What's the key difference between term life insurance and straight-life insurance?

Maria wants to start a restaurant of her own. as she does not have any savings, she approaches her bank for money and enters an

Art [367]

Answer:

Line of credit

Explanation:

Line of credit ( LOC )-

It is the monetary value , which the bank or any credit union agrees to lend , with a predefined limit , from which the person can use the amount and then the interest is paid for the amount the person has borrowed , is known as line of credit .

In the case of LOC , a maximum limit , the interest rate and the time to repay back the amount with some minimum payments is defined beforehand .

8 0

3 years ago

Ramos Co. provides the following sales forecast and production budget for the next four months: April May June July Sales (units

Ronch [10]

Answer:

1) Direct Labor Budget April May June July

production 450 580 550 550

* hours per unit 0.60 0.60 0.60 0.60

= hours worked 270 348 330 330

* rate $17 $17 $17 $17

Direct Labor Cost $4,590 $5,916 $5,610 $5,610

2) Factory overhead budget

Variable overhead $5,670 $7,308 $6,930

Fixed overhead $8,100 $8,100 $8,100

Total overhead budget $13,770 $15,408 $15,030

Explanation:

Variable overhead = ( direct labor hour * $21)

April = ( 270 * $21) = 5,670

May = ( 348 * $21) = 7,308

June = ( 330 *$21) = 6,930

7 0

4 years ago

Read 2 more answers

If there is an excess supply of money in the economy, A. there is also an excess demand for money B. there is also an excess dem

yarga [219]

Answer: B. there is also an excess demand for bonds

Explanation:

When there is an excess supply of money in the economy, there is also an excess demand for bonds.

This is because in his case, rather than holding money, individuals will want to increase their being holdings and therefore, this will lead to the reduction in their holding of money. Equilibrium will further be restored as there'll be reduction in interest rate.

8 0

3 years ago

Zach has decided to start his own photography studio. To purchase the necessary equipment, Zach withdrew $10,000 from his saving

Serga [27]

Answer:

Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.

Explanation:

opportunity cost = 3%($10,000) +8%($5,000)

= $300 + $400

= $700

Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.

3 0

3 years ago

Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar

KonstantinChe [14]

Answer:

Explanation:

i'll answer it after 2 decades Please be there at same time like today

5 0

3 years ago