If you are making a purchase that you know that you will not be able to pay off for a relatively long period of time, you should seek which type of credit and why
What will be an ideal response?
Answer: Installment credit. It is designed for a longer repayment period with structured monthly payments of principal and interest.
You might also like to view...
The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 280,000 Total assets $375,000 Liabilities and Stockholders' Equity Current liabilities $
60,000 Long-term liabilities 95,000 Stockholders' equity—Common 220,000 Total liabilities and stockholders' equity $375,000 Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 15,000 Net income $30,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the rate earned on stockholders' equity? a. 7.3% b. 13.6% c. 20.5% d. 40.9%
Which of the following sentences uses the adjectives "each other" and "one another" correctly?
A. Allen and Tim are good to each other. B. Helen and Ruth are always in disagreement with one another. C. The four friends could not see eye-to-eye with each other. D. The two sisters looked exactly like one another.
For Proposal 2, the annual incremental after-tax cash flow from operations for year 2 is ________. (See Table 11.2)
A) $18,000 B) $24,000 C) $56,000 D) $84,000
Which of the following is not a practice that degrades the results and usefulness of search engines?
A) social search B) link farms C) content farms D) click fraud