Answer: Balloon Loan
A balloon loan is a type of loan where the final payment is usually much larger than the payment preceding it.
In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.
The interest falls due and is paid during the life of the loan.
The principal however, is paid as a balloon payment on the final day of the life of the loan.
The aspect of service quality would be the objective measure of goodness.
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What is service?</u></h3>
- In contrast to products, which we can physically touch or handle, services are the non-physical, intangible components of our economy.
- The majority of the economies of the wealthy countries are based on services like banking, education, healthcare, and transportation.
- They also represent the bulk of the economies of the developing countries.
- There is no transfer of ownership when a business offers a service and the client pays for it. We are unable to ship or store a service.
- They are only present as long as the customer is consuming them and the provider is supplying them.
For instance, getting a haircut is a service that cannot be stored or transported.
Know more about service with the help of the given link:
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Answer:
It will lead to an increase in consumption of good X only if X is a normal good ( D )
Explanation:
If consumer has rational, monotonic and convex preference the decrease in price of good X will lead to an increase in consumption of good X only if X is a Normal good .
This is because the demand for Normal goods increases with increase in consumers income. therefore <em>a decrease in price will automatically lead to an increase in demand because of the increase in the purchasing power of the consumer's income.</em>
Answer:
A credit to Cash of $299
Explanation:
Journal Entry Debit Credit
Merchandise inventory $62
Delivery charges $46
Office supplies $30
Miscellaneous expenses $51
Cash over and short
$100
Cash $299
Cash to be reimbursed = Minimum cash balance required - Cash balance left
Cash to be reimbursed = $500 - $201
Cash to be reimbursed = $299
Home equity loan is an example of long term debt among the choices provided in the question. The correct option among all the options that are given in the question is the last option or option "d". Long term debts are the type of debts that are not needed to be paid within a years time. I hope this helps.
