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2 years ago

A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?

2 answers:

5 0

This kind of credit is also known as consumer credit. It is actually the kind of credit that is given to a consumer on purchasing of any goods or getting any kind of service. Some kind of loans, credit card loans can be considered as a kind of consumer credit. This kind of credit is prevalent around the globe.

Studentka2010 [4]2 years ago

5 0

Answer:

Installment credit

Explanation:

The answer the guy up there gives you isn't even an option, and i took the test and got it right

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A the production possibilities frontier (PPF) is bowed outward as a result of:_________

vodomira [7]

Answer: 2) increasing opportunity costs.

Explanation:

The Production Possibilities frontier is bowed out as it shows that for one more unit of a good to be produced, an additional unit of the other good must be given up.

This represents increasing opportunity costs because opportunity cost is the cost we incur for choosing one alternative over another. By producing more and more of one good, we give up more and more of the other good which means that our opportunity cost rises.

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3 years ago

Suggest the appropriate functional forms for the relationships between the following variables, and explain your reasoning, keep

Evgesh-ka [11]

Answer:

B is you answer

Explanation:

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2 years ago

In pioneer ville, the price elasticity of demand for bus rides is 0.5. when the price of a bus ticket rises by 5 percent, ____

lianna [129]

The quantity of bus rides demanded decreases by 2.5 percent. Hope this helps. :)

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3 years ago

Asher buys a linen suit from Miriam and gives it to his father, Moises. Moises takes the suit to Vanessa, who runs a local dry c

andrezito [222]

This doesn’t even make any sense

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2 years ago

Mauro Products distributes a single product, a woven basket whose selling price is $13 per unit and whose variable expense is $1

Ira Lisetskai [31]

Answer:

Break-even point in unit sales = 2,300 units

Break-even point in dollar sales = $29,908.97 (Approx)

New break-even point in unit sales = 2,600 units

New break-even point in dollar sales = $33,810.14 (Approx)

Explanation:

Given:

Selling price = $13 per unit

Variable expense = $11 per unit

Fixed expense = $4,600

Computation:

Break-even point in unit sales = Fixed expense / [Selling price - Variable expense]

Break-even point in unit sales = 4,600 [13-11]

Break-even point in unit sales = 2,300 units

Contribution margin = [(13-11)] / 13 = 15.38%

Break-even point in dollar sales = Fixed expense / Contribution margin

Break-even point in dollar sales = $4,600 / 15.38%

Break-even point in dollar sales = $29,908.97 (Approx)

New break-even point in unit sales = [4,600+600][13-11]

New break-even point in unit sales = 2,600 units

New break-even point in dollar sales = Fixed expense / Contribution margin

New break-even point in dollar sales = $5,200 / 15.38%

New break-even point in dollar sales = $33,810.14 (Approx)

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3 years ago