Question and answer
1. Amount charged for use of bank's money is called: Principal Interest Rate Time None of these
Amount charged for use of bank's money is called: Interest.
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Asked 10/6/2012 8:21:06 PM
Updated 12/30/2016 5:31:17 PM
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This answer has been confirmed as correct and helpful.
Edited by Andrew. [12/30/2016 5:31:16 PM], Confirmed by Andrew. [12/30/2016 5:31:17 PM]
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21. Simple interest usually represents a loan of: (Points : 2) 1 month or less 1 year or less 2 years or less 6 months or less None of these
Weegy: Simple interest usually represents a loan of 1 year or less. (More)
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Asked 10/6/2012 8:28:35 PM
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22. Compounding: (Points : 2) Calculates interest periodically Looks into present when the future is known Is done only on an annual basis Results in less interest than simple interest None of these
Question
Updated 6/15/2016 7:52:39 PM
1 Answer/Comment
Compounding calculates interest periodically.
Added 6/15/2016 7:52:39 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [6/15/2016 10:32:32 PM]
The number of periods in compounding is found by multiplying number of years times the number of times compounded per year. True False
Weegy: The number of periods in compounding is found by multiplying number of years times the number of times compounded per year. TRUE. (More)
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Updated 12/15/2019 8:18:25 PM
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Although a firm may use different inventory valuation methods, generally accepted accounting principles (GAAP) states that these methods must produce the same dollar value for the cost of goods sold. True False
Weegy: True (More)
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Expert Answered
Updated 11/28/2017 8:49:55 AM
1 Answer/Comment
Although a firm may use different inventory valuation methods, generally accepted accounting principles (GAAP) states that these methods must produce the same dollar value for the cost of goods sold. FALSE.
Added 11/28/2017 8:49:49 AM
This answer has been confirmed as correct and helpful.
Assets are listed on the balance sheet in order of liquidity, with the most liquid assets listed first. True False
Weegy: Assets are listed on the balance sheet in order of liquidity, with the most liquid assets listed first. (More)
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Updated 10/13/2019 10:54:37 AM
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