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
vova2212 [387]
3 years ago
6

Prompt What is a loan?

Business
2 answers:
Nadusha1986 [10]3 years ago
5 0

Answer:

in finance a loan is the leading of money by one or more individuals organizations or other entities to other individuals organizations act the repentant incurs a debt is usually liable to pay interest on the debt until it is repaid as well as we pay the principal amount borrowed.

AfilCa [17]3 years ago
4 0

Answer:

In fact these loans are basically short term loans which do not require any collateral pledging to get its approval. ... Instead, the criterion for availing these loans is very simple.

You might be interested in
The chart describes four people’s credit histories. Creditworthy Criteria Name Description of Credit History Ellie Has more debt
GrogVix [38]
Eesha is the one who is creditworthy.
7 0
2 years ago
Read 2 more answers
When you choose to live with a roommate on a collage campus, you can live there for free. True or False?
Sergeu [11.5K]

Answer:

False

Explanation:

You just split everything 50-50

5 0
3 years ago
When are product costs included on the income statement?
ioda

Answer:

The correct answer is D. When the product is sold and delivered to a customer.

Explanation:

It is recognized at the time of the sale, because the company receives an income as a result of the recovery of its cost plus the established profit margin. When the sale has not been made, it remains within the product inventories until the sale occurs and becomes an operational income.

4 0
2 years ago
Ben sold his townhome on March 12. The property is subject to an HOA fee of $355 per month, which Ben prepaid for the month of M
Dvinal [7]

Answer:

$213

Explanation:

For computing the owed amount, first we have to compute the daily rate per day which is shown below:

= HOA fee ÷ number of days in a month

= $355 ÷ 30 days

= 11.83 per day

We know that the number of days in a month is 30 days and the townhome is sold on March 12, so the remaining days would be 18 days ( 30 days - 12 days of march month)

Now the owed amount would be

= Remaining days × per day rate

= 18 days × 11.83

= $213

8 0
2 years ago
At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subjec
earnstyle [38]

Answer:

procedural unconscionability

Explanation:

Since Nate is finding the language of the contract difficult to understand. This is most likely a case of procedural unconscionability.

In contract law, procedural unconscionability refers to a situation where the unconscionability results from <u>inequalities between the parties in respect of age, intelligence,</u> and relative bargaining power.

Furthermore, procedural unconscionability projects an indication that both parties did not freely consent to all terms proposed.

7 0
3 years ago
Other questions:
  • True or false: the price consumers pay will be higher if the tax were imposed on producers.
    12·1 answer
  • When a firm does not have the resource required for pursuing a growth strategy, and if the resource in question is not easily tr
    12·1 answer
  • In a period of rising prices, the inventory method that produces the lowest ending inventory is the:
    8·1 answer
  • Lori's Company has the following​ items: cash in a checking​ account, $ 6 comma 000​; cash in a savings​ account, $ 9 comma 000​
    13·2 answers
  • Assuming that a is positive, theories of short-run aggregate supply are expressed mathematically as a. quantity of output suppli
    15·1 answer
  • On June 30, Collins Management Company purchased land for $460,000 and a building for $520,000, paying $360,000 cash and issuing
    8·1 answer
  • The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour; employees were paid $5.00 per hour.
    15·1 answer
  • Define equilibrium price, demand schedule, and supply schedule. Then, briefly explain how demand and supply schedules are used t
    6·1 answer
  • What is the economic order quantity if annual demand is 100 units, the order placement cost is $25, and the holding cost per uni
    5·1 answer
  • The general rule for using the weighted average cost of capital (WACC) in capital budgeting decisions is to accept all projects
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!