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
zvonat [6]
3 years ago
7

Which type of credit requires that borrowers carefully manage the debt so it doesn't get out of control

Business
2 answers:
Misha Larkins [42]3 years ago
7 0

Answer:

Revolving credit

Irina18 [472]3 years ago
3 0

The correct answer is revolving credit I hope this helps :)

You might be interested in
Understanding the legal ramifications what types of policies should organizations implement when using social media tools for re
Tasya [4]

Answer:

Social media is a vital tool for online recruitment in the large MNCs now-a-days.

Explanation:

In the recent, there is a trend of recruiting the new professionals through various online platforms and other social media tools.

With social media many legal consideration comes into account. The organizations while handling social media tools for recruitment has to look on various important points while posting their advertisement and collecting the data of the candidates online. There are severe legal ramifications on using social media in a wrong way, so organization have to be ethical while using them.

  • Firstly, they should respect the privacy of the social media communities.
  • Professionalism and rules of ethics should be applied.
  • They should respect the copyright laws.
3 0
3 years ago
Collins Company borrowed $1,250,000 from BankTwo on January 1, 2016 in order to expand its mining capabilities. The five-year no
hoa [83]

Answer:

Collins Company must recognize $118,750 (which is annual interest paid on the capital) in its 2017 income statement as an expense item if the method of computing the interest is the flat rate method.

If it is reducing balance rate, then the amount deducted will equal $ 87,823

Explanation:

According to the principles of Financial Accounting, the interest portion of any loan must be entered as an expense item. The portion of the principal being paid back is recorded as part of the liability of the company in the period under consideration. It often goes by the term Loan Payable or Notes Payable.

Hence to arrive at the answers given above, you must note that the year in question is 2017 and that the loan took effect from January 2016.

When computing for interest payable, two methods may be used:

  1. Flat rate method: which requires that the interest rate applicable is computed on the capital and multiplied by the number of years the loan will run.

That is, $1,250,000 x 9.5% x 5 = Total Interest Rate Applicable.

= $593,750 so going by this method, the interest rate to be entered is

= $593, 750/5

= $118,750

   2. Reducing balance rate method: This requires the rate of interest to be applied each year succesievely having taken into account the capital which way paid in the previous year.

That is, [Initial Capital-Annual Payments] *9.5%

For year 2016, annual payment will be Zero. Given that the loan started in that year. In 2017 however, the annual payment will apply as shown below:

= [$1,250,000-$325,545] *9.5%

= $924, 455 * 9.5%

= $87,823 (approximately)

Cheers!

5 0
3 years ago
A principal real estate broker is responsible to review and initial all documents written by his associated real estate brokers
slamgirl [31]

Answer:

The correct answer is <em>7 banking days from the date the document was accepted, rejected or withdrawn</em>.

Explanation:

A real estate agent is a natural person who is dedicated to providing mediation, advice and management services in real estate transactions related to: the sale, rental, exchange or transfer of real estate and their corresponding rights, including the constitution of these rights.

In each country, the activity is governed by a particular law, so far there is no law that regulates real estate issues worldwide, despite the fact that many real estate agents carry out transactions in countries other than their headquarters.

8 0
2 years ago
Brandon has completed the first draft of his business report and is in the third phase of the writing process, revision. what sh
Dmitry [639]
The phase 3 of a business report is the revision phase.
The revision phase involves revising, proof reading and evaluation.
In this phase, improving the content and sentence structure of the report, correcting the grammer, spelling, punctuation, and format of the report and adding, cutting, and recasting what has been written.

Therefore, the correct answer to the question is äll answer choices are correct".
3 0
3 years ago
_____ comprises a range of practices concerned with increasing awareness, fostering learning, speeding collaboration and innovat
vesna_86 [32]
Knowledge management comprises a range of practices concerned with increasing awareness, fostering learning, speeding collaboration and innovation, and exchanging insights of individuals, teams, or entire organizations.
7 0
3 years ago
Other questions:
  • Between 1985 and x there was a period of no gains in the efficient of passenger vehicles (automobiles). Regulations required eff
    8·1 answer
  • Which type of debt is the least attractive for a consumer
    6·1 answer
  • At its present rate of output, Barrel O' Biscuits, a perfectly competitive firm, finds that its marginal cost exceeds its margin
    14·1 answer
  • Scenario D: Theo, Diana, and Teddy, who work for different organizations, are comparing the diversity makeup of their respective
    12·1 answer
  • Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for a few months until his credit history impr
    7·2 answers
  • Charles heads the human resource department at technology development company Schultz Inc. There, he monitors trends of the labo
    7·1 answer
  • Last year, Tinklenberg Corporation's variable costing net operating income was $52,400 and its inventory decreased by 1,400 unit
    10·1 answer
  • Graff, Incorporated, has sales of $49,800, costs of $23,700, depreciation expense of $2,300, and interest expense of $1,800.
    11·1 answer
  • Variable outcome probability price 1,500 0.3 350 0.7 yield (ton) 11 0.55 4 0.45 cost ($) 3500 0.25 7500 0.75 what is the net ret
    8·1 answer
  • Personal selling is considerably less effective than other forms of promotion in obtaining a sale and gaining a satisfied custom
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!