Answer:
Credit card companies can invade your privacy by monitoring all your credit card transactions and making decisions, whether correct or incorrect, about your credit worthiness and your character.
Explanations:
All credit card transactions are logged into a data base which is accessible to credit card companies.
Therefore credit card companies can form opinions about your credit worthiness on the basis of your credit card transactions.
For example, if you use your credit card to pay for groceries, utilities, and ordinary bills, a credit card company could assume that you are in financial distress and make a decision to reduce your credit limit.
If a person uses a credit card often at a casino or gambling locations, that could also signify to credit card issuers that the person may not be using money wisely, and may not be willing to provide more credit to the gambler.
To sum it up, personal privacy is lost whenever a person uses a credit card. Credit card issuers may form opinions about a card holder that may be correct or incorrect, based on the person's credit card transactions.
Answer:
D) $601,250 per year
Explanation:
expected sales increase (insulated bikinis) $1,200,000
lost sales (longer ski pants) ($150,000)
additional insurance costs ($50,000)
<u>salaries for new marketing director ($75,000)</u>
incremental cash flow $925,000
<u>taxes (35%) ($323,750)</u>
incremental cash flow after taxes $601,250
Answer:
Yes, you should invest in the coffee roaster.
Explanation:
Although the coffee purchase price per pound will remain the same, but the fact the aroma of roasting coffee will improve the ambience of your cafe and is apt to attract more customers implies that unit of sales or rate of sales turnover will rise.
As the units of sales increase, each additional unit sold will add to profit, given that the coffee purchase price per pound remains the same, and this will lead to an increase in total profit which is the major aim of being in business.
