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Partners may charge interest on drawings to ensure fairness and equity among partners in a partnership. By charging interest, they can account for the opportunity cost of capital that partners withdraw from the business, reflecting the potential earnings lost due to those withdrawals. This practice also encourages partners to limit their withdrawals, promoting better cash flow management within the partnership. Additionally, it helps maintain transparency in financial dealings among partners.
What else can I help you with?
Charge made for using another's money?
If you are talking about interest, that is a charge that a lender can add onto a borrower's principal amount in exchange for the borrower using the lender's money (aka a loan). If you are talking about a criminal charge, that would be either theft or fraud.
What is the federally regulated maximum interest rate that a finance company can charge on a loan in the year 2011?
continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.
What lender would most likely charge you the highest interest rate on your loan?
finance company
Difference between interest rate and finance charge?
finance charge - This is the one time fees that the bank may charge for processing your loan Interest rate - This is the rate at which you must pay the bank interest for availing the loan during the loan tenure. Ex: Assuming you take a Rs. 1 lakh loan for 1 year at 10% fixed rate of interest and a 0.5% processing fee/finance charges ==> Monthly payment = 9166.67/- (Out of this Rs. 8333.33 would be principal repayment & Rs. 833.33 would be interest) Finance charges = Rs. 500/-
What interest rate would be considered as loan sharking?
"An interest rate of more than 25 percent should be considered as loan sharking. That is the practice of loaning out money, just to charge a lot to get it back."
Why would partners allow interest on capital?
Basically interest on capital is an economic cost because the partners could have earned lets say 8% interest by putting the money in a fixed deposit instead of contributing it to the capital.Hence a normal rate of return to the partners is expected.
If a firm has both interest expense and lease payments would times interest earned be smaller than fixed charge coverage?
times interest earned be smaller than fixed charge coverage
Can a massage therapist charge a client interest for unpaid massage therapy treatments?
Sure. It is a standard business practice to charge interest on an outstanding balance. This is very similar to the interest credit card companies charge you when you only pay part of your balance. Though most massage therapists are compassionate and understand that their clients can have financial difficulties. Even though they have the right to charge interest, it would be more compassionate not to do so. People that get massages are already under a quite a bit of stress from their daily interactions, it would be nice to have a haven of healing and compassion where they did not have to worry about interest on unpaid bills. I personally would not charge interest.
How do you find an artist that would do some drawings for part interest in a rhyming childrens book?
If you want to find an artist to do some drawings for part interest in a bhyming children's book, you should check the websites fo various artists, nd see if they are open to proposals. Make a proposal, and be prepared to negotiate terms.
Charge made for using another's money?
If you are talking about interest, that is a charge that a lender can add onto a borrower's principal amount in exchange for the borrower using the lender's money (aka a loan). If you are talking about a criminal charge, that would be either theft or fraud.
If drawings ran past your eyes at 24 drawings per second how many drawings would it take to make a 9.30 minuet movie?
it would need 13680 drawings
What is the federally regulated maximum interest rate that a finance company can charge on a loan in the year 2011?
continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.
What lender would most likely charge you the highest interest rate on your loan?
finance company
How much would your finacnce charge be if you had to pay each month on a 1000 balance?
The finance charge would depend on the interest rate and the number of months it will take you to repay the loan.
What does 19.99 percent purchases mean on a credit card?
It means they charge you 19.99% interest annually. $1000 of average daily balance would cost you $199.90 in interest. You do not pay any interest on a credit card if it is paid of in full every month, but the moment you do not pay it off in full, they will charge you interest on every purchase from the day of purchase.
Difference between interest rate and finance charge?
finance charge - This is the one time fees that the bank may charge for processing your loan Interest rate - This is the rate at which you must pay the bank interest for availing the loan during the loan tenure. Ex: Assuming you take a Rs. 1 lakh loan for 1 year at 10% fixed rate of interest and a 0.5% processing fee/finance charges ==> Monthly payment = 9166.67/- (Out of this Rs. 8333.33 would be principal repayment & Rs. 833.33 would be interest) Finance charges = Rs. 500/-
Should you sell your drawings?
If you have an attachment to it I would say no. But if you need money you can sell all the drawings you want.
