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Arlecino [84]
3 years ago
6

Describe at least one way in which a line of credit is different from a loan.

Business
1 answer:
denis-greek [22]3 years ago
8 0

A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan by writing a check.  You are can also borrow any part of your credit line again once you have repaid it. There are no payments until you use your line.

With a personal loan, you get the whole loan when you're approved and you start paying interest right after on the full amount. You have a schedule of payments that will get smaller until the loan is paid off.

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What are the objectives of a social enterprise?
Alexxx [7]
A social enterprise is a business that aims to achieve a particular public or community mission (social, environmental, cultural or economic), and reinvests the majority of its profits into achieving that mission.
8 0
3 years ago
Read 2 more answers
Move to Green Computing. Your organization is a leader in the development of renewable energy sources based on enhanced geotherm
loris [4]

Answer:

B and C

b. Green computing will result in the safe disposal or recycling of computers and computer-related equipment.

c. Demand for the firm's goods and services will increase as existing and potential customers recognize its leadership in the use of environmentally friendly equipment.

Explanation:

Green computing is the environmentally friendly way of using resources, it involves manufacturing, using, and disposing of computer technology in such a way that the environment is not affected. For example getting involved to electronic recycling, limiting printing, and recycling paper.

Direct results from implementation of green computing will result in the safe disposal or recycling of computers and computer-related equipment.

Demand for the companie's goods will also increase due to its use of green computing because environmentally friendly practices are more sustainable.

5 0
2 years ago
Which of the following product costing methods produces the most precise product costing information? Select one: A. Organizatio
Doss [256]

Answer:

The correct answer is letter "B": Activity-based costing.

Explanation:

Activity-Based Costing or ABC is a type of managerial accounting that assigns certain indirect costs to the item that generates the bulk of those costs. In the industrial sector, ABC is mainly used to help measure the true cost of output per unit. Compared to other costing methods, ABC provided more clear information because it considers information about the <em>company's activities, the quantity of those activities and their costs</em> in the production process.

8 0
3 years ago
If during 2011. the country of Sildavia recorded a GDP of $65 billion. interest paymentsof $15 billiorn imports of $13 billion.
Helen [10]

Answer:

B. $36 billion

Explanation:

Since we were asked to calculate Wages. We can't use the Expenditure method of GDP. Method to be used would be the Income approach. In doing so, the values of export and import would be excluded. Therefore,

Given that

GDP = 65 billion

Profits = 7 billion

Rent = 7 billion

Interest payments = 15 billion

Recall that,

GDP = sum of income earned (profits, wages, rents, interests)

Thus,

Wages = GDP - Profits + rents + interests

= 65 - (15 + 7 + 7)

= 65 - 29

= 36 billion

Hence, wages during 2011 was $36 BILLION.

Note: Parameters used are based on the information in the question. It is important to note that income earned when using income approach could be more than the 4 stated parameters of wages, rent, profits and interests.

6 0
3 years ago
The Meat Market has 16,000 shares of stock outstanding at a price per share of $7. What will be the price per share if the firm
Alekssandra [29.7K]

Answer:

The price will be $16.33.

Explanation:

In finance, a reverse stock split is a method where shares are merged to form a smaller number of proportionally more valuable shares. A reverse stock split is also called a stock merge.

If the reverse stock is 3-for-7, that means for every 7 shares an investor have, he will receive 3 shares with a proportional value.

So 3 shares will have the same value than 7 shares of $7 (this is $49). Finally, each share willhave a price of 49/3 = $16.33

4 0
3 years ago
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