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tamaranim1 [39]
3 years ago
10

This type of credit is described as a specific amount of money that typically includes

Business
1 answer:
Tamiku [17]3 years ago
6 0

Answer:

Installment

Explanation:

In installment credit, the borrower makes periodic, fixed, and scheduled loan repayments. The loan has a set timeline by which it ought to be fully repaid. The periodic repayments( installments) are mostly monthly. The installment amount is predetermined and includes the principal amount and an interest component.

Every installment payment reduces the loan balance. The borrower continues making payments until the entire loan is repaid. Installment contrasts with revolving loan type. Under the revolving loan, the lender sets a loan limit for the borrower. The borrower can borrow as many times as long as they are below the set limit.

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After visiting several automobile dealerships, Richard selects the car he wants. He likes its $10,500 price, but financing throu
Len [333]

Answer:

a) Total Interest Paid in 24 months is $1680

b) Total Cost of the car is $12180

c) Monthly Payment is $420

d) Annual Percentage Rate  is 10.47%

Explanation:

(a) Loan Amount = $8400

Interest Rate = 10%

Monthly Interest = 8400 x (10%/12)

                            = $70

Total Interest Paid in 24 months = 24 x 70

                                                     = $1680

(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment

                                       = 8400 + 1680 + 2100

                                        = $12180

(c) Monthly Principal Payment = 8400/24

                                                  = $350

Monthly Payment = Monthly Interest Payment + Monthly Principal Payment

                              = 70 + 35

                              = $420

(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1

                                              = 0.1047

                                               = 10.47%

7 0
3 years ago
Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department
anastassius [24]

Answer:

A debit to Work-in-Process Inventory, Finishing Department of $140,000.

Explanation:

$140,000 will be credited to Work-in-Process Inventory, Mixing Department and debited to Work-in-Process Inventory, Finishing Department.

Finishing department is a process department. Finished goods are debited only when goods are transferred from the last processing department to finished goods.

Calculations

Cost per units transferred $                4.00

Units transferred 3.500

Total cost of units transferred $ 1,40,000.00

8 0
4 years ago
When cleaning a minor wound with gauze, which method should be used?
iragen [17]
The answer is "<span>A circular motion from the center of the wound out to the outer edge".
</span>
Any wound or injury is a break in the surface of the skin, bringing about a potential for bacterial tainting. Legitimate injury purging can enhance wound healing while at the same time evacuating debris and dry release, keeping dressing buildups from backing off the recuperating of the wound.Gauze swabs and cotton fleece can be utilized for cleaning, however ought not be left in delayed contact with a healing wound. This is on account of they can shed filaments and cling to the recuperating wound surface, making further harm the injury upon evacuation.
8 0
3 years ago
Which sentences in this paragraph describe two government policies that liberalize the economy?
Gnoma [55]

Answer:

(A) "So, the government decides to reduce the tariffs on imported raw materials."

(B) "It also introduces special economic zones where certain goods can be traded tax-free."

Explanation:

Liberal economic policies usually revolve around deregulation of many governmental policies, since advocates tend to prefer a market that is as free as possible – meaning, it is free of governmental influences. Liberal economy is also a form of capitalism, and thus they would support (A) and (B) most, since it reduces barriers for businesses to operate at a profit.  

They would not support (C) and (D) since these two concepts are instead socialist economic policies.  

8 0
4 years ago
You work for a drywall company and are trying to secure a contract with a large commercial builder. The purchasing agent from th
lbvjy [14]

Answer:

B

Explanation:

Bypassing is a type of communication barrier were two people communicating think they understand each other but actually they miss each other's meaning.

I and the purchasing agent thought we had effectively communicated and set up a meeting but in reality, we hadn't agreed on a meeting venue.

5 0
3 years ago
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