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spin [16.1K]
2 years ago
9

How does the use of credit influence businesses and the economy?

Business
1 answer:
Arada [10]2 years ago
8 0

Answer:

When consumers and businesses can borrow money, economic transactions can take place efficiently and the economy can grow. Credit allows companies access to tools they need to produce the items we buy. A business that couldn’t borrow might be unable to buy the machines and raw goods or pay the employees it needs to make products and profit.

Explanation:

hope this helps if not let me know

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On october 22, 2016, leahy corp. sold land to heller co., its non-wholly owned subsidiary. the land cost $122,000 and was sold t
Sveta_85 [38]
In this situation the answer is B. When Heller Co. sells the land to a third party. Capital gain is any money made (gained) off of a sale from an investment. Once Heller Co. sells the land the gain of the sale will be realized. 
6 0
3 years ago
If a small electric automobile manufacturer is able to gain the social return generated by its electric motor, its demand for fi
Law Incorporation [45]

Answer: shift to the left

Explanation:

The social return helps in comparing the value of benefits and the costs to achieving the benefits. The social return is the ratio of net present value of the benefits in comparison to the net present value of the investment or the costs to getting the benefits.

In this case, if a small electric automobile manufacturer is able to gain the social return generated by its electric motor, it would decrease the demand for financial capital which simply means that the demand for financial capital will shift to the left. This shift to the left is as a result of the gain in its social return gotten by the electric motor.

5 0
3 years ago
Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginnin
Veronika [31]

Answer:

Overhead rate= 34.24

Explanation:

Giving the following information:

Labor-hours for the upcoming year at 38,600.

The estimated variable manufacturing overhead was $5.90.

The estimated total fixed manufacturing overhead was $1,093,924.

Overhead rate= Estimated indirect cost/allocation measure

Overhead rate=[(38600*5.90+1093924)]/38600= 34.24

8 0
3 years ago
In the field of personal selling, persuasion:
asambeis [7]

Answer:

d. Is an acceptable strategy once a need has been identified and a suitable product has been selected.

Explanation:

A face to face selling of a product directly to business is one of the best example of personal selling e.g. cars, photocopier, office equipment etc.

5 0
3 years ago
When a business owner purchases a new truck on credit for his business,what impact does this purchase have on his owner's equity
-Dominant- [34]

Answer:

Assets = Liabilities + Owner's Equity. Answers will vary and should include a combination of revenues/gains (increases), expenses/losses (decreases)

Explanation: plz mark brainly

5 0
3 years ago
Read 2 more answers
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