Answer:
correct option is B. $1,300
Explanation:
given data
loan = $65,000
pay = 2 points
solution
As we know normally point worth = 1%
and they pay 2 point so that
2 point = 2 % = 0.02
so pay at closing for the points will be
pay closing for the points = 0.02 × loan amount .....................1
pay closing for the points = 0.02 × $65000
pay closing for the points = $1300
so correct option is B. $1,300
Answer:
The primary advantage they refer to is additional sales revenue.
Explanation:
Extending credit to customers is generally done through use of credit cards these days. This does allow the customers to buy goods and services on credit and pay later for those goods.
Offering credit is beneficial for both the shopkeepers or merchants and the buyers. Customers do not have to pay cash (as they can run out of cash at times), so they buy more and this increases the sales revenue for the merchants, which becomes the primary advantage for them and outweighs the costs.
Answer:
The answer is: $350,000
Explanation:
When Alin Co. establishes the total cost of the building it just purchased, it must include all of the following:
- building's purchase value $300,000
- associated closing costs $30,000
- building improvements and renovations $20,000
So the total cost of the building is $300,000 + $30,000 + $20,000 = $350,000
Answer:
False
Explanation:
As a company's sales level increases, its current assets will increase, e.g. cash, inventories, accounts receivables increase. generally, also the fixed assets increase, specially if the firm was previous producing at full capacity even before total sales increased. But as sales increase, not only do the company's assets increase, its current liabilities generally increase also, and its profits should increase. In this case, 60% of the company's profits are reinvested in the company, and the liabilities represent more than half of the total assets. Therefore, it is possible that the company needs external financing, but it is also possible that it doesn't. You cannot assume that the company will necessarily need external financing, because retained earnings and the increase in current liabilities might be enough to finance the company's growth in sales.
Answer:
Using a Debit card
Explanation:
Online transaction and payments are transactions that are conducted virtually and electronically through the internet and computer network. One major attribute of this medium of payment is that physical method of payment are minimally used. An example of a medium of online payment is the use of a debit card
A debit card is a payment card issued by financial organization and linked to a customers checking account , which can be used to pay for purchases made through an online platform. It is a faster and saver means of payment.
