1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zalisa [80]
3 years ago
14

Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower. This means t

hat:________.A. They will make payments of interest only, with the principal due on the loan due date in 30 years.B. They will make payments of principal only, with the accumulated interest due on the loan due date in 30 years.C. They will make payments of interest and principal on an equal basis until the final payment, which will be larger than the rest, is made at the end of the loan term.D. They will make regular payments of principal and interest, and the entire loan will be paid off by the end of the term.
Business
1 answer:
vivado [14]3 years ago
7 0

Answer:

A. They will make payments of interest only, with the principal due on the loan due date in 30 years.

Explanation:

In this scenario, Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower.

A straight term loan is also known as a straight term mortgage or an interest only loan. It can be defined as a type of loan in which the borrower pays only interest during the term of the loan, while the entire principal amount is to be paid for with the final interest payment at the maturity date (loan due date).

This ultimately implies that, Ollie and Molly Overton will make payments of interest only, with the principal due on the loan due date in 30 years.

You might be interested in
When managers disregard ethical concerns, the likely result is:?
sergeinik [125]
The most likely result is that there would be a general mistrust because they are disregarding what you need.
5 0
4 years ago
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and
Reil [10]

Answer:

$3,325

Explanation:

Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable

Bad Debt Expense = $4,100 - ($1,400 - $625)

Bad Debt Expense = $4,100 - $775

Bad Debt Expense = $3,325

So, the bad debt expense for 2022 would be $3,325.

6 0
3 years ago
​small businesses are hesitant to involve in global business because it:
7nadin3 [17]
<span>Small businesses are hesitant to involve in global business because it involves various trade laws or tariffs. Taking that kind of plunge in the business world for a business of small scale is risky situation or at least the small business owners feel. Sometimes this would be the turning point for these businesses to break out huge.</span>
4 0
3 years ago
The project manager has concerns about the software developer's project work in terms of quality and has spoken to the developer
Katen [24]

Available Options Are:

(A) Both focus on management responsibility, fulfillment of requirements, continuous improvement, prevention over inspection, and product excellence

(B) Both focus on management responsibility, continuous improvement, prevention over inspection, and customer satisfaction

(C) Both focus on management responsibility, fulfillment of requirements, continuous improvement, prevention over inspection, and customer satisfaction

(D) Both focus on management responsibility, continuous improvement, prevention over inspection, and product excellence

Answer:

Option B. Both focus on management responsibility, continuous improvement, prevention over inspection, and customer satisfaction

Explanation:

The quality management and the project management both are management study. Secondly, both of these focus on the improving the project quality and making it better in the every next step. Both management techniques prefer mistake prevention techniques over the continuous prevention which cost lower. These three things were common in all of the option above and are written in bold letters.

Option A is incorrect because fulfillment of requirements and product excellence is not part of project management though it is part of quality management.

Option B is correct because both project management and quality management says that customer satisfaction comes from quality output.

Option C is incorrect because fulfillment of requirements is not part of project management though it is part of quality management.

Option D is incorrect because product excellence is not part of project management though it is part of quality management.

8 0
3 years ago
The effective tax rate is Equal to the taxes paid divided by taxable income. The percentage of tax payable on the last dollar of
KIM [24]

Answer:

The correct answer is: Equal to the taxes paid divided by taxable income.

Explanation:

The effective tax rate is the ratio of the total tax burden of an individual and their taxable income. It is considered as a better representative of the tax burden of an individual than the marginal tax rate.  

It shows the average rate at which an individual's income and assets are taxed. The effective tax rate of an individual is lower than the marginal tax rate.  

To calculate the effective tax rate, the individuals can add their total tax burden and divide the sum by their taxable income. It represents the percentage of taxable income that an individual has to pay as taxes.  

5 0
3 years ago
Other questions:
  • A company uses the allowance method to account for uncollectible accounts receivables. When the firm writes off a specific custo
    12·1 answer
  • When managing your human resources, _____________ is the process of deciding who should be hired, under legal guidelines, to ser
    14·1 answer
  • You are considering two home security companies for your new house. The first company offers free installation and equipment, bu
    5·1 answer
  • Pioneer Chicken advertises "lite" chicken with 30% fewer calories than standard chicken. When the process for "lite" chicken bre
    9·1 answer
  • Wagner &amp; Sons, Inc. perform property appraisals for commercial real estate transactions. The following transactions were com
    8·1 answer
  • Tariffs and other trade restrictions increase the domestic scarcity of products from abroad. Such policies benefit domestic prod
    11·1 answer
  • 24. Armin is trying to decide whether to buy a season pass to his college basketball team’s 20 home games this season. The cost
    6·1 answer
  • Annuities where the payments occur at the end of each time period are called _____, whereas _____ refer to annuity streams with
    9·1 answer
  • Willing to give a lot of points
    10·1 answer
  • In the second step of the stakeholder impact analysis, managers need to identify and understand stakeholders' ______
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!