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3 years ago

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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As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for b

kondor19780726 [428]

Answer:

The demand curve and supply curve will shift leftwards.

Explanation:

The increase in the income of riders will decrease the number of bus rides because there is an inverse relationship between income and inferior goods. Therefore, the demand curve for bus rides will shift leftwards. Moreover, the increase in wages is an input cost, therefore, the rise in input cost will shift the supply curve leftwards.

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3 years ago

Explain a communication module .

Tasya [4]

Answer:

<h2>The Communication Module (cmm) handles the exchange of messages between modules on different robots. As such it closely interacts with the Message System. From a user point of view, all Msg functions work as documented in "An implementation</h2><h2> for the Message System".</h2>

Explanation:

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3 years ago

What major financial problem does a person face when trying to cash a paycheck without a bank account?

Svetllana [295]

Answer:

D) Paying a fee at another financial institution to cash the check. thats the answer

Explanation:

6 0

4 years ago

Explain one reason why it might be an advantage for a business to set up on a busy high street.

Akimi4 [234]

Answer:

High traffic

Explanation:

Higher traffic means more visibility, more visibility means more customers.

7 0

3 years ago

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at

tekilochka [14]

Answer:

$34.4

$37.20

c) $59.57

Explanation:

Given:

Dividend paid = $2.15

Growth rate = 4% = 0.04

Required return = 10.5% = 0.105

Now,

a) Present value = $\frac{\textup{Dividend paid}\times\textup{(1 +growth rate)}^n}{\textup{(Required return-Growth rate)}}$

for the current price n = 1

thus,

Current price = $\frac{\textup{Dividend paid}\times\textup{(1+growth rate)}^n}{\textup{(Required return-Growth rate)}}$

= $\frac{\textup{2.15}\times\textup{(1 +0.04)}^1}{\textup{(0.105-0.04)}}$

= $34.4

b) Price in 3 years

i.e n = 3

= $\frac{\textup{Dividend paid}\times\textup{(1 +growth rate)}^n}{\textup{(Required return-Growth rate)}}$

= $\frac{\textup{2.15}\times\textup{(1 +0.04)}^3}{\textup{(0.105-0.04)}}$

$37.20

c) Price in 15 years

i.e n = 15

= $\frac{\textup{Dividend paid}\times\textup{(1 +growth rate)}^n}{\textup{(Required return-Growth rate)}}$

= $\frac{\textup{2.15}\times\textup{(1 +0.04)}^{15}}{\textup{(0.105-0.04)}}$

= $59.57

4 0

3 years ago