Personal loans are unsecured loans offered by financial institutions based on factors such as employment history, repayment capacity, income level, profession, and credit history.
<h3>How do personal loans work?</h3>
When you are approved for a personal loan, the funds are often sent directly into your checking account. When you acquire a loan to refinance current debt, you can occasionally ask your lender to pay your invoices directly.
Prepare to begin payback within 30 days, regardless of how you receive your payments. If you have a variable-rate loan, your interest rate will fluctuate, which may cause the amount you owe to alter from month to month.
When you pay off your personal loan, the credit line is closed.
Thus, Option D is correct which describes personal loans.
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Answer:
$462
Explanation:
The computation of the net present value is shown below:
= Present value of all year cash inflows by considering the salvage value - initial investment
where,
Present value of all year cash inflows by considering the salvage value is
= Annual cash flows × PVIFA factor for 4 years at 15% + Salvage value × discount rate at 4 year on 15%
= $54,000 × 2.855 + $11,000 × 0.572
= $154,170 + $6,292
= $160,462
And, the initial investment is $160,000
So, the net present value is
= $160,462 - $160,000
= $462
We simply applied the above formula to determine the net present value
Refer to the PVIFA table and discount factor table
This is the answer but the same is provided in the given option
Answer:
a. cannot be purchased through the IPO.
Explanation:
The Financial Industry Regulatory Authority (FINRA) does not allow purchase of IPO stock by insiders.
It states that no FINRA member firm should sell IPO shares to an account where a restricted person has an interest.
Restricted persons are defined as anyone that is employed by a broker or their immediate family.
So the spouse of the registered representative cannot be given an allocation in the IPO share sale.
Answer:
A) $3,000
Explanation:
Accrual accounting requires that revenue should be recognized only as the earning process is being completed, so in this case, only four months (September, October, November and December) worth of revenue can be recognized as such = $9,000 x 4/12 = $3,000
The remaining $6,000 will be included in the balance as a liability account: unearned revenue.
Answer:
growth
Explanation:
This aspect is incredibly important during the growth stage of the product life cycle. This is mainly because during the growth stage the company is increasing its sales and customer base rapidly. Competitive products tend to pop up a lot during this stage and copy the company's strategies. If the manufacturer makes a mistake or does not take the appropriate actions in time then they can easily lose a large part of their customer base to the competitor's product very quickly.