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3 years ago

Complete the description of how George financed his car purchase.

1 answer:

4 0

<span>The correct answers are:- B. credit union- B. high-risk
Thus the sentence goes: George bought a new car at a car dealership that offered on-the-spot financing through a CREDIT UNION. George's credit score is poor, but he was still offered a HIGH-RISK loan.
These things are often associated with car dealerships to gain profit quick from customers who are quite impulsive. <span>
</span></span>

You might be interested in

Game theory assumes that: Group of answer choices firms anticipate rival firms' decisions when they make their own decisions. fi

muminat

Answer:

firms anticipate rival firms' decisions when they make their own decisions.

Explanation:

Game theory assumes that firms anticipate rival firms' decisions when they make their own decisions. It is very important and necessary for understanding firms operating in an oligopolistic market.

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

This ultimately implies that, under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.

3 0

3 years ago

If the toothpaste market is monopolistically competitive, product differentiation would not take the form of: production of many

stira [4]

Answer:

setting the price of the product well below the price charged by the rival

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero

in the long run, only normal profit is earned

If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this

5 0

3 years ago

At the beginning of the current period, Metlock, Inc. had balances in Accounts Receivable of $211,200 and in Allowance for Doubt

UNO [17]

Explanation:

The Journal entry is shown below:-

a. Accounts Receivable Dr, $804,300

Sales $804,300

(To record credit sales)

Cash Dr, $839,040

Accounts Receivable $839,040

(To record the collection during the period)

b. Allowance for Doubtful Accounts Dr, $7,902

Accounts Receivable $7,902

(To record the uncollectible accounts are written off)

c. Accounts Receivable Dr, $3,002

Allowance for Doubtful Accounts $3,002

(To record written off amount)

Cash Dr, $3,002

Accounts Receivable $3,002

(To record collection amount)

d. Bad Debts Expense Dr, $18,170

Allowance for Doubtful Accounts $18,170

(To record bad debt expenses recorded)

Working Note

Allowance for Doubtful Accounts

Beginning balance $9,490

Written off $7,902

Recovery $3,002

Ending balance 22,760

Bad debts = $7,902 - $9,490 - $3,002 + $22,760

= $18,170

7 0

3 years ago

If you deposit $4,800 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will

KonstantinChe [14]

Given that $4800 is invested at the rate of 10.8% in 20 years, the future value of the money will be:
A=P(1+r/100)^n
where:
A=future amount
P=principle=$4800
r=rate=10.8%
n=time=20 years;
Thus
A=4800(1+10.8/100)^20
A=$4800(1.108)^20
A=$37,328.15
Thus the amount after 20 years will be $37,328.15

5 0

3 years ago

In the United States today what gives money its value

VMariaS [17]

Answer:

It can give money value today but it reallys depends because if you are trying to say money give us value to help us pay for medicare then yes. In order for us to afford medicare. You need the Goverments support especally if you an need for support or you have someone is need.

Explanation:

4 0

3 years ago