In 2010, the Largest Portion of Loans Made by Finance

question 15

Multiple Choice

In 2010, the largest portion of loans made by finance companies was ________, representing 43.3% of the loans.

• A)consumer loans
• B)factoring loans
• C)business loans
• D)real estate

---

Definitions:

Gross Profit

The profit from sales revenue remaining after the cost of goods sold is subtracted, but before accounting for overheads, payroll, taxes, and interest expenses.

Sales Returns

Goods returned to the seller by the buyer after the sale, leading to a reduction in sales revenue.

Discount Period

The timeframe within which a buyer can make payment less a discount for early settlement, encouraging quicker payment from customers.

Operating Expense Section

A part of the income statement that lists expenses related to the day-to-day operations of a business, excluding the cost of goods sold.