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viva [34]
3 years ago
5

What distinguishes open-ended credit from closed-ended credit?

Business
2 answers:
Naily [24]3 years ago
7 0

The main difference is must repay vs doesn’t need to repay.

<u>Explanation: </u>

Closed-end credit is a payment agreement in which the debtor is expected to repay the tax due plus the interest in a particular number of equivalent arrangements, typically on a monthly basis.

Open-ended loan, credit is provided in anticipation of any payment so that the debtor does not have to repay every period the credit is demanded.

Car and ship loans are prominent examples of closed-end loans. On the other side, open-ended loans, such as credit card payments, can have the amount owed up and down as the creditor takes money against the line of credit.

KiRa [710]3 years ago
6 0

Open-ended credit is credit that can be used repeatedly.

Example: A credit card

Close-ended credit is credit that has to be paid in full by a certain date

Example: A house loan (mortgage)

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Caleb is a bus driver who takes passengers through scenic mountains and points out the various rock formations along the way. Ca
aleksandr82 [10.1K]

The celeb provides his services in the travel and tourism course of the hospitality and tourism cluster. This, the correct answer is B.

<h3>What do you mean by the hospital and tourism cluster?</h3>

The Hospitality and Tourism cluster provides the travellers or the residents with all arrangements including food, water, shelter, transportation and safety while travelling.

Caleb is a bus driver who helps passengers in travelling safely in natural mountains and tells information about the formations of rock.

Therefore, option B travel and tourism is the route in which Caleb works as he helps passengers in travelling safely and encourage tourism.

Learn more about hospitality and tourism, here:

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5 0
2 years ago
Please answer! Will give 25 points!
Vinvika [58]
D. 56.25
(6 x 12)/2 = 36 cm2; Area of triangle ABC
If EF=4.5, than ED=9, because EF and ED have the same proportions as BC and AB. So area of EFD = (4.5 x 9)/2  = 20.25
ABC + EFD = 56.25
3 0
3 years ago
Read 2 more answers
Suppose the tax rate is 0 on the first $20,000, 20 percent on the next $20,000, 30 percent on the next $20,000, 40 percent on th
DENIUS [597]

Answer:

income tax expense 18,000

Explanation:

we have to calcualte the taxable income on each bracket:

1st 20,000 tax free

$20001 to $40,000 are taxes at 20% Thus, 4,000 income tax

$40,001 to $60,000 are taxes at 30% Thus, 6,000 income tax

$60,001 to $80,000 are taxes at 40% Thus, 8,000 income tax

In total the income tax will be for $18,000

5 0
4 years ago
Record the issuance of 3,100 shares of $20 par value common stock for $50,000 of inventory, $155,000 of machinery, and acceptanc
Phoenix [80]

Answer:

Dr Merchandise inventory 50,000

Dr Machinery 155,000

Dr Notes receivable 100,000

    Cr Common stock 62,000

    Cr Additional paid in capital in excess of par value 243,000

Explanation:

All outstanding stocks must be recorded at par value: 3,100 shares x $20 = $62,000. Any mount paid for the stocks in excess of par value must be recorded in the additional paid in capital in excess of par value account : $305,000 - $62,000 = $243,000

4 0
4 years ago
To maintain a good attitude and high self-esteem, evaluate and follow up only after interviews that were positive experiences,
CaHeK987 [17]

Answer:

The statement is False

Explanation:

The given statement is false because the if a person or an individual wants to maintain a high self esteem and a good attitude, one needs to evaluate or determine the follow up from the after interviews that have negative experiences, not with that interviews that have positive experiences.

As if the person evaluates only positive experience, then the person will become overconfidence which is not good . So, it is important to see both positive experience as well as negative experience.

4 0
3 years ago
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