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Ket [755]
3 years ago
14

General motors and chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because

Business
1 answer:
ozzi3 years ago
6 0
<span>General motors and Chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because </span>their costs got out of control, causing their total costs to exceed their total revenues.
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What is true about the payments with closed-end credit?
denis-greek [22]

Answer:

C)They remain the same until the credit is paid off.

Explanation:

In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.

The most common types of closed-end credit are mortgages and car loans.

For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.

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3 years ago
In order to hold a hearing, the Superintendent must give how many days notice to the producer being investigated?
lorasvet [3.4K]
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2 years ago
Emily, while driving a car manufactured by Toyosan, suffered a side impact collision from another driver. Despite the fact that
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7 0
3 years ago
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As customers of pierre’s dress shoppe prepared their wardrobes for winter, they purchased all of the long-sleeved dresses he had
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What gives the us government the right to collect taxes?
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The sixteenth amendment 
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