1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet-ann [11.9K]
3 years ago
7

Why would you want to offer a down payment on an item such as a car or a house?​

Business
2 answers:
Aliun [14]3 years ago
8 0

Answer:

A down payment helps the buyer to obtain ownership of the property or vehicle and also helps them to reduce the monthly payment towards the mortgage principal and interest. The buyer can get a lower interest rate by paying a higher down payment.

CaHeK987 [17]3 years ago
3 0
When you buy expensive items with a loan, you often need to make a down payment to cover a portion of the purchase price. That initial payment is often critical for getting approved, and it can affect your borrowing costs throughout the life of your loan. As a result, it’s wise to understand how down payments work so you can choose the right down payment amount.
You might be interested in
Why should people who are moving in together consider creating a roommate agreement?
jonny [76]

Answer:

The correct answer is letter "B": It formalizes the logistics agreed upon by the roommates in the case of a dispute.  

Explanation:

Roommate relationships might not always be harmonious. In most cases, people have roommates with the only purpose of sharing rent expenses. Aside from that, they are unlikely to have another bond. Thus, some conflicts could arise as a result of dealing with strangers.

To avoid major inconveniences, a roommate agreement should be signed among the individuals sharing the apartment so in the document, they formally establish the responsibilities and limits they have by sharing the same department and, in front of problems, the document will make it easier to determine who could be at fault.

4 0
3 years ago
Sophie Bennett has met the deductible for her doctor's visits. However, her insurance company requires her to pay 20% of all exp
aliina [53]
The correct answer is:  [C]:  "coinsurance" .
___________________________________________________
4 0
3 years ago
The double-entry principle in the balance-of-payments
Sliva [168]

Answer:

The Current account is for goods and services.

The Financial account is for exchange of currencies and financial assets across countries.

Miguel, a U.S. resident, buys an HDTV set for  $2,500 and sends it to Mexico as a gift to his parents. <u>DEBIT CURRENT ACCOUNT. CREDIT CURRENT ACCOUNT. </u>

Miguel buys the good in the U.S. and then sends it so this falls under the current account alone.

Arielle, a French tourist, stays at a hotel in San  Francisco and pays $400 for it with her debit  card issued by a French bank. <u>DEBIT FINANCIAL ACCOUNT. CREDIT CURRENT ACCOUNT. </u>

The Financial account should be debited to show that currency is coming into the U.S. from outside the country and current account should be credited for services rendered.

A U.S. computer manufacturer purchases hard  drives from a Korean company, paying the funds  from its bank account in Korea. <u>DEBIT CURRENT ACCOUNT. CREDIT FINANCIAL ACCOUNT. </u>

Current account should be debited to reflect that goods are coming into the country but the financial account should be credited to show that currency is leaving the ownership of an American entity so it is passing out of American hands.

3 0
3 years ago
Activity Cost Activity Allocation Base Allocation Rate
Flura [38]

Answer:

Following is attached the solution to each part of the given question.

I hope it will help you a lot!

Explanation:

3 0
3 years ago
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and
Nat2105 [25]

Answer:

huh.............................................................................................

6 0
3 years ago
Other questions:
  • You have just received notification that you have won the $2.04 million first prize in the Centennial Lottery. However, the priz
    14·1 answer
  • Charlie and Sally are contending parties to a lawsuit involving the division of their inheritance from their grandmother. They w
    14·1 answer
  • Because __________ often provide little benefit to consumers, governments have, at times, been asked to rebalance markets and re
    8·1 answer
  • A​ ________ is a document manufacturing production personnel use to request that the itemized materials be sent from the storero
    5·1 answer
  • Total product is the total​ _____ of a good produced in a given period.
    10·1 answer
  • Say I have a wallet that contained either a $2 bill or a $20 bill (with equal likelihood), but I don’t know which one. I add a $
    13·1 answer
  • The decisions concerning an organization's goals and future plans are called a. tactical decisions. b. strategic decisions. c. o
    9·1 answer
  • One primary difference between services and the production of goods is that services are consumed _____ whereas goods can be ___
    9·1 answer
  • 16. A type of card that allows the card holder to spend a certain amount of money without ever having to pay it back?
    11·1 answer
  • We opened the doors to Data Driven Donuts last year. What type of analysis tells us how we performed the first year?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!