subject
Business, 07.06.2020 00:00 blevinsiman

PLZ HELP Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lender did not need her credit history. If she does not pay back the loan within three weeks, she will have to pay an extra $50. Raina says the loan is an example of easy-access credit while Maura says it is an example of open-end credit. Which statement about the loan is correct?

A) Raina is correct because the loan is a line of credit.

B) Maura is correct because the loan has an interest rate.

C) Raina is correct because the loan has a large fee if it is not repaid on time.

D) Maura is correct because the loan does not have an annual fee.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:00
Granby foods' (gf) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. the yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. the company has 10 million shares of stock, and the stock has a book value per share of $5.00. the current stock price is $20.00 per share, and stockholders' required rate of return, r s, is 12.25%. the company recently decided that its target capital structure should have 35% debt, with the balance being common equity. the tax rate is 40%. calculate waccs based on book, market, and target capital structures. what is the sum of these three waccs?
Answers: 3
question
Business, 22.06.2019 07:00
Amarket that consists of all possible consumers regardless of their specific needs or wants is a
Answers: 1
question
Business, 22.06.2019 19:00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
question
Business, 22.06.2019 23:30
Sports leave thousands of college athletes with little time for their studies. this is an example of
Answers: 1
You know the right answer?
PLZ HELP Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work...
Questions
question
Mathematics, 02.09.2021 03:30
question
Chemistry, 02.09.2021 03:30
question
Mathematics, 02.09.2021 03:40
Questions on the website: 13722361