Which of the Following Are Extra Charges Paid by Consumers

question 168

Multiple Choice

Which of the following are extra charges paid by consumers for violating the terms of purchase agreements?

• A)decoy fees
• B)punitive fees
• C)consumer penalties
• D)financial judgments

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Definitions:

Interest Expense

Interest expense refers to the charges a business incurs over time for borrowing money.

Income Taxes Expense

The amount of money a company or individual owes to the government based on their taxable income.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations by comparing its interest expenses to its earnings before interest and taxes (EBIT).

Net Income

The net income of a company, which is the remaining amount after deducting all expenses and taxes from the total revenue.