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AnnyKZ [126]
1 year ago
14

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

Business
1 answer:
harina [27]1 year ago
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

#SPJ4

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NIKE, Inc., is the best-known sports shoe, apparel, and equipment company in the world because of its association with athletes
KIM [24]

Answer and Explanation:

The statement of cash flow involves 3 kinds of activities mentioned below:

1. Operating activities: Many transactions are based that affect the working capital following net income. It would increase the growth in current assets and a decrease in current liabilities, whereas adding the decrease in current properties and an increase in current liabilities.

This should mitigate any work capital shifts. Furthermore, the cost of depreciation is attributed to the net income and the loss on the sale of assets is attributed while the benefit on the sale of assets is deducted

2. Investing: it monitors activities involving the acquisition and selling of long-term assets. The purchase is cash outflow while the selling is cash inflow

3. Financing activities: it monitors activities that impact on the shareholders' long-term debt and equity balance. Share issue is cash inflow whereas cash outflows are redemption and dividend.

Therefore based on the above explanation, the classification is as follows

1 Financing Activity

2. Operating activity

3 Investing activity

4  Financing Activity

5  Operating activity

6 Investing activity

7  Financing Activity

8  Financing Activity

9  Operating activity

10  Operating activity

3 0
4 years ago
Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit
svp [43]

Answer:

WACC = 11.45 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd) + (We×Ke) + (Wp × Kp)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 11.1%(1-0.4) =6.66%

Ke-Cost of equity = 14.7%

Kp= Cost of preferred stock = 12.2%

Wd-Weight of debt =100/270=0.370

We-Weight of equity = 140/270=0.518

Wp= weight of preferred stock = 30/270=0.111

WACC = (0.518× 14.7%) + (0.370 × 6.7%) + (0.111×12.2) =  11.447%

WACC = 11.45 %

6 0
3 years ago
What is generally true about savings vehicle
disa [49]
<span>If you're likely to be dipping into some of that money to fix the house, take a vacation, or buy holiday presents, don't put too much into a long-term CD. Like savings, checking, and money market accounts, CDs are FDIC insured for up to $100,000

hope this helped XD ;)

</span>
5 0
4 years ago
Read 2 more answers
A firm with market power has an individual consumer demand of q = 20 − 4p and costs of c = 4q. what is the optimal price to char
hammer [34]

$4, is the optimal price to charge for a block of 4 units.

Market power is the ability of a firm to influence supply, demand, or both in order to change the price of a product in the marketplace.

A corporation with significant market power has the power to control its profit margin by manipulating the market price. It may also be able to raise barriers for potential new entries into the market.

Because they may set or change the retail price of an item without giving up market share, companies with market power are frequently referred to as "price makers."

To learn more about Market power here

brainly.com/question/14927883

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7 0
1 year ago
_____________________are private organizations that are created to raise and distribute campaign money to candidates for politic
Oliga [24]
D. POLITICAL ACTION COMMITTEES are private organizations that are created to raise and distribute campaign money to candidates for political office.

It is generally formed by individuals, corporations, labor unions, trade associations, and other organizations that channels the voluntary contributions they raise to the candidates for elective office. 

 

4 0
3 years ago
Read 2 more answers
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