expain what is debt in a 70 word paragraph

Answers

Answer 1

Answer:

Debt is money one person, organization, or government owes to another person, organization, or government. Typically, the person who borrows the money has a limited amount of time to pay back that money with interest (an additional amount you pay to use borrowed money).

Answer 2

Answer:

Debt is amount of money borrowed by one party, from another. Debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at  later date, usually with interest. In simple word it money borrowed from another, for something you can't afford. If you are in or get in debt, you owe money. If you are out of or get out of debt, you paying all the money that you owe.


Related Questions

Content marketing is intended to attract potential buyers by building a strong brand reputation through online content, including:

Answers

It is true that Content marketing  aims to attract potential buyers through building of strong brand reputation through online content.

Content marketing refers to a marketing strategy which aims to attract and engage the audience (prospective buyers) through creation of relevant articles, videos, media etc.

The approach of Content marketing does promotes brand awareness and ensures that the business stays top of mind of the audience.

Hence, it is true that Content marketing  aims to attract potential buyers through building of strong brand reputation through online content.

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Which parts of the federal government played a major role in stabilizing the economy after the 2008 economic crisis

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The parts of the federal government that played a major role in stabilizing the nation after the Great Recession were:

The President Congress The Fed

President Obama instituted several Executive Orders aimed at helping the economy and also proposed laws to Congress as well that would help the economy.

Congress passed several laws that increased federal government intervention and made the financial system more secure to help the nation stabilize after 2008.

The Federal Reserve engaged in an aggressive expansionary monetary policy that saw more money pumped into the economy such that the economy was able to rebound.

In conclusion, several federal bodies did what they could to help the nation stabilize after the Great Recession.

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a charter application usually must be signed by the prospective stockholders called incorporaters or . then, it is filed with the appropriate state official.

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A charter application must be signed by the prospective stockholders that are referred to as incorporaters or promoters.

Charter simply means a legal document that is used for turning q business into a legal entity. It should be noted that a charter is written with the purpose of creating a corporation.

A charter application usually must be signed by the prospective stockholders called incorporaters or promoters then, it is filed with the appropriate state official.

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To settle issues between the remaining partners in the event of the death of a partner, the partnership should have a _____ agreement in place.

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The agreement that will help to settle issues between the remaining partners in the event of the death of a partner, the partnership should have a buy-sell agreement in place.

We need to first know what a buy-sell agreement is.

What is a buy-sell agreement?

The buy-sell agreement is a document that stipulates what a partner wants to be done to his share of the business in the event of death.

This agreement is important because it will help to prevent disagreement in the eventuality of death.

Therefore, the correct agreement that the partnership should have is a buy-sell agreement.

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Juan purchased a property for $420,000 and financed $336,000 of it. The assessed value of the property is $387,000. The property appraisal came in at $432,000. Which of these amounts is used in calculating the property tax?

Answers

When it comes to calculating property tax, the most relevant amount is the assessed value of $387,000.

When calculating property tax, the useful figures are:

The assessed value of the house The Property tax rate

This assessment is arrived at in various ways but once it is arrived at, it is then multiplied by a figure known as the mill levy and the result will be the property tax.

In conclusion, the assessed value is most useful.

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When calculating a loan effective interest rate, if the nominal rate is 8. 5%, what value of i do you plug into your equation? a. 8. 5 b. 0. 85 c. 0. 085 d. 1. 85 Please select the best answer from the choices provided A B C D.

Answers

The value I would plug into the equation is 0.085.

The effective interest rate is the interest rate a borrower actually pay on a loan. It is determined by restating the nominal interest rate.

The formula used in determining the effective interest rate is: (1 + n [tex])^{m}[/tex] - 1

Where:

n = nominal interest rate

m = number of compounding

For example, if  nominal interest rate is 8.5% and the number of compounding is 2, the  effective interest rate is: (1.085)² - 1 = 17.72%

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When a firm decides to combine multiple modes of transportation to complete a single long-distance movement of freight,

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The term that explains when a firm utilize the combination of multiple modes of transportation so they can have a movement of freight is Multimodal Transport.

Multimodal Transport can be regarded as the combination of different means of transport. This is done by a firm so they can facilitate the movement of cargo.

This is done when a long distance movement of freight is required.

Therefore, the correct term is Multimodal Transport

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yield management is a method used to match demand and supply capacity constrained services true false

Answers

Answer:

variable pricing strategy

Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats or hotel room reservations or advertising inventory).

Explanation:

are some of the factors that influence employee benefits strategies cyclical

Answers

Answer:

hoobaa hooba hooba

Explanation:

hooo

According to recent research, 91 percent of businesses with 11 or more employees and 50 percent of those with 10 or fewer employees said they had a CRM system already in place, which represents impressive growth in usage over previous years.

Answers

The answer here is true.

business founders hold equity. true or false

Answers

Answer: true

Explanation:

The advantages of using in-house marketing and advertising staff include all of the following except: Question 27 options: A) greater control. B) global accounts. C) lower cost. D) brand knowledge. E) superior product.

Answers

All of the mentioned factors are advantages of having an in-house marketing staff except E. Superior product

Using an in-house marketing department instead of an external agency means that the company will not benefit from the experience of the agency which they gained from:

Specializing in marketing Attracting top talents

In the end therefore, the marketing product produced by the in-house department will be inferior to that, that would have been produced by the agency.

In conclusion, the in-house department will not produce a superior product.

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Ownership structure can vary from one company to another, but the most basic form of corporation offers ______. Multiple choice question. treasury stock preferred stock common stock net income

Answers

Although the ownership structure can vary from one company to another, the most basic form of corporation offers is known as common stock

As a result of this, we can see that an ownership structure has to do with how a company chooses to operate and the most common form which is usually used is the common stock.

This is very common because the owner of the common stock has a lot of different benefits and it is easier to buy and sell.

Therefore, the correct answer is common stock

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Betweenness gives power because the more of it you have: _________.
A. the more it increases your visibility.
B. the more you control the distribution of information and other resources to people on either side of you.
C. the shorter your paths to many people in the network.
D. the fewer demands people make on you.
E. the more people are connected to you.

Answers

Answer:

E

Explanation:

If u can connect to people in a business, then you will gather more information and leadership skills to keep those people under your wings

Why is it necessary to have a W-2 or 1099 form when using tax preparation software?

Answers

It is necessary to have these forms because they would help to report income that is gotten by a person that are not through employment.

The 1099 helps to record the amount that is earned by a person who is not employed.

The 1099 helps to calculate either the dividends that a person gets through the fact that they own stocks or the interests that they accrue from keeping their money in the bank.

The W-2 is used by employers to record the income of their employees. The W-2 also tells the employee the amount of taxes that was withheld from their pay.

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KRJ Enterprises reported this year sales of $404 million, earnings before income taxes of $102.4 million, and tax expense of $18.2 million. If sales are projected to increase by 3.8% next year, what would be the projected tax expense for next year

Answers

The KRJ Enterprises' projected tax expense for the next year is $18.87 million.

Data and Calculations:

Reported year's sales = $404 million

Earnings before income taxes =$102.4 million (25% of sales)

Tax expense =$18.2 million

The tax expense = 4.5% of Sales ($18.2.$404 x 100)

Projected sales for next year = $419.35 million ($404 x 1.038)

Projected tax expense = $18.87 million ($419.35 x 4.5%)

Thus, the projected tax expense for the next year is $18.87 million.

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Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.

What is the yearly payment amount?
A.$360
B.$6,360
C.$1,800
D.$18,000

Answers

The answer for this problem is c

4. Which is a true statement about goals?
A person should work on only one goal at
a.
a time.
C.
b. Intermediate-term goals are those that can
be accomplished in 1 to 5 years.
A person should accomplish short-term
goals before starting on any other goals.
d. A short-term goal should be tied to a
long-term goal.

Answers

Answer:

D

Explanation:

So you can see progress on your goals why you are doing them. Such as saving 100 dollars a month to get a 1,200 dollar computer at the end of the year.

Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.

Answers

Answer:

Country A

Explanation:

Based on the data in the table, has the absolute advantage in producing petroleum is country A.

What is absolute advantage?

A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.

Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.

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The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the ______ structure.

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Bureaucratic structure is a structure that has  a lot of formalized set of role expectations. The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the multi-divisional structure.

Bureaucratic structure along with its different roles shows who is expected to do what, how, and when.

This structure is said to be a normative in nature that is often disconnected from decision behavior or process.

The structure often shows the different facets of a mechanistic organization when looking at work specialization, formalization, and centralization.

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Oligopoly is a market structure that is characterized by a ________ number of ________ firms that produce ________ products.

Answers

Answer: small, interdependent; identical or differentiated

Explanation:

This is from Economics 202.

entperise opportunities ​

Answers

Explanation:

A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. ... The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee.

hope this helps you.

what are the benefits associated with free trade and globalization?

Answers

Answer:

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.

Tim purchased a DVD player and speaker system for his home. The total cost of his purchase was $587. 33. Using the stores credit plan, he made a $147. 00 down payment. What amount did he finance?.

Answers

The amount Tim financed with the store's credit plan is $440.33.

Data and Calculations:

Cost of DVD player and system system = $587.33

Down payment = $147.00

Amount financed with store's credit plan = $440.33 ($587.33 - $147.00)

The store's credit plan enabled Tim to purchase the items without making full payment immediately.

Thus, after making the down payment of $147, Tim financed the balance of $440.33 with the store's credit plan.

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what is the coordinating mechanism in a market system?

Answers

Answer:

The price mechanism is the central coordinating mechanism in a market economy. Prices tell people what to use their resources.

Explanation:

In the context of collaborative planning, forecasting, and replenishment (CPFR), handling unforeseen problems is called _____ management.

Answers

It should be noted that collaborative planning, forecasting, and replenishment, handling unforeseen problems are known as exception management.

Management by exception simply means a style of business management which focuses on the identification and handling of cases that deviate from the norm.

Management by exception dictates that unusual nature should be reported to senior managers. Therefore, collaborative planning, forecasting, and replenishment, depicts exception management.

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What is not a service business?

Answers

Answer:

A non-service business is a business that primarily sells products

Explanation:

Hope this helped :)

You have taken over as the new manager of a department. The employees are interested in doing their work well and have potential. However, because they have not worked together, they do not have the competence to achieve the given tasks. From this information, we can say that the group is in the _____ stage of team development

Answers

Based on the scenario, the group is definitely still in the Oriented stage of team development.

Orientation stage of team development is also called the Forming Stage because idea or policy are just getting introduced to the new or current employees.

The Orientation stage also entails the introduction of the current employees to new technologies, procedures and policies.

Therefore, the group described in the question is still in the orientation stage of team development.

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Which method of bond amortization amortizes the premiums/discounts accurately and is considered a conceptually superior method

Answers

Answer:effective-interest

Explanation:

which general staff member directs management of all

Answers

Answer:

manager

Explanation:

answer: manager explanation:
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Ron is 25 years old and is retiring at the age of 65. When he retires, he will need a monthly income of $4,123 for 20 years. If Ron contributes 10% of his monthly income to a 401(k) paying 5.5% compounded monthly, will he reach his goal for retirement given that his monthly income is 3,142.23? If he does not make his goal then state by what amount he will need to supplement his income. Round all answers to the nearest cent.a.Ron will meet his monthly goal of exactly $4,123 for retirement.b.Ron will meet his monthly goal of $4,123 for retirement with an excess of $125.34.c.Ron will not make his monthly goal of $4,123 and will need $359.74 to supplement his monthly income when he retires.d.Ron will not make his monthly goal of $4,123 and will need $450.61 to supplement his monthly income when he retires. The first observation of block oscillation was in a semiconductor superlattice with period 10nm. 1. What is the ratio of 10 notebooks to 5 ballpens in simplest form? who ever answers the question first will be marked brainliest PLZZZ HELP"The greater and lesser daimyo [lords] of the provinces and all their salaried officials must speedily expel any soldiers in their service who have been accused of rebellion or murder. . . . Any repairs to castles in the provinces must be reported to the government of the shogun [ruler of Japan], as well as any new construction, which is strictly forbidden. Walls extending more than a certain distance are a peril to the state. High fortresses and well-dredged moats are the origins of great turmoil. . . . [When reporting for duty] daimyo with larger estates should not be escorted by more than twenty mounted warriors. Daimyo with smaller estates should reduce their escort proportionally."Decree issued by the newly established Tokugawa Shogunate concerning the regulation of warrior households, Japan, 1615a) Identify ONE purpose of the decree.b) Identify ONE way in which the decree reflects the historical situation of the period What is a Humanist? a. Someone who affirms the dignity of all people b. An artist concerned with facial expressions c. A liberal activist d. All of the above Please select the best answer from the choices provided A B C D. plzz help me no link plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Why is term life insurance better than whole life insurance? PLS HELP ASAP ILL GIVE BRAINLKEST THANKS is broccoli a dicot or monocot? N.O L.I.N.K.S*I need an example of an introduction for a research paper* name and the number of atoms of calium oxide in one molecule of the compound forpls help I am dead if I dont do it for 2 min (2x-1) (x+3) Expand si el examen tenia 44 puntos y saque 40 Que nota tengo? if the natural market forces are left to their own devices, will tourism result in income redistribution that works in favor of the poorer segments of the population? what were the most important changes occurring in the middle east by 1450? Can someone plz help me :( at least two full sentences, express why taking notes or annotating while reading is important and necessary. What is the missing divisor?966 divided by ?=161 Which processes contribute to the formation of chemical sedimentary rocks?Organisms decay in a solution.Minerals dissolve and crystalize.Rock fragments squeeze together.The remains of plants and animals