Ask Question
BusinessBusiness
14 March, 18:01

The cost of borrowing money is measured by

+1
Answers (1)
  1. 14 March, 20:16
    0
    The cost of borrowing money is measured by the interest rate and the administration fee. The interest rate is a rate given by a lender based on the amount of money a debtor borrowed and a debtor also has to pay the first administration fee for borrowing money from a lender. Therefore, both of this finance charges are the cost of borrowing money.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The cost of borrowing money is measured by ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Salem Computers Merchandise Inventory account at year-end is showing a balance of $ 44 comma 000. The physical count of inventory came up with $ 42 comma 800. Journalize the adjusting entry needed to account for the inventory shrinkage.
Answers (1)
Which of the following financial assets is safest in terms of not losing your money? A. Money in a bank certificate of deposit. B. Money invested in mutual funds. C. Money invested in a business. D. Stocks
Answers (1)
On May 10, 2020, Crane Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the full contract price of $1,840 on July 15, 2020. The cost of the goods is $1,170.
Answers (1)
Which channel partners in a company's supply chain are upstream from a manufacturer or producer? a. suppliers. b. customers c. business distributors d. retailers e. wholesalers?
Answers (1)
Damon Company receives its monthly bank statement, which reports a balance of $1,850. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,600 and checks outstanding total $3,850.
Answers (1)
New Questions in Business
Which of the following statements is FALSE? A. We can use Modigliani and Miller's first proposition to derive an explicit relationship between leverage and the equity cost of capital. B.
Answers (1)
What is scarcity? What is oppurtunity cost
Answers (1)
What is the main pressure that purchasing professionals feel from internal customers-especially senior management-when making purchasing decisions? a. Selecting qualified suppliers b. Cutting costs c. Working with other departments d.
Answers (1)
How many 1/16 are in 3/4 of an imch
Answers (2)
The City of Grand Marais' fiscal year ends on June 30. Grand Marais uses encumbrance accounting. On May 6, a purchase order was approved and issued for supplies in the amount of $6,000.
Answers (1)
Home » Business » The cost of borrowing money is measured by
Sign Up Forgot Password?