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Triss [41]
3 years ago
13

1. A certain family has a car loan of $24,623 with a local bank. Because of this loan balance the family would classified as a:

demander of loanable funds deficit savings unit deficit budget unit all of the above none of the above
Business
1 answer:
LUCKY_DIMON [66]3 years ago
5 0

Answer: None of the above

Explanation:

The deficit spending unit is used in describing a scenario when an economy, the household or firm, has spent more than it earned for a particular period of time.

Since the family has a car loan of $24,623 with a local bank, thus means that they spent more than they earned and therefore took loans and are a deficit spending unit.

Since the option isn't given, the correct option is None of the above.

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why do people take surveys and human verification's for?????????????????????????????????????????????????????????????????????????
Trava [24]
To make sure you are not a robot
8 0
3 years ago
For the lessee to account for a lease as a finance lease, the lease must meet: Multiple Choice Any two of the criteria specified
maxonik [38]

Answer:

The correct answer is Any one of the five criteria specified by GAAP regarding accounting for leases.

Explanation:

According to the information in FAS 13, criteria for accounting for financial and operating leases must be followed, such that the asset must be recognized all the risks according to the property, considering the times of the lease and in other cases the future purchase options the which must be reasonably recorded. If these criteria are not met it should be classified as an operating lease.

5 0
3 years ago
Morrow Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has
Black_prince [1.1K]

Answer:

$9,400

Explanation:

The computation of ending balance in the Allowance for Doubtful Accounts account is shown below:-

The ending balance in the Allowance for Doubtful Accounts account = Net credit sales × Bad debt losses + Unadjusted credit balance

= $190,000 × 3% + $3,700

= $5,700 +$3,700

= $9,400

Therefore for computing the ending balance in the Allowance for Doubtful Accounts account we simply applied the above formula.

7 0
3 years ago
Cereal is an example of a consumer product, where many ________ cost comprehensive prototypes are built since the product has __
Ilia_Sergeevich [38]

There are different types of prototype decisions. Cereal is an example of a consumer product, where many low cost comprehensive prototypes are built since the product has high market risk.

There are different kinds of Prototype Decision when looking at the technical risk compared to the prototype cost. They are:

  • Low risk - low cost (printed stuff) : Here, there is no need for comprehensive prototypes.

  • Low risk - high cost (ships, buildings) : Here, there is no way one can afford comprehensive prototype.

  • High risk - low cost (software) : Here, there a a lot of comprehensive prototypes.

  • High risk - high cost (airplanes, satellites) : This often make use of analytical models a lot, have a well throughout planned of comprehensive prototypes

Prototyping is simply known to be the estimation or approximation of the product with its one or more areas of interest.  It has 2 kinds which are Physical prototypes vs. analytical prototypes , Comprehensive (with all the attributes of a product) vs. focused.

Learn more about Prototyping from

brainly.com/question/7509258

4 0
2 years ago
While preparing the annual advertising budget, Tracy, the chief marketing officer of an online furniture store, is deciding whic
LiRa [457]

Answer:

b. The resource allocator role

Explanation:

The resource allocator role -

It refers to the person , who represents and decides the resources , is referred to as the resource allocator .

All the resources and funds are handled by the resource allocator .

Any major decision or any confusion about the certain goods and services is resolved by the resource allocator .

Hence , from the given scenario of the question ,

The correct option is b. The resource allocator role .

5 0
3 years ago
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