Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which the loan will be paid back. Diego says that Sienna’s loan is an example of closed-end credit while Sienna says it is an example of open-end credit. Which statement about the loan is true?


-Diego is correct because the loan has to be paid in full by a specific date.
-Sienna is correct because she had to pledge collateral to get the loan.
-Sienna is correct because the amount can be borrowed again after she repays the loan
-Diego is correct because the loan is a line of credit.

Answers

Answer 1

Answer:

-Diego is correct because the loan has to be paid in full by a specific date.

Explanation:

Closed-end-credit is a type of credit where a fixed amount is borrowed and must be repaid in full by the end of a specified period. The amounts to be paid back are the principal and the interests. Sienna took a closed-end-credit because her loan was issued at a go, and she had to repay after 48 months.

Open-end credit is like a revolving fund.  The borrower is allowed credit up to a specific limit. Once they make repayments, they can re-access the facility.

Answer 2

Answer:

A: Diego is correct because the loan has to be paid in full by a specific date.

Explanation:


Related Questions

1. Why is hospitality important in business?
2. What types of things does a hospitality manager do?
3. What courses or information would be helpful for a hospitality manager?
4. What do you think you'd like best about working as a hospitality manager?

Answers

Answer:

1. It shows you know how to do your job better.

Explanation:

It shows that you can respect your Client/Customer and have a better experience with you. Also it helps you to not get fired easily.

Why don't many developing countries benefit from the spread of free trade?
O A. They don't possess important natural resources.
O B. They cannot afford to give foreign aid.
C. They have large trade deficits.
O D. They have weak domestic industries.

Answers

My best guess is A because they maintain high tariffs on the agriculture custom many developing countries export.

Import and export restrictions are not present in a free trade system. It can also be seen as the free market concept implemented in global trade.  Hence option A is correct .

What is Free Trade ?

Political parties with economic liberal stances are more likely to support free trade than economic nationalist and left-wing parties, who typically support protectionism, which is the antithesis of free trade.

Today, the majority of countries participate in multilateral trade agreements through the World Trade Organization. The unilateral action of Great Britain, which from the middle of the 19th century through the 1920s decreased import and export controls and levies, served as the best example of free trade.

An alternate strategy is to establish free trade zones between groups of nations through agreements, like the European Economic Area and the open markets of Mercosur.separates that free trade zone from the rest of the world by building a protectionist wall. Most governments continue to enact protectionist measures like charging tariffs to imports or providing export subsidies in an effort to support local jobs.

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If running a cable tv ad seven times daily for a week generated 1,800 ticket sales, how long should the stadium run the cable ad in order to reach a target of 27,000 tickets?

Answers

Answer:

15 weeks

Explanation:

They run the add 7 times per 1 day for a week (7 days) which makes $1,800

1800/7=257.14 /7 again for 7 times that day =$36.73

They make $36.73 per one ad.

1800*15=27,00 so it would take 15 weeks to sell the 27,000 tickets

If you're offered a no-interest loan, the amount of the loan should not exceed

$2,000.

$25,000.

$60,000.

$100,000.

Answers

Answer:

$100,000

Explanation:

Answer:

100,000

Explanation:

just took test

Heila is the daughter of your neighbor, Mary. She and her 6-year-old son moved in with Mary in August. Mary would like you to prepare a return claiming the grandson as her qualifying child. What do you do? File the return since you know that Mary has done them a favor by allowing them to move in.

Answers

Answer:

The options are missing:

File the return since you know that Mary has done them a favor by allowing them to move in. Explain the residency requirement and file the return showing the grandson lived with Mary for more than half the year. File the return, but only after Mary assures you that Sheila will not be claiming her son. Explain to Mary that she is not eligible to claim her grandson, and that you cannot knowingly file an incorrect tax return.

My answer would be:

4. Explain to Mary that she is not eligible to claim her grandson, and that you cannot knowingly file an incorrect tax return.

Explanation:

This is both a legal and ethical question.

Legally, Mary is not allowed to deduct Heila's son as her dependent because she only lived with her for 5 months and the minimum requirement is 6 months.

Ethically, you are asked to benefit someone that is your friend (or might not), but in order to do so you must break the law. Is it ethical to break the law in order to benefit an specific person? The answer is no, the law should be the same for everyone. To be honest, no one will probably even realize that you did something illegal, but bad actions always have consequences and we do not always realize them.

How will the consultant's advice help make a change in the environment in the scenario below: A farmer has practiced burning fields after each crop season in order to get rid of the leftover crop matter, and then tilled the land before planting new crops. He recently hired a consultant to see what he could do to make more environmentally conscious choices, and the consultant advised the farmer to stop burning and tilling and instead practice zero tillage farming, using the leftover crop matter to make his own fertilizer.

Answers

Answer:

The consultant's advice will reduce soil degradation and increase organic matter content in soil

Explanation:

In this scenario the present practice by the farmer of burning crop residue and tilling results in soil degradation and loss of organic matter.

Burning on the farm leads to loss of crop nutrients such as nitrogen and organic matter. It also causes environmental pollution of air, land, and water when carbon, nitrogen, and sulphur by-products are released to the atmosphere.

Tillage is the practice of turning the top 6 - 12 cm of soil when preparing for planting. This practice reduces water holding capacity of soil, accelerates nutrient loss, and degrades soil structure.

So if the farmer stops burning crop residue and practices zero tillage it will result in less environmental pollution, reduce soil degradation, and increase soil nutrients especially organic matter

What is it called when a business contributes money, goods or services to an organization or event to gain the publicity related
A news release
B customer loyalty program
C sponsorship
D promotional tie-in

Answers

Answer is (C sponsorship )

Enlightenment thinkers were concerned with how man would be without _____.

Answers

Answer:

The government

Explanation:

Answer:

PLATO ANSWER:

GOVERNMENT

Explanation: Many people wondered what it would be like without any type of official government.

Why can't an advertisement for a sports drink claim it will improve athletic performance?

Answers

Answer:

I need help plzz can u plzz answer my question

Question 1
A business owned fully or in part by the government is known as what?
Public enterprise
Marketing enterprise
Private enterprise
Industry enterprise

Answers

Answer:

Public enterprise

Explanation:

A public enterprise is a commercial organization wholly or partially owned by the government. The state holds controlling interests in a public enterprise. The government manages the business directly by appointing the top management or placing it under one of its departments.

Public enterprises are created with the motive of maximizing social welfare while upholding the public interest. They provide vital goods and services to the public at reasonable prices

Which of the following situations is the demand most likely to be reduced

Answers

Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

What is JROTC?


Pls answer

Answers

Answer:

Junior Reserve Officers' Training Corps

Explanation:

The Junior Reserve Officers' Training Corps (JROTC -- commonly pronounced "JAY-rawtsee") is a federal program sponsored by the United States Armed Forces in high schools and also in some middle schools across the United States and United States military bases across the world.

Sources: Google and Wikipedia

Answer:

an organization for future politicians

Explanation:

Identify the examples of backgrounds. Check all that apply.

Sabir was raised in a Muslim family.
Michael wants to earn a college degree.
Irene is planning to become a Carpenter.
Jean has parents who have strong political views.
George wants to learn how to style hair.
Bao grew up participating in Chinese cultural activities.

Answers

Answer:  The answers are: Sabir was raised in a Muslim family, Jean has parents who have strong political views, and Bao grew up participating in Chinese cultural activities.

                                                     Hope this helps :)

Researching investments online can be valuable because:
A: because large-cap stocks are less of a household name requiring research
b: you can find the exact future value of the stock
C: you will learn the day of the next bull market
D: you can track stock value trends overtime

Answers

Answer:

look I'ma be honest ion know just take a fat guess I'ma say a

Answer:

D

Explanation:

I just did the qw

One of the benefits of marketing is that it makes buying convenient.

True or false

Answers

true- i think! sorry if i’m wrong but i would choose true

what is a social workers job description?

Answers

social workers help people who are having problems and they help them to overcome them !

The rise of emails a series of bad business decisions and a controversial retirement fund have contribute to the monetary struggles of what u.s. agency

Answers

Answer:

U.S. Postal Service

Explanation:

Duh

The U.S agency whose financial struggles resulted from three major factors is the U.S. Postal Service.

The enumerated factors include:

Rise of email usage instead of slow mails via post offices Some bad business decisions that the agency took, especially in the wrong definition of its business models The agency's controversial retirement fund, which resulted from an accounting not an actuarial error.

As a result of the rapidly declining revenues from customers, many of who have now resorted to the use of emails, given the trending innovations in the internet of things and other technological advances, like the 3D printer technology, the agency's losses have been on the rise, year-on-year.

Thus, there is the urgent need for the agency to reconsider its business models and be in the forefront of offering value-added postal services, instead of relying on its traditional approach.

Read more about the monetary struggles of the U.S. Postal Service at https://brainly.com/question/24239286

Sales less sales discounts, less sales returns and allowances equals:

Answers

Woudent the allowance equal to the discounts of your problem

Net sales, also known as revenue or net revenue, is calculated by subtracting sales discounts and sales returns and allowances from total sales.

What is Sales discounts?

Sales discounts are reductions in the selling price granted to customers as an incentive for prompt payment or other reasons. Sales returns and allowances represent refunds or price adjustments granted to customers for returned or damaged goods, or other reasons.

By subtracting these deductions from total sales, the resulting figure represents the actual revenue generated by the company after accounting for these adjustments and is known as net sales. Net sales provides a more accurate representation of the company's true sales performance.

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When researching a specific employer, what information should you be looking for?

Answers

The person above me is correct just put the answer on the wrong question. The question they answer was "When researching a specific job, what information should you be looking for?" The answer to this question however is:

"-Company history

-Company culture

-Company mission

-Reputation

-Products

-Location

-Predicted growth

-Number of employees

-Competitors

-Customers"

and if you need to shorten the other question

"-Job description

-Required education and experience

-Working conditions

-Salary

-Fringe benefits"

When researching a specific employer, information should you be looking for such as:

Key players of the organization.

when the key players within an organization are those employees who hold important positions in the company they get a good reputation.

The person interviewing you.

 After checking the all detail about the company go formal and give your best in the interview be confident.

knowledge about the employer update news and events

When you go into a job interview, it’s always a good idea to be knowledgeable about the companies for the latest news and updates.

The main feature of the company’s culture, mission, and values, etc.

who find the job should be able to confidently speak and say they're a good fit for the company’s culture during any job interview.

Clients, products, and services.

you have to innovate new ideas and need as a potential employee and always pay attention.

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WILL MARK BRAINLIEST!! The regional grocery chain sells its own brand of fruit juice manufactured by a national producer, an example of a designer label for a store brand, which is sold right alongside national brands.

False

True

Answers

Answer:false

Explanation:

Which of the following CTSOs benefits students entering manufacturing?
A. DECA
B. SkillsUSA
C. FFA
D. FEA

Answers

the answer is b. skillsUSA

Answer:

Answer is b.

Explanation:

what is the different between demand and want​

Answers

Answer:

Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for. In a consumer market examples are usually very clear to identify.

Select the correct answer.
Some merchandisers design window displays.
A. True
B. False

Answers

this answer is true, because merchandisers design window displays, t shirts, and all kinds of stuff

Answer:

your answer would be (A)  True

Explanation:

which accounts have a normal credit balance? choose all answers that are correct
A) Supplies
B) Accounts Payable
C) Cash
D) Insurance
E) Capital
F) Sales

Answers

Answer:

B and D.

Explanation:

The account that have a normal credit balance is account payable, capital account, and sales.

Normal balance:The assets, expenses, and losses contains the normal debit balance. While on the other hand, the liabilities, revenues, and profits contains the normal credit balance. Therefore, the option b,option e, and option F is correct.  

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Yelp is offering a special on advertising. The special offers to reach 30,000 people for $1,800. What is the CPM (Cost Per Thousand) reached?

Answers

Answer:

$60

Explanation:

Cost per mile or cost per thousand is the amount the advertisers charge for every 1000 views. It is the cost incurred when an advertisement is exposed to 1000 people.

The CPM formula is CPM = 1000 * cost / impressions .

For yelp, the cost is $1800, and impressions are 30,000

CPM=  1000 x $1800

 30,000

CPM = $1,800,000/30,000

CPM = $60

Which one would be correct I’m to lazy to think :)

Answers

I think it’s the second one letter B

Match the tasks with the professionals who would complete them.

Answers

Meteorologist: measure the temp and humidity, creates charts and graphs to educate the public
Videographer: use editing softwares, discuss filming techniques
Network administrator: train users how to use the system, determine ways to make the system more effective
Hope this helps!

Answer:

Explanation:

1,3 and 2,4 and 5,6 and thats it

Which of the following could help determine a job candidate's trustworthiness?
A) A credit check
B) A recorded oral test
C) An in-person interview
D) Closed-ended interview questions

Answers

Answer:

C) An in-person interview

Explanation:

All the options listed, the best choice to determine a candidate's trusworthiness is the in-person interview. An in person-interview allows the interviewer to get to know the candidate better, because open-ended questions can be made about the candidate's proffesional and personal life.

In this type of interview, it is the job of the interviewer to analyze the answers, and reach a conclusion that can determine whether the person is to be trusted or not.

if example your a newbie and inexperienced what kind of business would you do in your newly made business account also if your interested in Nightcore songs and an underage?​

Answers

Answer:

I want be doctor but still I can do the business of handicrafts . I don't like nightcore songs .

Answer:

wanna be a doctor if I want buissnes maybe art I donno.

Explanation:

do you watch anime which one

True or False: The key to smart investing is investing all your assets into a single stock with a strong earning history.

Answers

Answer:

False

Explanation:

Answer:

False

Explanation

Investing your assets in the single stock is not going to help with strong earnings.

Also I got this answer and False was correct.

Hope this helps!!

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