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Marina86 [1]
2 years ago
13

Expain what is debt in a 70 word paragraph

Business
2 answers:
o-na [289]2 years ago
8 0

Answer:

Debt is amount of money borrowed by one party, from another. Debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at  later date, usually with interest. In simple word it money borrowed from another, for something you can't afford. If you are in or get in debt, you owe money. If you are out of or get out of debt, you paying all the money that you owe.

NeTakaya2 years ago
7 0

Answer:

Debt is money one person, organization, or government owes to another person, organization, or government. Typically, the person who borrows the money has a limited amount of time to pay back that money with interest (an additional amount you pay to use borrowed money).

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Which of the following is an example of the ethical issue of gift-giving in the
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Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

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End-of-Life Issues

etc.

4 0
3 years ago
Advance, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is
Usimov [2.4K]

Answer:

a. 3.56%

b. 2.31%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $1,040

Assuming figure - Future value or Face value = $1,000  

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NPER = 11 years × 2 = 22 years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this,

1. The pretax cost of debt is = 2 × 1.78% = 3.56%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 3.56% × ( 1 - 0.35)

= 2.31%

5 0
3 years ago
Let’s assume that the old clunker you have been driving needs $500 in repairs in order to pass an annual car inspection. You are
Anna11 [10]

Answer

The answer and procedures of the exercise are attached in the following archives.

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You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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3 years ago
To demonstrate respect in communicating with indiduals with access and functional needs, you should:
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3 years ago
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year w
babymother [125]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Jan. 1: Inventory 40 units at $165

Aug. 13: Purchase 200 units at $180

Nov. 30: Purchase 60 units at $200

Available for sale 300 units

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2) LIFO (last-in, first-out)

The cost of the ending inventory is the cost of the first units bought.

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3) Weighted-average:

Weighted average price= (165 + 180 + 200)/3= 181.67

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