Anthony newton wants to buy a new sail boat. he makes a down payment of $10,000 which represents 20% of the value of the sail boat he is purchasing. in which way is anthony reducing his lender's risk?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Anthony newton wants to buy a new sail boat. he makes a down payment of $10,000 which represents 20% of the value of the sail boat he is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On December 31,2018, Infinity Inc. records an adjusting entry to accrue interest on a note. On January 31,2019, Infinity receives a check for $4,680, which represents two months of accumulated interest on the note.
Answers (1)
Parker Company uses the perpetual inventory system. It bought merchandise on account from Beige Inc, invoice no. 342, $20,000; terms 1/15, n/30; dated June 25; FOB San Francisco, freight prepaid and added to the invoice, $1,800 (total $21,800).
Answers (1)
During market testing, Sensation Cosmetics (SC) realized that the cosmetics industry was dominated by multiple, well-established brands. These brands mostly sold their products in exclusive outlets and departmental stores.
Answers (1)
A greenfield investment is the best choice when: a. government mandated benefits are high b. the investor has a lack of capital c. there's a lack of suitable potential employees d. sustainability is at the core of the corporate mission e.
Answers (1)
Which of the following is not a necessary condition for price discrimination to hold? The seller must be a price searcher. The seller must be able to distinguish between customers willing to pay different prices.
Answers (1)
New Questions in Business
Suppose the risk-free return is 4%. The beta of a managed portfolio is 1.2, the alpha is 1%, and the average return is 14%.
Answers (1)
If fixed costs are $1,291,000, the unit selling price is $238, and the unit variable costs are $105, what is the amount of sales in units (rounded to a whole number) required to realize an operating income of $217,000? a. 5,424 unitsb. 11,338 unitsc.
Answers (1)
Department W had 2,400 units, one-third completed at the beginning of the period; 16,000 units were transferred to Department X from Department W during the period; and 1,800 units were one-half completed at the end of the period.
Answers (1)
Nieland Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $288,000 and a remaining useful life of 8 years.
Answers (1)
Which of the following is a disadvantage of a partnership? a. potential conflicts among partners c. access to fewer resources than a sole proprietorship b. limited liability d. specialization
Answers (1)