Why do we say that credit is basically a loan?

Answers

Answer 1
Technically no, a loan is when you borrow money, credit score shows of you pay your bills on time and all that

Related Questions

After an economy begins to recover, suppose that the Fed quickly raises interest rates back to the level seen before the recession in order to prevent inflation. Which type of Fed policymaker would be more likely to favor this action

Answers

Answer:

Hawks

Explanation:

In simple words, A hawk, sometimes recognized as just an inflation hawk, can be understood as the policymaker or analyst who is primarily obsessed with lending rates as their contribute to monetary policy.

To maintain inflation in control, a hawk normally prefers reasonably high interest rates. In other terms, redskins are less worried with global development just like they are with downturn risk brought to pressure by rising inflation. 

Thus, from the above we can conclude that the correct answer is hawk.

As of year-end, June Company had three different inventory items in its ending inventory. June had 10 units of each item on hand. The unit cost, replacement cost, expected selling price, estimated disposal and completion costs, and normal gross profit as a percentage of expected selling price follow: Item A: $10, $9, $20, $2, 50% Item B: $30, $32, $50, $4, 30% Item C: $50, $48, $90, $0, 40% June uses a LIFO costing method. By what amount will June write-down its inventory?

Answers

Answer:

$10

Explanation:

unit cost, replacement cost, expected selling price, estimated disposal and completion costs, and normal gross profit as a percentage of expected selling price follow

Item A: $10, $9, $20, $2, 50%

Item B: $30, $32, $50, $4, 30%

Item C: $50, $48, $90, $0, 40%

I used an excel spreadsheet to calculate the value of ending inventory using the lower of cost or market value. The ending inventory = $890, while the purchase cost = $100 + $300 + $500 = $900

the inventory should be written down by $10

Help find Robert! South Carolina people help me find Robert! thank you!​

Answers

Answer:

Why do you keep on putting this out?

Explanation:

property taxes are $4,200 per year. The closing is April 20th and closing day is charged to the buyer. Using the 365-day method, how will the proration of property taxes show on on the closing statement?

Answers

Answer:

Dr Seller $1,254.25

Cr Buyer $1,254.25

Explanation:

Calculation for how will the proration of property taxes show on the closing statement

First step is to calculate days of seller ownership

Days of seller ownership= 31 days in January 31 + 28 days in February+31 days in March + 19 days in April

Days of seller ownership=109 days

Second step is to calculate the tax owed by the seller using this formula

Tax owed by the seller =[(Property taxes ÷365 days)*Days of seller ownership]

Let plug in the formula

Tax owed by the seller=[($4,200 per year÷365 days)*109 days

Tax owed by the seller=$1,254.25

Last step is how will the proration of property taxes show on on the closing statement

Closing statement Entries will be show as:

Dr Seller $1,254.25

Cr Buyer $1,254.25

Therefore how will the proration of property taxes show on the closing statement is Debit Seller $1,254.25 and Credit Buyer $1,254.25

Buyer Bill has agreed to pay for a computer system after all hardware has been installed and operational. What type of contract does Bill hold

Answers

Answer:

"Executory" is the right solution.

Explanation:

An executory contract would be a contract concluded by individuals involved, these same phrases among which are always to be accomplished at that same future stage. This same agreement states that when both parties always have responsibilities to fulfill before they could be finalized, which are often in a position in between the debt collector or bondholder and maybe the other individual.

Risks to a company that can result from outsourcing include: Question 3 options: Customers demanding higher quality and better service Loss of control over a product or process Increasing technological capabilities Lower costs A and B

Answers

Answer:

Loss of control over a product or process

Explanation:

Outsourcing is when third parties are employed to carry out some of the functions of an organisation. For example, an organisation may outsource its customer service agent job to third parties

Advantages of outsourcing

increased efficiencylower cost as the firm would invest less in infrastructure

Disadvantages of outsourcing

Loss of control over a product or process outsourced agents may lack adequate information on the business

Every business is unique — including yours! Based on the goals described below, choose the campaign type that could best help you achieve those objectives.

Answers

Answer: Social media campaign

Explanation:

For a business whose objective is trading of a mechanical product called a pump, one of the best way to promote the business to reach goals is through social media campaign. Social media campaign is the use of social media platforms to promote a brand or business with it's services and amazing contents that would make the target market buy the goods.

Mark sold his home to Lenny. Lenny moved into the home, but did not record the deed. A few weeks later, Mark died. His heirs were unaware that he had sold the home, and conveyed title to Donald, who actually recorded the deed. Who owns the property

Answers

Answer:

Lenny

Explanation:

Even though Lenny moved into the home but did not record the deed which is a legal document that will prove and show the transfer of ownership of the property from Mark to Lenny in which Donald was the one who recorded the deed , the person who OWNS the property is LENNY reason been that we were told that Mark sold his home to LENNY before he died a few weeks later.

Therefore the person who owns the property is LENNY.

a service was performed for a client with payment due in 30 days what accounts are affected

a) debit Capital, Credit bank
b) debit accounts receivable, credit capital
c) debit Bank, credit accounts receivable
d) credit accounts payable, debit capital ​

Answers

Answer:

b) debit accounts receivable, credit capital

Explanation:

Performing service is part of normal business activities. It generates revenue for the business.

Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.

The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.

Nepal is secular country​

Answers

Answer:

Nepal is a secular state - True.

If members of a project team report formally to a functional manager (not directly to the project manager) what type of organization is it

Answers

Answer:

Matrix organization

Explanation:

Hope this was helpful! Have a good day

Suppose that when the price of milk rises 20%, the quantity demanded of milk falls 10%. Based on this information, what is the approximate absolute price elasticity of demand for milk

Answers

Answer:

0.5

Explanation:

Calculation for what is the approximate absolute price elasticity of demand for milk

Using this formula

Price elasticity of demand=Quantity demanded/ Increase in price

Let plug in the formula

Price elasticity of demand=10%/20%

Price elasticity of demand=0.5

Therefore the approximate absolute price elasticity of demand for milk will be 0.5

A. Avoid extra payroll expenses.
B. Get the best rates on advertising.
C. Change the product you provide.
D. Use resources wisely.
E. Beat the competition.
F. Get the best rates on supplier purchases.
G. Eliminate some free services,
H. Increase worker efficiency,
1. A shop that sells fine glassware offers gift wrapping at no extra cost.
Rationale:

Answers

Answer:

A. Avoid extra payroll expenses.

Explanation:

i hope it helps :)

An expense is referred to as the outflow of the cash or the assets of the company or the firm. Basically, an expense is incurred when the company faces a shortage of assets or the company owns any of the liability.

The correct option is A. Avoid extra payroll expenses.

A shop that sells fine glassware offers gift wrapping at no extra cost avoids the payroll expenses. Payroll expenses are the expenses that are termed as the expenses that are regarding the wages and the compensation of the holidays and the sick pay. These all expenses are accrued at the closing dates.

To know more about the payroll expenses, refer to the link below:

https://brainly.com/question/25673613

New Ventures Enterprises Inc. Is considering a proposal to invest 600,000 in new Cell Telephone Product. Production equipment which will be depreciated on a straight-line basis with a 6-year life, and no salvage value. The projected

Answers

Answer:

Note: The full question is attached as picture below

                    New Ventures Enterprises Inc.

                               Income Statement

Sales                                                              $565,000

Cost of goods sold

Variable manufacturing cost   $100,000

Direct labor cost                       $150,000

Fixed manufacturing cost        $52,500

Total cost of goods sold                                $302,500

Gross Profit                                                     $262,500

Operating Expenses

Selling and administrative                              $74,000

Operating profit                                               $188,500

Income tax expenses at 15%                           $28,275

Net Income                                                       $160,225

What is Insurance Risk​

Answers

An insurance risk is a threat or peril that the insurance company has agreed to insure against in the policy wordings. These types of risks or perils have the potential to cause financial loss such as property damage or bodily injury if it were to occur.

Hope it helps ^^

I NEED HELP FAST!!
Peter is assisting with a report that will forecast sales for the next year. He has been asked
to collate sales data for the previous five years in different seasons. He understands that
will help account for seasonal trends. What kind of sales forecast report is Peter working
on?
n
Peter is working on a
report to forecast sales.
Delphi method
time series analysis
sales force estimation
sales forecasting
It is not the last one. I already tried it.

Answers

Answer:

Time Series Analysis

Explanation:

Time Series Analysis is the process of forecasting sales through the means of looking at a certain range of time from the past.

Delphi method is the use of public opinion to form data and Sales force estimation is for future sales and not past ones.

The conversion factor (CF) is a national dollar amount that is applied to all services paid on the basis of the ____________________.

Answers

the Medicare Fee Schedule

The conversion factor (CF) is a national dollar amount that is applied to all services paid on the basis of the Medicare fees.

What is conversion factor?

The  conversion factor which is basically  a mathematical ratio that expresses the relationship between two different units of measurement for the same quantity.

It is used to convert one unit of measurement to another equivalent unit of measurement. For example, the conversion factor between inches and centimeters is 2.54, meaning that 1 inch is equivalent to 2.54 centimeters.

Conversion factors are often used in scientific and engineering calculations, where measurements are expressed in different units.

On the basis of the Medicare fees, the conversion factor (CF) which is a national dollar amount  is applied.

Learn more about conversion factor here:

https://brainly.com/question/23510660

#SPJ2


All changes saved
2. It's best for event marketers to have a single official website listing information about the event?

Answers

Answer:

True

Explanation:

Customers have a preference for a one-stop shopping experience. In other words, customers would prefer to shop in a store that provides a variety of all the products and services they need.

For event marketers, it will be advantageous if they list all their services on a single website.  Customers requiring a wide range of services are likely to contact them for business. If they list services on different websites, customers will likely view them as different providers, offering varied services. This will make them continue searching for a preferred service provider.

What can give working people information about their fields, including conferences and leadership opportunities in those fields?

an extracurricular activity
a career and technical student organization
a professional organization
a cocurricular activity

Answers

Answer:

a professional organization

Explanation:

A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.

A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.

Answer:

C

Explanation:

What written document gives public notice that a mortgaged property may soon have a judgment issued against it

Answers

Answer: lis pendens

Explanation:

What happens when a bank is required to hold more money in reserve?

Answers

It has less money for loans

What is his middle name??(ps it's not answered).

Answers

Answer: um I don’t know who you want for a middle name but are you talking about “Jonathan Charles Peters Johnson” I guess that what you want

Explanation: Hope this help ;)

Answer:

juan

Explanation:

Hi guys! 40 points!

I would appreciate some help on this one, I'm stumped lol.

What are some ways to encourage companies to get involved in exporting? Would exporting necessarily lead to a favorable balance of trade?

Answers

Answer:

1. Give companies the idea that they have an advantage in certain foreign markets and that they can earn a lot of money from this. Companies that make good business with exporting goods also earn them a reputable reputation.

2. If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.

Explanation:

hope this helps :)

Mario owns a store that sells skateboard equipment. Mario understands that people are most likely to notice his headline text in a text ad.What should Mario include in his headline

Answers

What Mario should do from including this in his headline is being considerate on how he is doing from knowing how the people are going to be apparently right to give note in his own headline he created by using a text ad.

________ firm engages in trade and marketing in different countries as an extension of the marketing strategy in its home country.

Answers

Answer:

Multinational firm

Explanation:

Multinational firm engages in trade and marketing in different countries as an extension of the marketing strategy in its home country. Its refers to a company which has headquarters in one country but operating in many countries. Multi-national firm owns several companies that stand in different countries. Adjustment to the culture in each country into which is a must in order to survive and succeed. By setting up production units in many other countries are expected to save the cost of production and distribution costs to get products into the hands of the end consumer.

All are primary aspects of Western culture that author Margaret J. Wheatley believes are responsible for management except _____ .


competition

a mechanistic worldview

democratic principles

individualism

Answers

Answer:

a mechanistic worldview

Explanation:

According to Margaret J. Wheatley, the primary aspects of Western culture that are responsible for management are individualism, democratic principles, and competition.

Therefore, the oddity in the options given and the correct answer is B. a mechanistic worldview.

Hello today January 1 happy new year​

Answers

Answer:

Happy New Year

Explanation:

2. Which statement about the factors of production is correct?
A) A river from which a company draws water is called land.
B) Raising finance for a company is called capital.
C) Supervisors employed in a company are called enterprise.
D) The owner of a company is called labour,​

Answers

Answer:

A) A river from which a company draws water is called land.

Explanation:

There are mainly 4 Factors of Production and these are:

1. Labor

2. Land

3. Capital

4. Entrepreneurship

Labor doesn't refer to the owner of the company. It refers to the work that is being done in order to finish a particular project or work. This makes choice D incorrect.An enterprise refers to the entire company or business. It doesn't limit itself to the supervisors involved. This makes choice C incorrect.Capital in the form of money is not a factor of production. Raising finance for a company means raising money. An example of capital as a factor of production is purchasing an equipment for commercial/business purposes. This makes choice B incorrect.When it comes to "land" as a factor of production, it refers to the natural resources, which means it includes not only the forests, mountains and the like but also the oceans, rivers, lakes, etc. as long as it is being used in the production process. This makes choice A correct.

what are the similarities and dissimilarities between traditional and improved oven?.​

Answers

Answer:

The similarities and dissimilarities between traditional and improved oven is described below in details.

Explanation:

Both varieties of ovens look identical, and both can be gas or electrical. The distinction between them is that the origin of heat under a conventional oven is fixed and rises up from the ground. The heat from a convection furnace is travel by blowers, so the air travels all over the interior of the oven.

In a convection oven, the hotness is scattered equally all nearby the meal. Expert meal makers like convection furnaces because they not only prepare meals precisely, but they prepare them as much as 26 percent quicker than a conventional oven.

How should you handle questions about past jobs and employers?
(I am being timed)
A)You should give a specific example of how you were mistreated on your last job and why you left.
B)You should take the opportunity to show your knowledge by pointing out what was wrong there.
C)You should be honest, but don't bring up negative issues. If you must, frame it as a lesson learned.
D)You should refuse to answer any questions about previous employers and jobs.

Answers

Answer:  B

Explanation:

You should give a specific example of how you were mistreated on your last job and why you left. Therefore option B is correct.

What is Job?

The term Jobbe or Worke (1550s), which meant "task, piece of work," gave rise to the word "job," which today is used to refer to a piece of work or anything that needs to be done.

Literary sources indicate that the phrase was first used in 1858 to refer to "a salaried, permanent position of employment." Printers began using the phrase as slang for "piece of work of miscellaneous class" around 1795. (handbills, posters, etc.).

People who have received specialized training for particular occupations are either-

These are manual tasks in the trade. Carpenters, auto mechanics, hairdressers, and bakers are a few examples. Other trades include those for butchers, plumbers, and arborists.

- Profession: A university degree is required for this type of employment. Lawyers, physicians, dentists, architects, librarians, engineers, and pharmacists are a few examples. Teachers, university professors, scientists, physicists, and geologists are all occupations.

Therefore option B is correct.

To learn more about follow the link.

https://brainly.com/question/2704807

#SPJ2

Other Questions
Which option is an example of deductive reasoning? What is the following product? Which of the following neurocognitive disorders is an inherited progressive disease in which memory problems along with personality changes and mood difficulties worsen over time. 14. A 3.0 kg metal ball, at rest, is hit by a 1.0 kg metal ball moving at 4.0 m/s. The 3.0 kg ball movesforward at 2.0 m/s and the 1.0 kg ball bounces back at 2.0 m/s.(a) What is the total kinetic energy before the collision? According to the Law of Conservation of Energy, why does the first hill on a roller coaster always have to be the tallest of all the other hills? The ___ were extremely unpopular because people believed they were unconstitutional. This is 8th grade math 5y+25h=4h Solve for h .If 65+5y = 82, 3x +23= 54 and 5z +43= 110, find 3x+ 5y +5z (3,-2) (4,5)m = [?] how do you ask someone if you left a hickey on them in spanish? A tennis ball is hit with a vertical speed of 10 m/s and a horizontal speed of 30 m/s. How far will the ball travel horizontally before landing?a. 10 mb. 20 mc. 40 md. 60 me. 80 m Choose the correct word or phrase.El cliente lee___del restaurante antes de pedir.la cuentaelmenla propina HELPPPOf all of the energy given off by the Sun directed towards Earth, approximately only 50 percent of the energy penetrates directly tothe surface of Earth. What is the best explanation for what happens to the rest of the energy?A)Energy is lost during while traveling through space.B)Energy is reflected or absorbed by Earth's atmosphere.1Some of the energy is reflected back into space by the MoonEliminateD)Energy is lost through the process of overcoming the Sun's largegravitational force Consider the following ordered data.6 9 9 10 11 11 12 13 14(a) Find the low, Q1, median, Q3, and high.(b) Find the interquartile range. What is the missing number Please! Find the values of x,y and Z How were the Persians different from the assyrians Diferencia entre oracin principal y secundaria ? Which of the following is an example of a sales promotion? What is an event of a convention current in the air