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Phantasy [73]
3 years ago
10

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

Business
1 answer:
Lilit [14]3 years ago
4 0

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

<span>Examples of which are:
</span><span>
Land loan
Home construction loan
<span>Home mortgage
</span><span>Some equity loans
</span>Home improvement loan
Automobile loan
<span>Boat loans or RV loans specialty finance
</span>Student loan
Personal loan
<span>Vacation loan

I hope my answer has come to your help. Thank you for posting your question here in Brainly.
</span></span>
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Which of the following competitors mentioned in the textbook should the owner of a Wendy's restaurant monitor closely due to its
soldier1979 [14.2K]

Answer:

D) Five Guys Burgers

Explanation:

Five Guys Burgers is the fastest growing fast food chain in the US, although that can be explained due to its relatively small size compared to other huge chains like McDonald's, Burger King or Wendy's. It currently operates 1,500 restaurants around the world (most in the US) and plans to open 1,500 more in the next few years.

Its greatest advantage is that is offers a differentiated service and its relative small size allows it to be more flexible. Its website also gets a lot of online traffic.

The combination of all these factors means that they have a lot of potential to grow and gain a higher market share.

5 0
3 years ago
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $14,000. By the end ofthe year,
Bogdan [553]

Answer:

1. Allowance for uncollectible accounts A/c Dr $15,000

             To Account receivable A/c $15,000

(Being write off amount is recorded)

2. $1,000 debit

Explanation:

1. The journal entry is shown below:

Allowance for uncollectible accounts A/c Dr $15,000

             To Account receivable A/c $15,000

(Being write off amount is recorded)

2. And, the balance of Allowance for Uncollectible Accounts would be

= Beginning balance of estimated uncollectible accounts - written off balance

= $14,000 - $15,000

= $1,000 debit

5 0
3 years ago
_________ are industry-specific factors that separate one strategic group from another.
GalinKa [24]

Answer: Mobility Barriers

Explanation:

<u>Mobility Barriers</u> are industry-specific factors that separate one strategic group from another.

8 0
2 years ago
Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources
OleMash [197]
The correct answer is B because there are websites that list businesses for sale along with contact information for dealing.
3 0
3 years ago
Read 2 more answers
Your goal is to withdraw $25,000 in 10 years. To get the money for this withdrawal, you will make the aforementioned five equal
NikAS [45]

Answer:

the interest rate is missing, so I looked for similar questions and found that the semiannual interest rate is 3%.

first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.

You will start making your semiannual deposits today and they will end in exactly 2 years, so we need to find out the present value of the $25,000 in two years:

PV = $25,000 / (1 + 3%)¹⁶ = $15,579.17

that is now the future value of our annuity due:

FV = semiannual deposit x FV annuity due factor (3%, 5 periods)

$15,579.17 = semiannual deposit x 5.46841

semiannual deposit = $15,579.17 / 5.46841 = $2,848.94

7 0
3 years ago
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