1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina-Kira [14]
4 years ago
9

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

 

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

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:

A.

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.  

B.

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.

C.

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.

D.

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

<u>brainly.com/question/1218973 </u>

2. Learn more about loan

<u>brainly.com/question/1242264 </u>

3. Learn more about repayment

<u>brainly.com/question/9276142 </u>

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
Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitiv
gladu [14]

Answer:

400

Explanation:

Qd = 45 - 2P

Qd    = -15 + P

45 - 2P = P - 15

60 = 3P

60/3 = P = 20

Q = 45 - 2*20 = 5

Q = -15+20 = 5

The quantity will be 5 and price 20

<u>Now we will caclulate the consumer surplus:</u>

Which the area of the demand curve above the equilibrium.

We calculate he area of a triangle:

base x high / 2

\frac{(45-5)\times20}{2}

consumer surplus = 400

7 0
3 years ago
What is the name of the Inca tot of stock market prices that averages 30 selected industrial stocks?
nydimaria [60]

Answer:

C

Explanation:

I'm smart boy that's y because y = u and u nedda pay attention in class blood

6 0
3 years ago
A $1000 par value bond with 5 years to maturity and a 6% coupon has a yield to maturity of 8%. Interest is paid semiannually. Ca
Katarina [22]

Answer:

$918.89

Explanation:

For computing the current price of the bond we need to apply the present value formula i.e to be shown in the attachment

Given that,  

Future value = $1,000

Rate of interest = 8%  ÷ 2 = 4%

NPER = 5 years × 2 = 10 years

PMT = $1,000 × 6% ÷ 2 = $30

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the current price of the bond is $918.89

7 0
3 years ago
Oil creek auto has sales of $3,740, net income of $274, net fixed assets of $2,800, and current assets of $920. the firm has $63
Montano1993 [528]

An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement

<h3>What is common-size statement?</h3>

An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.

The common-size statement refers to expressing each value as a percent of sales:

Sales                 3,340                   100.000%

income                 274                     8.234% (274 divided by 3340 times 100)

fixed assets          2,699               80.809%

current assets         836                25.030%

Inventory               417                0.12485  (417/3,340)

To learn more about common-size statement refer to:

brainly.com/question/14275288

#SPJ4

5 0
2 years ago
Financial data for a company is provided below: Cash, end of year, $500,000 Estimation of yearly cash expenses from negative cas
DanielleElmas [232]

Answer:

The company be able to continue without positive cash flows or additional financing for 39 Months

Explanation:

in given information assessed negative income from activity is (155,000), this is expected that there won't be any income from contributing or financing exercises.  

information given for records of sales and stock is superfluous since both are a piece of working income which is as of now evaluated.  

there for shutting balance toward the finish of year is $500,000 separated by negative income of (150,000) equivalents to months organization will ready to proceed without positive income or extra financing

8 0
3 years ago
Other questions:
  • Sandy is tired of her boss as well as corporate America in general. She decides she would like to start a business where no one
    7·1 answer
  • The ________ value (or obtained value) is what we compute to help us determine if we should accept the null hypothesis or not.
    6·1 answer
  • Read the scenario. Alfonso is 19 years old and has a high school diploma. Recently, he was promoted to assistant manager at the
    12·1 answer
  • A brand community refers to the:
    10·1 answer
  • Each of the following factors affects the weighted average cost of capital (WACC) equation. Which are factors that a firm cannot
    12·1 answer
  • Strategic use of white space improves document readability. Which of the following techniques employ white space?
    10·1 answer
  • When automobile manufacturers introduced SUVs, they distributed and promoted them in the United States, but not in Europe where
    12·1 answer
  • A new faculty member at the local university pays $1,500 per month to rent an apartment in the downtown area. She teaches on cam
    10·1 answer
  • When did banks of deposit first arise?
    8·1 answer
  • What are the consequences of a global basket of currencies in the world?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!