All categories

4 years ago

APR on a loan may be adjusted based on a borrower’s

Business

2 answers:

horsena [70]4 years ago

8 0

APR on a loan may be adjusted based on a borrower’s

credit history

Nimfa-mama [501]4 years ago

5 0

Option B is correct. APR on loan may be adjusted base on a borrower’s credit history.

Further Explanation:

The percentage rate is the full form of APR. It is the interest rate charged by the loan or credit provided to borrowers. It depends on the credit history of the borrowers. After reviewing the credit history of the borrower, the current APR is determined by the new provider. APR is computed by the summation of the interest and principal of the previous loan by dividing the months taken to pay back the amount of loan.

Justification for the correct and incorrect answer:

Offered collateral: This option is incorrect.

Collateral is the security that has been deposited before taking the loan or credit from the loan provided. If in the future, the borrower may not able to pay the amount of credit, the provider may sell the security to get back his money back. Collateral is depended on the amount of loan or credit that has been taken. This statement is incorrect that APR may be adjusted on offered The annual.

Credit history: This option is correct.

After reviewing the credit history of the borrowers, the current APR determined by the new provider. This is the correct statement.

Loan fees: This option is incorrect.

Loan fees are the number of fees that have been paid by the borrowers before taking the loan. Loan fees contain the expenses on paperwork and extra fees that may be charged.

Scheduled repayments: This option is incorrect.

Scheduled repayments are not the basis of determining the APR. This statement is not correct.

Learn more:

1. Learn more about credit card

brainly.com/question/1218973

2. Learn more about loan

brainly.com/question/1242264

3. Learn more about repayment

brainly.com/question/9276142

Answer details:

Grade: Middle School

Subject: Accounting

Chapter: Money and Banking

Keywords:APR, loan, adjusted, borrower’s, offered collateral, credit history, loan fees, scheduled repayments, money and banking, interest, principal, security.

You might be interested in

Scope creep refers to: a. a task at the lowest level of the WBS. b. the approved project scope statement and its associated WBS.

gogolik [260]

Answer:

The Answer is d. the tendency for project scope to keep getting bigger and bigger.

Explanation:

A scope refers to all the work involved in creating the products of the project and the processes used to create them.

A scope creep refers to changes, continuous or uncontrolled growth in a project's scope, at any point after the project begins. This can occur when the scope of a project is not properly defined, documented, or controlled.

Hence the answer is d. the tendency for project scope to keep getting bigger and bigger.

6 0

3 years ago

Which of the following is true about a "credit"? I. It is part of the double-entry procedure that keeps the accounting equation

kipiarov [429]

Answer:

III. I, II, III, and IV.

I. It is part of the double-entry procedure that keeps the accounting equation in balance.
II. It represents a decrease to assets.
III. It represents an increase to liabilities.
IV. It is on the right side of a T-account.

Explanation:

The debit-credit balance is necessary for maintaining the accounting equation in balance, i.e. all the debits must have a corresponding credit.

Asset accounts increase when they are debited and decrease when they are credited.

Liabilities accounts decrease when they are debited and increase when they are credited.

Debits are on the left side of a t-account and credits are on the right side.

3 0

4 years ago

When stimulated by _____, arterioles supplying the digestive system ______, which decreases blood flow to digestive organs.

denis-greek [22]

When stimulated by sympathetic nervous, arterioles supplying the digestive system constrict, which decreases blood flow to digestive organs.

The respiration machine works immediately with the circulatory machine to offer oxygen to the body. Oxygen taken in from the respiration machine movements into blood vessels that then circulate oxygen-wealthy blood to tissues and cells. These consist of arteries consisting of the femoral and coronary arteries. The partitions of those arteries have masses of easy muscle, this means that that they may be capable of settlement or relax (dilate) to extrude the quantity of blood delivered, as needed.

Learn more about supplying here:

brainly.com/question/25646504

#SPJ4

6 0

1 year ago

1. is stay-alive inc. an effective team? why or why not? 2. how were the various team behaviors performed in this agency? what r

andre [41]

Is Stay-Alive Inc. an effective team because properly attend meetings. Distinct teams perform different functions at Stay-Alive Inc., which has a hierarchical organization. Proper teamwork, the organization has grown more effective. Encourage staff to work and ensure that new technology is employed in the workplace. In team building, major disagreements and misunderstandings arise.

What is team?

A team is an individual or group of people, all working together to achieve a common goal. Teamwork is the most important thing in the organization.

Is Stay-Alive Inc. staff at least attend 5 meetings in a week. Is Stay-Alive Inc. as hierarchical structure of team work. The organization benefits from proper team building. Employees need to be well trained and motivated in their jobs. In a team-building session, conflict and communication hurdles are generated.

As a result, Is Stay-Alive Inc. an effective team and improving performance.

Learn more about on team-building, here:

brainly.com/question/17059661

#SPJ1

7 0

2 years ago

Process capability evaluation allows us to: Select one: a. check customer requirements against what a process is able to achieve

Levart [38]

Answer:

Process capability evaluation allows us to:

a. check customer requirements against what a process is able to achieve.

Explanation:

Process capability evaluation involves the set of tools used to analyze the performance of a given process against desired specifications. This means that it measures how well a process performs against targets. There are different measures of process capability. For example, Sigma Six is used as a process capability evaluation. Process capability index is also used to evaluate a process' capability, where the upper and lower limits are measured.

4 0

3 years ago