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VLD [36.1K]
3 years ago
13

Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which th

e loan will be paid back. Diego says that Sienna’s loan is an example of closed-end credit while Sienna says it is an example of open-end credit. Which statement about the loan is true?
-Diego is correct because the loan has to be paid in full by a specific date.
-Sienna is correct because she had to pledge collateral to get the loan.
-Sienna is correct because the amount can be borrowed again after she repays the loan
-Diego is correct because the loan is a line of credit.
Business
1 answer:
kvasek [131]3 years ago
6 0

Answer:

-Diego is correct because the loan has to be paid in full by a specific date.

Explanation:

Closed-end-credit is a type of credit where a fixed amount is borrowed and must be repaid in full by the end of a specified period. The amounts to be paid back are the principal and the interests. Sienna took a closed-end-credit because her loan was issued at a go, and she had to repay after 48 months.

Open-end credit is like a revolving fund.  The borrower is allowed credit up to a specific limit. Once they make repayments, they can re-access the facility.

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8 0
2 years ago
Noah is in the process of getting organized. Which of the following actions should he take during this time? Check all that appl
Alekssandra [29.7K]

Answer:

B. Noah should put all of his important projects into a calendar that he looks at every day.

D. Noah should write down a list of all of the actions he needs to take so that he will have a reminder of what he needs to do when he needs to do it.

Explanation:

Getting organized means that one is putting things into a coherent order to enable them to be able to achieve the things they want to achieve more efficiently. An organized person is able to note the plans that they have, how they want to achieve such plans and the resources they will need to do so as well.

As Noah is getting organized, he should come up with a list of actions he will need to take to achieve his goals and write them down so that he is constantly reminded of them and it does not slip his mind.

A way to remember such actions is to put them into a calendar that he will look at every day. This will remind him that he has things to do and put the pressure on him to do so.

4 0
4 years ago
Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough pr
kondaur [170]
<h2>Quality controller or Quality Checker is the job title of Sarai.</h2>

Explanation:

The role of QC is

  • To check whether the product is delivered with the expected quality
  • To check for expectations and complaints from the customer
  • Look for new policy changes and compare that with the day today production.
  • Reads blue prints and specification of the product
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6 0
4 years ago
Read 2 more answers
​Isabellas, Inc., a local convenience​ store, sells soft drinks. It sells two large drinks for every small drink. A large drink
rjkz [21]

Answer:

Weighted average contribution margin= $1.85

Explanation:

Giving the following information:

It sells two large drinks for every small drink. A large drink sells for $3.00 with a variable cost of $ 0.60. A small drink sells for $ 1.25 with a variable cost of $ 0.50.

To calculate the weighted average contribution margin, we need to use the following formula:

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Sales proportion:

Large drink= 0.67

Small drink= 0.33

Weighted average contribution margin= (0.67*3 + 0.33*1.25) - (0.67*0.6 + 0.33*0.5)

Weighted average contribution margin= 2.4225 - 0.567

Weighted average contribution margin= $1.85

4 0
3 years ago
Steady​ Company's stock has a beta of 0.18. If the​ risk-free rate is 6.1 % and the market risk premium is 6.9 %​, what is an es
ahrayia [7]

Answer:

Steady​ Company's cost of​ equity is estimated to be 7.342%

Explanation:

The cost of equity is the return that is required by the holders of common stock in the company.

<em>Cost of Equity = Return on Risk free Securities + Beta × Risk Premium</em>

                       =  6.1 % + 0.18 × 6.9 %

                       = 7.342%

Therefore, Steady​ Company's cost of​ equity is estimated to be 7.342%.

6 0
3 years ago
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