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3 years ago

The bank allows you to borrow money up to a specific amount

Business

2 answers:

aleksandrvk [35]3 years ago

8 0

Answer:

Revolving credit.

credit.

Explanation:

In "revolving credit", the bank allows you to borrow money up to a specific amount, which is your "credit".

Ulleksa [173]3 years ago

6 0

Revolving credit/credit.

Hope I helped you :3

I think my answer is correct :>

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solniwko [45]

Hey there!

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3 years ago

Parker & stone, inc., is looking at setting up a new manufacturing plant in south park to produce garden tools. the company

Setler [38]

The initial investment is the total amount spent or the amount of cash outflow.

The initial investment here is -

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4 0

3 years ago

Each firm in a competitive market has a cost function of: Upper C equals 25 plus q squared, so its marginal cost function is M

Effectus [21]

Answer and Explanation:

The computation is shown below:

TC = 25 + q^2

Now

Marginal cost is

= dtc ÷ dQ

= 2q

Average variable cost (AVC) = q

We Assuming perfect competition so there is a free entry so no profits

Therefore

ATC = P

ATC = TC ÷ q

= q + 25 ÷ q

Now

MC = MR = P = ATC

2q = q + 25 ÷ q

q = 25 ÷ q

q^2 = 25

So, Quantity per firm = q = 5

Now

P = MC = MR = ATC

= q + 25 ÷ q

= 5 + 25 ÷ 5

= 5 + 5

= 10

hence, equilibrium price is 10

Now

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= 35 – 10

= 25

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3 0

3 years ago

Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease

babymother [125]

Answer and Explanation:

Lease Cash Effective Decrease in Outstanding

Payment Payment Interest Balance Balance

$ 34,600

1 $ 8,000 $ 3,460* $ 4,540** $ 26,600

2 $ 8,000 $ 2,660 $ 5,340 $ 21,260

3 $ 8,000 $ 2,126 $ 5,874 $ 15,386

4 $ 8,000 $ 1,539 $ 6,461 $ 8,925

5 $ 8,000 $ 893 $ 7,108 $ 1,818***

6 $ 2,000 $ 182 $ 1,818 $ -

*34600 x 10%

**8000-4540

***8000-7108

Interest rate = interest on second lease payment/outstanding balance after 1st payment x 100

Interest rate = 2660/26600 x 100

Interest rate = 10%

5 0

3 years ago