All categories

3 years ago

Which is the most likely scenario in which someone would take out a short-term loan with a bank?

1 answer:

7 0

The most likely scenario in which someone would take out a short-term loan with a bank is to pay for credit card debt. The short-term loan has less than one year period to be repaid and this loan is usually taken by someone if there is a temporary problem with their cash flow. This loan can also be taken by a company to fulfill their working capital for increasing its sales.

You might be interested in

. Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month t

mel-nik [20]

Answer:

b.$1,150

Explanation:

Sales Collection $5,000*.98 $4,900

Payment of purchases $5,000*50% ($2,500)

Other payments $5,000*25% ($1,250)

Net Cash flow during a typical month $1,150

3 0

3 years ago

The cartesian coordinate system is also referred to as a(n) _____________ coordinate system.

Rus_ich [418]

The Cartesian coordinate system is also referred to as a rectangular coordinate system coordinate system. It i a system used in geometry which uses coordinates in order to determine the position of a geometric element (point for example). According to this system each point is specified by a pair of numerical coordinates.

6 0

2 years ago

define a stock market bubble, describe what happens after a bubble, and explain how the law of supply and demand creates both bu

Stells [14]

Answer

A bubble is a phenomena in investing that occurs when investors increase their demand in assets so much that they cause the price to move to a value beyond accurate reflection of its actual worthiness. When a bubble happens, the prices of stock will fall rapidly.When there is increase in the share price of stock rapidly caused by individual-perpetuating, the share value can rise beyond asset value making investor to withdraw their money faster because supply will exceed demand and cause share price to fall.

An increase demand on assets by investors will make the price to increase beyond rational economic value. The real worth of the stock will now be determined by firm’s performance. Investing in bubble can appear to last forever, but because they are formed by self-perpetuated reasons, they eventually fall and the money that was invested into them is lost. In such cases, investors would run to withdraw their money and avoid the loss of fall in share prices.

8 0

3 years ago

When town commons were broken up into lots each farmer had to bear all the costs and all the benefits of his choices about how m

sukhopar [10]

When town commons were broken up into private lots each farmer had to bear all the costs and all the benefits of his choices about how many animals to graze

<h3>What is private lots?</h3>

When non-governmental legal entities own property, it is referred to as private property. Private property can be distinguished from collective or cooperative property, which is owned by a collection of non-governmental enterprises, and from public property, which is owned by a state agency.
Capitalism, an economic system based on the private ownership of the means of production, is built on the principle of private property. Different political ideologies draw different distinctions between private and personal property, with socialist perspectives drawing a clear line between the two. Private property is a legal concept that is established and upheld by a nation's political system.

To learn more about Private property with the given link

brainly.com/question/27881320

#SPJ4

4 0

1 year ago

Evanson Company expects to produce 540,000 units of their product during the year. Monthly production is expected to range from

Roman55 [17]

Answer:

Evanson Company

Flexible Monthly Budget

Activity Level:

Finished goods (Units) 40,000 60,000 80,000

Variable costs:

Direct materials $560,000 $840,000 $1,120,000

Direct labor 600,000 900,000 1,200,000

Manufacturing overhead 640,000 960,000 1,280,000

Total variable costs $1,800,000 $2,700,000 $3,600,000

Fixed manufacturing

overhead 135,000 135,000 135,000

Total production costs $1,935,000 $2,835,000 $3,735,000

Explanation:

a) Data and Calculations:

Expected production units per year = 540,000

Average monthly production units = 45,000 (540,000/12)

Manufacturing costs per unit:

Direct materials $ 14

Direct labor 15

Variable manufacturing overhead 16

Fixed manufacturing overhead 3

Total yearly fixed overhead = $1,620,000 (540,000 * $3)

Monthly fixed overhead = $135,000 ($1,620,000/12)

b) A flexible budget has varying activity levels from one period to the next. One interesting feature of the flexible budget is that the variable costs are fixed per unit, but their totals vary with the volume levels. On the other hand, the fixed costs remain static in totals but vary per unit.

7 0

2 years ago