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mafiozo [28]
1 year ago
12

Amounts collected by the lender and held in a trust or impound account for future payment are called what?

Business
1 answer:
Aleonysh [2.5K]1 year ago
5 0

The amounts collected by the lender and held in a trust or impound account for future payment are called Reserves.

Reserves are earnings that have been appropriated or set apart, for use for a selected cause in addition down the road. A few examples of specific reserves include capital redemption reserves, contingency reserves, debenture redemption reserves, and dividend equalization reserves. each of these reserves has a particular purpose, but, if important, specific reserves can every so often be used for bills that are not their meant functions.

Reserves may be funded by way of annual working surpluses, or thru a funding plan. These price ranges are considered to be "savings bills" so no fees can be charged without delay to them; the simplest transfer object codes must be utilized to reserve money owed.

A lender is a man or woman, a set (public or non-public), or an economic institution that makes finances available to a person or business with the expectation that the price range could be repaid. Compensation will include the charge of any hobby or costs.

Learn more about economic institutions here brainly.com/question/4230044

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You take out an installment loan to purchase a fishing boat costing $3,900. You make a down payment of $1,000 and finance the ba
Mazyrski [523]
APR formula = (Finance charges/total balance) x 365

Purchase price = $3,900
Downpayment = $1,000
Total financed = $2,900
Payments (36m) = $100.53
Total amount = $3,619.08

APR formula = (Finance charges/total balance) x 365
APR = ($3619.08/2900) x 365
APR = 4.5%
6 0
3 years ago
Supply chain analytics programs have many objectives that, if realized, would ______. a. offer lower prices for customers but le
ValentinkaMS [17]

Answer:

d. offer lower prices for customers and lead to greater customer satisfaction

Explanation:

Supply chain analytics programs have many objectives that, if realized, would offer lower prices for customers and lead to greater customer satisfaction.

Supply Chain Analytics can be defined as the use of data-driven intelligence in improving operational efficiency and effectiveness  to reduce customer service cost and increase customer service experience.

Therefore through the use of predictive modelling, businesses are able to understand the pattern of customer transactions which aids them in reducing transaction costs and improving their satisfaction.

7 0
3 years ago
Read 2 more answers
Why is it important for organizations to accurately estimate the demand for a good or​ service? A. To decrease the fixed costs o
Yuki888 [10]

Answer:

B. To plan​ production, marketing, and budgets

Explanation:

A company needs to know accurately the demand for a good or service because it has to determine what kind of customer it is and plan the marketing accordingly. Additionally, that information will be valuable in planning plan its production volume. And afterward, with that information in hands, knowing fixed and varied costs, marketing costs and others, plan the budget accordingly. Pricing, fixed costs, demand slope, and potential sales will be determined by other factors that can include but are not limited to demand estimation.  

4 0
3 years ago
Compare the structural approach to the external variable approach of kinesics
dedylja [7]
<span>The Structural Approach to kinesics studies all movement and sees all behaviors as important and communicative, and studies the KINE or the smallest unit of movement or motion. The External Variable approach however must be interpreted for it to be considered communication, and to be studied. Behaviors must also be full and completed, and it studies the KINEMORPH or the combination of lines, and specific whole movements. And it's also distinguished by idiosyncratic and shared info (personal behaviors/tendencies and behaviors with meaning for the particular group).</span>
3 0
3 years ago
Company acquired a new truck at at cost of $52,000 on January 1, 2019. The truck is expected to be used for 4 years and have a s
AfilCa [17]

Answer and Explanation:

The computation is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($52,000 - $8,000) ÷ (4 years)

= ($44000) ÷ (4 years)  

= $11,000

In this method, the depreciation is same for all the remaining useful life

a. The depreciation expense for 2019 is $11,000

b.  The depreciation expense for 2020 is $11,000

c. The accumulated depreciation for year 2019 is $11,000

d. The accumulated depreciation for year 2020 is $22,000 ($11,000 + $11,000)

e. The book value is

= Original cost - accumulated depreciation

= $52,000 - $22,000

= $30,000

3 0
2 years ago
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