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2 years ago

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

Business

2 answers:

Naily [24]2 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]2 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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Ad libitum [116K]

Answer:

Explanation:

At the price of $24, the demand is 36

At the price of $30, the demand is 24

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3 years ago

With e-commerce and the internet, which of the following depicts a trend in advertising?

anzhelika [568]

There will be a greater amount of ads on social media websites since more users can be targeted with them.

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3 years ago

The Volt Battery Company has forecast its sales in units as follows: January 2,900 February 2,750 March 2,700 April 3,200 May 3,

goblinko [34]

Answer:

(the image attached) for the monthly production budget for january through June

Explanation:

1st We will list each month sales

Then, we will calcualte the desired ending inventory as 110% of next month sales:

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So, January ending inventory: 2,750 x 1.10 = 3,025

And so on with all the months.

Then we subtract the beginning inventory as those units are already produced/ in company's stocks

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3 years ago

What is the term for a person who has been appointed by another person to act on her behalf and in her best interest?.

lapo4ka [179]

An individual who has been appointed by another person to act on their behalf and in their best interest is known as an agent.

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1 year ago

Kayak is a company that allows customers to efficiently search databases to find the best airline and hotel deals all over the W

maria [59]

Answer: (D) Marketing channel or channel of distribution

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Therefore, The kayak is one of the part of marketing channel or the channel of distribution.

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3 years ago