Allen imports furniture from China. He travels to his suppliers’ businesses three times a year to inspect how the furniture is made, the conditions at the factory, and how much workers are paid. When he is satisfied that the supplier meets his standards for humanitarian treatment of workers and ethical work practices, he places an order for furniture to be made by the company. The suppliers usually require part of the payment upfront or proof that payment will be made on delivery. Because Allen has been in business for many years, and has used the same bank for his business for the entire time he has been in business, he works out an agreement with his banker that the bank will advance him funds for a short-term at prime interest rate plus two percent. What kind of transaction did Allen enter into with the bank?

Answers

Answer 1

Answer:

Unsecured bank loan

Explanation:

Since in the question it is mentioned that Allen has been in business for many years also he used the same bank. As the supplier wants the payment proof so he took an advance funds from the bank for a short period of time with the prime rate of interest and having two percent add on

So this transaction would represent the unsecured bank loan as the bank financed some amount based on the relations maintained between the Bank and Allen for a short period of time without keeping any collateral property

So the same is to be considered


Related Questions

The text and background of a power point slide should be similar in color.

True or False

Answers

Answer:

False

Explanation:

distinguish between regional level and national level employment giving adequate example​

Answers

I don’t get it umm maybe try explaining it more

When unemployment is lower overall nationwide, this means that, in general, employees have more what?

Select one:
a. fear
b. choices
c. legal issues
d. tax breaks

Answers

Answer:

b. choices

Explanation:

Low unemployment means a big percentage of the labor force is actively engaged in income-generating activities. Adults seeking employment can easily find work. A country experiences low unemployment when the economy is growing at a high rate. Different sectors of the economy create many job opportunities when the economy is growing.

When they are many job opportunities in the market, employees have options. They can switch jobs without much struggle. Employers are compelled to compensate workers well to retain them.

The market rate of return is 11 per cent and the risk-free rate of return is 3 per cent. Lexant NV has 3 per cent less systematic risk than the market and has an actual return of 12 per cent. This equity:

Answers

Answer:

underpriced

Explanation:

Without mincing words, let us dive straight into the solution to the solution to the question. From the above problem, the following data or information are given:

=> market rate of return = 11 per cent, risk-free rate of return = 3 per cent,  Lexant NV = 3 per cent less systematic risk than the market, actual return = 12 per cent.

The expected return = [ 11% - 3%] × 0.97 + 3%  = 10.76%.

We are given the actual return to be 12% which is greater than the expected return which is 10.76%.

The equity is overpriced.

The function f(x) = 2,000(1 + )12t models the balance in a savings account.

The savings account had an initial balance of _ and compounds
_ at an interest rate of _

Answers

? wat class this for

Answer:

In the exponential function f(x) = P(1 + )nt :

P = principal value

r = the annual interest rate

n = number of compounding periods in a year

t = time in years

For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.

Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.

Explanation:

Explanation from PLATO

If a store has a “buy one, get one free” sale and an item costs $10, what is the marginal cost of the second item?
A) $7.50
B) $10
C) $5
D) $15
E) $0

Answers

It would be $0 because if you already bought one the second one is free and $0 you wouldn’t have to pay anything

If a store has a “buy one, get one free” sale and an item costs $10, then the marginal cost of the second item would be option E). 0.

What is marginal cost?

The marginal cost helps to determine the additional cost that a company has to incur while producing one extra unit.  In the case of buy one get one free item the final price tend to include the cost of both products.

Therefore, the marginal cost of the second product would be zero as the producer does not have to bear any additional cost as the product is free.

Learn more about cost here:

https://brainly.com/question/7448113

Economies experience sacracity because:

Answers


Scarcity helps people make more informed choices about how to use the resources that are available. The concept of scarcity works in business in the following ways: Scarcity is essential to the study of economics. A fundamental aspect of scarcity is the mismatch between supply and demand.

Provides a means to clearly show economic relationships in two-dimensional space. Economic analysis is often concerned with two variables confined to the upper-right (northeast) quadrant of the coordinate number system.

Answers

Answer:

Graphs

Explanation:

A graph is a pictorial representation that shows a relationship between two or more variables. In the context of economics, it represents the clearly relationship in two-dimensional space. Also the economic analysis would be concerned with respect to the two variables.

Therefore as per the given situation, the graph should be the answer

Hence, the same is to be considered

A graph is a representation of a relationship between two or more variables in a visual format. It illustrates the clear relationship in two-dimensional coordinate numbers in the context of economics.

What is the coordinate number?

In a complex or coordination compound or a crystal, the coordination number, also known as Ligacy, is the number of atoms, ions, or molecules that a central atom or ion has as its nearest neighbors.

Thus, graphic representation shows the relationships between variables.

Learn more about graphical representation here:

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an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract​

Answers

Answer: unilateral contract

Explanation:

An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.

Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.

Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.

What are u guys thankful for

Answers

Answer:

God waking me up this morning also thx for asking how bout you

Explanation:

A variable can be called or referenced before it has been defined.
O True
O False

Answers

Answer:

True.

Explanation:

Mark works as a business analyst and wants to manage tasks for timely delivery of projects. Which certification will help Mark achieve career growth?
A. project management certification
B. certification in business administration
C. strategic management certification
D. certification in information technology

Answers

Answer:

A. project management certification

hope this helps!

Determine what is wrong with the Language in each message, and rewrite using more appropriate language

1. A memo to staff: “employees cannot take more than 45 minutes for lunch.”

2. A letter to an applicant: “We don’t think you are the best candidate for the job. We have selected someone else, but you can apply for other jobs.”

3. An email to a coworker: “I can’t finish that chart cuz I gotta leave early to go to the Dentist.”

Answers

3..............................

If an employer agrees to give you constructive criticism of your interview performance, you need to listen carefully and take notes. true or false?

Answers

Answer: True

Explanation:

As the employed you work for the employer which means that it is best to act in a way that the employer deems appropriate.

If the employer therefore gives you constructive criticism, it is most likely to get you to act in a way that they deem appropriate. It would be best to listen carefully and take notes for reference because chances are that such advice will benefit you greatly with other employers or with your employees should you decide to set up your own shop.

The process of sending and receiving messages without using any spoken words defines _____.
a.
verbal communication
b.
nonverbal communication
c.
open communication
d.
empty communication

Answers

B. Nonverbal communication is communication without words spoken.

The process of sending and receiving messages without using any spoken words defines nonverbal communication. The correct option is B. The exchange of information through body language, gestures, facial emotions, created space, and other nonverbal cues is known as nonverbal communication.

What are the barriers to nonverbal communication?

Communication may be less effective if nonverbal clues, gestures, posture, and overall body language are not visible. Face-to-face contact is frequently more effective than phone calls, texts, and other technology-based communication methods.

The exchange of messages or signals using nonverbal cues like eye contact, gestures, posture, and body language is known as nonverbal communication. It involves the utilization of vocal and tactile clues, as well as kinesics, distance, physical settings, and appearance.

Thus, the ideal selection is option B.

Learn more about nonverbal communication here:

https://brainly.com/question/28517848

#SPJ2

Dante worked 10 hours per week at a grocery store last school year, earning minimum wage. His parents claim him as a dependent on their taxes, and he realizes he doesn't legally have to file a federal tax return for the year. Why might he want to do so anyway?

Answers

Answer:

Dante might want to get a refund.

Explanation:

Assuming that Dante earned $72.50 per week x 50 weeks = $3,625 total yearly income. Maybe his employer deducted $500 as federal income tax withholding during the year. The only way that Dante can recover the $500 withheld is to file taxes and request a refund. Since he earns a very low salary, Dante doesn't need to pay income taxes.

The minimum wage rate is 72.50 dollars per week of labor given. and the schools are open for say 10 months. Assuming the above calculations Dante has earned approximately 3200 dollars during the last school year.

To escape from paying unnecessary taxes as his income rate is still low, he wants to claim the refund that his employer must have deducted which can range from 500 dollars in total.

Dante's parents have claimed to be dependent on them for saving his taxes as his income slab is low and the taxes eat up a big chunk of his salary. It will not increase the liability of his parents taxation by a big margin.

Dante also might have plans to study further and the refund thus claimed will be useful in paying the school fees and will sponsor his education and his expenses on his own.

Further, if Dante files his returns for this year under no tax liabilities he will have an option to smartly claim an amount in the coming years and will save taxes from both the years.

Hence, Dante's parents claimed him to be dependent on them for smart tax saving purposes.

To know more about taxation, kindly refer the below link.

https://brainly.com/question/1687138

A power point can only strengthen your presentation.
True or False

Answers

Answer:

True

Explanation:

because it gives mor information

True because making a PowerPoint presentation makes you look more professional when talking about a topic

It is recommended that no more than three different fonts be used when creating a power point presentation.

True or False

Answers

True, when you are using more then three fonts on your PowerPoint it makes your presentation look less professional
True I just did this last week

It’s in the picture pleaseee I need this today

Answers

Answer:

Could you make it bigger?

Answer:

What are u asking

Explanation:

which type of college credit program does the statement describe?​

Answers

Answer:

Advance placement

Explanation:

Advanced Placement (AP) is a curriculum provided by the College Board in the United States and Canada, offering secondary school school students curricula and exams. American colleges and universities are eligible to award students with high exam results their placement and courses credit.

The College Board Advanced Placement (AP) Program allows candidates to finish college studies and prepare for AP exams, giving students the chance to receive university or placement points for certification.

answer : well i hope you have a great today bye

A measure that describes the cash remaining from operations after adjustment for capital expenditures and dividends is adjusted cash from operations. cash provided by operations. free cash flow. net cash provided by operating activities.

Answers

Answer:

free cash flow

Explanation:

The free cash flow is the cash flow in which the company cash would be initiated after cash outflows so that it maintained the capital assets

In simple words, the remaining cash that left after making an adjustment related to the capital expenditures and the dividend is known as free cash flow

Therefore the above is the answer

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