Answer:
A. Long-term capital gain of $185,000
Explanation:
A consolidation loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit. Thus the correct option is D.
<h3>What is a loan?</h3>
An amount given by any financial institution to any individual in advance on a certain rate of interest that they need to repay during the given time is called a loan.
A consolidation loan is meant to assist individuals with credit problems brought on by excessive credit use. A debt reduction approach known as a debt consolidation loan is taking out a new loan to settle a number of bills.
Therefore, option D is appropriate.
Learn more about the consolidation loan, here:
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The complete question is probably
A _____ loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit.
a. personal
b. single-payment
c. buy-down
d. consolidation
e. standard
Answer: Carrie's Balance Sheet (January 1, 2021)
Explanation:
The heading of the balance sheet should include as much as possible, the month and year of the balance sheet. It can also include the exact date.
This is done so that the Balance sheet can have a particular reference date such that stakeholders who use the balance sheet can know relate the financial performance of the company as of a certain day which would enable for better analysis.
To find Simon's maximum amount he can borrow against his home you will use the Home Loan Value Formula.
Home is worth: $400,000
Remaining balance: $175,000
Borrow: up to 75% on home
First, you'll want to take the market value of $400,000 and multiply it by 75% (.75) which gives you $300,000.
Then, you'll need to subtract what Simon owes on the home to find the amount he can borrow.
$300,000 - $175,000 = $125,000
Simon can borrow $125,000 against his home.
Answer:
Zara management should not move from the decentralized business structure to a centralized one.
The reason is that each branch has a different location and therefore has a different customer base in addition to different cultures that prevail in that geographical region.
It is only possible to take action on time if faced with a problem according to what will suite that branch and is customer friendly. If the head office in Madrid makes decisions, they might not be familiar with all the traditions and might make unfriendly decisions.
