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dusya [7]
3 years ago
5

Why is the interest rate of a loan one of the most important things to consider when shopping around for loans?

Business
2 answers:
KengaRu [80]3 years ago
8 0
<span>a.
The interest rate should be ignored, because there’s nothing a consumer can do to change it. b.The interest rate is essentially how long you have to pay off your loan, and the shorter the better.c.The interest rate can drastically change the total amount paid to the lender, in the case of mortgages, up to thousands of dollars. d.The interest rate does not change, even between banks, so choosing the right time to borrow is essential. 
</span>
Orlov [11]3 years ago
7 0
<span>The interest rate can drastically change the total amount paid to the lender</span>
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Expectations of inflation are always greater than actual inflation along the long-run Phillips Curve.
lawyer [7]

Answer:

True.

Explanation:

The statement is “True” because the Philip curve is the curve that exhibits the relationship between the inflation or price level and unemployment. If inflation rises, then unemployment falls. If inflation falls, then unemployment rises. This happens because there is a negative relationship between inflation and unemployment. However in the long run the Philip curve is a verticle line parallel to the inflation axis and that shows there is no trade-off. Thus the option A is correct.

8 0
3 years ago
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu
zepelin [54]

Answer:

3.76 times

Explanation:

The computation of the asset turnover is shown below:

Asset turnover = Net sales ÷ Average total assets

= $1,356,504 ÷ $360,600

= 3.76 times

By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times

This is the answer but the same is not provided in the given options

8 0
3 years ago
Steve Pratt, who is single, purchased a home in Spokane, Washington, for $347,500. He moved into the home on February 1 of year
Lana71 [14]

Answer: $107,500

Explanation:

There is an "Exclusion of gain on sale of home" provision by the IRS that allows for a single tax payer to exclude up to $250,000 from the sale of their primary home. A home qualifies as primary if the owner has lived in it for 2 years or more so Steve's home here is a primary home.

The gain he received was:

= 705,000 - 347,500

= $357,500

From this gain, $250,000 can be excluded so total gain recognized:

= 357,500 - 250,000

= $107,500

6 0
3 years ago
When a new product is being introduced and reaching as many persons in the target market as quickly and as cost effectively as p
gtnhenbr [62]

Answer: Advertising

Explanation:

For a new company to quickly reach as many customers as quickly as possible, the company has to be involved in selling itself to the public and also intensive advertising.

Advertising is a form public awareness created for a particular product: which is new or already existing in a market. Advertising could involve the use of; Mass media, social media, fliers and banners.

6 0
3 years ago
A review of the personal selling process indicates that selling is:
MArishka [77]

Answer:

d. a matter of establishing relationships.

Explanation:

Selling involves creating a relationship with the prospect.

The sales relationship has the short-term value you get from the customer.

There is also the long-term life-time value of the customer to be considered.

Sales based on referrals are the easiest to obtain and give best value.

Good relationships give rise to refrrals.

7 0
3 years ago
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