What is open-end credit and give three examples.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
With openend credit credit is extended in advance of any transaction so that the borrower does n...View the full answer
Answered By
Seema kuldeep
although I don't have an experience of teaching in a particular institute, previously I was an expert on Chegg and I have used to teach my batch mates and also my juniors.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
Briefly explain the difference between a refundable and a nonrefundable tax credit and give three examples of tax credits that may be refundable (or partly refundable) discussed in this chapter.
-
Define cost object and give three examples.
-
Define a provision, and give three examples of a provision.
-
Smart housing Inc. is negotiating a deal to build a house. The owner wants to start in early spring when the weather begins to moderate and build through the summer into the fall. The completion time...
-
Interference effects are produced at point P on a screen as a result of direct rays from a 500-nm source and reflected rays off a mirror, as in figure. If the source is 100 m to the left of the...
-
SShow all caculations if you can and or excel formulas 5. Assume the following capital structure characteristics for INEEDTAGITBIG Corporation: $700 Million Debt; $100 million Preferred Stock; and...
-
Water Samples An environmental agency is analyzing water samples from 80 lakes for pollution. Five of the lakes have dangerously high levels of dioxin. If six lakes are randomly selected from the...
-
Top management of Drexel-Hall is considering closing Store 3. The three stores are close enough together that management estimates closing Store 3 would cause sales at Store 1 to increase by $60,000,...
-
What price would you pay today for a stock if you require a rate of return of 13%, the dividend growth rate is 3.6%, and the firm recently paid an annual dividend of $2.50?
-
Kitchen World Inc. is a Canadian controlled private corporation (CCPC) that operates a retail business selling cooking utensils, knives and small appliances for both professional chefs and home...
-
Melinda Dennis from Sewell, New Jersey, 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,...
-
Distinguish between an unsecured line of credit and a home equity credit line.
-
If the wide-flange beam is subjected to a shear of V = 20 kN, determine the shear stress on the web at A. Indicate the shear-stress components on a volume element located at this point. 200 mm 20 mm...
-
Obtain the phase trajectories for a system governed by the equation \[\ddot{x}+0.4 \dot{x}+0.8 x=0\] with the initial conditions \(x(0)=2\) and \(\dot{x}(0)=1\) using the method of isoclines.
-
Indicate whether each of the following accounts normally has a debit balance or a credit balance. a. Land b. Dividends c. Accounts Payable d. Unearned Revenue e. Consulting Revenue f. Salaries...
-
Indicate whether each of the following accounts normally has a debit or credit balance. a. Common Stock b. Retained Earnings c. Land d. Accounts Receivable e. Insurance Expense f. Cash g. Dividends...
-
Match each of the items in the left column with the LO5, 6 appropriate annual report component from the right column: 1. The company's total liabilities 2. The sources of cash during the period 3. An...
-
Allegra Company has sales of \($167,000\) and a bicak-even sales point of \($123,000\). Compute Allegra s margin of safety and its margin of safety ratio.
-
This problem is for gaining experience with simulated annealing. Write an annealer to find the minimum value of the following function defined for 0 < x < 10, 1 1 6 f(x) = 20- 3(x-3) +0.18 (x-7) +...
-
The process of collaborative goal setting by a manager and subordinate, the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate's performance. It is...
-
1. Distinguish between a progressive and a regressive tax. 2. What is a marginal tax bracket, and how does it affect taxpayers? 3. Explain why some taxpayers have a marginal tax rate as high as 40...
-
1. Give five examples of income that must be included in income reported to the internal revenue service. 2. How are long-term and short-term capital gains treated differently for income tax...
-
1. Distinguish between two types of tax-sheltered investment returns. 2. Explain how to reduce income taxes via your employer, and name three employer-sponsored plans to do so. 3. Summarize the...
-
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