What are consumer finance companies? 1) Groups or individuals that lend money at high interest rates in return for goods as collateral 2) Cooperative agencies organized by consumer for the purpose of saving and borrowing at competitive rates 3) State-licensed firms that make installment cash loans to customers 4) State-licensed institutions that make high-interest installment loans to customers for a variety of goods 5) Federally or state-licensed organizations that make fairly competitive loans for a variety of consumers

What are consumer finance companies? 1) Groups or individuals that lend money at high interest rates in return for goods as collateral 2) Cooperative agencies organized by consumer for the purpose of saving and borrowing at competitive rates 3) State-licensed firms that make installment cash loans to customers 4) State-licensed institutions that make high-interest installment loans to customers for a variety of goods 5) Federally or state-licensed organizations that make fairly competitive loans for a variety of consumers

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter24: Price-searcher Markets With High Entry Barriers

Section: Chapter Questions

Problem 12CQ

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1. Suppose that you are in charge of purchasing for a U.S. corporation that is planning to acquire a large number of new computers. The company's computer specialist has identified two models, one Japanese-made and one U.S.-made, that meet the necessary specifications. Since the two models are essentially equivalent, the company will buy the one with the lower price. Suppose the U.S.-made computer costs $2,400, and a similar Japanese-made computer costs 242,000 yen. If the nominal exchange rate is 110 yen per dollar, which computer is a better buy? (Hint: calculate the real exchange rate for computers)
What is the main advantage for an LLC or Corporation? Select one: O a. taxes O b. to avoid personal liability O C. to raise capital O d. easy to create
As compared to fixed-rate mortgages, adjustable rate mortgages (ARMS) result in which of the following: I. Higher initial interest rate risk on the loan II. Lower initial interest rates on the loan III. The potential for higher interest rates on the loan O A. I, II, and III O B. I and II only O C.I and III only O D.I and III only OE. None of the above
32.23 Millie Bush has written a best-seller. Revenues net of production costs are $3007¹/34¹/3 where T is the number of publicity trips Millie takes and A is the number of ads for the book that appear. Millie has to pay for all of her own publicity trips, which cost $100 each. Her publisher pays for the advertising, which costs $100 per ad. Revenues from the book are split equally between Millie and her publisher. Let T1 be the number of trips that Millie would choose to make in a Nash equilibrium where she chooses the number of trips and the publisher chooses the amount of advertising. Let T2 be the number of trips that Millie should make if trips and advertising are determined so as to maximize total profits net of trip and ad costs. (a) T1 = 1 and 72 = 1. (b) T1 = 1 and 72 = 2. (c) T1 = 2 amd T2 = 1. (d) T1 = 1 and T2 = 1/8. (e) T1 1/8 and T2 = 1.
Question 13 Select the correct statement: Your interest rate on your loan with the credit card company can go up big O A. time if you make late payments, or go over your credit limit. Your interest rates on your loan with many credit card companies can go up O B. big time if you make late payments on other bills that have nothing to do with your credit card. Your interest rate on your loan with many credit card companies can go up C. big time for no reason at all. O D. All of the above. Question 14 Save and Quit s a really tough question. Select the correct statement: DELL 24 &
A financial institution contemplating giving a loan to an entity would be most interested in: O the entity's ability to generatevash flows. O an entity's ability to generate profits. O an entity's ability to pay its employees. O an entity's ability to pay its suppliers.
HOW DO YOU SEE IT? The graphs labeledL1, L2, L3, and L4 represent four differentpricing discounts, where p is the originalprice (in dollars) and S is the sale price (indollars). Match each function with its graph.Describe the situations in parts (c) and (d).5 10 1551015pSSale price (in dollars)Original price (in dollars)L1L3L4L2(a) f(p): A 50% discount is applied.(b) g(p): A $5 discount is applied.(c) (g ∘ f)( p)(d) ( f ∘ g)( p)
Mr.Abdullah specializes on Arbitrage trading. He has got the following quotes regarding 3 currencies GBP 0.739541 / USD AUD 1.3081 / USD GBP 0.563789 / AUD Now he wants to use USD 1000000 and make a profit. Answer the following questions based on the data given above. After converting from USD to GBP and from GBP to AUD, How much will he get in converting AUD to USD in the above process? a. 1715879 b. 1002777.804 c. 739541 d. All the options are wrong e. 1311733.645 After converting from USD to GBP, How much will he get in converting GBP to AUD? a. 739541 b. 1002777.804 c. 416945 d. None e. 1311733.645 How much will he get in converting USD 1000000 to GBP? a. 1311733.645 b. 1002777.804 c. None d. 739541 e. 1352190 Which cross rate should he calculate and compare with actual quotes to make sure that he will get profit a. GBP/AUD b. USD/AUD c.…
And plug label until the enc the same terms). Note that adding a negative number is the same as subtracting a pc nts $182.5 $104.6 +I + $48.8 – $5.2 Now group together the constants on the right-hand side: $182.5 = $104.6 + $48.8 – $5.2 +| еВook $182.5 = $148.2 +1 Print And get the unknown variable I on one side by itself by subtracting $148.2 from both si $182.5 - $148.2 = 1 References And simplify to solve for I: | = $34.3 billion An equation for Aggregate Expenditure is: AE = $3600 – 0.8Y, In equilibrium, Income 'Y' = Aggregate Expenditure 'AE! Solve for Y. Y = $ ........: Mc Graw Hill < Prev 3 of 5 Score ans MacBook Air F1 F2 F3 F4 F5 F6 F7 #3 2$ & 1 2 3 4 Q W R Y
Forty thousand potential customersof a cable TV franchise are each willing to pay $11/month for HBO and $11/month for Cinemax. Twenty thousand potential customers are willing to pay $20/month for HBO and only $5/month for Cinemax. Assume costs are zero. If the franchise sells the two services in a bundle, it should charge1: $312: $253: $224: $205: $18
. Wood, the receiver of Stanton Oil Company, suedStanton’s shareholders to recover dividends paid to themfor three years, claiming that at the time these dividendswere declared, Stanton was in fact insolvent. Wood didnot allege that the present creditors were also creditorswhen the dividends were paid. Were the dividendswrongfully paid? Explain
3. Markland Manufacturing manufactures desk lamps intends to increase capacity by obtaining newequipment. Two vendors have presented proposals. The purchase cost for proposal A is $30,000,and for proposal B, $80,000. Each proposal will produce lamps of the same quality. Proposal Ais expected to produce lamps at $15.00/lamp, while proposal B is significantly more efficient andwill produce them at $10.00/lamp. The revenue generated by the sale of each lamp is $20.00/unit.a. Plot, on the same graph, the lines describing the potential revenue from each proposal.b. What is the break-even point in lamps for proposal A?c. What is the break-even point in lamps for proposal B?d. What is the point of indifference?e. The manufacturer expects to sell 12,000 lamps and has informed the vendors that it has chosen proposal B. The vendor of proposal A has offered to re-negotiate the purchase price of its proposal in order to win