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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:

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Suppose that the demand and price for a wrist watch are related by the following equation:
Natasha2012 [34]

Answer:

a. $28

b. $19

c. 800 watches

Explanation:

The equation is

p = D(q) = 28 - 2.25

The equation of the demand would be

P = 28 - 2.25q

a. The price would be

= $28 - 2.25 × 0

= $28 - 0

= $28

b. The price would be

= $28 - 2.25 × 4

= $28 - 9

= $19

The quantity demanded is come in hundreds so we take only 4

c. The quantity woul dbe

$10 = $28 - 2.25q

$10 - $28 = -$2.25q

-$18 = -$2.25q

So q would be

= 800 watches

4 0
3 years ago
How much will we end up buying?
makvit [3.9K]
I think its 500 cause yes
4 0
3 years ago
For an investment in a stock, the probability of the return being –10.0% is 0.3, 10.0% is 0.4, and 30.0% is 0.3. given the proba
Nataliya [291]
The expected return will be given by:
E(R)=Total sum of the expected return
E(R)=-0.1*0.3+0.1*0.4+0.3*0.3
E(R)=-0.03+0.04+0.09
E(R)=0.1=10%

We therefore conclude that the expected return is 10%
4 0
3 years ago
Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. During 2021, equipment wit
suter [353]

Answer:

C. New equipment was purchased for $145,000 cash. d. A $29,000 note was paid at maturity on January 1 e. On January 1, 2021, bonds were sold at their $58,000 face value. f. Common stock ($45,000 par) was sold for $65,000. 9. Net Income was $90,000 and cash dividends of $50,000 were paid to shareholders. Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (.e., 10,000 should be entered as 10).) WRIGHT COMPANY Statement of Cash Flows For the year ended December 31, 2021 (s in thousands) Cash flows from operating activities Cash inflows Cash outflows Net cash flows from operating activities Cash flows from investing activities

Explanation:

8 0
3 years ago
Tori and Scott have applied for an $8,000 installment loan to pay for a new car. They are told that the loan is approved and the
maks197457 [2]

Answer: They have already signed the contract with the first deal and now the only option to them is to take the original deal since they have already signed the contract which means they now have a legal duty to that first dealer .

Explanation:

What is legal duty?

Legal duty is a legally binding obligation on a contract to follow the law when doing something towards the other part. Since they have signed it is legally binding that they now take the original deal or the first deal.

6 0
3 years ago
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