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diamong [38]
3 years ago
11

What is noninstallment credit?

Business
2 answers:
Jlenok [28]3 years ago
7 0

Noninstallment credit is paid in a lump sum and not in installments. It most often very short term!

myrzilka [38]3 years ago
6 0

non-installment credit is also known as revolving credit. There's no set payment plan because you're borrowing a set limit

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Answer:

The correct answer is $23,663

Explanation:

Spreadsheet is attached with the calculus.  

Depreciation expense is the difference between the cost of the asset and the residual value, divided by the useful life of the asset.

Depreciation expense=(original cost-residual cost) /useful life

In this case,  conditions change at third year.  First, we must calculate the depreciation expense with the first situation. The first 2 years , we are going to decrease the asset value  with this depreciation expense.

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At third year ,  we must recalculate the depreciation expense.  The final value of second years is the  new "original value".

Situation 2

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Download xlsx
4 0
3 years ago
Which of the following systems would work best for a very standardized product that has a fairly high and predictable demand? a.
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Answer:

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The second one

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Answer:

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