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3 years ago

11

With a(n) ________ installment loan, interest charges are calculated using the original balance, and these charges are then adde

d to the loan. Select one: A. partial amortization method B. add-on method C. simple interest method D. discount method E. none of the above

1 answer:

Nataly [62]3 years ago

5 0

Answer: c

Explanation:

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Julie is driving down Interstate 95 on her way from New England to Florida and sees a billboard saying "South of the Border Rest

guajiro [1.7K]

Answer:

lagged effect

Explanation:

The lagged effect in advertising refers to a situation where continuous exposure to an advertisement will increase consumer awareness of the advertised product and eventually lead to the purchase of the product.

In Julie's case, it is the first time she sees a billboard advertising the South of the Border Restaurant and Motel, so the lagged effect is not present yet. She would need to see a lot more billboards before starting to consider eating or staying at that place.

3 0

3 years ago

Bavarian Bar and Grill opened for business in November 2018. During its first two months of operation, the restaurant sold gift

zhannawk [14.2K]

Answer:

1)

Sale of gift cards

Debit Bank $6,800 Credit Gift Card Certificate liability $6,800

Redemption of cards

Debit Gift card liability $2,100 Debit Bank $500 Credit Revenue $2,500 Credit sales tax payable 100

2) Liability to be reported in balance sheet = ( 6800-2100) = $4,700

3) Non current liabilities

Gift Card certificate $680

Current Liability

Gift Cards Certificates $4,020

Sale tax payable $100

Explanation:

Sales tax payable (2500*4%) = $100

The bank of $500 in the Redemption of cards journal is a balancing figure.

Classification of the liability in types of liability

Current liability

Gift card certificates sold = 6800

current liability 90% =6120

deduct redeemed card = -2100

current liability = $4,020

Non_Current Liabilities

Gift Card not yet redeemed = 4700

less current gift card liability = -4020

non current liability =680

8 0

4 years ago

All financial institutions offer the same products and services to consumers.

Mama L [17]

The products and services are very similar but there may be differences in how they are marketed, the fees charged, and the level of customer service provided.

4 0

3 years ago

Framjam Sports Equipment produces basketballs at its factory in Kentucky and soccer balls at its factory in Illinois. At its cur

liubo4ka [24]

Answer:

0.15

Explanation:

The computation of the degree of economies of scope in this case is given below:

(cost of producing basketballs + cost of producing soccer balls - annual cost of production) ÷ annual cost of production

= ($70,000 + $45,000 - $100,000) ÷ $100,000

= 0.15

7 0

3 years ago

Fern and Grover wish to combine their professional accountancy practices into a single firm that combines the pass-through tax s

Alenkinab [10]

Answer:

The correct option is b. a limited liability partnership.

Explanation:

Limited liability partnerships (LLPs) are a type of partnership in which each partner's liability is limited to the amount invested in the company.

Limited liability means that creditors cannot seize a partner's personal assets or income if the partnership fails.

Spreading risk, leveraging individual abilities and knowledge, and establishing a division of labor are all advantages of having business partners.

Some of the professional businesses in which LLPs are common include accounting firms, legal firms, and among others.

Therefore, the correct option is b. a limited liability partnership.

7 0

3 years ago