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3 years ago

Drag each tile to the correct box.

Business

1 answer:

Fittoniya [83]3 years ago

3 0

Answer:

Convenience checks: consumers use these to reduce their available credit in exchange for cash.

Installment loan: consumers make recurring fixed payments.

Introductory interest free: consumers can enjoy a set period of zero interest credit.

Revolving credit: consumers borrow an amount that they don’t have to pay off by a specific date.

Explanation:

In Business, credit can be defined as money or a loan facility agreed upon by a lender and a borrower, who is obligated to repay the lender at a specified date mostly with interest depending on the terms and conditions.

Credit generally decreases assets or increases liabilities and equity on the balance sheet of an organization.

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This is where labor and other factors of production are sold in the circular flow model of income in economic theory *it’s for e

erik [133]

Answer:

Resource Market

Explanation:

A resource market is a market from where businesses purchase inputs that can be used for production.

Resource Market is a market where labor and other factors of production are sold in the circular flow model of income in economic theory.

In Resource Market, households are the sellers and firms are the buyers.

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3 years ago

William Ackman is a hedge fund manager who owned a large share of J.C. Penney stock. He was also a member of the J.C. Penney boa

Ksju [112]

Answer:

The capital market stakeholders and organisational stakeholders.

Explanation:

In this scenario William Ackman owned a large share of J.C. Penney stock, and also a member of the J.C. Penney board.

He had disclosed information about the company which was in breach of his boardroom duties.

There is a conflict for William in his roles as a capital market shareholder and a organisational stakeholders.

As a shareholder he has the freedom to disclose information about the company, but as a organisational stakeholders his obligation is to protect the company by not disclosing information about the CEO search and financial condition of the company.

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3 years ago

Why do mortgage brokers normally have no risk in the mortgage process? A. The broker usually does not loan the money. B. The mor

Zarrin [17]

Answer

D, all of the above.

Explanation:

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3 years ago

Allison and Leslie, who are twins, just received $50,000 each for their 21th birthdays. They both have aspirations to become mil

gizmo_the_mogwai [7]

Answer:

(a) 208.92years

(b) 188.67years

(d) It is irrational for Allison to invest in the bond fund

Explanation:

Allison and Leslie start annual contribution of $5,000 beginning a year from today (22nd birthday)

(a) Allison starts her investment at 22 in Safety First Bond Fund with returns of 7% per year

Annual total investment = 5000 + (5000 × 0.07) = 5000 + 350 = $5,350

Allison's age when she becomes a millionaire = 22 + (1,000,000/5,350) = (117,700 + 1,000,000)/5,350 = 1,117,700/5,350 = 208.92years

(b) Leslie starts her investment at 22 in New Issue Bio-Tech Fund with returns of 20% per year

Annual total investment = 5000 + (5000 × 0.2) = 5000 + 1000 = $6,000

Leslie's age when she becomes a millionaire = 22 + (1,000,000/6,000) = (132,000 + 1,000,000)/6,000 = 1,132,000/6,000 = 188.67years

Her annual contributions to become a millionaire at the same age as Leslie = 1,000,000/(188.67 - 22) = 1,000,000/166.67 = $6,000

(d) It is irrational for Allison to invest in the bond fund rather than in stock because it will take longer time to achieve her aspiration to become a millionaire

7 0

3 years ago

The unadjusted balance of the company's Cash account was $26,620 at the end of June. The bank statement shows a balance on June

tatyana61 [14]

Answer:

Adjusted bank and book balance is $25,960 and $25,960 respectively

Explanation:

Bank statement balance Book balance

Opening balance 26,960 26,620

Add: Deposit in transit Interest earned

3,000 150

Less: Outstanding check Error on check

4,000 (4,900 -4,090) = 810

Adjusted Balance $25,960 $25,960

8 0

3 years ago