All categories

3 years ago

Government regulations on credit aim to:

Business

2 answers:

Nimfa-mama [501]3 years ago

8 0

Answer:

C. Support those borrowing credit.

Explanation:

Government regulations on credit aim to support those borrowing credit because there should be controls in place to avoid financial institutions to take advantage of borrowers with credit conditions that are bad for them. Also, to avoid that individuals take a lot of credits that they won't be able to pay back and that will led financial institutions to bankruptcy. Because of that, governments put regulations in place to protect consumers.

Dominik [7]3 years ago

4 0

B. Help borrowers pay on time.

You might be interested in

A company’s past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, an

Naddika [18.5K]

Answer:

$213,250

Explanation:

The calculation of cash inflow is shown below:-

Expected cash collections

For the month of June

Months Sales Percentage Expected collections

April $282,500 5% $14,125

May $213,750 30% $64,125

June $225,000 60% $135,000

Total collection in the month of June $213,250

Here we assume Sales for April$282,500, May $213,750 and June $225,000.

Please ignore the last value as it is not relevant to the question

4 0

2 years ago

A bookstore organizes its stock by topic. It has a mystery novel section, a romance novel section, a how-to-do-it section, a tra

ANEK [815]

Answer:

The correct answer is the second option: Item usage book cover.

Explanation:

To begin with, in the field of business management that focus specifically in the bookstores when they talk about an "item usage book cover" presentation it means that the managers decide to organize the stock by topic and that is related to the book cover and therefore to its item so that is why that they would have a mystery novel section, a romance novel section and much more of that. So every customer will understand inmediately that the bookstore is structured by the item of the book that could be easily recognize sometimes with its cover.

8 0

2 years ago

Maxim Corp. has provided the following information about one of its products:Date Transaction Number of Units Cost per Unit1/1 B

Vesnalui [34]

Answer:

$101,904.6

Explanation:

The computation of the cost of goods sold using the average cost method is shown below:

Beginnig Inventory 285 at $157 = $44,745

Purchases 485 at $177 = $85,845

Purchases 185 at $217 = $40,145

Total cost = $170,735

Now

Total number of units is

= 285 + 485 + 185

= 955

Now

Average Cost per unit is

= $170,735 ÷ 955

=$ 178.78

And, finally

Cost of goods Sold is

= 570 × $178.78

= $101,904.6

3 0

2 years ago

Daphne, a victim of identity theft, can’t currently qualify for a loan but wants to buy her friend’s condo for $90,000. She coul

stiks02 [169]

Answer:

an option agreement. 

Explanation:

The option agreement in the arena of financial derivatives is a contract between two parties that gives one party the right, but not the obligation, to buy an asset from the other party or to sell an asset to the other.

It outlines the agreed-upon price and the transaction's future date.

8 0

3 years ago

Assuming giftedness is defined only as scoring in the range of two standard deviations or more above the mean on an intelligence

inn [45]

Basing ourselves on probability and test measures alone, and assuming it has a normal distribution, we should expect for less than 1% of children being gifted, however we need to take into account that giftedness is subjective and cannot be objectively measured by tests alone

5 0

3 years ago