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Inessa05 [86]
2 years ago
12

you need to buy a car and are considering loans from two banks. bank 1 offers a loan at 7% interest plus an application fee, and

bank 2 offers a loan at 7.5% interest plus an application fee. the loan terms are otherwise identical. based on this information, you can conclude that...
Business
1 answer:
FinnZ [79.3K]2 years ago
5 0

From the above information, it can be concluded that Without knowing the application fees, it is impossible to say which bargain is better.

<h3>What are application fees?</h3>

An application fee is money paid to a property owner in order for them to determine eligibility to rent an apartment. Application fees may appear to be a ploy to extract every last penny from tenants, but they serve a function and are rather frequent.

In the above scenario, first bank offers a loan at 7% and second bank offers  a loan at 7.5% and both have added the application fees. There is no way to tell which bargain is better without learning the application fees.

Therefore, it can be concluded that application fees amount is necessary to know.

Learn more about loan here:

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Engineering Wonders reports net income of $56.0 million. Included in that number is building depreciation expense of $4.6 millio
Monica [59]

Answer:

Engineering Wonders' net cash flows from operating activities are $61.8 million

Explanation:

Net income from operating activities = net income - gain on the sale of land + building depreciation expense = $56.0 - $1.4 + $4.6 = $59.2 million

Engineering Wonders' net cash flows from operating activities = Net Income from operating activities + Decrease in Accounts Receivable + Decrease in Inventory - Decrease in accounts payable = $59.2 + $1.6 + $3.6 - $2.6 = $61.8 million

4 0
3 years ago
Read 2 more answers
charging a customer different prices per unit, depending upon the number of units purchased is called
klemol [59]

It can be inferred that charging a customer different prices per unit depending on the number of units is called price discrimination.

<h3>What is price discrimination?</h3>

Price discrimination is a sales strategy in which customers are charged different prices for the same product or service based on what the seller thinks they can get the customer to accept. In pure price discrimination.

The seller charges each customer the maximum price he will pay. In the most common forms of price discrimination, the salesperson divides customers into groups based on certain attributes and charges each group a different price.

<h3>more insight on price discrimination</h3>

Price discrimination is practiced based on the seller's belief that customers of certain groups may be asked to pay more or less based on certain demographics or how they value the product or service in question.

Price discrimination is most useful when the gain from separating markets is greater than the gain from keeping markets together. The effectiveness of price discrimination and the length of time that different groups are willing to pay different prices for the same product depends on the relative elasticity of demand in the submarkets

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6 0
1 year ago
Potlatch Corporation has issued various types of bonds such as term bonds, income bonds, and debentures. Differentiate between t
lisov135 [29]

Answer:

Term bonds - Term bonds refer to bonds with the same maturity date and on that date their face value must be repaid.

Mortgage Bonds - this is a bond that is backed up by real estate as collateral thus giving the holder of these bonds a claim on said real estate.

Debenture bonds -  These types of bonds/ debt instruments are not secured by any collateral.

Income bonds - The coupon payments on such bonds are contingent on whether the company makes enough income to pay them in a given period.

Callable bond - These types of bonds are redeemable before the maturity date by the issuer.

Registered bonds - The bondholder's referent information is held by the issuer the main purpose of which is to ensure that payments are going to the right address.

Bearer or coupon bonds - These types of bonds can be transferred from one owner to another as the bond is not recorded in the holder's name.

Convertible bonds - These bonds are convertible into shares in the issuing company.

Commodity-backed bonds - Such bonds are valued based on the value of a certain asset that will be specified in the agreement.

Deep discount bonds - This kind of bond is sold at 80% or less than its face value.

6 0
3 years ago
Informational reports provide summaries and describe recurring activities as well as situational, nonrecurring events. They deli
boyakko [2]

Answer:

Part - 1.

Informational reports need details to get frequently visible. As long as we have a tendency to view the report it supports to achieve higher appreciative simply with none ambiguity.

Part - 2.

Headings are the actual fundamental cue; will this assessment report help to assist the reader. Headings aggravates interest and increases considerations, smart heading will increase usability. Thus, the reader will examine the page additional efficiently and in less period.

Part - 3.

It precises in condensed, easy-to-read design is taken into account as an efficient regarding the requirements segment of the commotion report.

Part - 4.

When establishing the report, the subsequent are the facts to be bear in mind.

  • Attention on 3 to 5 areas which will attention your reader.
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  • Use written account sequencing.

Part - 5.

The continuity in the project usually need development or provisional reports to explain their standing however not issues. Therefore, progress reports don't argue issues.

Part - 6.

In the facts finding report it might be a style of short informational report that have requested to put in writing. As, this report is entirely targeted on planned tax improvements and it have an effect on, this may be a fact finding report.

5 0
3 years ago
Sklar, CPA, purchased from Wiz Corp. two computers. Sklar discovered material defects in the computers 10 months after taking de
Nuetrik [128]

Answer:

<em>End up losing because it is legally binding the clause that would limit the statute of limitations to 18 months.</em>

Explanation:

Within UCC 2-725, in cases that involve the exchange of goods, a 4-year restriction law applies. The parties can reduce the duration to not less than 1 year (but not extend it).

When a delivery tender is made, an action for violation of warranty accrues (the statute begins to run).

However if the warranty specifically applies to future performance and violation disclosure must postpone that performance, the penalty will occur when the breach is discovered or should have been discovered.

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