All categories

2 years ago

a _____ loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit.

1 answer:

8 0

A consolidation loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit. Thus the correct option is D.

An amount given by any financial institution to any individual in advance on a certain rate of interest that they need to repay during the given time is called a loan.

A consolidation loan is meant to assist individuals with credit problems brought on by excessive credit use. A debt reduction approach known as a debt consolidation loan is taking out a new loan to settle a number of bills.

Therefore, option D is appropriate.

Learn more about the consolidation loan, here:

brainly.com/question/29305748

#SPJ1

The complete question is probably

A _____ loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit.

a. personal

b. single-payment

c. buy-down

d. consolidation

e. standard

You might be interested in

NEED HELP!!!!!PLEASE!!!!

Blababa [14]

Answer:

the answer is insurance, jobs, rentals on edgy

7 0

3 years ago

Read 2 more answers

Differentiate between cash-basis accounting and accrual-basis accounting. Why is accrual-basis accounting the preferred method f

Umnica [9.8K]

Answer:

Reason : To ensure constant flow of cash

Explanation:

<u>Accrual Basis of accounting</u> records transactions when they meet definition and recognition criteria of Assets, Liabilities,Equity, Expense and Incomes.

This is different from<u> cash-basis accounting</u> which records transactions at the receipt or payment of cash.

Because of <em>timing</em> difference, the cash transactions (cash basis) can happen a late than the day of recognition of the elements (accrual basis).

Hence Revenue services demand that income tax be calculated on accrual basis to ensure a constant flow of cash whenever an entity transact.

8 0

3 years ago

Each of two stocks, A and B, are expected to pay a dividend of $5 in the upcoming year. The expected growth rate of dividends is

Rama09 [41]

Answer:

The intrinsic value of Stock A is 500

Explanation:

According to the DDM method the formula for calculating the intrinsic value of a stock is

Upcoming Dividend/Required rate of return - Growth rate of stock.

Upcoming Dividend of Stock A= 5

Required rate of return on Stock A= 11% or 0.11

Growth rate on stock A= 10% or 0.10

Intrinsic value of stock A=

5/(0.11-0.10)=5/0.01=500

The intrinsic value of Stock A is 500

4 0

4 years ago

On September 30, 2021, Bricker Enterprises purchased a machine for $203,000. The estimated service life is 10 years with a $19,0

sergeinik [125]

Answer:

Bricker Enterprises

Depreciation for 2021, using the double-declining-balance method, would be:

= $9,200.

Explanation:

a) Data and Calculations:

September 30, 2021:

Cost of purchased machine = $203,000

Estimated residual value = 19,000

Depreciable amount = $184,000

Estimated service life = 10 years

Depreciation rate using the double-declining-balance method = 20% (100/10 * 2)

Depreciation expense for the first year based on the double-declining-balance method:

= $36,800 ($184,000 * 20%)

Prorated depreciation expense for 2021 = $9,200 (($184,000 * 20%) * 3/12))

3 0

3 years ago

Hard Nails and Bright Nails are competing nail salons. Both companies have the same number of customers. Both charge the same pr

NemiM [27]

Answer:

Option A is correct.

will earn a higher profit than Bright Nails

Explanation:

If sales of both saloons increases by an equal amount then Hard Nails<u> will earn a higher profit than Bright Nails. </u>

The strategy of Hard Nails is that it is paying it's manicurists on a salary basis i.e it is a fixed cost. If sales increases Hard Nails will not give any extra amount to it's manicurists.
On the other hand the strategy of Bright Nails is that it is paying it's manicurists on the basis of no. of customers they serve. So, if sales increases then it have to pay more amount to it's manicurists.

3 0

3 years ago