True or False? A finance charge is a cost for the convenience of borrowing money.

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Answer 1

Answer: True. A finance charge is a cost for the convenience of borrowing money.

Finance charge is usually encountered in credit card billing. Majority of finance charges are charged when credit card holder does not pay his or her outstanding balance before the due date.

To avoid having a finance charge, one must always pay his or her credit card balance before the due date. Always pay the total amount due. Any amount not paid after the due date will be the basis for the computation of the finance charge.

Related Questions

An example of opportunity cost:a. Is sweets given up by a person who would never eat them even if he or she could.b. Is the chinese food that you gave up when you chose to eat italian food.c. Is the amount spent on buying movie tickets.d. For a professor of economics is the pleasure that he or she derives from teaching economics.e. Is the tuition that you pay to attend college.
Tinder, the mobile dating app, is competing for market share with Match among college students. In its promotional messages, Tinder claims that it connects singles faster and cheaper than the competitor. Tinder is using _____ in its product positioning for college students. A. Points of Parity B. Compatibility C. Mass Customization D. Mass Marketing E. Points of Difference
The meaning behind having varaible being operationally defined So that the reader can specifying how the variables will be measured in terms of the instruments, scales, or both.
Which phrase defines gross domestic product?
Which of the following is a good way to improve your credit score? A. Move debt around frequently. B. Pay your bills on time. C. Apply for several credit cards. D. Don't allow balances to get to zero.

Klein Cosmetics has a profit margin of 5.0%, a total assets turnover ratio of 1.5 times, a zero debt ratio and therefore an equity multiplier of 1.0, and an ROE of 7.5%. The CFO recommends that the firm borrow money, use it to buy back stock, and raise the debt ratio to 50% and the equity multiplier to 2.0. She thinks that operations would not be affected, but interest on the new debt would lower the profit margin to 4.5%. This would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.

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It is true that this change would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.

Explanation:

Equity multiplier is calculated by dividing the total assets of a company to shareholder’s equity of an organization. If a company has not raised any debt, then such company would be having equity multiplier equal to 1. t is a leverage ratio.

Return on equity is another financial measure to calculate the return. It is calculated by dividing the net income of a company to the shareholder’s equity. It directly shows the amount that a company is earning on its money invested by the equity shareholders.

describe what effect antitrust laws have on the consumer and the producer when these laws break up a monopoly.

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effect antitrust laws have on the consumer and the producer when these laws break up a monopoly:
Anti trust laws keep the consumer safe from unfair business practices including price setting and monopolies. It keeps the produce honest and providing good business while these laws cannot always break up monopolies they can if proved in court.

William heads the marketing department of an apparel company. He is an enthusiastic leader who puts in extra work hours to increase the productivity of his team. He is so engaged and passionate about his work that he willingly contributes to his team even during his vacation. Which of the following could possibly be a consequence of William’s behavior?

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Answer;

Work addiction.

Distrust among team members.

High attrition rates.

Explanation:

Work addiction is good but working every time is overburdening yourself, that's what William is doing. If he continues the same routine there are indications that he will not put the right amount of energy in the right path.

Team would be disappointed with him, they won't support much at the later stage and may think of not to join William's team, as he is not considering his team while making his decisions.

There will be surely some harmful effects on his physical and as well as mental health, as he would be rejected by his peers.

How do tariffs on imports affect a country s balance of trade?a. Tariffs raise government revenue.
b. Tariffs ensure that all countries are traded with equally.
c. Tariffs reduce the amount of imports a country makes.
d. Tariffs increase the amount of money a country makes from imports.

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The right answer for the question that is being asked and shown above is that: "d. Tariffs increase the amount of money a country makes from imports." tariffs on imports affect a country s balance of trade is that Tariffs increase the amount of money a country makes from imports.

the correct answer is c

The corporate staff in the accounting department at ABC Corporation went on 12-hour days during the holiday season, just like the regular retail employees do during that season. This is an example of a(n) _________ change.AdaptiveRadically innovativeInnovativeProduct

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If the corporate staff in the accounting department at ABC Corporation went on 12-hourdays during the holiday season, just like the regular retail employees do during that season, this would be an example of an adaptive change.

Cross- functional teams consist of groups of employees from different departments who work together on a long term basis. These teams are empowered to make decisions without having to seek the approval of management. Barriers between functions fall when these interdepartmental teams are created. describe the?

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Cross-functional teams are teams that are composed of members from different functional areas of an organization.

What is organization?

Organization is the process of setting up a structured system to manage resources, activities and tasks. It involves planning, organizing, staffing, leading and controlling resources and activities in order to accomplish predetermined goals. It is a way of managing resources in order to achieve a desired outcome. Organization involves assessing the desired outcome and developing a plan to achieve it. It involves allocating resources to tasks and setting up systems to monitor and measure progress.

These teams are formed to address specific business objectives that cannot be met by the individual functional areas alone. Cross-functional teams are beneficial because they help break down traditional functional barriers, allowing for greater collaboration and communication between different departments. This increased collaboration and communication can lead to a better understanding of the organization's needs, improved decision-making, and more efficient problem-solving. Cross-functional teams also foster a sense of ownership, as members from multiple departments become invested in the success of the project. Ultimately, cross-functional teams can provide organizations with an innovative approach to problem-solving and greater efficiency.

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Other Questions

The following is a list of balances for company XYZ ltd. Sales 1,000,000 Purchases 265,000 Vehicles 647 000 Creditors 650 000 Debtors 673 000 Rent 75 000 Wages 90 000 Loan from bank 100,000 Prepare a trial balance for company XYZ ltd.

Historically, stocks have delivered a ________ return on average compared to Treasury bills but have experienced ________ fluctuations in values.

How much money is this legitimately worth???

If a monopolist or a perfectly competitive firm is producing at a break-even point, then: i. average revenue is equal to average variable cost ii. average revenue is equal to average total cost iii. total revenue is equal to total variable cost iv. total revenue is equal to total cost