Answers
When we evaluate the performance of a fund manager, the historical average return would be invalid as a performance measure because it does not adjust for risk.
Who is fund manager?The accountability for maintaining precise accounting records for investment money rests with the fund managers. Additionally, you can be in charge of overseeing trading operations and putting investment plans into action.
In order to acquire and sell securities that suit the fund's strategy as described in the prospectus, fund managers first do research to identify the best stocks, bonds, or other securities. Larger funds generally include a support team of analysts and traders who carry out some of these tasks for the fund management.
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Related Questions
When it comes to Reading as a communication skill, what does it mean to diversify?
Answers
to not be like others :)
Reading is the process of examining a string of letters and figuring out what they imply. One learns new words and viewpoints by reading.
What is communication skill ?The most crucial life skill is probably the ability to communicate effectively. It is what makes it possible for us to communicate with others and comprehend what they are saying to us. Simply observing a baby trying to imitate its mother's sounds can give you an understanding of how basic the desire to communicate is. Your job life, social interactions, and every other part of your life can benefit from improving your communication abilities.
The range of abilities that reading comprehension encompasses can be applied to all facts of life. thus reading is considered as a best communication skill.
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A. Management by objectives helps implement goal setting theory. Set two objective, measurable goals for an employee who works in your flower store, or your liquor store.
B. Are unions a good idea for Starbucks employees? Why or why not?
Answers
Two objective, measurable goals for an employee who works in my flower store are:
To fulfill the customer wants and give them better product.To increase sales and revenue by 10%.Union is a good idea for Starbucks employees because they can fight for the right of the employees and help to bargaining for a contract with company lawyers.
What is goal setting theory?The goal setting theory explains the goal setting and how it is been linked to task performance.
This stressed about specific and challenging goals and how appropriate feedback brings about as well as better task performance.
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what link-building strategy do search engines implicitly approve?
Answers
The link building strategies that the search engines are known to have to approve of implicitly would be the
Nofollowthe sponored links attributesWhat is meant by the link building strategies?This is the term that is used to refer to the practice that has to do with the ways that the one way hyperlinks can be built. This is usually done through the use of the website that had to have the goal of helping to get visibility through the use of search engines.
The strategies that are used are the ones that have to do with content writing, the ones that have to do with useful tools and those that have to do with the outreach that is done with the use of mails.
The other ways that this can be done would be through the use of the social media outreach. Hence the links that they would use implicitly would have to do with the nofollow links etc.
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SUPPORT NUMBER -1-833.983-2639 | HELP ☎
Answers
Explanation:
what help??
what help ??
Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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In a communist economy all economic activities are controlled by?
Answers
Answer:
benefits of quality management
1.Why is knowledge of consumer behavior important to the marketer?
Answers
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
What is a TRUE statement about who is affected by the stock market? A. No one is affected by the stock market. B. Only big companies are affected by the stock market. C. All people are affected by the stock market. D. Only investors are affected by the stock market.
Answers
Answer: c is the answer everyone if affected by the stock market. Inflation and other factors such as bank crashes and business going out of business is bad for all
Explanation:
discuss the pillars of government sector supply chain management.
Answers
Answer:
Pillar 1 – Vulnerability. ...
Pillar 2 – Management Culture. ...
Pillar 3 – Procurement. ...
Pillar 4 – Operations. ...
Pillar 5 – Demand & Visibility.
Explanation:
hope it's helpful to you
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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What should your statement show if
you have zero balance and you did
NOT use the credit card in the last
month?
A. $20
B. 2% APR
C. $0
D. 10% bonus
Answers
Answer:
C. $0
Explanation:
Using a credit card does not have to be expensive to cost a customer. Paying the full statement balance before the due date helps a credit card user avoid expensive interests and fees. A credit card attracts interest only when outstanding balances.
Should a customer clear the statement balance before the credit company generates a statement, their balance will be $0 when the statement is generated. Paying all balances early does not save on interests but improves on credit score.
What do you need to provide in order to get secured credit?
A. An asset
B. A co-signer
C. A credit card
D. A tax refund
Answers
Answer:
The answer is A
Explanation:
got it right on Ed.
You need to provide an asset in order to get secured credit. The appropriate response is Option A.
What is an asset?An asset is any resource controlled or owned by a business or economic entity in financial accounting. It is anything that has the potential to generate positive economic value. Assets are ownership values that can be converted into cash.
An asset is defined as anything of value or a valuable resource that can be converted into cash. Individuals, businesses, and governments all own assets. An asset may generate revenue for a company, or the company may benefit in some way from owning or using the asset.
A secured credit is a type of credit that is backed by a asset , which serves as collateral on default of payments.
Hence, the appropriate response is option A.
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An increase in income is always possible with out increasing expenses.
O True
False
Answers
External Influences on Consumer Behavior SaGa is a European fashion store chain that specializes in accessible, trendy clothes and accessories for men and women. Its target audience includes fashion-conscious young men and women, ages 16-30. After success in Europe, SaGa is getting ready to launch its flagship stores in five U.S. markets-New York, Los Angeles, Chicago, San Francisco, and Miami. Based on its product offerings, SaGa is targeting millennials (those born between 1982 and 2000, also called gen Y). As a group, millennials are open to making impulse purchases, and are socially connected as demonstrated by their use of Twitter to tweet about products and brands. Also, based on its "accessible" price for its fashion offerings, Saga is targeting middle-to upper-middle-class millennials. SaGa's advertising agency of record was excited about the impending launch campaign in the U.S. and its first-ever foray into the American market, which is heavily influenced by celebrity and pop culture. The agency was developing a campaign that focused on "usage occasion"—the ad would show a group of friends, in their 20s, getting together for a Friday night out in the city. A social occasion such as a night out with friends, combined with the setting of a city street lined with trendy clubs and restaurants, highlighted a perfect usage occasion for wearing fashionable clothes from SaGa. In the ad, the friends walk through a busy city street that has a party atmosphere, and pass several other people whose fashion sense is not as trendy as theirs. As they pass these people, the contrast between their group and the other people is highlighted by the use of muted, fading colors (for the other people) versus bright and pleasing colors (for the group of friends wearing SaGa). The agency was thus contrasting those who do not wear SaGa, a dissociative group, with those who do. Meanwhile, Raza, a high-end fashion store chain in Europe, is planning to enter the Japanese market. RaZa's promotional strategy decisions include highlighting the purchase situation in their ads by showing the exclusive boutique store atmosphere, and by using international supermodels that denoted an aspirational group for their target audience. RaZa targeted older and more affluent consumers compared to SaGa; their target market consisted of upper-class gen X'ers in Japan (those born between 1946 and 1976). RaZa's research revealed that the Japanese culture understood and respected high-end fashion. The consumer does not make purchase decisions in isolation. A number of external factors have been identified that may influence consumer decision-making, such as culture, subcultures, social class, reference groups, and situational determinants. Match the various external (or environmental) influences on consumer behavior to the relevant situations in SaGa's promotional decisions. Then match these external influences to examples found in RaZa's decisions. Born between 1965-1976 SaGa's Promotional Decisions External Influences Examples of External on Consumer Influence from Behavior RaZa's Promotional Decisions Affluent consumers Exclusive boutique-like shopping atmosphere Decision to launch in America, which represented a new culture, compared to their existing markets. Supermodels Target consumers: millennials Situational determinants Target consumers: middle and upper-middle class Social class Ads featured people that the target consumers identify with (associative groups), and also people that the target group does not belong to (dissociative groups). Subculture Ads featured a typical usage occasion for SaGa's product offerings - a Friday night out with friends. Japanese appreciation for high-end fashion Reference groups Culture
Answers
Part of question attached
Answer and Explanation:
Please find attached answer and explanation
Burkhardt Corp. pays a constant $15.25 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever. If the required return on this stock is 9.2 percent, what is the current share price
Answers
Answer:
$90.69
Explanation:
Current share price can be determined by calculating the present value of the cash flows
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 to 9 = 15.25
I = 9.2
PV = 90.67
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Which of the following pieces of information from the supporting materials is appropriate for the project summary? Select all that apply.• The Sauce & Spoon locations selected for the rollout• Plans to expand the tablet rollout to all Sauce & Spoon locations• The pilot will roll out in the bar area of each restaurant• A detailed timeline of the project's tasks and milestones
Answers
The Sauce & Spoon locations were selected for the rollout.
The pilot will roll out in the bar area of each restaurant.
What is a project summary?
A project summary is a tool for project management that condenses the state of a project at a specific point in time. They offer a synopsis of all the major components of your project's details and are succinct and thorough. Project summaries show internal project progress at a specific point in time. A brief document or part of a document created for business objectives is known as an executive summary. It provides an overview of a longer report, proposal, or collection of linked reports so that readers can quickly become familiar with a substantial body of information without having to read it all. It often includes the project's goals, context, requirements, challenges, analysis, and conclusion.
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Which of the following statements accurately describes how an event will impact supply? Choose 1 answer: Choose 1 answer: (Choice A) A An increase in costs of production will cause an increase in the supply curve (Choice B) B An increase in demand will cause an increase in supply (Choice C) C An increase in price will cause supply to increase (Choice D) D A decrease in price will cause supply to increase (Choice E) E A decrease in resource costs will cause an increase in the supply curve
Answers
The statement that accurately describes how an event will impact supply is option B An increase in demand will cause an increase in supply.
What happens when supply and demand both rise?If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.
Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
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jones manufacturing has current assets of $26,900, net working capital of 8,200 long-term debt of 21, 500 and total equity of 57,800 what is the equity multiplier?
Answers
Answer:
1.7
Explanation:
The computation of the equity multiplier is shown below:
As we know that
Net working capital = current assets - current liabilities
So,
current liabilities is
= $26,900 - $8,200
= $18,700
And,
Total liabilities = current liabilities + long term debt
= $18,700 + $21,500
= $40,200
Now
Total assets = Total liabilities + Total equity
= $40,200 + $57,800
= $98,000
Now
Equity multiplier is
= Total assets ÷ equity
= $98,000 ÷ 57800
= 1.7
Why is it important for the business owner to
understand the market they are selling to?
Answers
Answer:
So they can advertise to the correct demographic
Explanation:
"Kent Manufacturing produces a product that sells for $50.00. Fixed costs are $260,000 and variable costs are $24.00 per unit. Kent can buy a new production machine that will increase fixed costs by $11,400 per year, but will decrease variable costs by $3.50 per unit. Compute the revised break-even point in dollars with the purchase of the new machine"
Answers
Answer:
$ 460,000.00
Explanation:
The break-even point==fixed costs/contribution margin
With purchase of a new production machine,total fixed costs would increase by $11,400
new total fixed costs=$260,000+$11,400=$271,400
contribution margin=sale price per unit-variable cost per unit
sale price is $50.00
variable cost=$24.00-$3.50=$20.50
new contribution margin=$50.00-$20.50=$29.50
New break-even point in unit of output=$271,400/$29.50=9,200 units
new break-even point in dollars=9200 *$50=$ 460,000.00
Which of the following statements is true? In market equilibrium:
a. There are uncomsummated wealth destroying transactions
b. There are unconsummated value creating transactions
c. None of these
d. There are no unconsummated wealth creating transactins
Answers
Answer: d. There are no unconsummated wealth creating transactions
Explanation:
In an equilibrium, a price has been reached that everyone is satisfied with. This is why there are no unconsummated wealth creating transactions.
The market has managed to bring together people who are want a certain good more than they will pay for it and sellers who value the good less than they will receive for it. The Equilibrium therefore sets a price that is fair on both these people which will mean that they will not be able to unfairly trade with one another. The person who values the good more than they can pay will be able to pay the person who values the goods less than they will receive. Equilibrium has brought them to a middle ground.
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
Answers
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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All of these are functions of money EXCEPT :________
a) medium of exchange. b) unit of account. c) defense against inflation. d) store of value.
Answers
Answer:
c
Explanation:
it doesn't make sense to be a function of money
All of these are functions of money, EXCEPT defence against inflation. Hence, option C is correct.
What is inflation?Inflation is the increase in the after the certain period of time. It is, consisting of the overall increase in the price of all the commodities.
Living in the country or surviving in the particular way becomes expensive at the time of inflation. Inflation can cause the high level of the dependency of money to the government as the middle class family face problems due pt increase in price.
The most afflicted groups by inflation are the poor and those on tight budgets. Borrowers and investors in stocks, properties, and commodities benefit from inflation.
Thus, option C is correct.
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help meh plsssssssssssssssssssssss
Answers
On January 1, 2015, East Lansing, Inc, issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually. The market rate is 8 percent at the time of issuance. The issue price of the bonds is:____a. $1,852.810 b. $1888,970 c. $1.999.970 d. $2,162.290
Answers
Answer:
The answer is option D
Explanation:
The bond can be issued at par, at a discount or at a premium depending on the coupon rate and the market interest. The price of the bond which pays semi annual coupon can be calculated using the formula of bond price. The formula to calculate the price of the bond is attached.
First we need to determine the semi annual coupon payment, periods and YTM.
Semi annual coupon payments = 2000000 * 0.1 * 6/12 = 100000
Semi annual periods = 5 * 2 = 10
Semi annual YTM = 0.08 * 6/12 = 0.04
Bond Price = 100000 * [(1 - (1+0.04)^-10) / 0.04] + 2000000 / (1+0.04)^10
Bond Price = $2162217.916
The price of the bond is thus $2162290 approx. The difference in answers is due to rounding off.
Tamarisk Company purchased equipment for $228,000 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 36,000 units and estimated working hours are 20,000. During 2020, Tamarisk uses the equipment for 550 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Tamarisk is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, eg. 5.35 and final answers to 0 decimal places, e.g. 45,892) (a) Straight-line method for 2020 $ (b) Activity method (units of output) for 2020 $ (c) Activity method (working hours) for 2020 $ (d) Sum-of-the-years-digits method for 2022 $ (e) Double-declining-balance method for 2021
Answers
a) Straight line method = (228000-12000/8) × 3/12 = 6750. Thus the depreciation expense of Tamarisk Company by using Straight-line method for 2020 is 6750
Describe double declining balance.A method of accounting known as the double declining balance (DDB) depreciation method entails double the rate of depreciation for some assets compared to straight-line depreciation. As a result, depreciation rises the most during the first year of ownership before falling over time. When you buy assets that depreciate more quickly in their initial years, you should employ double declining balance depreciation. A GAAP-approved method for discounting the value of equipment as it ages is double-declining depreciation, which is described as an accelerated method of depreciation. A tangible asset is depreciated at a rate that is double the rate of straight-line depreciation.
b) Activity method = (228000-12000/36000) × 1100 = 6600
c) Activity method = (228000-12000/20000) × 550 = 5940
d) Sum of year digit
= 216000 × 7/36 × 9/12 + 216000 × 6/36 × 3/12 = 40500
e) Double decline balance
= 228000 × 25% × 9/12+228000 × 75% × 25% × 3/12 = 53438
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a 2% increase in customer retention has the same net effect on a business as decreasing costs by 10%
Answers
Customer retention can increase company revenue by 25-95% with a 5% increase. Customers who are returning buy more frequently and spend more money than new customers. They recognize the worth of a product or service and return time and time again.
What is the customer retention percentage?The percentage of existing clients who remain customers after a certain period is referred to as the customer retention rate. Your customer retention rate can help in understanding what keeps customers coming back to your company and can also indicate opportunities to improve customer service.
Acquiring new customers can cost up to five times as much as satisfying and retaining existing customers. A 2% increase in customer accumulation has the same effect as a 10% reduction in costs. Increasing customer retention by 5% boosts profits by 25 to 95%.
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Monica, a doctor, owns a small health care clinic that serves underserved people in a lower-income neighborhood. What type of entrepreneur is Monica?
A.
A social entrepreneur
B.
A home-based entrepreneur
C.
A growth oriented entrepreneur
D.
An Internet entrepreneur
E.
A franchisee
Answers
Answer:
b
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Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on December 31, 2016, Scobie found it had made the following material errors, for both financial reporting and income tax reporting, during 2015.
1. Depreciation expense of $15,000 inadvertently had been recorded twice for the same machine.
2. No accrual had been made at year-end for interest; therefore, interest expense had been understated by $4,000.
Scobie’s net income after taxes during 2016 was $60,000. The company has been subject to a 30% income tax rate for the past several years. It declared and paid dividends of $13,000 during 2016.
Required:
1. Prepare whatever journal entries in 2016 are necessary to correct Scobie’s books for its previous errors. Make your corrections directly to the Retained Earnings account.
Answers
The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.
What is Retained Earnings?Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.
The retained earning is used in the future projects or for buying the equipment for the company.
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.
What is the probable reason when borrower and lender expect the inflation
Answers
Answer:
The probable reason when borrower and lender expect inflation is that it can reduce the real value of the loan over time. Inflation can also cause the cost of goods and services to increase, which can make it more expensive for the borrower to repay the loan.
Explanation: