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1 year ago

What‘s the main reason our culture has normalized credit cards over the past 60 years?.

1 answer:

7 0

We have slowly increased our demand for high-value items and therefore need credit cards rather than cash because carrying around.

For illustration,$ 40k in cash on your way to buy an auto isn't the safest idea. We can change the normalization of debt in the future by tutoring in academic ways to avoid debt and tutoring the true consequences of having so important debt.

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to an existent's or business's creditworthiness or credit history. In account, a credit may either drop means or increase arrears as well as drop charges or increase profit.

credit, which is capitalist that is available for you to borrow, debt is capitalist you've formerly espoused but haven't yet paid back. Credit is simply the capability to acquire debt.

still, you're adding$ 50 in debt, If you use your credit card to make a$ 50purchase. A loan can be considered as a disbenefit balance when the loan is given out by the business while it can be considered as a credit balance when it's taken by the business. Also, read MCQs on Trial Balance.

Learn more about credit here: brainly.com/question/6872962

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Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter ov

Nataly_w [17]

Answer:

The answer is b) $5,319,000.

Explanation:

We have cash collection in third quarter will include:

+ 40% of sales in third quarter which is made in cash;

+ 70% of the remaining 60% of credit sales in third quarter which is collected within the quarter;

+ The remaining 30% of 60% credit sales in second quarter which is collected in third quarter.

We also have:

Sales in second quarter (units) = 180,000 + 18,000 = 198,000 units => Sales revenue = 198,000 x 25 = $4,950,000 => Cash collection in third quarter = 30% x (60%x 4,950,000) = $891,000;

Sales in third quarter (units) = 198,000 + 18,000 = 216,000 units => Sales revenue = 216,000 x 25 = 5,400,000 => Cash collection in third quarter = 0.4 x 5,400,000 + 0.7 x (0.6 x 5,400,000) = $4,428,000

=> Total cash collection in third quarter = 891,000 + 4,428,000 = $5,319,000

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3 years ago

Read 2 more answers

Assuming the Coase theorem applies, an efficient allocation of a resource will result ... A. only if the government acts to inte

Mamont248 [21]

Answer:

B. through negotiations between the parties involved.

Explanation:

correct answer is through negotiations between the parties involved because According to Coase theory, priority rights are best defined by negotiation between the parties involved and there is no transaction cost in negotiations.

The Coase theory states that when transaction costs are low, both parties can negotiate and reach an effective outcome in the presence of an outsider.

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3 years ago

Bob is a manager at a local toyota dealership who has lost five of his employees last year. now he has to make a decision about

suter [353]

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3 years ago

Which of these statements are true about the MIC card? Select all that apply Taco Bell Service Course A. It demonstrates how to

Mandarinka [93]

Answer:

C. It sets the priorities for your shift

Explanation:

MIC card give ability to communicate the results of team and helps in making arrangements for the shifts. It also helps in scheduling goals.

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3 years ago

newspaper publisher uses roughly 800 feet of baling wire each day to secure bundles of newspapers while they are being distribut

tresset_1 [31]

Answer:

Explanation:

Reorder point quantity is the level at which an inventory is expected to be restocked , calculated by finding the sum of demand over the lead time and the safety stock days

Daily usage = 800 feet / day

Lead time = 6 days

Desired service level = 95%

Risk level = 1-0.95 =0.05

safety stock at 0.05 = 1800

Reorder point = expected demand in (LT) + safety stock

= (800*6) + 1800

= 4800+1800 = 6600 feet.

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3 years ago