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kari74 [83]
3 years ago
6

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

Business
1 answer:
emmasim [6.3K]3 years ago
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.
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From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whateve
kakasveta [241]

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

Given that,

Savings desired = $1500

Monthly expenses = $600

Let money earned by her every hour be x

No. of scheduled work hours = 80

So,

Total money earned for the month = 80 × x

= 80x

As we know,

Money left = Total money earned - expenses

= 80x - $600 ...(i)

A.T.Q.

Money left must be = $1500

Then, by putting the variables in equation (i), we get

80x - 600 = 1500

Now, solving for  x

80x - 600 = 1500

        +600 = + 600

_______________

80x = 2100

x = 2100/80

∵ x = 26.25

Thus, the required sales are $ 26.25 per hour or ( 26.25 × 80 = $2100) for the month of September.

Learn more about 'savings' here:

brainly.com/question/18051939

4 0
3 years ago
The annual earnings of a typical investor are
fenix001 [56]

Answer:

The answer Is c

Explanation:

4 0
3 years ago
Several years ago a city established a sinking fund to retire an issue of general obligation bonds. This year the city made a 55
Amanda [17]

Answer: c. Debt Service Fund and General Fund

Explanation:

The Sinking fund is a Debt Service Fund as it was created to retire some general obligation bonds. Every transaction that had to do with the retirement of debt as well as contribution to the retirement of debt would go in this account.

The General fund is also needed because this is the main fund of a Government entity. Everything that does not go through special funds is recorded here. This Fund therefore would show that the city made a $550,000 contribution to the sinking fund.

4 0
3 years ago
Which statement is false? A. A monopoly sells lower-quality products at higher prices than in a perfect competition. B. Natural
NeX [460]

Answer:

The correct answer would be option E, Homogeneous products leave consumers with no choice, which means this statement is False.

Explanation:

Homogeneous products leave consumers with no choice is the False statement, because homogeneous products are the products which cannot be differentiated or distinguished from each other. They have almost exact physical characteristics and properties. People cannot differentiate the products of different suppliers.

So homogeneous products have a lot of substitutes, people have a vast choice range for such products. For example if you go for grocery, you can find different apples coming through different suppliers from different countries, and you are clearly not able to differentiate between them, yet you have a vast range of choice to select from the apples you like.

4 0
3 years ago
Suppose a consumer purchased a new television for $1000 2 years ago. Today, that person sold it in her garage sale for $200. How
guajiro [1.7K]

It will not affect the current GDP at all. GDP is a measure of all <u>newly produced</u> goods and services during a year, so 2 years ago the TV's full value would have been included in the GDP, but the sale of the TV as a used good later on would not be counted.

4 0
3 years ago
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