in India

hope this helped :)

3 0

3 years ago

Consider the following transactions for Huskies Insurance Company:

PilotLPTM [1.2K]

Answer:

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

31-Dec

Dr Interest receivable $1,750

Cr Interest revenue $1,750

31-Dec

Dr Deferred Revenue $4,000

Cr Revenue or Service Revenue $4,000

Explanation:

Preparation of the necessary adjusting entry for Huskies Insurance at its year-end of December 31.

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

(Being to adjust 12 month depreciation)

31-Dec

Dr Interest receivable ($50,000 x 7% x 6/12) $1,750

Cr Interest revenue $1,750

(Being to adjust 6 month interest revenue accrued)

31-Dec

Dr Deferred Revenue ($16,000 x 3/12) $4,000

Cr Revenue or Service Revenue $4,000

(Being to record earned revenue for 3 months)

6 0

3 years ago