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Brums [2.3K]
3 years ago
13

Nathalie is willing to apply for a car loan. She is 18 years old, still lives at home with her parents and has a part-time job d

uring nights while attending college. In this scenario, a bank's loan officer is most likely to approve the loan in case that Group of answer choices Nathalie maintains a 3.5 GPA. Nathalie signs over her parents car as collateral. Nathalie provides a cosigner on her loan. Nathalie increases her student loan.
Business
1 answer:
Eduardwww [97]3 years ago
8 0

Answer:

Nathalie provides a cosigner on her loan

Explanation:

In the case when an inidvidual co-signs the loan so the individual is become obligated in a legal way to repay the full loan with respect to nathalie when she is not able to pay the amount. Also the loan officer would permitted in that case when the co-signer has the stable kind of job or the source of revenue.

So, nathalie not sign the car of the parent as the collateral as it required the parent consent

So the above should be the answer

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5 0
3 years ago
Which of the following is a risk (or potential pitfall) of cost leadership? Multiple Choice a. Cost differences increase as the
musickatia [10]

Answer:

d. Cost cutting in one area of the value chain might increase costs in another.  

Explanation:

Although cost leadership is an efficient way to dominate the competition,it does have potential pitfalls if not executed correctly. For example, if operating cost is decreased, the changed product feature may imply a higher marketing cost afterward. In order to be truly efficient, the cost leadership strategy has to be implemented in such a way, so it doesn't impact other value chain costs negatively (increasing them).

6 0
3 years ago
Mr. Ballard retired in 2018 at age 69 and made his first withdrawal of $35,000 from his traditional IRA. At year-end, the IRA ba
serg [7]

Answer:

a)

Contributions amounting to $320,000 were non deductible.

<u>First year of withdrawal:</u>

Taxfree withdrawal % = Uncovered Investments / Current year value x 100

Taxfree withdrawal % = [$320,000 / ($441,000 + $35,000)] x 100

Taxfree withdrawal % = [$320 / $476,000] x 100

Taxfree withdrawal % = 67.23%

Amount of taxfree withdrawal = 67.23% x $35,000

Amount of taxfree withdrawal = $23,530.5

Taxable amount = Total Withdrawal - Tax free withdrawal

Taxable amount = $35,000 - $23,530.5

Taxable amount = $11,469.5

<u>Second year of withdrawal:</u>

Taxfree withdrawal % = [($320,000 - $23,530.5) / ($407,000 + $60,000)] x 100

Taxfree withdrawal % = [$296, 469.5 / $467,000] x 100

Taxfree withdrawal % = 63.48%

Amount of taxfree withdrawal = 63.48% x $60,000

Amount of taxfree withdrawal = $38,088

Taxable amount = $60,000 - $38,088

Taxable amount = $21,912

b)

$35,000 would be included in taxable income in first year and $60,000 would be included in taxable income in second year.

8 0
3 years ago
A company's current sales are $300,000 and fixed expenses total $225,000. The contribution margin ratio is 30%. The company has
Anna [14]

Answer:

Increase by $6,000

Explanation:

Calculation to determine the net operating income

Using this formula

Net operating income=Expected sales increase ×Contribution margin ratio-Fixed expenses

Let plug in the formula

Net operating income=$70,000 x 30% - $15,000

Net operating income=$21,000-$15,000

Net operating income=$6,000 increase

Therefore the net operating income will increase by $6,000

3 0
3 years ago
​(A) What price should the company charge for the​ phones, and how many phones should be produced to maximize the weekly​ revenu
vladimir1956 [14]

Answer:

2500 phones produced at $250 per phone

Max weekly revenue would be $625,000.

Explanation:

p = 500 - 0.1x

p is the price per unit

revenue = quantity * price/unit  

R(x) = revenue = p(x)*x = 500x - 0.1x²

p(x) maximum when first derivative is set to 0

500 - 0.2x = 0 ==> x = 500/0.2 = 2500 quantities

price/unit : p = 500 - 0.1*2500 = 500 - 250 = 250

revenue :  

r(2500) = 500*2500 - 0.1*2500²

r(2500) = 2500(500 - 250) = 625000

The company should produce 2500 phones each week at a price of $250

The maximum weekly revenue is $625000

6 0
3 years ago
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