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3 years ago

Which type of debt is the least attractive for a consumer

1 answer:

6 0

Usually, unsecured debt is least attractive for consumers because it carries a higher interest rate than the others. In secured debt, including a mortgage, the lender has collateral that can help offset the cost of a loan if the consumer defaults; therefore it is less risky for the bank and they charge a lower rate. In an unsecured debt, like credit cards, the bank has no collateral to collect and the debt is more risky for them.

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Emma, Inc. reacquired 166,326 of its shares at $22 per share as treasury stock. Last year, for the first time, Emma sold 37,992

Lesechka [4]

Answer:

The correct answer is $152,949.

Explanation:

According to the scenario, the given data are as follows:

Reacquired shares = 166,326

Per share price = $22

So, we can calculate the retained earning decline by using following formula:

Retained earning decline = Cost of Treasury shares - Sales price - Paid in Capital from stock

Where, Cost of treasury shares = 48,987 × $22 = $1,077,714

Now Sales Price = 48,987 × $15 = $734,805

and Paid in Capital from stock = 37,992 × ( $27 - $22) = $189,960

By putting the value in the formula, we get:

Retained earning decline = $1,077,714 - $734,805 - $189,960

= $152,949

6 0

2 years ago

A government worker surveys a number of households and comes up with the following information: there were a total of 90 people

viktelen [127]

Answer:

27%

Explanation:

Number of Persons in the Household = 90

Neither Employed Nor Unemployed

Children Under 16 =10
Disabled = 5
Retired =10
Stay at Home Parents = 5
Full Time Students over the age of 16= 5

Total =35

Unemployed

10 people had no job but were looking for jobs
5 people who wanted a job but were not looking for a job.
Total =15

Employed

35 people had full-time jobs
5 had part-time jobs

Total =35+5=40

Total Labour Force = Unemployed +Employed = 40+15 =55

Unemployment Rate = (Unemployed People / Total Labor) x 100

=15/55 X 100

=27%

According to the information in the survey, the unemployment rate is: 27%

6 0

3 years ago

What is an example of flame

yuradex [85]

Answer:

The definition of a flame is burning gas, fire or blaze, or a strong passion. An example of a flame is a fire from a lighter. An example of a flame is an intense desire for a particular person.

Explanation:

3 0

3 years ago

Read 2 more answers

Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,4

diamong [38]

Answer:

$5300

Explanation:

Contribution margin for Division B = Sales * Contribution margin ratio

= $243,000 * 20%

= $46,800

Total contribution margin = Division A + Division B

= $46,400 + $46,800

= $93,200

Contribution margin $93,200

Less : Traceable fixed expenses $51,100

Less : Common fixed expenses (plug) $5300

Net operating income $33,800

5 0

3 years ago

1. A small-scale businessman deposits money at the beginning of each year into his savings account, depending on the level of th

quester [9]

Answer:

The value of the investment at the time of his first deposit is $1,000.

At the end of the first year, the investment will be worth $1,070.

Explanation:

The value of a deposit investment is determined by the interest rate and time. Time affects the value of an investment by this small-scale businessman in many ways. The passage of time increases the value of his investment. However, the total increase may not be due to the interest rate, but inflation also affects asset's value. For this businessman to make a gain in the investment, the interest rate must be higher than the inflation rate. Otherwise, the investment loses money due to the effects of inflation, which reduces the real value of an asset over time.

7 0

3 years ago