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Vikki [24]
3 years ago
14

What is an example of credit? A) A person withdraws money from a bank account using an ATM card. B) A person borrows money from

a finance company to buy a car. C) A person deposits a paycheck into a savings account. D) A person pays interest on an existing mortgage.
Business
2 answers:
EleoNora [17]3 years ago
8 0

B) A person who borrows money from a finance company to buy an car

ahrayia [7]3 years ago
7 0

Answer:

b

Explanation:

An example of credit is when a person borrows money from a finance company to buy a car. Once credit is extended to a person and is used for a purchase, the credit is converted to a debt, and the person has the financial obligation to repay the loan.

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Shore Company reports the following information regarding its production cost:Units produced 38,000 units
Oksanka [162]

Answer:

Production cost per unit $80.59

Explanation:

The computation of the production cost per unit using absorption costing is shown below:

Direct labor per unit  $28

Direct material per unit $29

Variable overhead per unit $20 ($760,000 ÷ 38,000 units)

Fixed overhead per unit $3.59 ($136,420 ÷ 38,000 units)

Production cost per unit $80.59

We simply added all the cost per unit so that the production cost per unit could come

4 0
3 years ago
Which of the following strategic foreign facilities is set up in a location with an abundance of advanced suppliers, competitors
katen-ka-za [31]

Answer:

b. Server factory

Explanation:

Server factory is setup in a location possessing advanced suppliers, competitors and research and knowledge centers to provide proper knowledge regarding any thing that is new.

3 0
3 years ago
A bankrupt who owns a house has the option of either paying the mortgage or losing his home. The court cannot reduce the amount
Olin [163]

Answer: I will vote in favor of the bill.

Explanation:

Based on the above scenario, I would vote in favor of the bill. The argument here is in the case of bankruptcy, if an individual is willing to pay their dues but because of unavoidable financial circumstances, the individual seeks more time or other assistance which can help so that the person will later pay. I believe it's a good idea which should be supported by the law.

The court should have the right to decide terms of mortgages to help debtors in order for them to pay their debts in future rather than forcing them to leave the house. It will also help the country deal with issue of facilitating housing to maximum number of individuals.

In my opinion, the judge's decision should be given prime importance as the judge must evaluate the intention of the debtor and the capability of the debtor to pay the debts

7 0
3 years ago
Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In su
Triss [41]

Answer and Explanation:

Perfect competition is a competitive market where there is a very wide number of buyers and sellers who offer the same or similar goods with great product and service information. Furthermore, this sector has free entry and exit

So it is a perfectly competitive market, also it cannot influence the market price also there are price takers

Also the given statement is false as it represents the monopoly market not the perfect competition market

5 0
3 years ago
Walmart has been opening walmart neighborhood market stores that are one-fifth the size of its supercenters and intended to comp
AleksandrR [38]

Based on the scenario, one risk to this effort is cannibalization. Cannibalization in business is being defined as a situation in which the new product that are released will likely take the demand and sales of another existing product or the competition of this new product that will result the overall sales to be reduced even if the new product sales are increasing.

3 0
3 years ago
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