Business

Kailey Huber

20 May, 17:46

Why do smart consumers often make a down payment when using credit to purchase a good?

A) It reduces risk to the consumer.

B) It eliminates interest charges.

C) It reduces the cost of the financed good.

D) It reduces the interest paid to finance the good.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Why do smart consumers often make a down payment when using credit to purchase a good? A) It reduces risk to the consumer. B) It eliminates ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Which of the following best describes the uses of private land? a. Private land cannot be used to operate 4es. b. After initial construction. the uses of private land do not change. c. It can be used for a variety of activities and 4es. d.

Which is not a secondary consideration when locating a retail store

A stock sells for $60. The next dividend will be $3 per share. If the rate of return earned on reinvested funds is 10% and the company has a payout ratio of 40% of earnings in the firm, what must be the discount rate (r) ?

A project has the following cash flows. What is the internal rate of return? Year 0. - 46800 Year 1. 11260 Year 2. 18220 Year 3. 15950 Year 4. 13560

Hansen Construction, Inc., has consistently used the input method based on costs incurred to recognize revenue over time. During Year 1, Hansen started work on a $3 million fixed-price construction contract.

New Questions in Business

S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2018, S&L purchased Coca-Cola bonds at par for $700,000 and sold the bonds on January 3, 2019, for $702,000.

Why might the cartel model still make sense even when OPEC produces less than half of the world's oil?

Your best friend says they don't think insurance is important. Explain to them why it is important to have insurance. How is having insurance important for successful financial management?

As a smart customer you are always on the lookout for sales coupons and rebates while shopping for new clothes you notice that one particular brand of shirts is on sale for 20% off the original price you also h e a coupon for 10$ off a 40$ purchase

Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) $ 230,000 Cost of goods sold 135,000 Gross margin 95,000 Selling and administrative expense 43,000 Net operating income 52,000 Interest expense