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lubasha [3.4K]
3 years ago
9

David wynn gets an auto loan from his credit union for $10,000. david will make monthly payments over the next four years to rep

ay the loan. what type of financial service is david using?
Business
1 answer:
elena55 [62]3 years ago
4 0
The answer is borrowing service or loaning service. Borrowing servicing is the procedure by which an organization gathers intrigue, chief and escrow installments from a borrower. It is a level of each home loan installment made by a borrower to a home loan servicer as remuneration for keeping a record of installments, gathering and making escrow installments, passing essential and intrigue installments along to the note holder, and so forth.
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Use the following information for ECE incorporated: Shareholder Equity $100 million Assets $200 million Sales $300 million Net I
Zepler [3.9K]

Answer:

6.0

Explanation:

Market to book ratio is calculated as ; Market capitalization / Net book value.

Where,

Market capitalization = Price per share × Total shares outstanding

= $24 × 25,000,000 shares

= $600,000,000

Then,

Net book value = Total assets - Total liabilities

= $200,000,000 - $100,000,000

= $100,000,000

Therefore,

Market to book ratio = $600,000,000 / $100,000,000

= 6.0

8 0
3 years ago
A year​ ago, the Really Big Growth Fund was being quoted at an NAV of ​$22.28 and an offer price of ​$23.45. ​Today, it's being
Crank

Answer:

9.85%

Explanation:

Data provided in the question:

Initial Offer price = ​$23.45

Current NAV = ​$22.28

Dividends and capital gains distributions over the year  = $1.09 per​ share

Now,

Holding period return

= [Current NAV + Dividends and capital gains distributions - Initial Offer price ] ÷ Initial Offer price

= [ $24.67 + $1.09 - $23.45 ] ÷ $23.45

= $2.31 ÷ $23.45

= 0.0985

or

= 0.0985 × 100%

= 9.85%

4 0
2 years ago
Adam was unable to finish high school because he needed to go to work to help his family financially. what type of influence doe
juin [17]

Adam was unable to finish high school because he needed to go to work to help his family financially. This forms a Non-formative type of influence

This is further explained below.

<h3>What is a Non-formative type of influence?</h3>

Generally, The term "nonnormative effects" refers to those that do not affect each member of a set in the same manner. Nonnormative suggests it does not affect everyone in the same way in the culture, while normative suggests it does (or not at all).

In conclusion,  Adam dropped out of school before he could graduate from high school because he had to start earning money to support his family. This is an example of a non-formative impact.

Read more about the Non-formative type of influence

brainly.com/question/6912636

#SPJ1

4 0
2 years ago
List three things you can do to improve job satisfaction
andrew-mc [135]

1. Respectful treatment of all employees at all levels

2. Trust between employees and senior management

3. Job security

Hope that helps :)

7 0
3 years ago
Read 2 more answers
King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya
dangina [55]

Answer:

Dr Bonds payable 1,600,000

Dr Loss on redemption of bonds 36,800

    Cr Cash 1,632,000

    Cr Discount on bonds payable 4,800

Explanation:

Loss/gain on redemption  of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss

7 0
3 years ago
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