Homework Answers
The correct answer is Closed end credit
Explanation : - Consumer credit is classified into two types i.e. installment credit and non-installment credit. Installment credit is also known as closed end credit and in this type of credit the consumer must pay the outstanding amount plus the interest in a specified number of equal payments. The equal payments is known as installment and the payment is usually done monthly.
Add Answer to:
Molly purchased a $1,500 dishwasher from Best Appliances. She will make 12 equal payments over the...
Ruby will receive 12 payments of $X every six months, beginning six months from today. If...
Ruby will receive 12 payments of $X every six months, beginning six months from today. If the present value of all 12 payments is $3670, find the payment amount $X, given an effective annual interest rate of 9%. Select one: a. $490 O b. $400 c. $275 OOO o d. $325 e. $530 O Today, Sohla made a $1200 investment, which will pay 15% annual interest. How much MORE money will she have after seven years, if she earns compound...
In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate...
In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 5% annual...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2019. She...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2019. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the...
chapter 12 series B exercises PLEASE andise on account from Sillas avice No 12,53,100, terms 1/10,...
chapter 12 series B exercises
PLEASE
andise on account from Sillas avice No 12,53,100, terms 1/10, a Company 5 Returned merchandive purchased from Tang's Toys, receiving a credit wmemo on the amount owed, $500 s Parchased merchandise on account from Daisy's Dolls, Invoice No. 139, $1,900, terms 2/10, /30. 11 Issued Check No.415 t0 Tang's Toys for merchandise parchased on account, less return of luly 5 and less 2% dincount 13 Issoed Check No. 416 to Sillas & Company for...
& Comp10-1 (similar to) E Question Help Colin Cameron Appliance-Nantucket has just purchased a franchise from...
& Comp10-1 (similar to) E Question Help Colin Cameron Appliance-Nantucket has just purchased a franchise from Colin Cameron Appliance (CCA). Click the icon to view the additional information) Following is the chart of accounts for Colin Cameron Appliance-Nantucket. As a new business, all beginning balances are SO. Colin Cameron Appliance-Nantucket completed the following transactions during 2018, its first year of operations: i (Click the icon to view the transactions ) Read the requirements. (Click the icon to view the chart...
I need to do a cash receipts, cash payments, and cash budget, and a budgeted Balance...
I need to do a cash receipts, cash payments, and cash budget,
and a budgeted Balance Sheet with the above info.
I did it myself already, but my numbers arent adding up.
Edit: the balance sheet isnt adding up. I'm having trouble on
the cash account entry. The wording on the accounts payable/accrued
liability calculation is weird(f).Yes, cash is given for the
previous quarter at 100,000.
Edit2: Did u make a balance sheet, and then realize it didnt
match? If...
These are business Law questions. QUESTION 12 Following a year of record revenue generation, Produce Packaging...
These are business Law questions.
QUESTION 12 Following a year of record revenue generation, Produce Packaging Company promised that it would give a $1,000 bonus to each employee who was on the payroll at any time during the last year. With respect to this promise, it is likely a. Enforceable, because the bonus is warranted. b. Unenforceable, because the employees have not given consideration in return. OC. Unenforceable, because Produce could have paid more. od. Enforceable, because the employees' hard...
Quich Books tAss M MULTIPLE CHOICE (2 PTS EACH) CHOOS THE BEST ANSWER 1. The Banking...
Quich Books tAss M MULTIPLE CHOICE (2 PTS EACH) CHOOS THE BEST ANSWER 1. The Banking section of the Home Page includes which flow chart? A. Payroll flowchart B. Bank Reconciliation flowchart C. Bill Pay flow chart D. None of these 2. Which financial statement below summarizes the financial position of a company? A. Statement of Cash Flows B. Profit &Loss Statement C. Balance Sheet D. Income Statement Which financial statement below summarizes a company's earnings? A. Statement of Cash...
Chapter 5 Case You are the Chief Financial Officer (CFO) for Zen Distributors Inc., a media...
Chapter 5 Case You are the Chief Financial Officer (CFO) for Zen Distributors Inc., a media broker that secures shelf space in independent bookstores for small publishing companies. As a member of the company’s executive team, you are preparing the operating budget for the fourth quarter of 2020. Your intent is to summarize the budget for team members and provide them with detailed schedules that support your overview. Zen’s general ledger provides you with current account data on September...
Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In...
Janice Morgan, age 24, is single and has no dependents. She is a
freelance writer. In January 2018, Janice opened her own office
located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called
her business Writers Anonymous. Janice is a cash basis taxpayer.
She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social
Security number is 123-45-6789. Janice’s parents continue to
provide health insurance for her under their policy. Janice wants
to contribute to the Presidential Election...
Ruby will receive 12 payments of $X every six months, beginning six months from today. If the present value of all 12 payments is $3670, find the payment amount $X, given an effective annual interest rate of 9%. Select one: a. $490 O b. $400 c. $275 OOO o d. $325 e. $530 O Today, Sohla made a $1200 investment, which will pay 15% annual interest. How much MORE money will she have after seven years, if she earns compound...
In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 5% annual...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2019. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the...
chapter 12 series B exercises
PLEASE
andise on account from Sillas avice No 12,53,100, terms 1/10, a Company 5 Returned merchandive purchased from Tang's Toys, receiving a credit wmemo on the amount owed, $500 s Parchased merchandise on account from Daisy's Dolls, Invoice No. 139, $1,900, terms 2/10, /30. 11 Issued Check No.415 t0 Tang's Toys for merchandise parchased on account, less return of luly 5 and less 2% dincount 13 Issoed Check No. 416 to Sillas & Company for...
& Comp10-1 (similar to) E Question Help Colin Cameron Appliance-Nantucket has just purchased a franchise from Colin Cameron Appliance (CCA). Click the icon to view the additional information) Following is the chart of accounts for Colin Cameron Appliance-Nantucket. As a new business, all beginning balances are SO. Colin Cameron Appliance-Nantucket completed the following transactions during 2018, its first year of operations: i (Click the icon to view the transactions ) Read the requirements. (Click the icon to view the chart...
I need to do a cash receipts, cash payments, and cash budget,
and a budgeted Balance Sheet with the above info.
I did it myself already, but my numbers arent adding up.
Edit: the balance sheet isnt adding up. I'm having trouble on
the cash account entry. The wording on the accounts payable/accrued
liability calculation is weird(f).Yes, cash is given for the
previous quarter at 100,000.
Edit2: Did u make a balance sheet, and then realize it didnt
match? If...
These are business Law questions.
QUESTION 12 Following a year of record revenue generation, Produce Packaging Company promised that it would give a $1,000 bonus to each employee who was on the payroll at any time during the last year. With respect to this promise, it is likely a. Enforceable, because the bonus is warranted. b. Unenforceable, because the employees have not given consideration in return. OC. Unenforceable, because Produce could have paid more. od. Enforceable, because the employees' hard...
Quich Books tAss M MULTIPLE CHOICE (2 PTS EACH) CHOOS THE BEST ANSWER 1. The Banking section of the Home Page includes which flow chart? A. Payroll flowchart B. Bank Reconciliation flowchart C. Bill Pay flow chart D. None of these 2. Which financial statement below summarizes the financial position of a company? A. Statement of Cash Flows B. Profit &Loss Statement C. Balance Sheet D. Income Statement Which financial statement below summarizes a company's earnings? A. Statement of Cash...
Janice Morgan, age 24, is single and has no dependents. She is a
freelance writer. In January 2018, Janice opened her own office
located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called
her business Writers Anonymous. Janice is a cash basis taxpayer.
She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social
Security number is 123-45-6789. Janice’s parents continue to
provide health insurance for her under their policy. Janice wants
to contribute to the Presidential Election...
Most questions answered within 3 hours.
-
A sock stuck to the side of a clothes-dryer barrel has a
centripetal acceleration of 24...
asked 4 minutes ago -
A perfect gas undergoes an isentropic process such that its
volume doubles. If the ratio of...
asked 23 minutes ago -
list the elements in groups 3A to 6A in the same order as in the
periodic...
asked 33 minutes ago -
Estimating effect size. Peng and Chen (2014)
evaluated effect size estimates for various tests. In their...
asked 43 minutes ago -
Write a script in MySQL that creates and calls a stored
procedure name test. This procedure...
asked 43 minutes ago -
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 54 minutes ago -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 59 minutes ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 1 hour ago -
Assume that in the short run L = 1,000 and K = 100. 1. What is...
asked 1 hour ago -
At a given temperature, 2.06 atm of H2 and 3.7 atm of Br2 are
mixed and...
asked 1 hour ago -
Sodium reacts with Hydrochloric acid to form sodium chloride and
hydrogen gas. 2Na(s)+ 2 HCl(aq)-> 2...
asked 1 hour ago -
The following circuits (1 & 2) are combined to form a
series-parallel circuit and resulting circuit...
asked 1 hour ago