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3 years ago

Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit

Business

1 answer:

lapo4ka [179]3 years ago

6 0

Answer:

The source of consumer credit is credit obtained on services like banking, insurance and travel.

Explanation:

Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.

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Cost of a Fixed Asset Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incu

tamaranim1 [39]

Answer:

$152,600

Explanation:

The computation of the cost of the land is shown below:

Cost of the land = Purchase price + real estate commissions + delinquent property taxes + closing costs + clearing and grading of the land

= $125,000 + $9,500 + $1,800 + $3,500 + $12,800

= $152,600

We considered all the given information

hence, the cost of the land is $152,600

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3 years ago

Jim recently graduated from college. His income increased dramatically;from$5000 a year to $60,000 a year. Jim decides that inst

weeeeeb [17]

Answer: d. The car is a normal goods for Jim

Explanation: if an individual's income goes up by a certain percentage or amount and, in response, the quantity demanded of good rises by rises in response to the income increase, such good can be considered a normal good. It is also defined as such good for which the income elasticity of demand is positive but less than one. This is the same scenario that has happened with Jim. His demand for better automobile increased as a result of an increase in his income.

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3 years ago

In the books of seller, ____ is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated

BartSMP [9]

Not enough information to answer the question, sorry.

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3 years ago

Ian loaned his friend $30,000 to start a new business. He considers this loan to be an investment, and therefore requires his fr

xenn [34]

Answer:

Payment = Pmt(8%, 4, -30000) = $9,057.62

Interest Paid = Beginning amount * 8%

Principal paid = Payment - Interest Paid

End Balance = Beg Amount - Payment

Payment Beg Amount Payment Interest paid Principal paid End Balance

1 30,000 $9,057.62 2,400 6,657.64 23,342.38

2 23,342.38 $9,057.62 1,867.39 7,190.23 16,152.14

3 16,152.14 $9,057.62 1,292.12 7,765.45 8,386.69

4 8,366.39 $9,057.62 670.94 8,386.69 -

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2 years ago

More than ________ percent of those holding patents win their infringement suits.

lara31 [8.8K]

<span>The correct answer is 60%.

Over 60% of patent holders are successful when bringing infringement suits. This high rate of success ensures that patent holders receive just compensation for their work and that others cannot wrongfully benefit from their ideas. A successful patent infringement suit can require the defendant to pay monetary damages to the patent holder in addition from stopping their wrongful use of the patent.</span>

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3 years ago