All categories

2 years ago

Which characteristics describe customers who are more likely to have high assets and medium-low debt?

Business

1 answer:

Zielflug [23.3K]2 years ago

7 0

Customers with credit cards with no balance are more likely to have high assets and medium-low debt.

<h3>What do you mean by Credit card?</h3>

A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.

Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.

Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.

To learn more about credit card refer:

brainly.com/question/11199005

#SPJ2

You might be interested in

Which statement describes an hourly wage job? Each paycheck is the exact same regardless of number of hours worked. Each paychec

tangare [24]

Answer:

If an employer wants the employee to work more hours in a week, the result is a larger paycheck.

Explanation:

An hourly wage job means that you get paid according to the number of hours you work and your wage will be determined by this. If you work more hours your paycheck will be higher and if you work less hours it will be lower. According to this, the statement that describes an hourly wage job is: if an employer wants the employee to work more hours in a week, the result is a larger paycheck.

8 0

3 years ago

Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,

erica [24]

Answer:

$113,000

Explanation:

As we know ,

Working capital = Total current assets - total current liabilities

where,

Total current assets = Accounts receivable + cash + inventory + marketable securities + prepaid expenses

= $35,000 + $25,000 + $72,000 + $36,000 + $2,000

= $170,000

And, the total current liabilities = Accounts payable + accrued liabilities + short term notes payable

= $30,000 + $7,000 + $20,000

= $57,000

Now put the values to the above formula

So, the value would be equal to

= $170,000 - $57,000

= $113,000

3 0

3 years ago

According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend

Romashka-Z-Leto [24]

Answer:

FALSE

Explanation:

According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend more on the brand than those at the top. This is a false statement. True statement is, according to the BrandZ model, "Bonded" consumers at the top level of the pyramid build stronger relationships with and spend more on the brand than those at the top. This bonding is created in the very last step which is the ultimate result of the

Presence

Relevance

Performance

Advantage step, therefore the order becomes this:

Presence

Relevance

Performance

Advantage

Bonding.

7 0

3 years ago

Puck signs a check "pay to the order of Quik Mart" drawn on Puck's account in Regional Bank. Puck shows the check to Silky, who

Tatiana [17]

Answer: i would think a, b, or c

Explanation:

7 0

3 years ago

Crosby contracts with Subban whereby Crosby agrees to sweep Subban retail shop at the end of each work day. Before the first pay

Alchen [17]

Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.

<h3>What is contract?</h3>

A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.

Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.

All retail floor sweepers in Florida are required to be certified and pay annual dues.

As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.

Therefore, the contract is unenforceable.

Learn more about the contract, refer to:

brainly.com/question/2669219

#SPJ1

4 0

2 years ago