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
castortr0y [4]
3 years ago
7

Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lender did not need her credit h

istory. If she does not pay back the loan within three weeks, she will have to pay an extra $50. Raina says the loan is an example of easy-access credit while Maura says it is an example of open-end credit. Which statement about the loan is correct?
Raina is correct because the loan is a line of credit.
Maura is correct because the loan has an interest rate.
Raina is correct because the loan has a large fee if it is not repaid on time.
Maura is correct because the loan does not have an annual fee.
Business
1 answer:
Luba_88 [7]3 years ago
7 0

Answer:

It would be A) Raina is correct because the loan is a line of credit.

Explanation:

You might be interested in
The ________ technique fits situations where more recent events carry greater influence. a. dynamic forecasting b. moving averag
zheka24 [161]

Answer: a. Dynamic forecasting

Explanation:

Dynamic forecasting has to do with when the forecasted value or the predicted value of the dependent variable that us lagged in a research is used rather than using the actual value.

The dynamic forecasting technique fits situations where more recent events carry greater influence.

4 0
3 years ago
A company has the following expenditures during the year. Advertising $ 100,000 Employee training 80,000 Customer outreach and c
alukav5142 [94]

Answer:

$0

Explanation:

Given that

Advertising expenses = $100,000

Employee training  = $80,000

Customer outreach and consultation = $50,000  

Since it is mentioned that this cost would be increased the fair value of the entire company by  $325,000  

So there is no information related to the takeover of the business so in this case, the goodwill recognized by the company is zero

7 0
3 years ago
The process of posting is the transfer of debits and credits from the a.ledger to the journal. b.journal to the ledger. c.T acco
antiseptic1488 [7]

Answer:

The correct answer is letter "B": journal to the ledger.

Explanation:

The activity in which accountants transfer information from the journals to the general ledger is called posting. By posting, only the balances are transferred to the general ledger, not individual transactions. There are no set intervals in which postings should be made. It depends on how often the activities of the company requests it.

6 0
3 years ago
An increase in investment can lead to a greater increase in aggregate demand if the value of the spending multiplier is?
soldier1979 [14.2K]

If the spending multiplier is greater than 1, an increase in investment may result in a greater increase in aggregate demand.

The aggregate demand simply rises as a result of an increase in investment when the spending multiplier is said to be greater than one, in essence.

What is Spending Multiplier ?

  • The spending multiplier is seen in terms of economics as a ratio between the change in GDP (Gross Domestic Product) and the change in autonomous expenditure.
  • With the use of an income and spending model, it may be easily shown visually. The value produced by a government's expenditure is said to exceed the amount of such expenditure.

To learn more about Spending Multiplier, visit - brainly.com/question/16887443

#SPJ4

8 0
2 years ago
ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $10,000 a
BigorU [14]

Answer:

$77,217

$11,289

Explanation:

Fist we will calculate the present value of $10,000 payment

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. The value of the annuity is also determined by the present value of annuity payment.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where

P = Annual payment = $10,000

r = rate of return = 10% / 2  = 5%

n = number of period = 5 years x 2 semiannual payments per year = 10 payments

PV of annuity = $10,000 x [ ( 1- ( 1+ 0.05 )^-10 ) / 0.05 ]

PV of Annuity = $77,217

Now we will use the discounting method to calculate the present value of lump sum payment of $20,000

Present value = Future value x Present value factor

PV = FV x ( 1 + r )^-n

PV = $20,000 x ( 1 + 0.1 )^-6

PV = $11,289

6 0
4 years ago
Other questions:
  • While price is often the activation point that gives people the reason to subscribe and come back to groupon, consumers are real
    15·1 answer
  • A firm's ________ reports the profit or loss for the firm over a specified time period.
    14·1 answer
  • Why do consumers benefit from free trade and the resulting competition between businesses?
    6·1 answer
  • Which of the following policies is most likely to encourage innovation, higher quality goods, and lower prices?
    15·1 answer
  • If Rina's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions deman
    15·1 answer
  • The General offers automobile insurance online. Buyers can purchase a policy over the Internet and the company will provide imme
    9·1 answer
  • Cody Company has a loss contingency. The company's legal council's opinion is that the contingency is probable and that they est
    12·1 answer
  • Martina invested her savings into her business when she started it. later she added more capital and she has kept some of her pr
    5·1 answer
  • The cornerstone of the _____ system is one-stop service delivery, which unifies numerous training, education, and employment pro
    5·1 answer
  • Income Statement Wayne Corporation had the following revenue and expense account balances (in millions) for a recent year ending
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!