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2 years ago

Determine the type of credit that involves a set limit based on what a consumer pays up front.

Business

1 answer:

Lilit [14]2 years ago

4 0

Installment credit is a type of credit that has a fixed number of payments, in contrast to revolving credit.

Examples of which are:

Land loan
Home construction loan
Home mortgage
Some equity loans
Home improvement loan
Automobile loan
Boat loans or RV loans specialty finance
Student loan
Personal loan
Vacation loan

I hope my answer has come to your help. Thank you for posting your question here in Brainly.

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Which trade strategy have developing countries used to replace commodity exports with exports such as processed primary products

Igoryamba

Answer: Export promotion

Explanation: Economic policies made by the government in other to encourage the sale and marketing of it's product or derivative of the nation's natural resources beyond the local market, allowing foreign or international trading of goods produced locally. With export promotion, commodity export which often involves selling raw materials as is, developing countries can take advantage of the several derivatives of a certain raw material before preparing for export which will boost revenue and also ensure that the local market get more in return. Export promotion strategies has allowed local industries sit up and rise to the challenge and compete with foreign rivals in the processing, production and manufacturing of goods.

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3 years ago

TB MC Qu. 7-77 Corbel Corporation has two divisions: Division A and ... Corbel Corporation has two divisions: Division A and Div

irina1246 [14]

Answer:

Corbel Corporation's common fixed cost is $41,650

Explanation:

Division A contribution margin $47,700

Division B contribution Margin $80,850 $128,550

($231,000 * 35%)

Less: Traceable fixed cost $59,700

Operating Income $27,200 ($86,900)

Common fixed cost $41,650

3 0

3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured $45,756,000

Cost of goods sold $50,143,200

Gross Profit $30,856,800

Selling and Administrative Expenses $13,122,000

Operating Income $17,734,800

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold $40,500,000

Manufacturing Margin $40,500,000

Selling and Administrative Expenses $12,150,000

Contribution Margin $28,350,000

Fixed cost

Manufacturing cost $8,856,000

Selling and Admin Expenses $972,000

Total Fixed cost $9,828,000

Operating Income $18,522,000

4 0

3 years ago

Smaller bags of items are generally priced lower per unit than larger bags.

Pepsi [2]

B. FALSE yes
Hi
GOOD BYE

3 0

3 years ago

On January 3, 2018, Austin Corp. purchased 25% of the voting common stock of Gainsville Co., paying $2,500,000. Austin decided t

monitta

Answer:

The total amount of excess amortization for Austin’s 25% investment in Gainsville is $30,000.

Explanation:

total proportions from building, equipment and franchises

= building proportion over 10 years + equipment proportion over 5 years + franchises proportion over 8 years

= ($ 500,000 - $ 400,000)/(10) + (1,300,000 - 1,000,000)/(5) + ($ 400,000-$0)/(8)

= $100,000/10 + $300,000/5 + $400,000/8

= $10,000 + $60,000 + $50,000

=$120,000

Excess Amortization = 25%(total proportions from building, equipment and franchises)

= 25%($120,000)

= $30,000

Therefore, the total amount of excess amortization for Austin’s 25% investment in Gainsville is $30,000.

3 0

3 years ago