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3 years ago

What is installment credit

2 answers:

8 0

Googles answer:
An installment loan is a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage, for example, is a type of installment loan.

short answer: A loan with specific monthly payments, Terms, interest.

Step2247 [10]3 years ago

4 0

This is a Payment made monthly to an organisation on a specified date where the money is paid on credit every month

You might be interested in

What is 3/5 of 18 800

nata0808 [166]

Answer:

11,280

Explanation:

3/5 of 18 800

=3/5 x 18 800

=0.6 x 18,800

=11,280

6 0

3 years ago

Companies can implement global marketing by developing a product and promotional strategy that:

Darina [25.2K]

Companies can implement global marketing by developing a product and promotional strategy that can be implemented worldwide. Global marketing involves the process of devising and conveying a product worldwide with the principal aim of reaching the international marketing community.

4 0

3 years ago

The shareholders’ equity of Core Technologies Company on June 30, 2020, included the following: Common stock, $1 par; authorized

snow_tiger [21]

Answer:

Explanation:

Before recording the journal entries first we have to determine the stock dividend which is shown below:

= Number of outstanding shares × stock dividend percentage × market price on April 1

= 3,000,000 shares × 10% × $30

= $9,000,000

The Number of outstanding shares × stock dividend percentage = Issued shares

The journal entries are shown below:

On April 1, 2021

Retained earnings A/c Dr $9,000,000

To Common stock dividends distributable $300,000

To Paid-in capital—Excess of par $8,700,000

(Being the declaration of dividend is recorded and the remaining balance is credited to the Paid-in capital—Excess of par)

On June 1, 2021

Common stock dividends distributable A/c Dr $300,000

To Common stock $300,000

(Being distribution of the stock dividend is recorded)

5 0

4 years ago

using pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the marke

OleMash [197]

Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.

In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.

When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.

Learn more about penetration pricing here: brainly.com/question/3521758

#SPJ4

5 0

1 year ago

Novak Corp. redeemed $134,000 face value, 10% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption

Fittoniya [83]

Answer:

bonds payable 134,000 debit

loss on redemption 17,018 debit

cash 138,020 credit

discount on bonds payabke 12,998 credit

Explanation:

redemption disbursement:

face value x redemption quote

134,000 x 103/100 = 138,020

carrying value: 121,002

loss at redemption 17,018

We are using 138,020 cash(asset) to pay a liability for 121,002

discount/premium on the bonds:

face value 134,000

carrying value 121,002

discount: 12,998

In the journal entry we must write-off the bond payable and the discount. Then, declare the loss at redemption and the cash used.

3 0

3 years ago