Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which the loan will be paid back. Diego says that Sienna’s loan is an example of closed-end credit while Sienna says it is an example of open-end credit. Which statement about the loan is true?
a) Diego is correct because the loan has to be paid in full by a specific date.
b) Sienna is correct because she had to pledge collateral to get the loan.
c) Sienna is correct because the amount can be borrowed again after she repays the loan.
d) Diego is correct because the loan is a line of credit.

Answers

Answer 1

Answer:

-Diego is correct because the loan has to be paid in full by a specific date.

Explanation:

Closed-end-credit is a type of credit where a fixed amount is borrowed and must be repaid in full by the end of a specified period. The amounts to be paid back are the principal and the interests. Sienna took a closed-end-credit because her loan was issued at a go, and she had to repay after 48 months.

Open-end credit is like a revolving fund.  The borrower is allowed credit up to a specific limit. Once they make repayments, they can re-access the facility.


Related Questions

Which account(s) are found on an income statement? Select all that apply:

Owner's Equity

Cost of goods sold

Checking

Loan Payable

Accumulated depreciation

Answers

Answer:

accumulated depreciation

Explanation:

Accumulated depreciation is the total amount of depreciation expense that has been recorded so far for the asset. Each time a company charges depreciation as an expense on its income statement, it increases accumulated depreciation by the same amount for that period.

Accumulated depreciation and checking are found on an income statement. Thus, options C and E are correct.

What is accumulated depreciation?

Accumulated depreciation is the total depreciation that has been applied to the single point to the assets. Each time, depreciation is recorded and added in the beginning period of the accumulated depreciation.

The example of accumulated depreciation is the net book value of a piece of printing equipment is $65,000 if a business paid $100,000 for it and has accrued $35,000 in depreciation. $100,000 - $35,000 = $65,000. The cost of an asset cannot be exceeded by accumulated depreciation.

Thus, option C and E are correct.

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20: What are some ways you can stay financially literate?

Answers

Ayuda porfabor necesito ayuda

Visit any retail store in your community and request a 20 minutes appointment to interview the owner or manager so that you can collect relevant information State the name of the business and the year in which it was established
1.1 List and explain any THREE objectives this business is able to meet?
1.2 Use an appropriate example from this retail store and differentiate between total revenue average revenue and marginal revenue.​

Answers

The three objectives in the retail store are:

Excellent Customer Service.Boast Brand Awareness.Create or form Brand Loyalty.

What is average revenue?

Average revenue is known to be the one that depicts how much revenue exist  per unit of the output.

Marginal revenue is one that connote the increase or boast up that is found in total revenue as it is said to be increasing from one output unit.

Note therefore, that if the three objectives in the retail store are meant, the store will have a lot of customers.

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Paula has saved $8,000 for her college expenses by working part-time. She plans to start college next year and needs all of the money she saved. Which of the following is the safest place for her college money?

Answers

She is supposed to deposit it in a bank

Global marketing strategies that affect customer volume include strategies that: Attract new customers to grow in market share. Grow the market demand by bringing more customers into a market. Enter new markets to create new sources of customer volume Require some level of marketing effort to achieve a certain level of market share. A. (i), (iii) and (iv) B. (i), (ii) and (iii) C. (i) and (ii) only D. (i), (ii), (iii) and (iv)

Answers

The option D is true as all the statements refers to the global marketing strategies that affect the customer.

What are Global marketing strategies?

Global marketing strategies are a part of an overall business plan. It is the process of adjusting the marketing strategies of a company to better fit the needs of potential customers in other countries.

Entering a new international market can give a company access to a new customer base, which can increase company revenue.

This may also have several other benefits, such as reduced labor costs, access to additional resources, and the ability to diversify risks.

Hence, Option D is true as it covers all the Global marketing strategies that affect customer volume.

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Why are production possibilities curves helpful for businesses?
A. They show how many products will need to be sold to earn a
profit.
B. They show how producing one product affects production of
another.
C. They predict how a product's sales will rise and fall over time.
D. They compare production efficiency between multiple companies.

Answers

Answer: B - they show how producing one product affects production of another.

Explanation: Uses comparative advantage to allocate production factors, thus obtaining better efficiency

Judi Janson wishes to accumulate $8,000 by the end of 5 years by making equal, annual, end-of-year deposits over the next 5 years. If Judi can earn 7% on her investments, how much must she deposit at the end of each year to meet this goal?

Answers

Answer: 1,391.13

Explanation:

Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and preparations for your chosen career. Using the Voice Recorder tool, create this in the form of a personal commercial in which you advertise your attributes in terms of what you’ll need for the chosen profession

Answers

In creating a personal commercial, one have to give a conversational and natural oral presentation. One can start with:

Been confident, have a good poised, and been professional.

What is a personal commercial?

Others are:

Greet by saying: Hello, my name is (name). State your Goal, Interest and also your passion and others kind of attributes that can set you apart from others.

A personal commercial is known to be a short introduction that a person often give to a specific employer, mentor, or others.

Conclusively, By following the steps above, one can give a good  personal commercial.

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Easy question 18 points………….

Answers

Answer: D) Duty of care, breach of duty, causation, and harm

Detailed Explanation:

Negligence claims must prove four things in court: duty, breach, causation, and damages/harm.

What role does weak financial regulation and supervision play in causing financial crises?

Answers

Weak regulation and supervision mean that financial institutions are at risk, especially if market behavior is weakened by the existence of a government safety net.

What are the causes and effects of a financial crisis?

The factors contributing to the financial crisis include systemic failure, unforeseen or uncontrollable human behavior, high-risk incentives, lack of control or failure, or infections that can spread the spread of virus-like problems from one institution or country to another.

Thus, this is the way weak financial regulation and supervision play in causing financial crises.

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bruin manufacturing has expected ebit of $26,000 in perpetuity. a tax rat 35% and debt equity ratio of 60 percent. the firm has $60,000 in outstanding debt at an interest rate of 8percent and its wacc is 12 percent. what is the value of the firm according to m&m proposition 1 with taxes?. should bruin change its debt-equity ratio if the goal is to maximize the value of the firm? explain.

Answers

The value of the firm according to M&M proposition 1 with taxes will be as follows,

WACC = .12 = (100/160)RE+ (60/160)(.08)(.65) ;RE= .1608

RE= .1608 = RU+ (RU– .08)(.6)(.65) ;RU= .1381

VU= EBIT(1 – t)/RU= ($26,000)(.65)/.1381 = $122,348.96

VL= VU+ Dt = $122,348.96 + .35D = $140,833.33

Or

VL= EBIT(1 – t)/WACC = ($26,000)(.65)/.12

= $140,833.33

What is M&M proposition?

Miller and Modigliani theory mentions two propositions. Proposition I state that the market value of any firm is independent of the amount of debt or equity in capital structure. Proposition II states that the cost of equity is directly related and incremental to the percentage of debt in the capital structure.

B) Applying M&M Proposition with tax the capitals, the firm has increased its value by issuing debt. As long as M&M Proposition holds, that is, there are no bankruptcy costs and so then the company should continue to increase its debt equity ratio to maximize the value of the firm.

Thus, the value of the firm according to M&M proposition 1 with taxes will be $140,833.33.

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Business Study assignment grade 10

Answers

Where the picture at so I can answer it
Where is the question

Use a well labelled graph to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision for the country's economy. (8)​

Answers

A country's economy will go on a decline if there is a hyperinflation in the petrol prices.

What is hyperinflation?

Extreme increase in prices in a very short span of time is regarded as the condition of hyperinflation. If there is hyperinflation in the petrol prices, its demand will be lowered and people will look for substitutes.

Thus, increase or hyperinflation in the petrol prices will lead to declining of a country's economy and will not serve as a wise decision.

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Daniel has saved $2,000 in a savings account that earns 0.5% interest annuallyWhat will most likely happen to the purchasing power of his savings over time?
PLEASE HELP!!

Answers

Based on the explanation below, the most likely thing to happen to the purchasing power of his savings over time is to fall.

What is purchasing power?

Purchasing power can be described as the amount of goods and services that a unit of currency or an amount of money can purchase.

The relationship between interest rate and inflation rate affects the purchasing power of a saving account.

When the interest rate is higher than the inflation rate, purchasing power increases.

But when the interest rate is lower than the inflation rate, purchasing power falls.

For example, for the 12 months ending April 2022, the annual inflation rate in the United States was 8.3%.

Since the 0.5% annual interest rate being earned by Daniel is lower than the 8.3% annual inflation rate, the most likely thing to happen to the purchasing power of his savings over time is to fall.

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Stephi owns a footwear store. She wants to create a graph of the number of sneakers sold, by brand. She copies the SneakerSales query results from the database. What should be her next step?
pasting the query results into a spreadsheet
sorting the query results by brand
graphing the data
pasting the graph into a spreadsheet

Answers

Answer:

the answer is a

Explanation:

pasting the query results into a spreadsheet :)

brainliest/crown please :)

Answer:

a = pasting the query results into a spreadsheet

Explanation:

Which of these is not one of the three uses of money?

a medium of exchange
a store of value
a means to barter
a unit of account

Answers

Answer:

The answer is means to barter. This is the obvious answer because barter means to exchange something without the use of money, so this answer would be a contradiction.

Explanation:

You have a great day, put God first, he's real and he loves you. My faceb account is Don Omega, hit me up over their. I'm 16 and live on Alabama.


Which of the following would be considered a 'Tamper proof container?'

Answers

“Tamper proof container” is defined as a “container that once sealed, clearly shows whether it has been opened. The term includes a cup or similar container that is placed into a bag that has been sealed with a zip tie or staple or sealed with shrink wrap or a similar seal.”

What is Tamper Evident Packaging?

Tamper evident packaging that alerts the consumer to foul play or damage to the product.

What is meant by a tamper proof container?

Examples of approved containers- Sealed and Tamper Evident;

Cork or plug with a foil heat seal. crown capped glass bottles (similar to beer bottles). container with a shrink band or shrink wrap seal over the screw cap. heat- sealed closures over sealed caps.

Then you can grasp forward about tamper proof container too-

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You remove an adult out of the water who
was floating face down and not moving.
They are unresponsive… What next?

Answers

Answer:

First of all, I think this is a dum question, but what you would (probably) do is give him/her CPR.

Explanation:

Common sense.

i think:

and don't worry)

Why do you think people in general are affected by celebrity endorsements?

Answers

Answer:

People in general are affected by celebrity endorsements because they are big business.

Explanation:

Endorsement is a statement or action which shows that you support or approve of something that may not be of effect to common people since they are given by big  business which they are at times unable to relate with.

What is owner's equity?
Nonsense = Reported
Thank you ~​

Answers

Hii :))

Owner's equity is defined as the amount of money invested by the owner in the business minus any money taken out by the owner of the business.

~

Tax incidence is concerned with tax loopholes.
Please select the best answer from the choices provided
Т
F

Answers

Answer:

F

Explanation:

Tax incidence is concerned with tax loopholes. FALSE.

The belief that taxes should be paid based on benefits received, despite total income, is known as the benefit principle of taxation.

PLEASE ANSWER FAST
A film editor’s job requires artistic vision and adaptability.

A. True
B. False

Answers

i believe that the answer is a. true


1. Describe a company that you think uses advertisement well as a promotional strategy.
What do you think makes their advertisements successful? (1-5 sentences. 2.0 points

Answers

Answer:

Coco-Cola.

Explanation:

Because of how many ads they put on tv this is my answer.

If I sell 700 units of
product at $.79
each what is the
total revenue?

Answers

Answer:

i think its 553

Explanation:

Hope this helps

Monetary policy is described as actions that influence the supply of ____________ and availability of ____________.

Answers

Answer:

Money, Credit

Explanation:

Monetary policy is described as actions that influence the supply of money in an economy. This in turn affects the availability of funds or credit in the economy.

A needs assessment conducted at McDonald's was presented in the text. Which of the following is NOT true of its needs assessment process?

Answers

A need assessment process comprises of Plan, Developing questions, Select data collection methods, Analyze and prioritize data.

What is Needs Assessment?

Simply put, a Needs Assessment can be defined as a process to find what is missing is a system that is meant to deliver a particular output.

In summary, it is an analysis of what is given and what is expected.

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What can a borrower do to take control of their debt?
A. The borrower can create a payment plan.
B. The borrower can make only minimum payments.
C. The borrower can pay bills selectively.
D. The borrower can apply for more credit cards.

Answers

The answer is A: the borrower can create a payment plan

Answer:

the Answer is A. The borrower can create a payment plan.

Explanation:

Sandra is a printing equipment operator for a large catalog publisher. What might be one task that Sandra performs as part of her job?

A. changing the plates on the large printer
B. editing the advertisement’s wording
C. photographing pictures of the items for sale
D. delivering catalogs to various stores

Answers

b is ur answer for this question cause it’s more acutel

INTERVIEW a business owner on the crisis experienced in the workplace attach an interview schedule as part of your oral presentation

Answers

An effective interview should contain a planned schedule and script, as well as questions that align with the research objective.

How to plan an interview?

It is essential that the questions developed are objective and directive, following a planned roadmap where the main solutions for the research are satisfied. It is essential to seek to reduce subjectivity and ambiguity in a structured interview.

Therefore, in an interview with an entrepreneur about a crisis in the workplace, some topics can be addressed, such as risk planning, personnel management and communication.

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Adidea Corp. bought 100 units at $15 each. The company then sold 30 units at $25 each, and 50 percent of the purchase was paid in cash. What amount will Adidea credit to the inventory account? A. $1,500 B. $750 C. $375 D. $45

Answers

Answer: Merchandise Inventory                          7,500

                  Cash in bank                                                  3,750

                  Accounts Payable      

Explanation:

$375 amount will Adidea credit to the inventory account. Thus option C is correct.

What is a company?

A company is a legal body created by a group of people to conduct and manage a multinational corporation, whether it be commercial or economic. The company's main aim is to earn a profit. Also, to make sure that they have enough finds to run the business in the near future.

The information that is provided is :

100 were purchased by Adidea Corp. for $15 a piece.

The business then sold 30 units for $25 each, with cash representing 50% of the total cost.

The total amount of commodities that are sold = 25 * 30

= 750

The Percentage that the commodity is paid in cash is 50%.

The amount that is paid in credit will be = 750 * 50 /100

= 375

Therefore, option C is the correct option.

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What does the word diction mean? In order to select new board members, the French club held an election. 25% of the 84 members of the club voted. How many members voted? - (-)= i need help please solve why do states obey international law? Based on your knowledge of realism which of the following scenes would a realist artist most likely want to paint If you are in a great deal of debt but want to save for an emergency fund, you shouldSave for the fund while paying down your debtpay down your debt firstconsider getting a second job to pay down your debt firstconsider getting a second job, and save that job's money, and then pay down your debt 13. Why are the ideals of equality, privacy, individualism and democracy so important in the United States? What makes the U.S. different from other countries?a. These ideals have been established in the United States through acts of legislation-citizens who ignore them are committing crimes.b. Civil war, union activism, and peaceful protests have kept these ideals on the forefront of U.S. policies and politics.c. The United States has a very diverse population-commitment to these ideals is needed to maintain harmony among groups.d. The various religious groups in America have worked together to establish and maintain structures guided by these ideals. Find the factor of each ff. 49x-63x+7 hello is anyone free to help me? Which statement best explains why Lear agrees to drink poison if that is what Cordelia wants?A. Lear believes he deserves to be poisoned because of the way he treated Cordelia in the past.B. Lear believes death would be more peaceful than living with the memory of his past mistakes.C. Lear would rather be poisoned than have to think of the many ways Cordelia has disappointed him.D. Lear feels he has no choice but to accept being poisoned since he is weak and cannot resist. What is the volume of a sphere with a diameter of 32.5 m, rounded to the nearest tenth of a cubic meter? suppose you go north from texas (TX) to the next state then you go to the state of west where would you be Which one of the following statements is NOTapplicable to molecular solids?1. Molecular solids are usually excellent conductors of electric current.2. Molecular solids have relatively low melting points.3. Molecular solids are soft compared to covalent solids. Who was Yasser Arafat? (please help)a Jewish diplomat in the Israeli governmentan Egyptian prime ministera Palestinian leader of a terrorist groupan Iranian shah What type of information could a viewer get from both video and writing? both show how the subject moves both present the same subject matter both demonstrate how the subject sounds both allow the viewer to imagine the subject Mary is inscribing a square in the circle shown, but she is having difficulty remembering the process.Which summary describes the basic process for constructing a square inscribed in the circle? A. Create the perpendicular bisector of FO. Then use the points of intersection of the perpendicular bisector with the circle, along with points F and G, to draw the square. B. Set the compass width to the length of FO, place the point of the compass on the circle, and draw an arc. Place the compass on the intersection of the arc and the circle, and repeat the process until the circle is intersected by four arcs. Connect the intersection points to form the square. C. Create the perpendicular bisector of FG. Then use the points of intersection of the perpendicular bisector with the circle, along with points F and G, to draw the square. D. Set the compass width to the length of FG, place the point of the compass on the circle, and draw an arc. Place the compass on the intersection of the arc and the circle, and repeat the process until the circle is intersected by four arcs. Connect the intersection points to form the square. SUBJECT A : Whats the blood glucose after 1hr / 2hr / 3hr in MG/DL without diabetes- (Candy Bar, Salted Peanuts, American Cheese, and Orange Smoothie)SUBJECT B : Whats the blood glucose after 1hr / 2hr / 3hr in MG/DL with type 1 diabetes- (Candy Bar, Salted Peanuts, American Cheese, and Orange Smoothie)Both subjects begin with a level of 100 mg/dL How many moles would be present in 9.54x 1023 molecules of ammonia? The prism shown represents a storage bin for a barn. The dark face will be open to allow people to place items inside.A net of a triangular prism. Face A is shaded.Which face of the net represents the open face of the prism?ABCD why is the star spangled banner important?