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3 years ago

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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Smith Company reported pretax book income of $419,000. Included in the computation were favorable temporary differences of $53,8

EleoNora [17]

Answer:

Smith’s deferred income tax expense or Benefit would be $10,846

Explanation:

In this question, we are asked to calculate Smith’s deferred income tax expense or benefit. We proceed as follows:

Firstly, we calculate the net favorable temporary difference.

Mathematically, the net favorable temporary difference = Favorable temporary difference - Unfavorable temporary difference.

From the question, we can identify that:

Favorable temporary difference = $53,800

Unfavorable temporary difference = $21,900

Hence, the net favorable temporary difference = $53,800 - $21,900 = $31,900

Now, using a tax rate of 34%, Smith’s deferred income tax expense or Benefit would be 34% of $31,900

= 34/100 * 31,900 = $10,846

6 0

3 years ago

Net income is ________. Question 7 options: A) not cash flow B) earnings before interest and taxes C) the cash flow from the ope

victus00 [196]

Answer:d the increase or decrease in cash flow for the period of time

Explanation:

It’s the amount gained and lost in the amount of time they were in business

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3 years ago

The ability to perform more than one complex encoding tasks simultaneously demonstrates the importance of

lys-0071 [83]

The ability to perform more than one complex encoding tasks simultaneously demonstrates the importance of automatic processing. Automatic processing does not require attention to be paid and deliberately to be put in effort. Something that is done <span>without giving it any thought is automatic processing. </span>

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3 years ago

Read 2 more answers

Both the chart of accounts and the ledger __________. A. list the account names and numbers of the business B. provide the bala

Marizza181 [45]

Answer: (A) List the account names and numbers of the business.

Explanation:

The chart of the account is basically a listing of name of an account in which the company identified availability for the recording transaction in the general ledger. The company has high flexibility for tailor its both chart of account and ledger for its need and including accounts according to its particular needs.

The charts of the accounts has large and complex as company itself. The organization chart properly serve the outline for the accounting for the chart of account and the number of business.

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4 years ago

The process of planning, collecting, and analyzing data relevant to a marketing decision is called?

mixas84 [53]

The process of planning, collecting, and analyzing data relevant to a marketing decision is called Marketing research.

Market research is the practice of evaluating the viability of a new service or product by interviewing prospective customers firsthand. Market research enables a business to identify the target market and obtain consumer comments and other input regarding their interest in the good or service.

This kind of research can be carried out internally, by the business itself, or by an outside market research firm. Surveys, product testing, and focus groups are all viable methods. Typically, test subjects receive free product samples or a small stipend in exchange for their time. The development of a new product or service requires extensive research and development (R&D).

Learn more about marketing research here:

brainly.com/question/14663280

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2 years ago