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Evgen [1.6K]
3 years ago
13

Jeff just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that

all payments are paid on time, his last payment will pay off the loan in full. What type of loan does Bill have?
Business
1 answer:
Karolina [17]3 years ago
4 0

Answer:

Amortizing loan.

Explanation:

Amortizing loan is the type where the principal and interest are paid in equal amounts till the loan is fully paid.

Usually payments are represented in an amortizing schedule. The payments are made up of part of the principal and the other part the interest paid together.

Jeff's loan of $275 monthly payments for 5 years is a form of amortizing loan.

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Sunshine's Organic Market sells organic produce. Assume that labor is the only input that varies for the firm. The store manager
frosja888 [35]

Answer: Option (d) is correct.

Explanation:

Correct option: For the 10th worker, the marginal revenue product is $120 per day.

If she hires 9 workers then the store can sell 200 pounds of produce per day

If she hires 10 workers then the store can sell 230 pounds of produce per day

Extra units produce from hiring 10th worker = 230 - 200 = 30 pounds of produce per day

Store earns = $4 for each pound

Therefore, the marginal revenue product for the 10th worker = selling price of each pound × Extra units produce from hiring 10th worker

= $4 × 30

=$120

4 0
3 years ago
The fact that business people are expected not to harm customers, clients, and competitors knowingly through deception, mis-repr
tensa zangetsu [6.8K]

Answer: (D) Fairness and honesty

Explanation:

 The fairness and the honesty are the two main business ethics that helps in providing the various types of attributes such as integrity and the honesty with the customers regarding the products and the services.

These are the moral standard that helps in the decision making process by reducing the discrimination, mis-representation and also the coercion.

According to the given question, the business people are not providing any harm to the client, customers and also the competitors, this is the practicing of fairness and the honesty concept.

 Therefore, Option (D) is correct answer.

7 0
3 years ago
Mike and Lon came to a party together. A friend offered Mike a ride home. However, there was no room in the car for Lon. What ar
Vikentia [17]
Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.

3 0
3 years ago
If you have contacted a seller to report a problem with a product and you were ignored, what should you do next?
KatRina [158]
Call back and try to report the problem again.
8 0
2 years ago
Kate Payne was reading the business plan for New Venture Fitness Drinks, and noticed that prior to its financial statements, New
Y_Kistochka [10]

Answer: Financial Notes and Supplementary Schedules

Explanation:

The Financial Notes and Supplementary Schedules is also known as footnotes.

The notes discloses-

a. Assumptions used in the preparation of the financial statements.

b. Discloses accounting policies used in the preparation of the financial statements.

c. Financial instruments been used by the business.

d. Legal matters.

I hope this answers your questions.

Goodluck

8 0
3 years ago
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