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Marina CMI [18]
3 years ago
9

Conduct online research and find three different types of loans that are available to consumers. For each loan, describe its fea

tures and benefits
along with the costs and risks of the loan. Fill out the table using the information you gathered.
Loan 1
Loan 2
Loan 3
Type of loan
Features/benefits
Costs
Risks

Business
1 answer:
asambeis [7]3 years ago
3 0

Answer:

 

Type of loan <u>credit card</u> unsecured loan <em>retail financing</em>

Features/benefits <u>miles toward travel; no fixed maturity date</u> no collateral is necessary; no fixed maturity date <em>no payment due for the first six months </em>

Costs <u>interest rate of 11 percent</u> interest rate of 10 percent <em>interest rate of 17 percent </em>

Risks <u>can rack up debt quickly; penalties for late or missed payments  </u><em>relatively little risk to the consumer</em> <em> must be paid off in five years , the minimum payments with interest are extremely high</em>

Explanation:PLATO ANSWER

Credit card info is underlines

Unsecured loan is bold

retail financing is in italics

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Loughry Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The
Andreyy89

Answer:

The correct option is D. $7,124

Explanation:

To compute the catering supplies amount, the following items need to be considered. along with this, the computation is also shown:

= Catering supplies + Job cost + meal cost

where,

Catering supplies are $530 per month

Job cost = Per job cost × expected number of jobs

              = $114 × 25 jobs

               = $2,850

Meal cost =  Per meal cost × expected number of meals

                 = $16 × 234 meals

                 = $3,744

Now put these values to the above formula

So, the answer would be equal to

= $530 + $2,850 + $3,744

= $7,124

The actual activity is not consider. Thus, it is ignored.

Hence, The catering supplies in the flexible budget for October would be closest to $7,124

Therefore, the correct option is D. $7,124

5 0
3 years ago
Related to the Economics in Practice on page​ 77: If a hurricane results in the supply of hotel rooms decreasing and the demand
UkoKoshka [18]

Answer:

Increases; Ambiguous effect on equilibrium quantity

Explanation:

This situation states that the supply of hotel rooms decreases and the demand for hotel rooms increases due to the hurricane, so this change will shift both the supply curve and the demand curve in the hotel rooms market.

This will shift the supply curve leftwards and demand curve rightwards, therefore as a result, there is an increase in the equilibrium prices and the effect of this change on the equilibrium quantity is ambiguous because that will be dependent upon the magnitude of the shifts of demand and supply curve.

5 0
3 years ago
The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be
zimovet [89]

Answer:

b

Explanation:

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What is a promotional strategy?
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Answer:

Promotional strategy is designed to inform, persuade, or remind target audiences about those products.

Explanation:

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3 years ago
Read 2 more answers
Production and sales estimates for June are as follows:
anastassius [24]

Answer:

Production= 13,000

Explanation:

Giving the following information:

Estimated inventory (units), June 1 18,500

Desired inventory (units), June 30 19,000

Expected sales volume (units):

Area X 3,000

Area Y 4,000

Area Z 5,500

Total= 12,500

To calculate the production for the period, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 12,500 + 19,000 - 18,500

Production= 13,000

5 0
3 years ago
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