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umka2103 [35]
2 years ago
12

What is the term used to describe the reduction of the balance owed on a loan with each payment made over a period of time?

Business
1 answer:
jeyben [28]2 years ago
8 0

Answer:

The term used to describe the reduction of the balance owed on a loan with each payment made over a period of time is:

d. amortization.

Explanation:

Amortization of a loan is the gradual reduction of the balance owed on a loan because payments are being made over a period of time.  Each payment is, therefore, a reduction of the borrowed fund.  This gradual reduction through periodic payments is called amortization of the borrowed fund.  Loan amortization, therefore, implies the spreading out of the loan payments over time.  It is not the same as asset amortization, which is a kind of depreciation.

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Michael is the owner of a restaurant in downtown Buffalo and recently signed a long-term lease with the building's owner. Since
Schach [20]

Answer:

The answer is trade fixtures

Explanation:

Trade fixtures are a tenant's installments which become a part of the land during the leasing contract period but they are not belong to the landlord thereafter. The tenant reserves the right to remove the the installments at the end of the contract term.

8 0
3 years ago
Read 2 more answers
You deposit $4000 into a savings account. the account earns 2.75% simple interest. how long will it take to earn $220 in interes
Dovator [93]
Simple interest means that you only need to find the interest once and then keep adding it on every year. In this case, the interest would be 2.75% of $4000 every year, which is 110. 

In 2 years, you'll have 220 because every year you gain 110 in interest.
6 0
3 years ago
Huck Finn is thinking about purchasing some stock in Mississippi Mining Company (MMC). Huck uses the price/earnings ratio techni
musickatia [10]

Answer:

Profit earning ratio of MMC = 10%

Explanation:

Given:

Current stock price = $100

Yearly profit on each share = $10

Profit earning ratio (P\E ratio) =?

Computation of profit earning ratio:

Profit earning ratio (P\E ratio) = Current stock price / Yearly profit on each share

Profit earning ratio (P\E ratio) = $100 / $10

Profit earning ratio (P\E ratio) = 10

It is computed that MMC's Profit earning ratio is nearer to the industry averages P/E ratio so, the investor can wait for some time to purchase this stock.

4 0
3 years ago
The net cash flow from operating activities is an inflow of $47,042, the net cash flow from investing activities is an outflow o
Alex_Xolod [135]

Answer:

$9,097

Explanation:

Net cash flow from operating activities = + $47,042

Net cash flow from investing activities = -  $21,831

Net cash flow from financing activities = -  $28,397

Net cash flows for the period                =  - $3,186

Beginning cash account balance          =   $12,283

Net cash flows for the period                =  - $3,186

Ending cash balance                             =    $9,097

5 0
3 years ago
This is for my business class someone help please and thank you!
daser333 [38]

Answer:

Legal and environmental.

Explanation:

PEST is a short form for political, economic, social, and technological factors. These are external factors likely to impact business performance. Entrepreneurs should analyze, understand them, and include their effects in business plans.

Other external factors that may affect business performance are legal and environmental.

For the legal factors, an entrepreneur should analyze the impact of possible changes in laws and legal interpretations on their businesses.  In the environmental analysis, the entrepreneur should be aware of the industry's environmental regulations and restrictions. They should plan for possible changes in license limitations.

7 0
2 years ago
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