All categories

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.

You might be interested in

An organization expresses its reason for being, what it aspires to be, and the values it wants to emphasize in its mission, visi

Tomtit [17]

Answer:

1. Describes the image the organization wants to project

Statement: Mission Statement

2. Inspires enthusiasm and encourages commitment

Statement: Vision Statement

3. Illuminates the organization’s attitude toward its employees

Statement: Mission Statement

4. Is intended to guide all of the actions in the organization

Statement: Values Statement

5. Is easily understood and well-articulated

Statement: Vision Statement

6. Outlines the organization’s customer base

Statement: Mission Statement

7. Expresses the company’s worldview

Statement: Values Statement

8. Is appropriate for the times and for the organization

Statement: Vision Statement

9. Limits itself to a small number that employees can recall when making decisions

Statement: Values Statement

10. Articulates the geographical locations where the company competes

Statement: Mission Statement

11. Unchanging; As applicable in 100 years as it is today

Statement: Values Statement

12. Reflects high ideals

Statement: Vision Statement

8 0

3 years ago

How does the federal trade commission regulate business as an administrative agency?.

shusha [124]

The FTC is empowered to enforce rules of trade regulation that define unfair or deceptive actions or practices in great detail and to report to and advise Congress on legislative matters related to the economy. This is further explained below.

<h3>What is the federal trade commission?</h3>

Generally, The Federal Trade Commission (FTC) is a non-departmental executive body of the United States government charged with protecting consumers and enforcing federal antitrust laws.

In conclusion, The FTC is empowered to enforce laws of trade regulation that define unfair or deceptive actions or practices in great detail, and it may also report to Congress on economic matters and provide policy suggestions.

Read more about the federal trade commission

brainly.com/question/891256

#SPJ1

4 0

2 years ago

Max is the marketing manager at the university bookstore. He is developing his marketing plans for the next school year. The boo

Mariulka [41]

<u>Solution and Explanation:</u>

the total sales of calendars is as follows:

7200 multiply with $5 each = $36000

In order to find out the profit, the toal of sales is to be subtarcted with costs. The given sales is $36000, costs is $19183

Thus, the total profit = $16817

95% of 10080 canot be taken in order to find out the correct number. 5% enrollment growth, is as follows:

10080 = 1.05 multiply "x"

thus, calculating x = 9600

The number of studnets are 9600 in the last semester out of which 7200 bought calendar. 7200 divide 9600 = 75.0 percent sales penetration.

8 0

3 years ago

Victory Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. The entry to record th

Marianna [84]

Answer:The entry to record the sale will include a Credit toPaid in Capital from treasury stock at $4,000.

Explanation:

Journal entry to record sale of shares

Accounts and explanation Debit Credit

Cash $18,000

Treasury stock $14,000

Paid in Capital from Treasury STOCK $4,000

Calculation

CASH = Number of shares x Price per share

= 400 x $45=$18,000

Treasury stock = Number of shares x Price per share

= 400 x $35=$14,000

Paid In Capital = Cash - Treasury stock= $18,000- $14,000= $4000

6 0

3 years ago

When buyers refuse to pay a product’s stated price or when improvements in other items or fashion changes reduce the appeal of t

blsea [12.9K]

Reduction in the price. If they do not reduce the price, then people will not buy the product, and they will be left with too many of the same products.

5 0

3 years ago