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miskamm [114]
3 years ago
6

Identify the source of a consumer loans given below.

Business
1 answer:
Rus_ich [418]3 years ago
4 0

Answer:

a. Commercial banks ⇒ Loans from these institutions are in high demand but given only to those who are good credit risks.

b. Consumer finance companies ⇒ These institutions are known as small loan companies with most loans for $5000 or less.

c. Credit unions ⇒ These are nonprofit organizations whose loan interest rates are relatively low.

d. Savings and associations ⇒ These institutions mainly make mortgage loans.

e. Sales finance companies ⇒ These institutions generally offer higher interest rates than many other types of institutions because the vendor of the item being financed arranges the financing and must be paid for that service.

f. Life insurance companies ⇒These institutions usually carry variable interest rates and need not be paid back.

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With respect to motivation research, which of the following is a technique in which small numbers of people with similar backgro
leva [86]

Answer:

C. focus group

Explanation:

Focus group is a market research technique in which a group of few people is selected to identify the feedback of certain product or identify the consumer preferences before launch of certain product.

The best strategy for motivation research with small number of people with similar background is focus group. This is suitable for research to identify interests of people who are similar in nature and belongs to similar backgrounds.

6 0
3 years ago
On May 1, Carlisle Co. sold inventory to a customer for $1,000 2/10, n/30. Carlisle Co. uses the gross method for reporting sale
igomit [66]

Answer:

The Net Sales that will reported on the Income Statement from these transactions is $1,000.

Explanation:

The term "2/10, n/30" implies that the customer will enjoy a 2% discount if it pays within 10 days but must pay the total amount within 30 days.

However, customer paid on May 20 which is outside the 2% discount period. This implies the customer did not enjoy the 2% discount. That is, the customer paid the full amount of $1,000. Therefore, the net sales is $1,000 from these transactions.

Therefore, the Net Sales that will reported on the Income Statement from these transactions is $1,000.

5 0
3 years ago
What is universal default?
nikitadnepr [17]

Answer:

<em>Universal default is the term for a practice in the financial services industry in the United States for a particular lender to change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that lender is informed that their customer has defaulted with another lender, even though the customer has not defaulted with the first lender.</em>

<em></em>

<em>mark me as brainly </em>

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3 years ago
Which best describes the benefits of renting a home?
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