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1 year ago

Why do you think that auto loans have the lowest rejection rates among these credit types?

Business

1 answer:

Valentin [98]1 year ago

6 0

Answer:

An auto loan is a loan that person takes out in order to purchase a motor vehicle. Auto loans are typically structured as installment loans and are secured by the value of vehicle being purchased.A car loan is pretty much what you think it is: It is a personal loan, the proceeds of which are used to purchase an automobile. In return, the borrower agrees to pay back the lender the amount of the loan plus interest, usually in monthly payments, until the amount owed is fully paid off.

Buying a car can help you build a positive credit history if you pay the debt on time and as agreed. Failing to pay on time will hurt your credit. When you apply for a car loan, your application will probably be sent to multiple lenders. A new inquiry will be added each time a lender reviews your credit report

Explanation:

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Nessca corp. manufactures electronic gadgets. it instructs its marketing team to competitively advertise and promote its gadgets

Natasha2012 [34]

I guess the correct answer is be inward looking, focusing on selling what the firm makes.

Nessca Corp. manufactures electronic gadgets. It instructs its marketing team to competitively advertise and promote its gadgets. The company, instead of believing in market research, believes that the market will absorb more products if customers are made aware of the products. The workforce of Nessca Corp. is most likely to be inward looking, focusing on selling what the firm makes.

4 0

2 years ago

Read 2 more answers

Federal antitrust statutes are complex, but the basic goal is straightforward: to prevent a major industry from being so dominat

kicyunya [14]

Answer:

Since it is the supreme Court that has given this decision, there is nothing much an individual congressman can do alone or even a president.

However, since anti trust laws do not cover those which are not trade or Commerce in nature, a congressman can propose to inact new laws that cover Sports related economic activities. Or they can pass a new law to include the sports related financials in the anti trust laws. But this could change the structure and the purpose of anti trust laws.

Explanation:

6 0

1 year ago

Raul is the Chief Operating Officer (COO) of Black Mesa Inc., a firm that produces handcrafted kitchen tables for both the resid

quester [9]

Answer: A. Raul could gain access to cheaper raw materials in a foreign country, thus lowering the cost of his input factors.

Explanation:

Being able to produce goods at a lower cost is a good thing for a business because it means that the business can be able to sell at a lower price and therefore get more customers and increase overall profitability.

If Raul could access materials from a foreign company at a cheaper rate, this would be advantageous because his company can produce at a lower price and increase profitability.

8 0

1 year ago

Lori recently quit her job and decided to start her own company, which will sell makeup to small beauty salons. What should she

dedylja [7]

Lori has already decided she wants to sell beauty products and market them to small beauty salons. She now needs to decide how she wants to price her product so that the beauty salons will buy it. Option B. decide how to price her product is the next step that Lori should take. After she decided the price, she will have the what, where and how much and then she can move on to how she will advertise her product to the small beauty stores.

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2 years ago

Read 2 more answers

Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A

melomori [17]

Answer:

1. ROI for each division:

Division A Division B Division C

Return on investment (DuPont) = 23% 7% 11.6%

2. Residual income (loss) $469,500 ($106,950) $0

3. Divisions A and C will probably accept the opportunity while Division B will reject it.

Explanation:

a) Data and Calculations:

Division A Division B Division C

Sales $ 15,650,000 $ 35,650,000 $ 20,520,000

Average operating assets $ 3,130,000 $ 7,130,000 $ 5,130,000

Net operating income $ 719,900 $ 499,100 $ 595,080

Minimum required rate of return 8.00 % 8.50 % 11.60 %

Return on investment (ROI) (ordinary) 23% 7% 11.6%

ROI = Net operating income/Average operating assets * 100

Return on investment (DuPont ROI) :

Asset Turnover = 5 5 4

Sales/Average operating assets

Operating income margin =

Income/Sales * 100 4.6% 1.4% 2.9%

Return on investment (DuPont) = 23% 7% 11.6%

Asset Turnover * Operating income margin

Residual income =

Net income - (Equity * RRR) $469,500 ($106,950) $0

NB: Equity is approximated to the net operating asset here.

7 0

1 year ago