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elena-s [515]
4 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]4 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]4 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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marshall27 [118]

Answer: 4.37%

Explanation:

As interest is tax deductible, the Sundial Interest needs to be adjusted for tax to find out the true return.

Jackson as a single tax payer earning $47,500 in 2019 has a tax rate of 22% according to the IRS Tax bracket for that year.

That means that the interest that true interest that Sundial is offering him is,

= 5.6 * ( 1 - tax rate)

= 5.6 * ( 1 - 0.22)

= 5.6 * 0.78

= 0.04368

= 4.37%

To make Jackson indifferent with the same amount of risk, the city of Mitchell would have to offer him the same interest that Sundial is offering net of tax which is 4.37%.

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3 years ago
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Diano4ka-milaya [45]

Answer 45k ...

Explanation:

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2 years ago
DeWitt Company sells a kitchen set for $345. To promote July 4, DeWitt ran the following advertisement:
Triss [41]

Answer:

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Explanation:

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Ingrid bought it at the 1 hour and 25 min, that means that she could get 12 % for the first hour plus another 2 % because of th end of the first hour.

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Hope this info was useful

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Delicious77 [7]

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Natalija [7]

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