Some examples of situations where interest eats into revenue include loans and credit card debts. When a business takes a loan, it has to pay back the principal amount along with the interest. If the interest rate is high, it can significantly reduce the company's revenue. Similarly, if a company uses credit cards for business expenses and doesn't pay off the balance in full each month, the interest charges can eat into the revenue.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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