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1 year ago

Do interest rates matter for credit cards?

1 answer:

3 0

Credit cards can cost you money if you don't pay your bills on time because the interest rates charged by lending organisations have a significant negative influence on both your personal finances and credit score.

The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded favourably by the Federal Reserve, which monitors credit card interest rates. If you settle your bill in whole each month, APR is irrelevant. It doesn't matter whether your credit card has a 10 percent or 25 percent interest rate.

To learn more about interest rates., click here.

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A television advertisement claiming that a product is light-years ahead of its time does not make sense because ________.

Paraphin [41]

A light-year is a unit of distance, and not a unit of time. That is like saying "School will be over in 3 kilometers!".

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3 years ago

In constructing there theories, economists use the term "ceteris paribus" which means:______.

kozerog [31]

Answer:

d. other things being equal

Explanation:

"Ceteris Paribus" refers to a latin phrase which means other things remaining equal.

The term is used to convey the constancy of other variables while establishing a relation between factors.

For instance, in the law of demand, ceteris paribus is used to convey factors other than price being constant.

The term is often used to convey cause- effect relationship between parameters.

In economic context, the term conveys the effect one variable casts over another.

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4 years ago

Henri wants customers in his specialty tobacco store to feel at home, as if they were in their personal smoking den. He uses lig

Levart [38]

Answer:

The correct answer is the option D: Atmospherics.

Explanation:

Atmospherics is the name given, in the field of marketing, to the term that refers to the strategy of designing commercial spaces with the purpose of creating attention, communication and affect to the customer. In addition, this concept was created by Philip Kotler in 1973, who believed that the buyers respond to the total product which includes the services, the financing, the packaging, the advertising and more than just the tangible product. Therefore that when Henri wants his customers to feel at home by creating a space that suits with their normal expectations of a smoking place, then he is trying to create attention, communication and affect through the concept of atmospherics.

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3 years ago

A small business loan is used to pay for the costs associated with starting your own company? True or false

lesya [120]

Answer:

False

Explanation:

7 0

4 years ago

Winsor Construction Company uses the percentage-of-completion method of accounting. In 2007, Winsor began work on a contract it

Aleksandr-060686 [28]

Answer:

The gross profit recognized in 2007 is $1,200,000

Explanation:

Use the following formula to the percentage of completion

Percentage of completion = Total Cost / Contract price

Total cost = Cost incurred to date + Estimated cost to complete = $3,600,000 + $2,400,000 = $6,000,000

Contract price = $7,500,000

Placing values in the formula

Percentage of completion = $6,000,000 / $7,500,000 = 0..80 = 80%

Use the following formula to calculate the gross profit

Gross profit = Contract price - Total Cost = $7,500,000 - $6,000,000 = $1,500,000

Now calculate the gross profit recognised as follow

Gross profit recognised = Gross profit x Percentage of completion = $1,500,000 x 80% = $1,200,000

4 0

3 years ago