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.
Question
Updated 12/30/2016 5:31:17 PM
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)
Question
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
Compounding calculates interest periodically.
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)
Question
Updated 288 days ago|12/15/2019 8:18:25 PM
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)
Question
Updated 11/28/2017 8:49:55 AM
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.
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)
Question
Updated 351 days ago|10/13/2019 10:54:37 AM
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