Which details apply to a financing contract? Check all that apply.requires a credit checkare less expensive than using a credit cardincludes interest rate informationrequires a signature for rent-to-own agreementscan be broken at any time
Answers
A financing contract is a legal agreement between a borrower and a lender that outlines the terms and conditions of a loan.
In the context of your provided terms, the following details apply to a financing contract:
1. Requires a credit check: Financing contracts typically involve a credit check to assess the borrower's creditworthiness and determine the interest rate offered.
2. Includes interest rate information: Financing contracts specify the interest rate to be charged on the loan, which is determined based on the borrower's credit score and other factors.
3. Requires a signature for rent-to-own agreements: Rent-to-own agreements, which are a type of financing contract, typically require the borrower's signature to formalize the agreement.
4. Can be broken at any time: This is not accurate for most financing contracts. However, certain provisions within the contract may allow for early termination or renegotiation under specific circumstances.
In contrast, financing contracts are not necessarily less expensive than using a credit card, as this depends on the interest rates and terms of both the contract and the credit card.
In summary, a financing contract requires a credit check, includes interest rate information, and often necessitates a signature for rent-to-own agreements. While it cannot typically be broken at any time, specific provisions may allow for early termination or renegotiation. The cost comparison to a credit card depends on the respective interest rates and terms.
For more about financing contract:
https://brainly.com/question/7873500
#SPJ11
Related Questions
the use of brand names is especially important for services because of which unique characteristic of services?
Answers
Intangibility due to the distinctive nature of services, the adoption of brand names is particularly crucial.
Why do brand names matter?They are crucial since you and/or your clients can use them to recognize a company and the products or services it provides. The name of the firm and its logo can affect whether a customer chooses to purchase anything from you, just as it can affect whether an intern decides to stay on staff with you or not.
Why is it necessary for any firm to choose a name or brand?Making your products simple to select gives your customers a better idea of what to anticipate. Brands give customers incentive to select their goods or services.
To know more about characteristic of services visit:-
https://brainly.com/question/24285035
#SPJ4
1 pts
D
Question 1
Time Elapsed: Hide
Attempt due: Nov 19 at 1
3 Minutes, 9 Seconds
Daisy is a senior in college and has a part-time job at a coffee shop. She recently got her
first credit card and can spend up to $4,000. She sees that the expensive 4K TV she has
wanted for the past year is on sale for the next week for $3,500. What is the BEST
course of action for Daisy?
o Use her new credit card.
O Use the money in her savings account.
O Get a cash advance from her bank.
O Wait until she has a full-time job.
Question 2
1 pts
Which types of loans are usually the easiest to get?
O Expensive Loans
O Medium-Priced Loans
O Home Equity Loans
Inexpensive Loans
Answers
Answer:
1 use her new credit card
2 home equality loan
This is for money skills. Please help
Answers
Answer:
when you divide
Explanation:
You recently got a new job in a busy doctor's office. There are four other workers who perform the same
tasks as you. When you were trained, you felt confident about your ability to do the work correctly.
However, now you are not sure how to complete some of the tasks.
Read the following actions and decide which is the BEST way to handle the situation and which is the
WORST way to handle the situation.
1. Ask a co-worker to help you with the tasks you are not sure how to do.
2. Watch your co-workers do the tasks you are not sure how to do and copy their actions exactly.
3. Ignore the tasks you are not sure how to do until someone notices.
4 Ask your supervisor for additional training on the tale vor
Answers
Ignore the tasks you are not sure how to do until someone notices which is the worst way to handle the situation. The correct option C. Ignoring behavior that is harmful to the student or others is never a suitable course of action e.g., aggressive behavior, or bullying. These actions demand the application of a different tactic.
Why is planned to ignore harmfully?Ignoring assumes that a child's apparent behaviors accurately represent what they are trying to accomplish. In fact, many kids aren't able to communicate their inner thoughts through coordinated movement and/or language. Ignoring oversimplifies the child's actions without making an effort to understand their underlying emotions and thoughts.
You recently got a new job in a busy doctor's office. There are four other workers who perform the same tasks as you. When you were trained, you felt confident about your ability to do the work correctly. However, now you are not sure how to complete some of the tasks. Ignore the tasks you are not sure how to do until someone notices which is the worst way to handle the situation.
Thus, the ideal selection is option C.
Learn more about Planned Ignoring here:
https://brainly.com/question/29359375
#SPJ2
Discuss about the main types of fish available in Nepal.
Answers
Answer:
There are many types of fish in nepal but and seven of the major types are:-Mola carplet (Amblypharyngodon mola)
Mola carplet (Amblypharyngodon mola)Bighead carp
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morar
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morarBarred baril
Barnaby baril
Hamilton's barila
Explanation:
I am sure to will get 6 marks out of 6 marks if you submit this answer!
The Real Estate Settlement Procedures Act states all of the following EXCEPT
Answers
People are living paycheck to paycheck why is that a problem
Answers
The price index was 220 in one year and 238.2 in the next year. What was the inflation rate?
a. 8.3 percent.
b. 108.3 percent.
c. 4.8 percent.
d. 38.2 percent.
Answers
The price index was 220 one year and 238.2 the following; the inflation rate is 8.3 percent.
Inflation is defined as an increase in the Consumer Price Index (CPI), which is a weighted average of different items' prices. The index's list of commodities is determined by those are regarded indicative of a common consumption basket. As a result, the index will include various commodities based on the nation and the consumption patterns of the majority of the people. Some items may see price decreases, while others may experience price increases; hence, the total value of the CPI will be determined by the weight of each good in relation to the entire basket. Annual inflation is the percentage change in the CPI from the same month the previous year.
To know more about inflation:
https://brainly.com/question/30112292
#SPJ4
PLEASE HELP ASAP::::
A tip employee’s earnings most closely resemble those of which of the following?
a.
An employee working on straight commission
b.
An employee working on commission plus salary
c.
An employee working on a piece-rate basis
d.
An employee working on a fixed salary
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer: c. An employee working on a piece-rate basis
fashooo
Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
Answers
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
To know more about Fiduciary Duty, refer to the link below:
https://brainly.com/question/31148084#
#SPJ11
f interest rates rise but the quantity of loanable funds demanded and supplies remains constant, this implies that Group of answer choices the demand for loanable funds decreased while the supply increased. both the demand and the supply of loanable funds increased. both the demand and the supply of loanable funds decreased. the demand and the supply of loanable funds both remained the same. the demand for loanable funds increased while the supply decreased..
Answers
Answer:
The demand and the supply of loanable funds both remained the same.
Explanation:
If the interest rates rise, but both demand and supply of loanable funds remanin constant, this means that demand and supply remained the same.
This would be a problem in the real world, because when interest rates rise, what should happen is that the supply of funds rise, while demand falls, because a rise in interest rates makes investment more expensive since interset rates are simply the price of the loanable funds.
Is A the actually answer?
Answers
Last month when Holiday Creations, Incorporated, sold 40,000 units, total sales were $160,000, total variable expenses were $112,000, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio?
Answers
The company's contribution margin (CM) ratio is 0.3 or 30%.
To calculate the company's contribution margin (CM) ratio, we need to first calculate the contribution margin. The contribution margin is the difference between total sales and total variable expenses.
In this case:
Total sales = $160,000
Total variable expenses = $112,000
Contribution Margin (CM) = Total Sales - Total Variable Expenses
CM = $160,000 - $112,000
CM = $48,000
The contribution margin ratio is the contribution margin divided by total sales:
CM Ratio = CM / Total Sales
CM Ratio = $48,000 / $160,000
To simplify the ratio, we can divide both the numerator and denominator by 1,000:
CM Ratio = 48 / 160
CM Ratio = 0.3
Learn more about contribution margin here:
https://brainly.com/question/30459935
#SPJ11
Qualified Long-Term Care policies may take into consideration an applicant's pre-existing conditions for a maximum of not more than __ month(s) prior to the effective date of coverage.
Answers
Qualified Long-Term Care policies may consider an applicant's pre-existing conditions for a maximum of not more than 6 months prior to the effective date of coverage.
When applying for a Qualified Long-Term Care (LTC) policy, insurance companies may evaluate an applicant's pre-existing conditions to determine coverage eligibility and premium rates. However, there are limitations on how far back they can consider these conditions. The maximum period commonly used is 6 months prior to the effective date of coverage.
During the underwriting process, insurance companies assess an applicant's health status, including pre-existing conditions, to evaluate the potential risk and associated costs. By considering the applicant's medical history within the specified timeframe, insurers can determine whether to provide coverage, impose exclusions, or adjust premium rates.The 6-month timeframe ensures that recent and relevant health information is taken into account while preventing insurers from accessing an extensive medical history that may not accurately reflect the current health status of the applicant.
Learn more about Long-Term here:
https://brainly.com/question/31375875
#SPJ11
Qualified Long-Term Care policy insurers, as per federal guidelines, can consider an applicant's pre-existing conditions for a maximum look back period of 6 months prior to the policy's effective date.
Explanation:The duration of the look back period when considering an applicant's pre-existing conditions for a Qualified Long-Term Care policy varies by insurer and jurisdiction, but the maximum period required by federal guidelines is typically 6 months. This means that insurers, for the purpose of establishing the terms and conditions of a policy, can review the applicants' health records and condition as far as 6 months back.
It's important to note that this 'look-back' period protects both the policy holder and the insurer by ensuring a fair assessment of the risk involved. Persons with significant pre-existing conditions may face higher premiums or may not be eligible for certain policy benefits. Always consult with a professional when considering long-term care policies to understand all the facets.
Learn more about Long-Term Care Policies here:https://brainly.com/question/32269281
#SPJ6
No matter if you are underweight, overweight, or at an appropriate weight, you still need exercise. A. true B. false
Answers
Answer:
A. true
Explanation:
Exercise helps people lose weight and lower the risk of some diseases. Exercising regularly lowers a person's risk of developing some diseases, including obesity, type 2 diabetes, and high blood pressure. Exercise also can help keep your body at a healthy weight. Exercise can help a person age well.
an economy at its production possibilities frontier is operating is called
Answers
We refer to an economy as engaged in efficient production when it operates within its production possibilities curve.
What is The Production Possibilities Curve ?There are few production factors in an economy; They can't make as many products and services as they want. A graphical representation of the various combinations of goods and services that an economy can produce is known as a production possibilities curve. The production possibilities model is shown by it. We will assume that the economy can only produce two goods and that the quantities of factors of production and technology available to the economy are fixed when drawing the production possibilities curve.
To learn more about production possibilities visit :
https://brainly.com/question/15238948
#SPJ4
Creating graphs to reach equilibrium
Answers
On a graph, the point the place the grant curve (S) and the demand curve (D) intersect is the equilibrium.
How do you draw a demand and supply curve at equilibrium?Put the quantity of the top you are requested to analyze on the horizontal axis and its charge on the vertical axis. Draw a downward-sloping line for demand and an upward-sloping line for supply. The preliminary equilibrium charge is determined with the aid of the intersection of the two curves. Label the equilibrium solution.
The equilibrium curve of a given shape represents, to some extent, its behavior. This curve is developed in an (n + 1) dimensional house if the device is of finite dimensions; otherwise, for continuum structures (such as beams, plates, shells, and deformable our bodies in general), the corresponding area is infinite.
Learn more about equilibrium graph here:
https://brainly.com/question/14297698#SPJ9Newsela Minimum wages
Answers
1) (C) The Congressional Budget Office released a mixed-bag analysis in 2014
that found that adopting a $10.10 minimum wage nationwide would lift
900,000 people out of poverty while eliminating 500,000 low-income
jobs.
2) (B) 2 and 3
You have to figure the rest out
hope it helps!
How do I Identify ways in which local businesses apply the marketing concept domestically and abroad and determine how it affects the business customers?
Answers
Invest in sponsored social media marketing campaigns or run Face-book banner advertising. Retargeting advertising should be used for prospects who have already visited your website. Customers social media contests to attract new clients.
Promote your products on the radio or television. International marketing is vital since it exposes your company to a bigger, global audience. On a brand level, foreign marketing provides opportunities for improved exposure, product awareness, and sales. Local marketing Customers is when you market your business to people within a certain geographical radius, such as those in your neighborhood or city. By focusing on a single area, you can begin to raise awareness of your products and services in the market that is nearest to you.
To learn more about marketing, click here.
https://brainly.com/question/13414268
#SPJ1
Which of the following can cause a run-time error?
A programmer anticipated a positive whole number, and the user input a negative decimal value.
A programmer anticipated text data, and the user input text data.
A programmer anticipated numeric data, and the user input numeric data.
A variable was not defined because of a typographical error in the definition of that variable.
Answers
Answer:
A programmer anticipated a positive whole number, and the user input a negative decimal value.
Explanation:
Edge : )
Answer:
A programmer anticipated text data, and the user input text data.
How does hrm promotes employees well being in both industries
Answers
HRM (Human Resource Management) promotes employees' well-being in both industries through a variety of strategies and practices.
These include:
1. Providing competitive compensation and benefits packages: HRM ensures that employees are adequately compensated for their work and have access to benefits such as health insurance, retirement plans, and paid time off.
2. Creating a positive work environment: HRM works to create a work environment that is supportive, respectful, and free from discrimination and harassment.
3. Offering professional development opportunities: HRM provides employees with opportunities to learn new skills and advance their careers through training programs and educational opportunities.
4. Promoting work-life balance: HRM encourages employees to maintain a healthy balance between their work and personal lives by offering flexible work schedules and paid time off.
5. Providing employee assistance programs: HRM offers resources such as counseling and support groups to help employees cope with personal and work-related issues.
Overall, HRM plays a crucial role in promoting employees' well-being in both industries by ensuring that they are adequately compensated, supported, and provided with opportunities for growth and development.
Learn more about HRM at: https://brainly.com/question/14419086
#SPJ11
Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
Answers
True/false? a contract is created when an offerer promises to keep an offer open for a specified period and in return the offeree pays consideration
Answers
A contract is not created when an offeror promises to keep an offer open for a specified period and the offeree pays consideration.
Therefore the answer is False.
This type of agreement is called an option contract, which is a separate and distinct contract that is used to keep an offer open for a certain period of time in exchange for payment or other consideration. An option contract creates an obligation on the part of the offeror to keep the offer open for the specified period, but it does not create a binding contract to buy or sell the underlying subject matter. Instead, it gives the option holder the right to accept the offer and create a binding contract during the option period, or to let the option expire without any further obligation.
To know more on option contract
https://brainly.com/question/27453954
#SPJ4
Which of the following would increase aggregate demand?
Answers
Increase in income
Explanation:
abdullah's cable company increases output when it is able to price discriminate. what will happen to social welfare in this market?
Answers
When a cable company is able to price discriminate, it means that it can charge different prices to different groups of consumers based on their willingness to pay. This allows the company to increase its output and revenue, as it can sell to more customers who are willing to pay a lower price.
What exactly is pricing discrimination?Price discrimination is a pricing strategy where a seller charges different prices to different customers for the same product or service, based on their willingness to pay. The goal of price discrimination is to increase revenue by capturing more of the consumer surplus, which is the difference between the maximum price that consumers are willing to pay and the actual price they pay for a good or service.
There are several ways in which price discrimination can occur. One common method is to offer discounts or coupons to certain groups of consumers, such as students or senior citizens while charging others a higher price. Another method is to charge different prices based on the quantity purchased, such as offering a bulk discount for a larger purchase.
To learn more about revenue, click
https://brainly.com/question/28558536
#SPJ1
which fundamental element of a political unioin did the european union (eu) lack as a result of britain's decision to opt out of provisions such as the eu charter of fundamental rights, the schengen agreement, and the eurozone
Answers
Assume that cookies and cupcakes are substitutes in production. Suppose there is an increase in the price at which cupcakes are sold. How will this affect the supply curve for cookies? 1) Supply of cookies will increase. 2) Supply of cookies will decrease. 3) Supply of cookies will not change, but quantity supplied will decrease. 4) Supply of cookies will not change, but quantity supplied will increase.
Answers
An increase in the price of cupcakes, when cookies and cupcakes are substitutes in production, leads to a decrease in the supply of cookies. Producers are motivated to shift resources towards cupcake production, reducing the quantity of cookies available in the market. This highlights the relationship between price changes and the supply curve of related goods.
When cookies and cupcakes are substitutes in production, an increase in the price of cupcakes will affect the supply curve for cookies. This is because producers will have an incentive to switch their production from cookies to cupcakes, which are now more profitable.
As the price of cupcakes increases, producers will allocate more resources towards cupcake production, resulting in a decrease in the supply of cookies. This is because resources that were previously used for cookie production will be reallocated to cupcake production.
Therefore, the correct answer is: 2) Supply of cookies will decrease.
To understand this concept, imagine a bakery that produces both cookies and cupcakes. If the price of cupcakes increases, the bakery may decide to produce more cupcakes to take advantage of the higher profit margins. As a result, they will decrease the production of cookies.
It's important to note that this answer assumes a few key factors, such as the substitutability of cookies and cupcakes in production and the assumption that producers act rationally in response to price changes.
Learn more about production:
https://brainly.com/question/31859289
#SPJ11
What is money that a borrower owes a lender?
credit
O debt
O income
O loan
Answers
Answer: loan.
Explanation:
which of the following serves as a motive for an organization or venture to qualify as a partnership?
Answers
There are several motives for an organization or venture to qualify as a partnership. One of the main motives is to pool resources, skills, and expertise between two or more individuals to start a business.
A partnership is a type of business entity formed by two or more people who share ownership and management responsibilities. In a partnership, each partner contributes to the business in terms of capital, skills, or labor, and shares in the profits and losses of the enterprise.
One motive for an organization or venture to qualify as a partnership is to benefit from the shared resources, expertise, and capital of the partners. By pooling their resources, partners can achieve economies of scale and undertake larger projects than they could individually. Partnerships also allow for shared decision-making and risk-sharing, which can be particularly beneficial for small businesses and startups. Another motive for forming a partnership is to take advantage of the tax benefits of pass-through taxation.
To learn more about Partnership visit here:
brainly.com/question/9909227
#SPJ4
A decrease in the price of eggs will: Group of answer choices increase the quantity supplied of eggs. increase the demand for eggs. decrease the supply of eggs. increase the quantity demanded for eggs.
Answers
Answer:
increase the quantity demanded for eggs.
Explanation:
According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied. there is a positive relationship between price and quantity supplied.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded
So, a decrease in the price of eggs will decrease the quantity supplied and increase the quantity of eggs demanded.