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Sati [7]
3 years ago
6

Compare revolving credit and closed-end credit.

Business
1 answer:
jolli1 [7]3 years ago
5 0

The lender and borrower agree to the amount borrowed, the loan amount, the interest rate and the monthly payment, which depend on the borrower's credit rating.Generally, real estate and auto loans are closed-end credit, but home-equity lines of credit and credit cards are revolving lines of credit or open-end.

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One way to support the domestic marketing campaign is through industry participation. List three other pillars of this campaign.
Whitepunk [10]

Answer: strategic pillars: content, data, and execution

Explanation:

3 0
2 years ago
4. What aspect of project management was omitted from the PMI definition that is included in the definition proposed by Meredith
lukranit [14]

Answer:

Fulfilling client's expectations

Explanation:

Project management can be defined as the use of skills, tools and knowledge to effectively execute a project.

The Project Management Institute (PMI) aims to develop the project management profession.

PMI definition proposed by Meredith and Mantel has included client satisfaction as a criteria for project success.

Initially client satisfaction was not included in Project Management definition.

According to them project management is the use of skills, tools, and knowledge to meet and exceed customer expectations.

This definition now different from the previous one that focuses on meeting project specifications

6 0
2 years ago
McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a cust
Natalka [10]

Answer:

McGregor would Debit Service Fee Expense for $6.

Explanation:

Data provided in the question:

Fee charged by the credit card company = 3% of the sales

Amount of payment made by the customer to McGregor for the service = $200

Now,

The amount of fees charged on the transaction bu the credit card company

= 3% of $200

= 0.03 × $200

= $6

Since, this fees is an expense for the McGregor

Hence,

McGregor would Debit Service Fee Expense for $6.

5 0
3 years ago
Which of the following statements is CORRECT? Select one: a. The capital structure that minimizes a firm's weighted average cost
Varvara68 [4.7K]

Answer:

b. The capital structure that minimizes the firm's weighted average cost of capital is also the capital structure that maximizes its earnings per share.

Explanation:

The optimal capital structure is estimated by calculating the mix of debt and equity that minimizes the weighted average cost of capital (WACC) while maximizing its market value. The lower the cost of capital, the greater the present value of the firm’s future cash flows, discounted by the WACC. Thus, the chief goal of any corporate finance department should be to find the optimal capital structure that will result in the lowest WACC and the maximum value of the company (shareholder wealth).

6 0
3 years ago
as a young entrepreneur, how can you show the responsible ways of purchasing activities on any possible situations you may consi
Helen [10]

Answer:

There are several ways in which a young entrepreneur can carry out purchasing activities responsibly, including:

1. Measured production of inventory or units of products- If an entrepreneur is producing bicycles for instance, (s)he should only spend on inventory that (s)he anticipates will be sold to customers or purchased by retailers. For example, let's assume that the entrepreneur has a purchase order from a retailer such as K-Mart for 500 bicycles. In this case the entrepreneur should only produce around 550 bicycles rather than 700 or 1000 bikes, thus, purchasing supplies and producing inventory in accordance with demand for his/ her bicycles.

2. Lowering costs of production where possible- Firstly, this can be done by purchasing supplies and materials for inventory in bulk. Secondly, the entrepreneur could outsource the manufacturing of his/her product to countries (such as China) where production costs are significantly cheaper.

4 0
3 years ago
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