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artcher [175]
2 years ago
11

Sabrina bought a new washing machine. She put $50 down and pays $50 per month for the next 10 months to be able to make the purc

hase. Which type of credit did she use?
Business
1 answer:
MatroZZZ [7]2 years ago
4 0

The credit she used is an installment sales credit.

Installments help you manage your liquidity and avoid unnecessary interest and fees. Installments are what you think of as a typical loan. Mortgages, car loans, or personal loans are examples of installment loans. These usually have a fixed payment and a specific end date.

Credit sales are a way for businesses to offer their customers short-term payment deferral options. The typical time frame for credit sales is 90 days or less. Credit sale discounts are often applied when the full amount is paid within a certain number of days.

Learn more about Credit sales here: brainly.com/question/25393740

#SPJ4

You might be interested in
An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita inc
faust18 [17]

The per-capita-income gap one year later will be $43,472.

<h3>What will be the per-capita-income gap one year later?</h3>

GDP per capita is the GDP of a country divided by the population of the country. It is used as a metric to determine the standard of living of the population.

GDP per capita = GDP / population

Difference in the GDP per capita = 1.04 x (44,000 - 2,200)

1.04 x 41,800 = $43,472

To learn more about GDP per capita, please check: brainly.com/question/28018695

#SPJ1

5 0
2 years ago
FindFor Inc. is an e-commerce retail firm that sells a variety of merchandise online. Through services like cash on delivery, ea
Lady_Fox [76]

Answer:

2) strategic positioning.

Explanation:

Strategic positioning refers to how a company decides to set itself apart and stand out from its competitors, while at the same time increasing customer value. They benefit from lower costs, so they can offer a wider range of services.

In this case, FindFor is an online retailer whose main activity is to offer a service (retail) but it includes additional free services to gain a competitive advantage. It offers free delivery of purchased goods, and in case you do not like the products, you can send them back for free and get a refund. This way they can differentiate themselves from brick-and-mortar retailers, while adding customer value.

4 0
3 years ago
Your variable annuity has a mortality and expense risk charge at an annual rate of 1.25 percent of account value. Your average a
tester [92]

Answer:

$575

Explanation:

To determine the mortality and expense risk charges for the year all you have to do is multiply your average account value times the fee rate:

mortality and expense risk charges = $46,000 x 1.25% = $575

The same logic applies to calculate all the fees charged including administrative fees.

6 0
3 years ago
AT Oils, a gas station, retails 30,000 gallons of petrol per year. Its ordering costs are $20 per order and holding costs are $4
Kaylis [27]

Answer:

The company should place an order every 2 days

Explanation:

The EOQ or economic order quantity is the quantity which minimizes the inventory related costs. The EOQ is calculated as follows,

EOQ = √(2 * D * O) / H

Where,

  • D is the annual demand
  • O is the ordering cost per order
  • H is the holding cost per unit per year

EOQ = √(2 * 30000 * 20) / 40

EOQ = 173.2050808 gallons rounded off to 174 gallons

If the company orders using the EOQ, then at an annual demand of 30000 gallons, the number of times that company should order the EOQ is,

Number of orders = 30000 / 174 = 172.4137931 or 173 orders per year

If the company needs to order 173 times per year, the company should place an order every x number of days.

x = 365 / 173

x = 2.10982659 days rounded off to 2.11 days or every 2 days

3 0
4 years ago
U.S. demand for Japanese products creates a​ ________ U.S. dollars and a​ ________ Japanese yen in the foreign exchange market.
crimeas [40]

Answer:

The correct answer is option C.

Explanation:

US demand for Japanese products will create a supply of US dollars and demand for Japanese yen in the foreign exchange market.

This is because when the US consumers purchase Japanese products they need to pay in Japanese yen, so they will exchange US dollars for Japanese yen. Consequently, this will lead to an increase in the supply of US dollars and a demand for Japanese yen.

6 0
4 years ago
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