What are the two basic types of credit? Describe and distinguish between them.
Question:
What are the two basic types of credit? Describe and distinguish between them.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
The two basic types of credit are consumer loans and revolving cred...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 978-1259453144
6th Canadian edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
Question Posted:
Students also viewed these Corporate Finance questions
-
What are the two basic types of capital cost allowance classes?
-
What is the distinction between a real asset and a financial asset? What are the two basic types of financial assets, and what does each represent?
-
What are the two basic question types used on questionnaires?
-
In July 2009, Malcolm bought a piece of land for 40,000. In June 2016 he sold part of the land for 11,000. This disposal was not caused by a compulsory purchase and was his only disposal of land in...
-
In examining financial statements, financial analysts often write off goodwill immediately. Comment on this procedure.
-
Dot has received a special order for 2.700 units of its product at a special price. The product normally sells for $260 and has the following manufacturing costs: Per unit $ 64 Direct materials...
-
Caring for a disabled or sick child can be taxing to say the least. Using the PewHealth dataset, create a crosstab that addresses this question: does caring for a sick child affect ones familys...
-
Sketch vo for the network of Fig. 2.169 and determine the dc voltage available. 100 V Ideal diodes -100 V 2.2 k 2.2 k 2.2 k
-
For which of the following would a job order cost system be approprlate?: * a . Steel manufacturer b . Gasoline refiner c . Paper manufacturer d . Newspaper publisher e . Custom home builder On...
-
Dorina Company makes cases of canned dog food in batches of 1,000 cases and sells each case for $15. The plant capacity is 50,000 cases; the company currently makes 40,000 cases. DoggieMart has...
-
1. Why are today's consumers spending and borrowing heavily? 2. Why do some experts suggest that a new class of borrowers may be especially at risk if the economic growth slows?
-
A few years ago, Misha Azim purchased a home for $100,000. Today, the home is worth $150,000. His remaining mortgage balance is $50,000. Assuming that Misha can borrow up to 80 percent of the market...
-
What are the strengths and weaknesses of increased leverage as a response to free cash flow problems in a firm?
-
Small town Diners has a policy of treating dividends as a passive residual. It forecasts that net earnings after taxes in the coming year will be $500,000. The firm has earned the same $500,000 for...
-
Part 1-Chi-Square Goodness-of-Fit Tests A health psychologist was interested in women's workout preferences. Of the 56 participants surveyed, 22 preferred running, 8 preferred swimming, 15 preferred...
-
The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $1,070,000, and it would cost another $21,000 to install it. The machine falls...
-
Problem 1. (10 points) Consider the space X = R22 and the map L XX defined as traceX -traceX L:X X = X 0 0 1. Show that L is a linear map; 2. Find the matrix representation M = mat L in the canonical...
-
Suppose that the exchange rate is 1.25 = 1.00. Options (calls and puts) are available on the Philadelphia exchangein units of10,000 with strike prices of $1.60/1.00. Options (calls and puts) are...
-
Polar Magnets Limited is a global supplier of neodymium magnets. Based in Japan, it manufactures magnets of various sizes and shapes such as circular, rectangular, cylindrical, and spherical....
-
What are current assets and current liabilities? How are they different from non-current assets and non-current liabilities?
-
Melinda Dennis from Troy, New York, just graduated from college and is concerned about her student loan debts. While at her graduation party she got to talking with three of her cousins, Kyle,...
-
(a) What is consumer credit? (b) Why might graduates use credit? (c) How can graduates use credit wisely? Jacob Marchese of Auburn, Alabama, is the credit manager for a regional chain of department...
-
(a) Is Justins enthusiasm over the idea of a debt-consolidation loan justified? Why or why not? (b) Why can the bank offer such a good deal to Justin? (c) What compromise would Justin make to remit...
-
Famas Llamas has a weighted average cost of capital of 8.8 percent. The companys cost of equity is 12 percent, and its pretax cost of debt is 6.8 percent. The tax rate is 22 percent. What is the...
-
The common stock of a company paid 1.32 in dividens last year. Dividens are expected to gros at an 8 percent annual rate for an indefinite number of years. A) If the company's current market price is...
-
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...
Study smarter with the SolutionInn App