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3 years ago

What type of Credit allows you to borrow a specific amount and agree to pay in a specific number of payments of equal amounts?

Business

2 answers:

lesantik [10]3 years ago

8 0

Answer:

The correct answer is Installment.

Explanation:

There are many types of credits you can ask for, one of them is the Installment credit. This credit consists of a loan that will be paid month by month in equal amounts of money until the debt is paid.

The advantage of this loan is precisely that the payment of each month is fixed, and will not change.

These loans usually have a longer duration to finish paying off the debt, <u>an example of this type of loans is a mortgage. </u>

To apply for a loan you must have a good previous credit record, an annual increase that is appropriate for the loan you are applying for and a stable employment or source of income.

Given this information, we can say that the correct option is Installment.

Kryger [21]3 years ago

6 0

bloting i think it is thatn

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Vaughn Manufacturing has 11500 shares of 5%, $100 par value, non-cumulative preferred stock and 46000 shares of $1 par value com

Oksana_A [137]

Answer:

$23,000

Explanation:

Total dividends = $138,000 (Paid in 2020)

Common stock outstanding = 46,000 shares

Preferred dividend = Number of shares × Par value × 5%

= 11,500 × $100 × 5%

= $57,500

Dividends received by common stock holders in 2020 is;

= Total dividends - Preferred dividend

= ($138,000 × 1) - ($57,500 × 2)

= $138,000 - $115,000

= $23,000

5 0

2 years ago

The acronym now, when used by financial institutions, stands for ________ and is a type of interest-bearing checking account.

ololo11 [35]

The answer is negotiable order of withdrawal or short for the acronym NOW. The acronym NOW, when it is used in terms of financial institutions, in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing checking account wherein a patron or customer is allowed to create drafts against cash held on deposit or in short words, the owner of the account can write an unlimited amount of checks for drafts or to be used.

5 0

3 years ago

Beckett, Inc. reports the following cost information for March: Cost of Goods Manufactured $ 73 comma 000 Manufacturing Overhea

pentagon [3]

Answer:

Beckett, Inc.

Cost of Goods Manufactured Statement

Direct Materials Used 25, 140

Direct Labor $ 20,280

Manufacturing Overhead 18 ,900

Total Manufacturing Costs $ 64,320

March 1 Work-in-Process Inventory, 9, 680

Cost of Goods Available for Manufacture $ 74,000 

March 31 Work-in-Process Inventory, 1, 000

Cost of Goods Manufactured $ 73,000

March 1 Finished Goods Inventory, 8, 000

Cost of Goods available for sale $81,000

March 31 Finished Goods Inventory, 2, 000

Cost of Goods Sold $ 79,000

7 0

3 years ago

Last year Carson Industries issued a 10-year, 14% semiannual coupon bond at its par value of $1,000. Currently, the bond can be

Alex_Xolod [135]

Answer and Explanation:

The computation is shown below:

For nominal yield to maturity

Given that

NPER = 9 × 2 = 18

PMt = $1,000 ×14% ÷ 2 = $70

PV = -$1,300

FV = $1,000

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the yield to maturity is 9.05%

For nominal yield to call

Given that

NPER = 6 × 2 = 18

PMt = $1,000 ×14% ÷ 2 = $70

PV = -$1,300

FV = $1,060

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the yield to call is 8.34%

As the yield to maturity is more than the yield to call so the bond would be likely to called

3 0

3 years ago

Why is a high level of subsistence agriculture a characteristic of less developed countries?

slava [35]

<span>The answer is C. It means that more people are unemployed or underemployed. Subsistence Agriculture means that the farmers only grow enough food to feed their families. They don't grow extra food to sell. This is a sign of a less developed country, because the family members are using their time and resources to care for themselves and are not working outside of the home. Therefore they will be unemployed or underemployed.</span>

5 0

3 years ago

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