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mario62 [17]
3 years ago
7

hums 202 Which of the following describes a consumer installment loan? A. A loan you get based on the tax refund that you expect

to receive. B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years. C. A loan where you have to promise to give the bank your assets if you do not repay the loan. D. A loan for consumer goods where you own the item(s) at the end of the payment period.
Business
1 answer:
umka2103 [35]3 years ago
6 0

Answer:

B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years.

C. A loan where you have to promise to give the bank your assets if you do not repay the loan.

Explanation:

A Consumer installment loan is also known as a closed end credit. It is a form of loan whereby the consumers are expected to pay back in a regular manner usually monthly over a period of time which could span between one to  about forty years.

The loan is given based on how credit worthy the consumer is. Failure to pay back the loan after the stipulated time frame would result to the seizure of the consumer's property or assets by the lending institution. The lending institution could be a bank. A mortgage loan, and a car loan are examples of consumer installment loans.

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28. Considered alone, which of the following would increasea company’s current ratio?
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Answer:

d.An increase in accounts receivable.

Explanation:

The current ratio is one of the liquidity ratios. It measures the company's ability to meet its current liabilities. The higher the ratio, the more financially healthy a company is.  The calculation of the current ratio is by dividing current assets by current liabilities.  

Current assets include inventory,  cash and cash equivalents, accounts receivable, and prepaid expenses .  Examples of current liabilities include accounts payable, accrued liabilities like dividend, and payroll,  Short-term debt, and  the current portion of long-term debt.

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3 years ago
Illustrate the following with supply and demand curves:
Ilya [14]

Answer:

Please see attachment

Explanation:

Please see attachment

4 0
3 years ago
Airbnb, a room-sharing site, offers more rooms than Marriott. Goldman Sachs suggests that the supply of new rooms over the next
alexandr402 [8]

Answer:

C) The threat of new entrants.

Explanation:

Porter's Five Forces: It's an analysis helpful for the industries to get the understanding of the loopholes and their weaknesses. Porter suggested that anytime a company goes down, there would be one force involved among the following five forces.

  1. Threat of new entrants.
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  3. Threat of substitutes.
  4. Rivalry among existing competitors.
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In our case:  

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4 years ago
Moss and Barber organize a partnership on January 1. Moss’s initial net investment is $75,000, consisting of cash ($17,500), equ
Olegator [25]

Answer:

journal entries are as given below

Explanation:

solution

journal entries are as

first we get here investment by Moss

date                 account title                                 debit             credit

January 01       cash                                             $17500

                        equipment                                   $82500

                        note payable                                                     $25000

                        Angela Moss capital                                         $75000

and now we get investment by barber

date                 account title                                 debit              credit

January 01       cash                                              $31250

                        autumn barber capital                                       $31250

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3 years ago
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