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
Trava [24]
3 years ago
7

Setsuko wants to start a business of her own. She does not have enough savings, so she approaches her bank to obtain short-term

funds for operations. The bank agrees to lend her $10,000 as she has requested. In this scenario, the type of funding obtained by Setsuko can be regarded as a
Business
1 answer:
Arisa [49]3 years ago
3 0

The type of funding obtained by Setsuko is the line of credit.

The following information should be relevant for the line of credit:

  • It is treated as a flexible loan.
  • It is an amount of money i.e. defined and can be accessed whenever it is needed and after that, it could be repaid instant or over a period of time.
  • It is for a short period of time.

Since in the given situation, it is mentioned that:

  • Setsuko obtained the funds for the short term.
  • Bank lent her $10,000.

Therefore we can conclude that the type of funding obtained by Setsuko is the line of credit.

Learn more about the line of credit here: brainly.com/question/17937007

You might be interested in
A key objective of the _____ was to restore public faith and trust in the securities markets battered by the stock market crash
weeeeeb [17]
It would be the Banking act of 1933; made so that banks would be unable to invest their money so that people would have more faith in them.
3 0
3 years ago
In the current year, Joel has a passive activity loss of $15,000 from a limited partnership interest in XYZ, LP. He also has sus
anygoal [31]

Answer:

the  net impact on these items is $5,000 gain

Explanation:

The computation of the net impact on these items is as follows;

Net effect is

= Gain - Loss - suspended loss

= $50,000 - $15,000  - $40,000

= $5,000 gain

hence, the  net impact on these items is $5,000 gain

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0
3 years ago
If the net present value of the payments at the time of the leases was 88% of the actual market price and the useful life of the
Aliun [14]

Answer:

A. True

Explanation:

Examples of situations that individually or in combination would normally lead to a lease being  classified as a finance lease are:

(a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease  term;

(b) the lessee has the option to purchase the underlying asset at a price that is expected to be  sufficiently lower than the fair value at the date the option becomes exercisable for it to be  reasonably certain, at the inception date, that the option will be exercised;

(c) the lease term is for the major part of the economic life of the underlying asset even if title is  not transferred;

(d) at the inception date, the present value of the lease payments amounts to at least substantially  all of the fair value of the underlying asset; and

(e) the underlying asset is of such a specialised nature that only the lessee can use it without major  modifications.

Since at the time of lease the net present value of the payments is 88% of the actual market price and the useful life of the asset was 70% at the end of the lease term and also the title of asset shall not be transferred to lessee at the end of lease term, therefore the lease shall not be classify as finance lease and it shall be classified as operating lease so the answer is A. True

4 0
3 years ago
Graciela, who is single, reported itemized deductions of $6,450 on her 2017 tax return. Her itemized deductions included $200 of
oksian1 [2.3K]

Answer:

$100

Explanation:

Since the standard deduction for 2017 was $6,350, and Graciela only reported $100 more, she needs to report only $100 of the state tax refund. State tax refunds are not considered income unless you itemize your deductions, and in case you did, like Graciela, you must only report the amount that exceeds the standard deduction.

4 0
3 years ago
Joseph shops for sugar at the grocery store. There are two types of sugar to choose from: a two-pound bag and a five-pound bag.
ira [324]

Answer:

$4

Explanation:

Let T = number of two pound sugar bags

and F = number of five pound sugar bags

6T + 3F = 24

3T + 1F = 10

F = 10 - 3T

replace in first equation

6T + [3 x (10 - 3T)] = 24

6T + 30 - 9T = 24

6 = 3T

T = $2

F = 10 - (3 X $2) = $10 - $6 = $4

6 0
3 years ago
Other questions:
  • . Suppose you buy a five-year zero-coupon Treasury bond for $800 per $1000 face value. Answer the following questions: (a) What
    6·1 answer
  • Considering contributing $1,000 to their church. This contribution will bring their total itemized deductions to $2,000. Assumin
    5·1 answer
  • An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recup
    10·2 answers
  • The core power of personal selling, and primary source of its persuasiveness, draws from the opportunity sales people enjoy to:
    12·1 answer
  • Last week alice roe earned wages of $459.82. payroll deductions included social security for $33.19 and federal income tax of $8
    6·1 answer
  • (Economics)How is the equilibrium price found using a supply and demand graph
    8·1 answer
  • When you are making a list of careers that interest you, you should always:
    13·2 answers
  • John asked Ted why he failed to show up at the study group session. He found out that Ted had had a really tough day.
    14·1 answer
  • Which source of funding would be most appropriate if you were starting a
    11·1 answer
  • A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!