BUSINESS HIGH SCHOOL

Which of the following is the best example of amortization?30 yr mortgage

48 month car loan

15 yr student loan

all of the above

Answers

Answer 1
Answer: Answer is 30 yr mortgage

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Which of the following economic systems primarily relies on prices for allocating resources and goods?A) Free-market B) Traditional C) Command D) Mixed E) Socialism
Clark co-signs student loans for William to attend a public, four-year university. Which of the following statements is correct?Select the best answer from the choices provided. William's loan is a private loan. Clark will not be liable for the loan if William defaults. Clark will not be liable for interest on the loan if William defaults. William's loan is a subsidized loan.

What is the opportunity cost in this scenario?A.)[Gretchen earned $500 from her summer job].| B.)[ She made a list of things that she wants to do with the money she earned.] She thought of spending $100 to buy a guitar amplifier, enrolling in a ballet class for $200, buying new clothes worth $100, and giving her mom a silver necklace worth $100. |C.)[When she went to buy the amplifier, she found it cost around $150.] She knew that she couldn’t change the fee for the dance classes. So she had to adjust the budget for her clothes or her mom’s gift.| D.)[In the end, she decided she would buy one pair of jeans instead of the two pairs of jeans she had planned.]

Answers

Though Gretchen ended up only buying one pair of jeans instead of two, there are a lot of scenarious that could end up being an opportunity cost. In this case, Gretchen wanted to use the funds from her mom to purchase two pairs of jeans but because of other costs, she had only enough to purchase one. An opportunity cost is what you give up in exchange for purchasing one more unit of something else.

D.) In the end, she decided she would buy one pair of jeans instead of the two pairs of jeans she had planned

Your cousin has just graduated from college and is starting her search for an apartment to rent. What are three steps you think she should take during her search?

Answers

When a person lives in a house or apartment of another person or the tenant on a contract basis is called rent.

The three steps that she should take during the rental apartment search is:

  • She should first know her location and the area very well. The location of the apartment matters for safety as well as convenient purposes.

  • Secondly, she should know her budget well. Budgeting is very important as she is just a graduate and should filter the search accordingly.

  • Lastly, the information about the owner or tenant must be known as it will help in the lease issues and will keep away from illegal problems.

In these ways, she could search for the apartment.

To learn more about rent follow the link:

brainly.com/question/25015291
look at the apartment before signing the lease, check her phone signal in the apartments, and go with the safest option!

On December 1, Bright Company receives a 6% interest-bearing note from Galvalume Company to settle a $20,000 account receivable. The note is due in three months. At December 31, Bright should record interest revenue ofa. $100.b. $600.c. $0.d. $200.

Answers

Bright should record interest revenue of $102. The Option A.

What is the interest revenue at December 31?

Interest = Principal × Rate × Time

Interest = $20,000 × 6% × (31/365)

Interest = $101.917808

Interest = $102.

Read more about interest revenue

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#SPJ3

Answer:

a. $ 100

Explanation:

interest revenue = $ 100

6% of 20000 $= 1200$

after 1 month interest would be $1200/12= $100

Explain what a credit score is and what it tells you about the consumer. What are some ways you can maintain a proper credit score?

Answers

Answer:

Explanation:

A credit score is a tool used is analyzing the creditworthiness of a customer in a numerical way or rating . It is useful in determining who qualifies for a loan , the applicable rate and other condition attached.

It tells about the financial integrity of a consumer through his attitudes to loan facilities over the years.

A proper credit score can be maintained by repaying loans on time ,up your credit card and do not close your credit card account.
A credit score is a score that measures how likely you are to pay back a loan. If the score Is good that means they paid their loans on time. if the score is bad that means they aren't likely to pay any payments they are given through a loan. You can maintain a proper score by paying bills on time, when taking out loans pay the payments on time. and when you loan a car Pay. The. Payments.

Which sentences describe characteristics of a sole proprietorship?-The owners are called partners.
-The owner accepts full financial liability.
-The business is treated as a separate tax entity.
-All profits go to the individual who owns the business.

Answers

These sentence is right : 
- The owner accepts full financial liability
- All profits go to the individual who owns the business.

In a sole proprietorships, only one person had the control over the business, therefore, all the profit and liabilities that had been earned by the business will go to that one person

Answer:These sentence is right :

- The owner accepts full financial liability

- All profits go to the individual who owns the business.

Explanation in a sole proprietorships, only one person had the control over the business, therefore, all the profit and liabilities that had been earned by the business will go to that one person

A phone company offers 2 monthly charge plans. In plan A , the customer pays a monthly fee of $25 and then another additional 9 cents per minute of use. In plan B, the customer pays a monthly fee of $32.60 and then an additional 7 cents per minute of use. For what amounts of monthly phone use will Plan a cost no more than plan b?

Answers

Answer:

380 minutes

Explanation:

Given: Plan A : Monthly fee $25

                         Additional per minute charges = 9 cents

          Plan B = Monthly fee = $32.60

                         Additional per minute charges = 7 cents

The equation for cost usage under plan A will be,

X = 25 + 0.9 y

wherein y denotes the number of minutes consumed

Similarly, for Plan B, the equation would be,

X = 32.6 + 0.07 y

since total cost under the two has to be same at the same number of minutes.

Equating the two , we get,

25 + 0.09 y = 32.6 + 0.07y

⇒ 0.02y = 32.6 - 25

⇒ 0.02y = 7.6

⇒ y = (7.6)/(.02)

⇒ y= 380

Hence till the usage level of 380 minutes, Plan A will not cost more than Plan B.
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