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.
the answer is B, hope this helps.
Answer:
C. the FIFO method separates the work done during the current period to provide measurements of work done during the current period.
Explanation:
When you are calculating production costs and equivalent units, FIFO method only focuses on the goods produced during the accounting period and basically doesn't consider previous costs associated to beginning inventory. On the other hand, the weighted average method includes both current costs and costs associated to beginning WIP.
Answer:
The correct option is B.
Explanation:
The marginal benefit is the maximum amount which a person or individual is willing to pay in order to have an additional service or benefit. It is the additional satisfaction, which the person receives when an additional service or good is purchased.
So, in this case, Cassie need or require some special fabric which cost her $200 that is the additional amount she need to pay in order to complete the task. But alternatively, she could sell the quilt for $900. Therefore, she had a marginal benefit of $900, if sells the quilt as is now.
Answer:
True
Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.
