All categories

2 years ago

A finance company agrees to loan money to a buyer for a new washer and dryer. What is this an example of?

Business

2 answers:

Kruka [31]2 years ago

8 0

Answer: yo the answer is b

Explanation: it is b because a got it wrong on usa test prep and it said b

kirill115 [55]2 years ago

5 0

The correct answer is: B. The finance company is extending credit to a buyer.By agreeing to loan money to a buyer, the finance company is extending credit to a buyer. Once credit is extended to the buyer and if the buyer uses the credit to buy the washer and dryer, the money borrowed then becomes a debt. The finance company may be saving the buyer money, but that cannot be determined from the example. I got this right in U.S.A Test Prep hope this helps! :) <u>[plz reward brainlyiest <3]</u>

You might be interested in

When Frank buys his own house, he would like to have a home theater system and a jacuzzi. He plans to save enough money in the n

Basile [38]

Answer:

Explanation:

he wants all of those things

5 0

2 years ago

Gross domestic product (GDP) may be calculated as the sum of ______. Multiple choice question. exports and imports only consumer

Alex777 [14]

Answer:

consumer spending, investment spending, government purchases of goods and services, and net exports.

Explanation:

The Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Gross domestic product (GDP) may be calculated as the sum of consumer spending, investment spending, government purchases of goods and services, and net exports (exports minus imports).

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

7 0

2 years ago

On January 2, 2017, Kellogg Corporation acquired equipment for$800,000. The estimated life of the equipment is 5 years or 80,

lesya692 [45]

Answer:

Book value of the asset = $484,000

Explanation:

Given:

Equipment cost = $800,000

Residual value = $10,000

Computation:

Depreciation = (Equipment cost - Residual value) / Life

Depreciation = ($800,000 - $ 10,000) / 5

Depreciation = $ 158,000 per year

Depreciation for 2 year =$ 158,000 x 2

Depreciation for 2 year = $316,000

Book value of the asset = Equipment cost - Depreciation for 2 year

Book value of the asset = $800,000 - $316,000

Book value of the asset = $484,000

6 0

2 years ago

24. Armin is trying to decide whether to buy a season pass to his college basketball team’s 20 home games this season. The cost

aksik [14]

Answer:

13 Home games

Explanation:

A season pass cost for home games =$175

Individual ticket per game =$14

For season pass to be less than total home game tickets

i.e $175 must be than ($14 X Homegames )

i.e 175 = 14XHG

HG= 175/14=12.5 Approx. 13 games

Total cost of 13 games is ($13X14)=$182. {$175 is less that $182}

Ardim must attend 13 games.

8 0

2 years ago

A customer owns 100 shares of an NYSE listed preferred stock and notices that the typical daily trading volume in the issue is l

Bingel [31]

Answer:

The broker should respond that the Specialist (DMM) on the NYSE flooris obligated to buy the stock at the current market.

Explanation:

Now under the NYSE rules, to make a nonstop market in the assigned stock. A customer is will always be guaranteed that the trade will be executed - on the other hand, the price at which the trade is effected is constantly subject to various market conditions.

So the best response from the broker is that the Specialist (DMM) on the NYSE floors is required to buy the stock at the current market.

8 0

3 years ago