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RSB [31]
3 years ago
14

Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans

Business
1 answer:
timama [110]3 years ago
4 0

Answer:

1) In general, is it a good idea to make only minimum payments on your credit cards?

  • No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.

All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.

2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?

I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900

Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.

The remaining $500 would be used to pay MasterCard 1 card and lower its balance.

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Which of the following benefits do franchisees enjoy over other small business owners? Select the two correct answers.
Alenkinab [10]

The following benefits a franchisee enjoys over <u>other small business owners</u> is:

  • <u>A. Franchises benefit from the successful marketing provided by franchisors.</u>
  • <u>D. Franchises have a lower 5-year failure rate than other small businesses</u>

A franchise is a business that operates by using the services of a franchisor who is in charge of <u>branding the company</u> and a franchisee who uses the name of the brand to do business and <u>pays a royalty fee</u>.

<em>Small business owners</em> are people who do the marketing, branding, packaging and sales by themselves <u>without necessarily involving the services of a marketer</u>.

Some of the benefits of a franchisee over <u>small business owners</u> are the facts that:

  1. They benefit from the successful marketing the franchisors provide
  2. They have a lower failure rate after 5 years.

  • Therefore, the correct answers are options A and D

Read more here:

brainly.com/question/1411359

4 0
2 years ago
Read 2 more answers
Besides the u.s. dollar, what is the only major currency to feature bills all of the same size?
jolli1 [7]

Answer:

Canadian dollar - Bills are often differentiated by size for the visually impaired. Larger denominations in Australia, for instance, are both taller and wider with strong contrasting colors. Euros also follow this logic, while larger notes – like the €200 and €500 – feature tactile marks too. The U.S. and Canadian dollars are currently the only major currencies with same-size notes. The Canadian dollar, however, features tactile marks on the upper righthand corner of bills, and the notes are also different colors to aid the visually impaired. While most other countries are ahead of the U.S. in making their currencies more accessible for the visually impaired, that may soon change with a new proposed $10 bill that would be the first U.S. dollar to feature tactile markings.

8 0
3 years ago
Which term identifies the occurrence of the system denying access to someone who is actually authorized?
timama [110]
False negative is the term identifies the occurrence of the system denying access to someone who is actually authorized. It is the inability of a network device to detect real security events under circumstances.  Therefore, not detecting or alerted by any malicious activities. 
5 0
4 years ago
With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the produc
Vadim26 [7]

True, With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the product, hoping to close the sale.

<h3>What is the difference between relationship selling and consultative selling?</h3>

The difference between relationship selling vs. consultative selling is that relationship selling consists of building a relationship with a customer over a long time and then relying on that relationship for sales as opposed to short-term gains and creating an interest in the customer in consultative selling

To learn more about relationship selling, refer

brainly.com/question/28120879

#SPJ4

4 0
2 years ago
If the best surgeon in town is also the best at cleaning swimming pools, then according to the theory of comparative advantage,
tamaranim1 [39]

Answer:

tspecialize in being a surgeon because its opportunity cost is lower

Explanation:

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

What the surgeon would give up to pratice as a surgeon would be lower compared than if he decided to specialise in cleaning pools

thus he should specialize in being a surgeon because its opportunity cost is lower

7 0
3 years ago
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