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Minchanka [31]
2 years ago
7

Which lender most likely offers the best options on a short-term loan?

Business
1 answer:
DochEvi [55]2 years ago
3 0

Answer:

a. payday lender. a company that lends customers small amounts of money at high interest rates, on the agreement that the loan will be repaid when the borrower receives their next paycheck.

Explanation:bc none of the other answers make sense, like a mortgage lender? thats for owning a house. a title lender is A loan that requires an asset as collateral is known as a title loan. ... Title loans are usually taken on by individuals needing cash fast or those in financial difficulties. The costs of title loans are exorbitant and they are considered a bad financing option.  and a bank or credit union is used to take money or put money into a bank. so if it isnt a its d. but im 99% sure. yw :))

You might be interested in
1) A global company can be headquartered anywhere, but usually most of its employees come
Svetradugi [14.3K]

Answer:

False

Explanation:

A global company is a country that extends beyond the boundaries of the country of origin to carry out business activities but still maintain a consistent practice with the origin company

However , despite the its presence in other countries , the headquarters remains in the country of origin.

Moreover , it does not need to depend on the employees from the home country but rather from the host country.

8 0
3 years ago
Farr Company purchased a new van for floral deliveries on January 1, 2020. The van cost $56,000 with an estimated life of 5 year
marta [7]

Answer:

The balance of the Accumulated Depreciation account at the end of 2021 is $26,880

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total asset cost - salvage value =  $56,000-$14,000 = $42,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2020 = 40% x $42,000  = $16,800

At the beginning 2021, the Depreciable cost's book value is $42,000-$16,800 = $25,200

Depreciation expense for 2021 = 40% x $25,200 = $10,080

The balance of the Accumulated Depreciation account at the end of 2021 = $16,800 + $10,080 = $26,880

8 0
3 years ago
On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $64,000
Svet_ta [14]

Answer:

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

Explanation:

"determined that there should be an allowance for uncollectible accounts of $5,150 at December 31, 2022."

We need to recognize as much bad debt as it need to leave the allowance balance on our expected uncollectible account.

balance for allowance before adjsutment:

beginning - write-off = unadjusted allowance

1,250 - 2,600 = -1,350

expected balance - unadjusted balance = adjustment

                5,150      - (-1,350)                     =  6,500

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

5 0
2 years ago
Short definition for business cycle ?
DiKsa [7]
A cycle or series of cycles of economic expansion and contraction.
4 0
3 years ago
Charles Johnson has to make a deposit in his savings account. He has one $20 bill, two $5 dollar bills, seven $1 bills, six quar
ivolga24 [154]

Answer:

Total deposit is $39

Explanation:

Given

\$20\ bills = 1

\$5\ bills = 2

\$1\ bills = 7

Quarters = 6

Dimes = 5

Required

Determine the total

To do this, we simply multiply each dollar bill or coin with its frequency and add up the results.

i.e.

Total = 1 * \$20 + 2 * \$5 + 7 * \$1  + 6 * Quarters + 5 * Dimes

Total = \$37  + 6 * Quarters + 5 * Dimes

1\ quarter = \$0.25

1\ dime = \$0.1

So:

Total = \$37  + 6 * \$0.25+ 5 * \$0.1

Total = \$37  + \$2

Total = \$39

8 0
3 years ago
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