why would you want to offer a down payment on an item such as a car or a house?​

Answers

Answer 1

Answer:

A down payment helps the buyer to obtain ownership of the property or vehicle and also helps them to reduce the monthly payment towards the mortgage principal and interest. The buyer can get a lower interest rate by paying a higher down payment.

Answer 2
When you buy expensive items with a loan, you often need to make a down payment to cover a portion of the purchase price. That initial payment is often critical for getting approved, and it can affect your borrowing costs throughout the life of your loan. As a result, it’s wise to understand how down payments work so you can choose the right down payment amount.

Related Questions

Throughout the process of establishing its strategy, Acer’s leadership has monitored the strategies of HP and other PC manufacturers to determine the threats and opportunities presented by these competitors. This process is called ________.


A. a threat analysis

B. strategic planning

C. competitive analysis

D. differentiation strategy

E. environmental scanning

Answers

Answer:

C. competitive analysis

Explanation:

From the question we are informed about instance whereby Throughout the process of establishing its strategy, Acer’s leadership has monitored the strategies of HP and other PC manufacturers to determine the threats and opportunities presented by these competitors. In this case The process is called competitive analysis. Competitor analysis can be regarded as a strategic management which involves assessing of both weakness as well as strength of potential competitors. This method helps in identification of opportunities as well as threats.

Loan 1:
Loan Amount: $10,000
Interest Rate: 12 percent
Loan Term: 12 months
Upfront fees: $125.00
Monthly Payment: $888.49

What is the total amount paid on Loan 1?

Answers

Answer:

$10,786.88

Explanation:

The total amount paid on loan will be the sum of monthly payments and the deposit paid.

Monthly payments = $888.49 per month

Number of months = 12

Total monthly payments :  $888.49  x  12= $10,661. 88

Upfront fee( deposit) $125

Loan amount

=$10,661. 88 + $125

=$10,786.88

What is the answer ??? 10 points

Answers

Answer:

Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.

Explanation:

A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates

Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)

Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.

Answers

Answer:

Trucks can go anywhere that there are roads.

Explanation:

Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.  

When businesses are waiting for a customer to pay them for
merchandise they bought on credit, the money owed to the business is
part of the business's? *

Answers

A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and acrrued expenses
The money owed to the business is considered a part of the businesses assets.

if a company defaults on a loan, the organization that granted the loan may be able to seize the assets of the company.
true or false

Answers

This is indeed true

Payments due for products or services purchased on credit by customers are:
accounts payable
accounts receivable
cash flow
income

Answers

Answer:

accounts payable

Explanation:

Accounts payable represents the company's obligations to supplies and other third parties that the business owes. It is money that the business should payout to its suppliers. When a business purchases goods and services on credit, it incurs liabilities. Accounts payable are debts and are classified as current liabilities.

When are conflict resolution skills required in the consumer service industry?
A. When the customer service representative is following up with a customer after their Issue has been resolved.
B. When the customer service representative has personally offended the customer
C. Any time a customer requires assistance from a customer service representative.
D. When the customer is not in a frame of mind to begin the assessment phase of customer service.​

Answers

Answer:

C

Explanation:

..

Answer:

When the customer is not in a frame of mind to begin the assessment phase of customer service.

Explanation:

Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
a. True
b. False

Answers

True !! Can I be marked as brainliest ?!

Food, shelter, and clothing are examples of:

Answers

Answer: your basic needs :c

Explanation:

Answer:

Important Resources. Needs. Stuff a homeless person wants. (Give to the homeless tho)

Explanation:

Do many companies like it when you look like a fool?

A. No. All companies just want to help us.

B. Definitely! The job of many companies is to make money, not to do what is right for you... If you look like a fool, they make more money.

C. No. The government protects you against companies when they try to make you look like a fool.

D. Yes. All companies try to make you look like a fool.

Answers

Answer:

A

Explanation:

I dunno what to say lol-

No. The government protects you against companies when they try to make you look like a fool. Therefore option C is correct.

What is A Company?

A company is a legal body created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate legislation of its jurisdiction, a business may be set up in a variety of ways for tax and financial liability purposes.

When a corporation registers with the government and under the provisions of the companies act, it can begin conducting business. A memorandum of association, board of directors, share prices, shareholders, name, office, phone number, address, and other legal documents are required as part of the protracted registration process for a corporation.

To learn more about the Company follow the link.

https://brainly.com/question/18596476

#spj5

When Martin reads a story out loud, he stops to emphasize all important words and even makes funny voices to go along with the story. What element of reading fluency is Martin using?
rate

accuracy

speed

expression

Answers

Answer:

It's expression or on edge D

Explanation:

Answer:

D

Explanation:

good luck :)

According to the article, what should you do if you suspect your boss of unethical business practices?

Answers

Answer:

Report it to the right person

Explanation:

According to the article titled "What to do when you spot your employer doing something illegal" written by Catherine Conlan.

It says the best thing to do is to report it to the right person.

This is evident when it is stated in the article that "If you reasonably believe your employer is doing something illegal or unethical, you should first bring it to your supervisor’s attention... If it’s your supervisor you suspect, exhaust the chain of command within the company.

Hopefully, the company will investigate the matter. If no one within the chain of command responds, then there is generally a government agency with whom one can file a complaint,"

Answer:

If you suspect your boss of unethical practices you should, first, analyze the "ethical breach" of the situation. Depending on the situation's seriousness, it must be dealt with accordingly. If it is a small situation, it can likely be resolved by simply pointing out the issue, and making sure the proper expectation is stated. If the situation is more serious but not yet illegal, you need to make sure you have all the facts and proof of the situation before reporting it, due to the fact that you could, unfortunately, lose your job. If the situation is considered illegal, you need to report it to Human Resources, without revealing that you reported it, so that they can deal with it properly.

In certain economy pple save part income in financial sector and use remaining part for consumption the govt decides to increse tax rates for evryone in that economy what effects will the tax increase have on savings and invwestment in the economy

Answers

Answer: Savings decrease, and investment decreases

Explanation:

A tax is referred to as a levy which is imposed on the people in a particular country so that the government can generate revenue.

When there's an increase in the tax rate, it simply means that the government wants to generate more money. This will have an effect on the consumption, savings and investment of the individuals in the economy as their savings will be reduced, consumption reduces and investment reduces as well.

What do you think would happen if the Internet shut down or went away? How would it change the way people live their lives? Do you think this would be mostly positive or mostly negative?

Answers

Answer:

Honestly I think it would be mostly negative without the internet, because if the internet got shut down we would not be where we are now today

Explanation:

:)))

Each fire department member has a specific duty to perform. Match each position with the appropriate role or responsibility.

Answers

Answer:

I'm working on this too man. lemme finish it up and ill tell you the answers

Explanation:

Select the correct answer. Richard runs a small manufacturing business. Recently, he discovered that some of the financial transactions recorded in the account books seem misleading. He suspects that some of his employees might be misusing the business’s cash reserves. Which of these measures of internal accounting controls may Richard take to avoid such instances in the future?
A.  firing all the employees in the given department
B.  reducing the salaries of suspected employees
C.  sanctioning financial transactions in advance in the future
D.  organizing a conference to discuss such issues ​

Answers

Answer:

C.  sanctioning financial transactions in advance in the future

Explanation:

Sanctioning a financial transaction means approving or authorizing a transaction to be executed. Requiring approval for financial transactions is one of the measures of internal control. Employees are required to seek approval from management or authorities before proceeding with transactions.

Richard should demand that he sanctions all transactions in advance. Through this measure, he will get details and explanations of financial transactions before they happen.

The study of economics focuses most on...
A. all of the above
B. explaining how people deal with scarcity
C. explaining how incomes are earned and jobs are created
D. studying how things are made bought, sold, and used

Answers

A, all of above because they are all the study of economics

What is a appropriately
What is a Procedure
What is a Enthusiasm
What is a Conflict
What is a Technique
What is a Obtain
What is a conflict management

have a great day​

Answers

Answer:

-What is a appropriately?

in a manner that is suitable or proper in the circumstances.

-What is a Procedure?

an established or official way of doing something.

-What is a Enthusiasm?

Enthusiasm is intense enjoyment, interest, or approval. The word was originally used to refer to a person possessed by God, or someone who exhibited intense piety.

-What is a Conflict?

a serious disagreement or argument, typically a protracted one.

-What is a Technique?

A technique is a method of doing some task or performing something.

-What is a Obtain?

to come into possession of; get, acquire, or procure, as through an effort or by a request: to obtain permission; to obtain a better income.

-What is a conflict management?

Conflict management is the process of limiting the negative aspects of conflict while increasing the positive aspects of conflict

(^o^)

Answer:

i dont know the answer because i dont know the question

Explanation:

Please help I don't understand... T_T
Emma has a summer job which pays $1,595 for the entire summer. If 23% is taken out for federal taxes, then how much is deducted?

Answers

To put the question simply, we need to find out what the value of 23% of $1,595 is: $1,595 / 100 = 15.95 x 23 = $366.85. So, $366.85 is deducted. Hope this helps!

This is a "Communication and Speech course"****************Based on the Book: Looking In, Looking Out
I'm confused with this discussion board question and would appreciate if someone would help me. Thank you.

Examples

That’s the most disgusting thing I’ve ever heard!

Analysis: This isn’t a satisfactory statement, since the speaker isn’t clearly claiming that he/she is disgusted. The speaker doesn’t seem to recognize feelings , doesn’t verbally express a feeling

and doesn’t accept responsibility by using “I” language.

Restatement: I’m upset and angry that those parents left their young children alone overnight .

You’re being awfully sensitive about that.

Analysis: The speaker is labeling another’s feelings but saying nothing about his/her own feelings. We don’t know if the speaker is concerned, irritated, or indifferent.

Restatement: Fill it out for me please

1. I feel as if you’re trying to hurt me.

Analysis: Fill it out for me please

Restatement: Fill it out for me please

2. I am confused about what you want from me.

Analysis:Fill it out for me please

Restatement: Fill it out for me please

3. You make me so mad when you’re late.

Analysis: Fill it out for me please

Restatement: Fill it out for me please

4. I’m sort of upset with your behavior and a little bit annoyed that you are not apologizing.

Analysis: Fill it out for me please

Restatement: Fill it out for me please

5. I see you’re all in there enjoying the game while I clean up the kitchen.

Analysis: Fill it out for me please

Restatement: Fill it out for me please

6. I feel like the rug’s been pulled out from under me.

Analysis: Fill it out for me please

Restatement: Fill it out for me please

Answers

Answer:

nothing unferstanding

What were the first cities like?

Answers

the first cities were based of food production and transport most where by seas and streets names were by meats :)

When the United States spends money on education, does this cause the nation's GDP to grow or decline?

Answers

Answer:

the gdp of the united states stays the same because the money the put into it is the tax payers money

Explanation:

Irving purchase a car for $5,000 his interest rate is 10% for the year how much will he pay in one year's time​

Answers

Answer:

$500

Explanation:

The cost of the car is $5000

the interest is 10% per year

the interest paid in one year time will be

I= p x r x t

p = $5000; r =10% or 0.1 ;and t = 1

I = $5000 x 0.1 x 1

I= $500 x 1

Interest payable in one year is $500

12. The type of line used to make a hairstyle appear longer and narrower is a(n):
a. open line
c. contrasting line
b. vertical line
d. curved line

Answers

Answer:

Vertical lines

Explanation:

In simple words, In hair fashion, vertical lines establish length and height. When the eye traces the lines up and down, they render a hairstyle look longer and narrower . Along the horizontal as well as vertical sides, diagonal rows are placed. They are also utilized to highlight facial expressions or diminish them.

Thus, from the above we can conclude that the correct option is A.

What is one advantage and one disadvantage of the global economy for American workers

Answers

An advantage is that American workers can be paid higher wages for the work they do which is also more specialized. A disadvantage of that at the same time is that they get less jobs in the end as its cheaper to employ workers overseas in China.

The advantage is that American workers can be paid higher and a disadvantage is that same time get fewer jobs and end up as cheap employees.

What is the global economy?

A global economy is the economy of all human beings that is the world economy and refers to the global economic system that includes all economic activities that are connected within and between the nations. They include the protection, consumption, and exchange of finances.

The advantage of America is that they are paid higher as per specialisation but at the same time they have fewer jobs to offer that makes them low employees.

Find out more information about the global economy.

brainly.com/question/1311866

John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?

Answers

Answer:

$140,000

Explanation:

$150,000-$10,000= $140,000

It is a good idea to get and use an many credit cards as possible to build credit history. True False

Answers

False because you can get bad credit if you ever owe the bank money or if you made a late payment

Refer to this income statement to answer the question below. Forks Gym Income Statement For the Month Ended August 31, xxxx Revenue: Membership Fees Revenue Rental Revenue Instruction Revenue Total Revenue 10,000.00 3,000.00 4,000.00 17,000.00 Expenses: Advertising Expense Rent Expense Utilities Expense Total Expenses 3,000.00 4,000.00 1,000.00 8000.00 Net Income 9,000.00 What is the total revenue for membership fees?

Answers

Answer:

The total revenue for membership fees is $10,000.00

Explanation:

As per given data

Revenue:

Membership Fees Revenue 10,000.00  

Rental Revenue _________3,000.00

Instruction Revenue ______4,000.00  

Total Revenue __________17,000.00

Expenses:

Advertising Expense _____3,000.00

Rent Expense __________4,000.00

Utilities Expense ________1,000.00

Total Expenses  _________8,000.00

______________________________

Net Income ____________9,000.00

_______________________________

Net Income is calculated as follow

Net Income = Total revenue - Total Expenses = 17,000.00 - 8,000.00 = 9,000.00

Total revenue for the membership fee is in the revenue section and it is 10,000.00 only.

When it is necessary to inform a customer about a delay in their order, the proper communication format should be a ______.

Answers

Answer:

Business letter

Explanation:

A BUSINESS LETTER is type of letter which a company or an organization can use to communicate with their client or with other company or organization and the main aim or purpose of a BUSINESS LETTER include the following; It help to inform a customer or a client about an order , it can be use to make inquiring and it can be use to help inform a customer or client concerning the delay in the order the Customer made from the company or the reason why the order was delay among others, which is why BUSINESS LETTER is of paramount or important it enables a company or organization to pass information to their clients or to another company.

Therefore the proper communication format a commpany or an organization can use to inform a customer about a delay in their order should be a BUSINESS LETTER.

Answer:

b

Explanation:

edge

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