As time frame shifts from short run to long run, producers are increasingly willing to substitute away from producing the good, and supply curve becomes more elastic. An fixed lower limit on a commodity's market price is known as a price floor.
In order to prevent a commodity's market price from falling too low and endangering the producers' ability to make a living, governments typically create a price floor. A price floor that exceeds the equilibrium market price is a binding price floor. If the higher price offsets the lesser quantity sold, producers benefit more from the bound price floor.
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While utilizing management functions is important for any type of business owner, it becomes absolutely essential for entrepreneurs who?
The answer is to decide to buy a franchise.
A franchise is a method of distributing products or services that involves a franchisor, who establishes the brand's trademark or trade name as well as a business system, and a franchisee, who pays the royalty and, in many cases, it is an initial fee for the right to do the business under the franchisor's name and system.
A franchise is an economic agreement between two businesses in which one authorizes the other to sell its products and intellectual property. Several fast food businesses, such as Dominos and McDonalds, operate in India through franchising.
As a result, the answer is decision to purchase a franchise.
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A(n) ________ constraint addresses the sequence in which project activities must occur even after considering resource constraints.
A technical or logic constraint addresses the sequence in which project activities must occur even after considering resource constraints.
Technology-associated circumstance or maybe that stops the assignment from completely turning in an appropriate way to customers and end users.
Logical constraints are one precise form of discrete or numerical Constraints.
It sincerely way the cease-to-end manner of moving and storing elements of completed and unfinished items. as instance, a vehicle production employer will shop and transfer motors (or their parts) in a systematic way.
Operations control consists of three stages: strategic, tactical, and operational.
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The term __________ refers to the purchase of new technologies to replace older ones.
The term technological substitution refers to the purchase of new technologies to replace older ones.
The simplest definition of technological substitution is the replacement of an older, well-established technology with a newer technology, whether it comes from the same technology family or has a new application.
Tracing financial innovation dissemination and substitution trajectories. The process of technological substitution may be characterized as the gradual replacement of "old" technologies by "new" ones.
The employment of computer programs to carry out operations that have typically been handled by humans is known as software substitution. There is a growing tendency toward software taking the place of employees. Automated checkouts and automated teller machines (ATMs) are two well-known examples.
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Opportunity costs are irrelevant costs when doing capital budgeting analysis.
a) true
b) false
Opportunity costs are irrelevant costs when doing capital budgeting analysis. The given statement is FALSE.
Opportunity cost is the advantage that was lost because a particular option was not selected.
It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
Opportunity costs have a value that can help people and businesses make more lucrative decisions.
Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally.
Costs that won't be impacted by a managerial choice are irrelevant costs.
Expenses that will be impacted by a managerial choice are relevant costs.
When you choose one course of action over another, irrelevant expenses won't change in the future.
Sunk expenses, committed costs, and overheads are examples of irrelevant costs because they cannot be avoided.
Hence, the given statement is FALSE.
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In the A-B-C classification system, items which account for about 60 percent of the annual dollar value, but only about 10 to 15 percent of the items in inventory, would be classified as
Article. The purpose of cycle counting is to: Reduce discrepancies between inventory records and actual quantities.
ABC taxonomy is a ranking system for identifying and grouping items according to their usefulness in achieving business goals. In this system, things should be grouped into three categories: A - VERY IMPORTANT. B - Moderately important. C - Relatively unimportant.
ABC analysis is an inventory management technique that determines the value of inventory items based on their importance to the business. ABC ranks items based on need, cost, and risk data, and inventory managers group items into classes based on these criteria.
The ABC method of materials management classifies materials according to their values. ABC analysis suggests that the inventories of the tissues are unequal. Inventory is therefore divided into three categories (A, B, and C) in order of estimated importance.
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The goal of _____ analysis is determining what is responsible for the difference between employees’ current and expected levels of performance.
The goal of gap analysis is determining what is responsible for the difference between employees’ current and expected levels of performance.
A gap analysis is a process which allows different organizations to determine how to acheive their business goals in the best possible way. It compares the current state with an ideal state or goals of the organization, which highlights the shortcomings and opportunities for improvement.
Many tools are in existence which helps you in bridging the gap between two . Whichever tool will be chosen by you, visualize and document each step of your gap analysis to keep the organization moving forward.
SWOT analysis is an example of tool used for the gap analysis.
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In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve that lies above the average-total-cost curve. c. upward-sloping portion of the average-total-cost curve. d. upward-sloping portion of the average-variable-cost curve. e. portion of the marginal-cost curve that lies above the average-variable-cost curve.
The long run will see the supply curve of a completive firm changing to the b. portion of the marginal-cost curve that lies above the average-total-cost curve.
What is the long-run supply curve in a perfect competition?In a perfect competition, a company will only produce goods and services at a level where the marginal cost curve is above the average total cost in the long run.
This means that the supply curve will be the marginal cost curve but only the portion of this curve that is above the long-run average total cost curve.
The reason for this is that in the long-run., all the costs in a perfectly competitive firm are considered variable and so they can afford to avoid supply mishaps in the short term.
In conclusion, option B is correct.
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Costs incurred as a result of past irrevocable decisions and irrelevant to future decisions are called:______.
Costs incurred as a result of past irrevocable decisions and irrelevant to future decisions are called opportunity costs.
Sunk costs are funds already spent in the past, and opportunity costs are potential returns not realized on future investments because the capital was invested elsewhere.
Sunk costs are costs that have already been incurred and have no possibility of future recovery. For example, rent, spending on marketing campaigns, or money spent on new equipment can all be considered sunk costs. Sunk costs are also known as past costs.
Sunk costs, also known as retroactive costs, refer to investments already made that cannot be recovered. Examples of irrevocable decisions in corporate sunk costs include marketing, research, installation of new software or equipment, salaries, benefits, or operating expenses.
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A president who pursues foreign policy strategies that focus on promoting military defense and homeland security and perceives involvement in international organizations or cooperation with other countries as a potential threat to the national security and sovereignty of his or her country is following a grand strategy of _____.
A president who follows foreign policy approaches that focus on promoting military defense and homeland security and perceives involvement in international organizations or association with other countries as a potential threat to the national security and sovereignty of his or her country stands following a grand strategy of isolationism.
What is Isolationism?Isolationism exists as a political philosophy advocating a national foreign policy that resists involvement in the political affairs, and particularly the wars, of other countries. Therefore, isolationism fundamentally advocates objectivity and opposes entanglement in military alliances and mutual protection pacts. A president who follows foreign policy approaches that focus on promoting military defense and homeland security and perceives involvement in international organizations or association with other countries as a potential threat to the national security and sovereignty of his or her country stands following a grand strategy of isolationism.
The head of state and government of the United States of America stands as the president of the United States (POTUS)]The president functions as both the head of the executive branch and the supreme commander of the armed forces of the United States.Since the President existed established in 1789, its authority has advanced significantly.Although the presidential authority controls fluctuated throughout time, it has recreated a significant role in American politics since the turn of the 20th century, especially under the administration of Franklin D. Roosevelt.To learn more about Isolationism refer to:
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According to doob, a supplier factory for reebok in india punished workers who made mistakes on the job by?
According to doob, a supplier factory for reebok in India punished workers who made mistakes on the job by confining them in the hot sun.
Employees who are disciplined for errors may develop new work habits and practices that are harmful to their ability to produce original work. One such instance involves an Indian supplier plant for Reebok punishing workers who commit errors at work by locking them within a heated environment.
Hiring managers always want to see their staff members succeed, pick up new skills, and be able to use those skills effectively. Unfortunately, not every learning path is smooth.
Your team must be fearless if you want to teach them how to act courageously. They will be better able to develop this fearless mindset if they are in an environment where they are free to express their opinions, try things out and fail, ask questions, and think creatively.
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The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ___________ of the world’s gdp.
The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
What is GDP?The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.
Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).
The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
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The high-income economies of the world contain approximately 12% of the world’s population and create and consume 60% of the world’s GDP.
What is Gross domestic product?
Gross domestic product is a financial measure of the market value of all the final goods and benefits produced in a specific time period by countries. Due to its complex and subjective nature this step is often revised before being considered a reliable indicator.
GDP is more reasonable comparing national economies on the international market. Total GDP can also be damaged down into the contribution of each industry or sector of the economyGDP definitions are supported by a number of national and international financial organizations.To learn more about Gross domestic product, refer
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How does market competition ensure that consumers will be offered a selection of low-priced foods?
Market competition leads to productive efficiency which ensures that goods are produced at the lowest possible costs.
Market competition leads to productive efficiency which ensures that firms produce at the lowest possible cost per unit. Suppose when a new product comes in the market, it is often expensive. However with the passage of time, many producers develop the skills to produce the same product.
So, with the increase in competition, market achieves production efficiency and price of that product decreases, thereby making it affordable for many people to purchase.
Hence, in market competition prices reflect consumers preferences and firms are motivated by profit.
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A weak company culture A. celebrates change and consensual decision-making. B. produces champions of innovation and creativity. C. creates harmonious subcultures along its value chain. D. promotes greed-driven and unethical behaviors. E. rewards consensus thinking.
One thing that a weak company culture does is that it D. promotes greed-driven and unethical behaviors.
What is the effect of a weak company culture?A weak company culture is one that allows for unethical behavior to be perpetrated with impunity.
Such a culture would give rise to greed as people try to outpace each other through unethical actions.
This means that there would be little teamwork and instead a toxic environment would be the order of the day. Such a company cannot hope to survive for too long before it crumbles.
In conclusion, option D is correct.
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If the price of gasoline increase by 10% and quantity demanded decreases by 5% the the demand for gasoline is:_________
If the price of gasoline increase by 10% and quantity demanded decreases by 5% the the demand for gasoline is inelastic demand
What is inelastic demand?The cost of a product The elasticity of demand is a measure of how price sensitive the quantity sought is. When prices rise, the amount sought for practically any good reduces, but it falls more for some than for others.
Price inelasticity is extremely advantageous to organizations and is critical in understanding how to design their pricing strategy. Price inelasticity provides enterprises with greater price freedom because the change in demand is virtually the same whether prices grow or decrease.
Demand elasticity is a measure of how demand responds to price changes. It's normalized, which means that the specific prices and amounts are irrelevant, and everything is regarded as a percentage change. The formula for demand elasticity includes a derivative, which is why we're using it.
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If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 years? use the compound interest formula a = p(1 r over n)nt. $68.39 $704.28 $842.13 $846.10
Option $842.13
Step-by-step explanation:
we know that ,
The compound interest formula is equal to
A= P[tex](1+\frac{r}{n} )^{nt}[/tex]
where ,
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have ,
t = 14 years
P = $240
r = 0.09
n= 12
substitute in the formula above ,
A= $240 [tex]( 1+\frac{0.09}{12} )^{12 * 14}[/tex] = $842.13
Compound interest :
Compound interest (also known as compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
The rate at which compound interest accrues depends on the frequency of compounding. The higher the number of compounding periods, the greater the compound interest
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Answer:
$842.13
Explanation:
I got it right on the test.
Which report summarizes cash collections and cash expenditures from operation investing and financial activities over a period of time?
Answer is statement of cash flows.
A cash flow statement is the financial statement that summarizes all the cash inflows received by the firm from continuing activities and the external investment sources. It also covers all the cash outflows used to fund corporate operations and the investments during a certain time period.
The financial statements of a firm provide investors and analysts with a picture of all the transactions that occur within the organization, where each transaction adds to its performance. The cash flow statement is seen to be the most straightforward of all financial statements since it tracks the cash generated by the firm in three ways: the operations, investment, and financing. The net cash flow is the total of all these three components.
Therefore, the answer is cash flow statement.
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A bond has a par value of $1,000, a market price of $300, and a 9% coupon rate. It will mature in 5 years. What is the current yield of the bond?.
The current yield of the bond= is 0.3538 or 35.38%.
What is the yield of a bond?The annualized interest rate that discounts the coupon and face value payouts of a bond to its market price is known as the yield to maturity (YTM) of that bond. It is, in other words, the interest rate that the bond's holder receives.
The current yield of the bond:
Annual coupon (C) = Par value x Coupon rate
= $1,000 x 9%
= $90
Current yield = Coupon / Current price
= $90 / $300
= 0.30 or 30%
Yield to maturity
= C + [(F – P) / n] / [ (F + P) /2
C = Annual coupon = $90
F = Par Value = $1,000
P = Current price = $300
n = Years left to maturity = 5
So, YTM
= $90 + [($1,000 - $300) / 5] / [($1,000 + $300) / 2]
= $90 +$140 / $650
= 0.3538 or 35.38%
The current yield of the bond= is 0.3538 or 35.38%.
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A perpetuity pays $100 each and every year forever. the duration of this perpetuity will be:_________
Perpetuity pays $100 each and every year forever. the duration of this perpetuity will be 12.11
Yield rate = 9% or 0.09
Duration of perpetuity = (1+ Interest Rate) / Interest Rate
= 1+ 0.09 / 0.09
= 1.09 / 0.09
= 12.11
A perpetual annuity is a never-ending annuity or series of cash payments that lasts forever. True eternity is rare. For example, the UK government has issued them in the past. These were known as consoles and were all eventually redeemed in 2015. Cash flow is endless.
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If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is a. 200 - 4q. b. 100 - 4q. c. 200 - 2q. d. 2
If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is 200 - 2q. Price becomes a function of quantity demanded in the case of an inverse demand curve. The inverse of a demand curve, this indicates that variations in the amount required cause changes in price levels.
The formula for calculating the demand curve for a product yields the graph of an inverse demand curve. The quantity demanded is a function of price on the demand curve. This aligns the horizontal axis with pricing, with quantity demanded on the vertical axis.
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To minimize the risk of theft of consumer remittances, the person who handles and deposits customer payments can also.
To minimize the risk of theft of consumer remittances, the person who manages and deposits customer payments can also. Use of cash registers.
What is a Customer Deposit?A customer deposit is cash settled to a company by a customer, for which the company has not yet provided goods or benefits in exchange. The company has an obligation to provide the displayed goods or services, or to replace the funds.What are customer deposits?
A customer deposit is a prepayment for the investment of future goods and services (unearned revenue). Overpayment of customer invoices (A/R) may also be regarded customer deposits because they are also thought unearned revenues.
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Azure inc. , an information technology company, uses a quartile strategy and positions itself in the third quartile to develop its compensation strategy. Tt targets pay ranges so that 25 percent of?
Azure inc., an information technology company, uses a quartile strategy and positions itself in the third quartile to develop its compensation strategy. Tt targets pay ranges so that 25 percent of lead-the-market strategy.
Technology is the result of accumulated knowledge and the application of skills, methods and processes used in industrial production and scientific research.
Technology is the application of scientific knowledge to practical ends in human life, or, as it is sometimes expressed, in modifying and manipulating the human environment.
Technology includes the manufacture and use of tools, tools and machinery, the things themselves manufactured and used, and the needs and purposes they serve. The whole complex of these inventions is technology. Technology itself is an invention, or, in Latin, a means.
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Margo insists that her dreams frequently enable her to perceive and predict future events. margo is claiming to possess the power of:_______
Margo insists that her dreams frequently enable her to perceive and predict future events. margo is claiming to possess the power of precognition.
The alleged psychic phenomenon known as precognition involves seeing or otherwise becoming immediately aware of future events. Precognition is usually regarded as pseudoscience because there is no acknowledged scientific proof that it has any validity.
Precognitive dreams are frequently explained by coincidence or the law of large numbers. There will occasionally be matches between dream visions and specific future events or imagery given sufficiently many possibilities. Precognition is the supernormal ability to know what will happen in the future, with the focus being on foretelling events rather than mentally influencing them to happen.
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When goods are shipped FOB destination and the seller pays the freight charges, the buyer a.journalizes a reimbursement to the seller b.does not take a discount c.makes no journal entry for the freight d.journalizes a reduction for the cost of the merchandise
When goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.
What are the journal entries for FOB destination transactions?When merchandise is sold on FOB destination terms, it implies that the seller is legally responsible for the safety of the goods until delivered to the buyer. In most cases, the buyer does not pay for the freight.
In such a case, the Seller also records the delivery expense or freight as a period expense.
The buyer does not make any journal entry for the cost of delivery or (freight). Since the seller bears all the delivery risks, the buyer can only pay for the cost of the goods when they reach the buyer's destination.
Thus, when goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.
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Shari'ah law mandates social and economic behavior based on interpretation of the:______.
Shari'ah law mandates social and economic behavior based on interpretation of the Quran.
Behavior is the range of actions and actions performed by an individual, organism, system, or man-made entity in a particular environment. These systems include not only the inanimate physical environment, but also other systems and organisms.
The definition of behavior is the way a person or thing behaves or reacts. A child throwing a tantrum is an example of bad behavior. The chimpanzee behavior studied by scientists is an example of behavior. The way something works or works.
Someone's Behavior (See Sense of Behavior 1) I appreciated the gracious behavior of the hostess. Rewards were given to children who did good deeds. do your best.
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When firms innovate by leveraging existing technologies into new markets, they are said to be involved in_________?
When firms innovate by leveraging existing technologies into new markets, they are said to be involved in Architectural Innovation.
When new products or services employ current technology to open up previously untapped markets or attract new customers, this is known as architectural innovation.
Businesses can innovate by utilizing and modifying current technologies to develop new goods and services that cater to untapped markets and clientele. Given that a product's architecture is altered in order to generate a new product and enter new markets, this form of innovation is known as architectural innovation.
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The form of corporate growth used to minimize shocks in specific markets, exemplified by general electric when it entered markets for appliances, x-ray machines, and elevators, is known as:__________
The form of corporate growth used to minimize shocks in specific markets, exemplified by general electric when it entered markets for appliances, x-ray machines, and elevators, is known as Diversification.
A corporation that uses diversification as a corporate development strategy creates new goods and services or enters other markets in addition to its current ones. A diversification strategy can help a struggling company get back on track or help already successful businesses grow even more.
By making investments in many sectors that would each respond to the same occurrence differently, it seeks to limit losses. Diversification is the most crucial element of achieving long-term financial goals while avoiding risk, according to the majority of investing specialists, even though it does not guarantee loss.
In other words, it entails making investments in various businesses. There are many advantages to investing in multiple businesses, but it may also be quite hazardous.
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When the price is $8 a ticket the price elasticity of demand for movie tickets is:________.
The percentage change in quantity required divided by the percentage change in price, which is 100, is known as the price elasticity of demand. percent divided by÷24
percent = 4.
How is Price Elasticity of Demand is calculated?
By considering the percentage change in price as a percentage of the midpoint and the percentage change in quantity demanded as a percentage of the midpoint, the price elasticity of demand is determined.
What are the 4 types of elasticity of demand?
Price elasticity of demand, cross elasticity of demand, income elasticity of demand, and advertising elasticity of demand are the four primary types of elasticity of demand.
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The sarbanes-oxley (sox) act aims to reduce fraud by?
The Sarbanes-Oxley (SOX) Act aims to reduce fraud by reducing opportunities. In reaction to highly publicized corporate financial scandals, Congress passed Sarbanes-Oxley (SOX) Act in 2002.The act imposed more stricter recordkeeping standards and established strict new norms for accountants, auditors, and company leaders.
The act further increased the severity of punishments for breaking securities laws. SOX Act of 2002, it required stringent updates to current securities laws and placed severe new penalties on offenders. The high-profile fraud undermined investor faith in the reliability of corporate financial statements and prompted many to call for an update to long-standing regulatory norms.
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Profit margin is equal to ________.
a. net income divided by total owners' equity
b. net income divided by total assets
c. net income divided by sales
d. none of these
The correct answer is option C.
Profit margin is equal to net income divided by sales.
What is profit margin?One of the often used profitability statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits. Simply put, the percentage value represents the amount of profit the company made on each dollar of sales. For instance, if a company states that it had a 35% profit margin during the most recent quarter, that translates to $0.35 in net income for every $1 in sales.Different profit margins come in different forms. However, in common usage, it typically refers to net profit margin, which is a company's bottom line after all other costs, such as taxes and one-time charges, have been deducted from revenue.
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Answer: net income divided by sales
Explanation:
What is the annual interest rate of a fully amortizing, 20-year fixed rate $175,000 mortgage, with a monthly payment of $1,266.41?
6.125% is the annual interest rate of a fully amortizing.
What is amortizing?An amortising loan is a loan in banking and finance in which the principal of the loan is paid down throughout the life of the loan according to an amortisation plan, often through equal payments. Similarly, an amortising bond is one that repays a portion of the principal in addition to the coupon payments.
Amortization gives small businesses the benefit of having a consistent set payment amount that includes both interest and principal. An amortised loan spreads the principal along with the interest, resulting in a more manageable repayment plan.
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