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3 years ago

What is a line of credit and how does it work?

1 answer:

6 0

A line of credit is a type of loan that doesn't give you one giant injection of funds the way a traditional loan does. Like a credit card, you draw on the credit when you need to pay for something that is financially out of reach.

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A company sold garden hoses at a reduced price of $7.54 and took an end-of-season markdown of $11.45. What was the original s

Vitek1552 [10]

Answer:

The original selling price would be $ 18.99

Explanation:

Given formula is,

M = S - N

Where,

M = markdown,

S = original selling price,

N = reduced price

Here,

M = $ 11.45, N = $ 7.54,

By substituting the values,

11.45 = S - 7.54

⇒ S = 11.45 + 7.54 = 18.99

Hence, the original selling price of the house is $ 18.99

3 0

3 years ago

Yoplait, a manufacturer of dairy and plant-based products, sells coffee creamer, milk, and yogurts. It markets a number of yogur

Nesterboy [21]

Answer:

product line

Explanation:

The variety of yougurts is an example of product line as yogurts are one of the products sold by the firm along with milk and coffee.

7 0

2 years ago

All of the following will cause a decline in a company’s gross profit EXCEPT A : selling products with a lower markup. B : clear

NISA [10]

Answer: Option D

Explanation: In simple words, gross profit refers to the amount of revenue that the company is left with after deduction for the expenses that are incurred to make and sell that specific product.

The low pay to supplier means that the company will have a low cost to produce the product which will result in increase in gross profit.

Hence the correct option is D.

8 0

3 years ago

A Notary Signing Agent and a borrower have finished signing documents and all that is left to wrap-up the appointment is to chec

Andrews [41]

Considering the situation described above, the Notary Signing Agent (NSA) should check the documents for errors and call the borrower for the next appointment.

This a because, at this stage, what is left is to wrap up the appointment, and checking of errors can be quickly done.

A Notary Signing Agent is an individual whose role is to sign an agent. A courtesy signer is an agent whose function is to ensure a formal signature of an appearer is made to a document.

Generally, the role of an NSA includes the following:

Printing loan documents,
Meeting the signer and notarizing their signature,
Returning the documents for processing.

Hence, in this case, it is concluded that the correct answer is "check the documents for errors and call the borrower for the next appointment."

Learn more here: brainly.com/question/25497898

5 0

3 years ago

Dave’s home appraised for $289,000. His asking price was $290,000 and the property ultimately sold for $275,000. What will the n

Shalnov [3]

Since property taxes are paid on the value of the property, the new owners will pay A. One percent of $289,000.

Data and Calculations:

Appraised value of property = $289,000

Asking price = $290,000

Sales price = $275,000

Property tax = 1% of $289,000 (or $2,890)

Thus, the new owners of Dave's home will pay A. One percent of $289,000 in property taxes.

Learn more about property taxes here: brainly.com/question/13887483

8 0

2 years ago