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Licemer1 [7]
3 years ago
13

A process by which banks designate an area within which they refuse to lend money for improvements is

Business
2 answers:
Alexus [3.1K]3 years ago
6 0

Answer:

Redlining

Explanation:

Redlining by banks refers to the bank marking out an area on the map in which they indicate areas or neighborhoods they don't want to make loans to. Areas marked signifies areas they don't want to invest in or make loans to individuals in those areas. The areas marked however are usually associated with people of some certain kind of socio economic characteristics, mostly pertaining to race in the United states. Other socioeconomic characteristics that is usually marked out is areas characterized by low income earners.

Vladimir [108]3 years ago
4 0

Answer:

Redlining

Explanation:

Redlining is a practice in which a bank refuses to lend money for improvement either in loans , mortgages , credit card , insurance and others due to income , race , ethnicity , geographical location .It is seen to be a discriminatory and an illegal act.

It can be direct through a direct decline of services as mentioned above or indirect through higher interest rates for borrowers from specific regions or certain racial groups.

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List three advantages of buying an existing business
Solnce55 [7]
Buying an established business means immediate cash flow. The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors. You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.

Buying a business is generally considered less risky than starting your own business, especially if you can buy a well-managed, profitable business for the right price. Consider these advantages:

The difficult start-up work has already been done. The business should have plans and procedures in place.
Buying an established business means immediate cash flow.
The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors.
You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
A market for your product or service is already established.
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8 0
3 years ago
3.
Alja [10]

Answer:

2,000,000

Explanation:

4 0
3 years ago
What is judiciary and executive?<br>​
Naya [18.7K]
Judiciary is the judicial authorities of a country; judges collectively.
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3 0
3 years ago
A type of partnership called a ___________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a
Gekata [30.6K]
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4 0
4 years ago
Emily Corporation sells two products: hurricane lamps and flashlights. Hurricane lamps account for 70 percent of the units sold,
zmey [24]

Answer:

weighted-average contribution margin= $4.7

Explanation:

Giving the following information:

Hurricane lamps account for 70 percent of the units sold, while the flashlights account for the remaining 30 percent of unit sales. The unit sales price of the lamps is $9.00, and the unit variable cost is $4.00. The unit sales price of the flashlights is $7.00, and the unit variable cost is $3.00.

<u>To calculate the weighted-average contribution margin, we need to calculate first the weighted-average selling price and weighted average variable cost for each product.</u>

weighted average selling price= (selling price* weighted sales participation)

weighted average selling price= (0.7*9 + 0.3*7)= $8.4

weighted average variable cost= (variable cost* weighted sales participation)

weighted average variable cost= (0.7*4 + 0.3*3)= 3.7

<u>Now, we can calculate the weighted average contribution margin:</u>

weighted-average contribution margin= 8.4 - 3.7= $4.7

6 0
4 years ago
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