The total finance charge (fees plus interest) divided by the amount financed represents a ratio that can be used to determine the annual percentage rate of a loan, or APR.

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Answer 1

Answer: That statement is true
The total finance charge plus interest divided by the amount dinanced represents a ratio that can be used to determine the annual percentage rate.

hope this helps

Related Questions

Market power refers to the a. importance of a certain market in relation to the overall economy. b. ability of a person or small group to successfully market new products. c. power of the government to regulate a market. d. power of a single person or small group to influence market prices.
The bank statement shows a balance of $4250, deposits in transit total $1200, and outstanding checks that equal $300. The check registar balance should be; A.2750? B.$3350 C.$4550 D.$5150 E.$5750
A barter economy is different from a money economy in that a barter economy
When Corinne asked why she didn't get the job, the manager replied, "I needed someone who understood basic accounting practices and you do not." Which aspect of career readiness for this job did the manager feel Corinne was lacking?
Brad has a steady job, solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit to add to his assets.Which of the following illustrates the most economically sound choice for Brad? A.buying both a car and a home B.leasing both a car and home C.buying a car and leasing a home D.leasing a car and buying a home

What is taxable income?

Answers

Taxable income is income after exclusions and deductions. The higher the taxable income, the more tax you will pay. Taxable income is usually less than total income.

Taxable income is what you get payed minus the tax so if you have 20,000 dollars and they tax you you could have 15,000 basically it also varies on how much income you get basically it keeps everybody from getting rich though it goes into getting things like hospitals and other stuff

Bob, an IRS tax law-certified volunteer preparer, told the taxpayer that cash income does not need to be reported because the IRS does not know about it. Bob indicated NO cash income on Form 13614-C. Bob prepared a tax return excluding the cash income. Jim, the designated quality reviewer, was unaware of the conversation and therefore unaware of the cash income and the return was printed, signed, and e-filed. Who has violated the Volunteer Standards of Conduct?

Answers

Answer:

Bob violated the Volunteer Standards of Conduct

Explanation:

Publication 4961 of the Internal Revenue System (IRS) establishes the Volunteer Standards of Conduct and Ethics Training on 2019 returns for Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) volunteers.

This IRS publication specifically prohibits the following:

"As a volunteer in the VITA/TCE Programs, you must:

... 4. Not knowingly prepare false returns. ..."

Bob knowingly helped a taxpayer to prepare a false report.

In the market for reserves, when the federal funds rate is above the interest rate paid on excess reserves, the demand curve for reserves isA) vertical.
B) horizontal.
C) positively sloped.
D) negatively sloped.

Answers

Answer:

A) negatively sloped.

Explanation:

Usually the demand for reserves is negatively sloped, like any normal demand curve, due to the inverse relationship between quantity demanded and price (interest rate is the price of money).

The demand curve for federal funds will have a negative slope until the interest rate paid on excess reserves equals the federal funds rate. At this point, the demand curve will become infinitely elastic, and therefore horizontal.

What are some viewpoints on hospital's adding patient surveys tomeasure patient satisfaction under POS to the Value Chain?

Answers

There are different viewpoints on hospitals adding patient surveys to measure patient satisfaction under POS (Patient-centered Outcomes and Satisfaction) to the Value Chain. Here are some examples:

Positive Viewpoint
Negative Viewpoint
Balanced Viewpoint

We proceed to analyze the different viewpoints associated with the situation of hospitals and patient surveys to measure satisfaction:

Positive Viewpoint: Adding patient surveys to measure satisfaction can help hospitals improve the quality of their services by identifying areas where patients are dissatisfied and addressing those issues. This can lead to increased patient loyalty and positive word-of-mouth, which can benefit the hospital's reputation and bottom line.
Negative Viewpoint: Some critics argue that adding patient surveys to measure satisfaction under POS can be costly and time-consuming for hospitals, as they may require additional resources and staff to administer and analyze the surveys. Additionally, some argue that patient satisfaction may not always be the best indicator of healthcare quality, as patients may rate their satisfaction based on factors that are not directly related to clinical outcomes.
Balanced Viewpoint: Some experts suggest that adding patient surveys to measure satisfaction under POS can be a useful tool for hospitals, but should be balanced with other measures of healthcare quality, such as clinical outcomes, safety, and efficiency. By considering multiple measures, hospitals can gain a more comprehensive understanding of their performance and take a more holistic approach to quality improvement.

See more about Value Chain at brainly.com/question/1380316.

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Fruit ```````` `Price ````` Number of OuncesBlueberries $7.84 8
Blackberries $9.36 12
Raspberries $12.46 14
Cherries $13.44 16
Grapes ` $14.90 10

Mrs. Benton has decided to buy fruit to serve at the next meeting of her book club. The type and price for a specified number of ounces for each choice are also shown. What is the difference between the unit price of the LEAST EXPENSIVE DEAL and the unit price of the MOST EXPENSIVE DEAL?
A) 5¢
B) 11¢
C) 20¢
D) 62¢
E) 71¢

Answers

Answer:

E) 71

Explanation:

The disadvantages of a system when it works in isolation are: 1. It becomes difficult to collect and analyze the data needed for the functioning of any department. 2. It results in the loss of profits to the organization that could have been better spent in decision making. 3. Business executive or decision-maker cannot take good decisions with the isolated data.

Answers

The disadvantages of an ERP system when it works in isolation are:

It becomes difficult to collect and analyze the data needed for the functioning of any department.
It results in the loss of profits to the organization that could have been better spent in decision making.

What is an ERP system?

Enterprise Resource Planning (ERP) System refers to a system used by businesses to manage its activities such as manufacturing, supply, services, and other such activities. ERP is a link that connects each and every aspect of an enterprise.

When an ERP system works in isolation, it is difficult for the departments to collect and analyze data and hence affects its functioning.

Also, the organization may face losses as the data required may not be readily available to a department and hence the decisions cannot be taken effectively.

Therefore the correct options are 1 and 2.

Learn more about ERP system here:

Answer:

Option B, 1 & 2

Explanation:

The complete question is-

The disadvantages of a system when it works in isolation are:

1. It becomes difficult to collect and analyse data needed for the functioning of any department.

2. It results in the loss of profits to the organisation that could have been better spent in decision making.

3. Business executive or decision-maker cannot take good decisions with the isolated data.

a. 1 & 3

b. 1 & 2

c. 2 & 3

d. 1

Solution -

An isolation system also has work control system, training and competence, operating procedures and management. This system can work adequately only when these arrangement work adequately and this not possible without integration with the entire system.

It become difficult to collect isolated data, its assessment and making decision regarding the betterment of system.

Hence, Option B is correct

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How does gross domestic product (GDP) differ from gross national income (GNI)?A.GDP counts the number of citizens in a country, while GNI counts the number of citizens abroad. B.GDP measures how happy people are in a country, while GNI measures how happy they are internationally. C.GDP is used by NASA to measure eroding coastlines, while GNI is used by the FBI to monitor criminal activity across borders. D.GDP measures the money that a country makes in its own land, while GNI measures the money it makes in other countries and at home.

Jealousy in the workplace can be detrimental to the natural formation of ________ between employees. A. Self management B. Confidence C. Respect D. Empathy

How do you know which unit of a conversion factor must be in the denominator?

Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and flip-flops are $10. He buys one shirt because he thinks that buying the shirt is worth the opportunity cost of the shorts and the flip-flops. Which statement best evaluates his reasoning?Kevin has analyzed the situation well. He purchased a shirt and that purchase cost the opportunity of buying the shorts or flip flops.Kevin was wrong in his analysis. He has confused opportunity costs with trade-offs by thinking of both of the lost items as opportunity costs.Kevin was wrong in his analysis. The opportunity cost consists of more than the shorts and flip-flops. It also includes other choices he could have made with the $10.Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.