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elena-s [515]
3 years ago
15

​a man borrows money from an automobile dealership to pay for a car. if he fails to repay the loan, the dealership will take pos

session of the car. in this situation, the dealership is (a) _____, the car is (a) _____, and the man is (a) _____.
Business
2 answers:
Setler [38]3 years ago
7 0

Select one:

a. ​creditor, collateral, borrower

b. ​borrower, creditor, collateral

c. ​credit union, loan, creditor

d. ​loan, collateral, creditor

Answer: a - creditor, collateral, borrower.

The automobile dealership loans money to the man to buy a car. So, the automobile dealership is the creditor.

Collateral refers to anything that may be pledged in return for money, with the condition that the pledged item will be forfeited if the money is not repaid. Since the dealership will take possession of the car if the man fails to repay the money, it is a collateral.

The man who bought the car, owes money to the automobile dealership as he bought the car on a loan. So, he is a borrower.

jenyasd209 [6]3 years ago
7 0

Answer:

The correct answer is option A, Creditor, Collateral, Borrower.

Explanation:

A man borrows money from an automobile dealership to pay for a car. If he fails to repay the loan, the dealership will take the possession of the car. In this case, the dealership is Creditor, the car is Collateral and the man is Borrower.

Creditor is the one who lends the money. Collateral is the thing that is being pledged. and Borrower is the person who borrows the money.

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Alona [7]

Answer: Commercialization

Explanation: The act in this case study illustrates commercialization which can be defined as the process of making new product available into the market with the motive of having strong financial gains. In this case study general foods was more aware than proctor and gamble thus they initiated the commercialization stage before them and developed the product for market before P and G.

8 0
3 years ago
Sources of consumer information might include ____.
Vesnalui [34]
Sources of consumer information might include all the following: Associations and organizations, newspapers, magazines, manufactures, and sellers. Therefore your final answer is D) All of the above. Good Luck.
3 0
3 years ago
Dakota Trucking Company (DTC) is evaluating a potential lease for a truck with a 4-year life that costs $40,000 and falls into t
Afina-wow [57]

Answer:

The company should borrow or buy the truck as it is less costly than leasing.

Explanation:

Detailed solution is given below

7 0
3 years ago
Several economists have recognized the limits of fiscal policies when attempting to stabilize or aid economic recovery. During t
Bond [772]

Answer:

There are following lags:

1. Data Lags: Many macroeconomic information arrangement, for example, GDP are just accessible with a significant slack, and they are dependent upon huge modifications. Along these lines, data strategy creators utilize is review, not contemporaneous. Getting data about the present condition of the economy is troublesome, we don't have great data until months after the economy has just changed course.  

2. Recognition Lags: Once the information are at last accessible it requires some investment to make sense of what they are stating. Is the downturn in work right now transitory, or the start of a more extended term pattern? In the event that it's brief, no compelling reason to act, however on the off chance that it's lasting, at that point activity might be required.  

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3 0
3 years ago
You are comparing two annuities with equal present values. The applicable discount rate is 6.5 percent. One annuity will pay $2,
MAVERICK [17]

Answer:

the annual payment for the second annuity is $2,130 paid at end of every year

Explanation:

We have following information for 1st annuity:

Rate: 6.5%

Payment (PMT): -$2,000, paid at beginning of every year

Tenor (Nper): 20 years

We use excel to calculate the present value of annuity = PV(rate,Nper,PMT,,1)

=PV(6.5%,20,-2000,,1) = $23,469

Then we calculate the payment for 2nd annuity = PMT(rate,Nper,PV,,0)

=PMT(6.5%,20,23469,,0) = -$2,130

Download xlsx
4 0
3 years ago
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