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?


-Diego is correct because the loan has to be paid in full by a specific date.
-Sienna is correct because she had to pledge collateral to get the loan.
-Sienna is correct because the amount can be borrowed again after she repays the loan
-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.

Answer 2

Answer:

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

Explanation:


Related Questions

whats a business name (Cant be a business already)

Answers

Answer:

imagination ink.

Explanation:

we produce imaginations, your in need of one

If someone hire you today, what are some skills that you have that you can use in the workplace?

Answers

responsibility, organization, and good sportsmanship to name a few.

Why don't more people save for the future?
Which reasons can be fixed by having a money plan?

Answers

Answer:

Explanation:

Lots of people like to focus in today, which is fun but can mean bad things in the future. If you save for the future you can be prepared or not overwelled if a surprise bill or extra money is needed.

Can a company be good at corporate social responsibility but not be sustainability-oriented? Is it possible to focus on sustainability but not corporate social responsibility? Based on reading the Focus on Managerial Implications section, discuss how much CSR and sustainability are related and how much the concepts differ from each other.

Answers

Answer:

Sustainability is how long a business can last or strive in the market while going about their responsibilities. Corporate social responsibility is doing business in ways that are beneficial and not harmful to the society or environment.

An organization cannot be good at both if they cannot balance their responsibilities toward their workers, society or government.

A company can be involved in the production of good products at low cost and yet they are involved in wasting natural resources and emission of carbon. Such a company is not environmental friendly and is not socially responsible.

CSR and sustainability go together these days. The relationship here is that if a company is able to benefit the society and environment, then it would be able to get increased output, a positive image and quite a good number of customer base would want to patronize them for being socially responsible.

The difference between them is that CSR takes the welfare of all parties into consideration, the society and environment inclusive. While sustainability does not consider all factors.

Sustainability is how extended a business can survive or strive in the market while going about its responsibilities.

What is Corporate social responsibility?

Corporate social responsibility is doing business in ways that are restorative and not detrimental to the society or environment.

An organization cannot be exemplary at both if they cannot balance their obligations toward their workers, society, or government.

A company can be involved in the production of good products at a low cost and yet. When they are involved in wasting natural resources and also emission of carbon. Such a company is not environmentally friendly and also it is not socially responsible.      

CSR and sustainability go together these days.

The association here is that if a company can benefit the society and environment, then it would be able to get increased output, a positive picture and quite a good number of consumer base would want to patronize them for being socially responsible.

The distinction between them is that CSR considers the welfare of all parties, the society, and the atmosphere inclusive. While sustainability does not evaluate all factors.

Find more information about Corporate social responsibility here:

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Supply and Demand: Tutorial
17 of
Part B
What is the relationship
between the price and the number of necklaces Rachael supplies?

Answers

Answer:

see below

Explanation:

There exists a direct relationship between the price of a commodity and the quantity supplied. Producers find it more profitable to increase supplier when the prices are high. As businesses are motivated by profits, high prices are likely to generate more profits. High prices are a motivation to supply large quantities.

If the price of necklaces goes up, Rachel will supply more to the markets. She will take advantage of the high prices to sell more and make bigger profits. Low prices lead to reduced profits or even losses. At low prices, Rachael will supply a few necklaces in the market.

Answer: As the price goes up, the number of necklaces she supplies goes up.

Explanation: edmentum / plato

In a planned economy which of the following does the job of market forces in order to determine the outcome

Answers

the answer is the government

How will the consultant's advice help make a change in the environment in the scenario below: A farmer has practiced burning fields after each crop season in order to get rid of the leftover crop matter, and then tilled the land before planting new crops. He recently hired a consultant to see what he could do to make more environmentally conscious choices, and the consultant advised the farmer to stop burning and tilling and instead practice zero tillage farming, using the leftover crop matter to make his own fertilizer.

Answers

Answer:

The consultant's advice will reduce soil degradation and increase organic matter content in soil

Explanation:

In this scenario the present practice by the farmer of burning crop residue and tilling results in soil degradation and loss of organic matter.

Burning on the farm leads to loss of crop nutrients such as nitrogen and organic matter. It also causes environmental pollution of air, land, and water when carbon, nitrogen, and sulphur by-products are released to the atmosphere.

Tillage is the practice of turning the top 6 - 12 cm of soil when preparing for planting. This practice reduces water holding capacity of soil, accelerates nutrient loss, and degrades soil structure.

So if the farmer stops burning crop residue and practices zero tillage it will result in less environmental pollution, reduce soil degradation, and increase soil nutrients especially organic matter

True or False: The key to smart investing is investing all your assets into a single stock with a strong earning history.

Answers

Answer:

False

Explanation:

Answer:

False

Explanation

Investing your assets in the single stock is not going to help with strong earnings.

Also I got this answer and False was correct.

Hope this helps!!

lol can someone check how many followers i have on insta its alexamaldonadoo i will give brainliest

Answers

Answer:maybe more than 100

Explanation:

Answer:

1,225

Explanation:

When researching an occupational field, what information should you be looking for?

Answers

Answer:

Current and predicted trends

-Educational requirements

-Job descriptions

-Growth outlook

-Salary ranges

Explanation:

took test

Pieces of information one must consider while researching an occupational field are Job description, Required education and experience, Working conditions, Salary and Fringe benefits.

What is a job description?

A job description includes the following elements: the job title, the purpose of the job, the tasks and responsibilities of the job, the needed and desired qualifications for the job, and the working environment. A job description often lists the qualifications, education, and training that a prospective employee must possess.

It will detail the job's responsibilities and tasks. Once a job description has been created, it may be used as the starting point for candidate interviews, orientation for new hires, and performance reviews. Benefits and work happiness have a favorable association.

Research strategy: It was determined that a quantitative study approach and a survey format would be most effective for determining how wages and benefits affect work satisfaction. In fact, 96% of respondents to a study of employees said that their total job satisfaction was influenced by their remuneration.

Learn more about the job description, here:

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free brainliest whoever answers first

Which examples demonstrate common Banking and Related Services workplaces and employers? Check all that apply.

Answers: A, C, E

Bud stands at a counter helping customers with deposits and withdrawals.
Tobias works for an investment company analyzing investment opportunities.
Thanh analyzes a customer’s application for a mortgage in a mortgage company office. Lourdes works for the stock market managing transfers of stock.
Jill meets with a customer in a credit union to discuss a loan.
Suzanne sells health insurance.

Answers

Answer:

ace of spades A C E

Explanation:

Answer:here's the right answer for this question

Explanation:edge2023

Identify the examples of backgrounds. Check all that apply.

Sabir was raised in a Muslim family.
Michael wants to earn a college degree.
Irene is planning to become a Carpenter.
Jean has parents who have strong political views.
George wants to learn how to style hair.
Bao grew up participating in Chinese cultural activities.

Answers

Answer:  The answers are: Sabir was raised in a Muslim family, Jean has parents who have strong political views, and Bao grew up participating in Chinese cultural activities.

                                                     Hope this helps :)

Tom was recently turned down for a loan. He would like to re-apply next year for the same loan. Which of the following is not a change he could make to increase his chances of being approved for the loan?

a.

Pay off some of his credit cards to decrease his debt-to-income ratio.
b.

Take out some more credit cards to increase his monthly debt.
c.

Find another job that pays more, increasing his gross monthly income.
d.

Improve his credit score by making all credit card and loan payments on time

Answers

Look at all the options and see which one would NOT be a positive change. In order to get a loan, you want as little debt as possible, which rules out option A because getting rid of debt is good. You also want a high paying job, which rules out option C. Finally, your credit score is very important in getting a loan. You want the best credit score possible, which rules out option D. This leaves option B. This would be the answer because, as I said before, you want as little debt as possible, so increasing your monthly debt would not be helpful at all in getting a loan.

Answer:

B

Explanation:

Take out some more credit cards to increase his monthly debt.

your car insurance will not protect you if you break the law.

true or false

Answers

Answer: No.

Explanation: Your car insurance is for car purposes only. They can not help you if you break the law. Unless it is car related  

Answer:

True

Explanation:

Because I'm right, get over it

If running a cable tv ad seven times daily for a week generated 1,800 ticket sales, how long should the stadium run the cable ad in order to reach a target of 27,000 tickets?

Answers

Answer:

15 weeks

Explanation:

They run the add 7 times per 1 day for a week (7 days) which makes $1,800

1800/7=257.14 /7 again for 7 times that day =$36.73

They make $36.73 per one ad.

1800*15=27,00 so it would take 15 weeks to sell the 27,000 tickets

What is the term for convincing a customer to buy a larger quantity of an item or a more expensive item?

Answers

Answer:

Upselling

Explanation:

This way it benefits the seller in terms of money and may also benefit the costumer

Upselling is the process of persuading a customer to purchase a more expensive or larger quantity of a product. This has financial advantages for both the vendor and, possibly, the customer.

What is upselling?

In order to increase sales, a vendor may invite a consumer to buy more expensive goods, upgrades, or other add-ons. This practice is known as upselling. Even while it typically entails promoting more lucrative services or goods, it can also just involve introducing the customer to alternate possibilities they may not have previously considered.

Cross-selling is a separate strategy when a seller tries to market a different product. Large organizations typically combine upselling and cross-selling to increase revenue in the real world.

Upselling is the process through which a company tries to persuade clients to buy a more expensive product, an upgrade, or an extra item in order to generate a more lucrative transaction.

Learn more about upselling, from:

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what is a social workers job description?

Answers

social workers help people who are having problems and they help them to overcome them !

XYZ, CPA, has been engaged to examine the financial statements of ABC Corporation for the year ended December 31, 2015. During the year, ABC obtained a long-term loan from a local bank pursuant to a financing agreement that provided that 1. The loan was to be secured by the company's inventory and accounts receivable. 2. The company was not to pay dividends without permission from the bank. 3. Monthly instalment payments were to commence July 1, 2015. In addition, during the year, the company borrowed various short-term amounts from the president of the company, including substantial amounts just prior to year-end. Required: a. For purposes of the audit of the financial statements of ABC Corporation, what procedures should XYZ employ in examining the described loans? b. The loans from the president represent a related-party transaction. What financial statement disclosures do you believe would be appropriate for the loans from the president?

Answers

Answer:

a. Analytical review of loan agreement.

Inquiry from management about the loans and its covenants.

Observing the management behavior towards covenants.

Inspecting the effects of each covenant on business activities.

b. According to IAS 24, related party transactions the loan from president should be disclosed.

Explanation:

Loans are a source of funding to a business. Many organizations prefers high debt funding as it is a cheap source of finance. On the other hand high debt companies are considered as risky. When an auditor analyses the loan covenants he must ensure that he reads the complete agreement and analyses the effects that each covenant has on the company's performance. Loan covenants are always considered as flagged as this is an important area which requires detailed audit. In the given scenario the loans are taken against company's inventory and receivable accounts which is a threat to company's working capital. There are covenants imposed not to distribute any dividend to shareholders. These will create a liquidity position for a company if the loan is not paid on time and company will not have sufficient amount of working capital to fund its routine expenses and business operations.

b. IAS 24 provides detailed guidance on discloses for transaction involving related party. The president of a company has provided loan to the company this should be disclosed in the notes. The transaction should be in the arms length and disclosures should be made for every transaction.

Please Help Me I Will Give Brainliest
Describe the relationship between USP and the marketing function.

Answers

Answer:

In marketing, the unique selling proposition (USP), also called the unique selling point, or the unique value proposition (UVP) in the business model canvas, is the marketing strategy of informing customers about how one's own brand or product is superior to its competitors (in addition to its other values).

Explanation:

Google

Please mrk Brainliest

What is the difference between international and domestic travel?

Answers

Answer:

domestic is within the same country

international is between countries

only people who own property need insurance


true or false

Answers

Answer:

false

Explanation:

pretty sure that is false as one can have life insurance without property.

Still double check...

If 28 percent of agricultural production was under contract in 1970, 30.5 percent under contract in 1990, 34 percent in 1997, and 41 percent in 2005, what would be the most logical amount to be under contract in 2014?


70 percent

10 percent

25 percent

46 percent

Answers

Answer:

Explanation:

i think 25 %

Answer:

46 percent

Explanation:

Forty-six percent would be the most logical amount. For the past fifteen years, agricultural production under contract has increased from 30.5 percent in 1990 to  41 percent in 2005. The increase of about 10.5 percent in 15 years.  On average, its a 0.7 percentage increase per year.

Between 2014 and 2005, there are nine years. Going by the previous rate, there will be an increase of about nine times 0.7 percentage, which is 6.3. the closest from the list provided is 46 percent.

Which of the following best describes a situation where software should be upgraded instead of replaced?

Answers

Not sure what you’re asking because there’s no answers or picture to choose from, but

Example: If storage is full on a computer, you could upgrade your storage instead of getting a new computer

please help me ASAP
i will give brainliest

Answers

Answer:

d

Explanation:

The equation of any straight line, called a linear equation, can be written as: y = mx + b, where m is the slope of the line and b is the y-intercept. The y-intercept of this line is the value of y at the point where the line crosses the y axis.

This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.

Answers

Remainder Part of the Question:

Build Your Financial Base Terms:

The ______ is one of the best places to put your money.

A _______ is one of the worst places to keep long-term investments.

You can use a _______ to keep track of purchases.

Your _______ is likely to be the largest of the most important investments you make.

It is wise to plan your financial future with _______.

Available Options are:

Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.

Answers:

A. Stock market

B. Bank Account

C. Credit Card

D. Home

E. Insurance

Explanation:

A. The Stock Market is one of the best places to put your money.

Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.

B. A Bank Account is one of the worst places to keep long term investment

The lowest returns are on saving accounts hence it is the worst place for long term investments.

C. You can use Credit Card to keep a track of your purchases.

Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.

D. Your Home is likely to be the largest of the most important investments you make

Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.

E. It is wise to plan your financial future with Insurance.

Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.

what kind of standardized tests do new yorkers take in high school?

Answers

Answer:

regents state tests SAT ACT

Economic importance
of
rivers

Answers

Answer:

Traditionally, rivers have been valued primarily as water sources to drive the economic engines of irrigation and hydropower. However, rivers provide a broader set of services that deliver immense benefits to people, economies and nature, which include, but exceed, the value of the water they carry.

Explanation:

A popular fried chicken franchise opened their operations in China. Their Beijing outlet translated the tagline, Finger-lickin' good" to "Eat your fingers off." Using online research, briefly summarize five other examples of poor cultural language and cultural awareness in advertising.

Answers

Answer:

(Answers may vary.)

Sometimes marketers try to convince consumers overseas that their product goes beyond traditional cultural barriers by simply translating the original taglines or ignoring cultural barriers. This is where they go wrong. Here are some examples:

A company that made baby foods entered the market in Africa where they used their original packaging of containers with baby pictures on them. In Africa, most companies follow the tradition of putting picture of contents on the packaging. So, putting the picture of a baby on the packaging proved to be a bad brand strategy.

A famous cereal brand had to rename their product name in Sweden after it was translated into the local language as “burned farmer.”

A well-known bank with an ad campaign that read, "Assume Nothing," had to reconsider their campaign when they launched their operations overseas. They had to change their tagline because the tagline translated to "Do Nothing" in many countries.

An automobile company tried to sell cars in Mexico using a tagline that roughly translated to “the car doesn’t move”.

A beverage company used characters in Chinese that sounded like the brand name but read as “Bite the wax tadpole.” They later used a different tagline, this time being more careful.

Explanation:

Plato

Hoi Chong Transport, Ltd. Operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 125,000 kilometres during a year, the average operating cost is 12.520 cents per kilometre. If a truck is driven only 90,000 kilometres during a year, the average operating cost increases to 16.5 cents per kilometre. (The Singapore dollar is the currency used in Singapore.)

Answers

Answer:

The total cost will be "$1,279,286.25".

Explanation:

The total cost at 125000 Km will be:

[tex]=125000\times 12.520[/tex]

[tex]=1,565,000[/tex] ($)

The total cost at 90000 Km will be:

[tex]=90000\times 16.5[/tex]

[tex]=1,485,000[/tex] ($)

The variable cost will be:

[tex]=\frac{(1,565,000 - 1,485,000)}{(125000 -90000) }[/tex]

[tex]=2.28571[/tex] ($)

Now,

Fixed cost = [tex]Total \ cost -variable \ c ost[/tex]

                  = [tex]1,565,000 - 125000\times 2.28571[/tex]

                  = [tex]1,279,286.25[/tex] ($)

HI I really want a bichon poodle dog but first I need to convince my parents. So far I've been working on earning 1000 dollars to pay for it and I wrote a 50 page essay but I'm not sure that will cut it what is the best tactic to get my dog??? what is the best business tactic to get this item.

Answers

Answer:

A lemonade stand maybe

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