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3 years ago

What are the benefits of using a credit card? What are the drawbacks of using a credit card?

2 answers:

6 0

Benefits: You do not have to carry large amounts of cash with you

drawbacks: You have to pay interest rates
it is technically a loan

hope this helps

Usimov [2.4K]3 years ago

4 0

The benefits is that you don't have to carry too much money with you is pretty simple you just swipe your card everywhere you go and is more safer that money. is somebody steals you card you call immediately and tell them to cancel your account. Drawbacks: is that if you don't have enough money on your back account and for example you go to a store and buy something more expensive thatn what you have in you account. that's called overdraft and you will be charge extra money for borrowing the banks money.

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Echota Corporation has the following capital stock outstanding at December 31, 2020: 7% Preferred stock, $100 par value, cumulat

Sunny_sXe [5.5K]

Answer:

$6,700,000

Explanation:

Preparation of the paid-in capital section of the balance sheet at December 31, 2020.

Paid-in capital section of the balance sheet at December 31, 2020

7% Preferred stock, $100 par value, cumulative15,000 shares issued and outstanding $1,500,000

Add Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued andoutstanding 3,500,000

Total capital stock5,000,000

($1,500,000+3,500,000)

Add Additional paid-in capitalIn excess of par—preferred stock$ 300,000

(15,000 shares × $20 )

Add In excess of stated value—common stock1,400,000

(350,000 shares × $4)

Total paid-in capital$6,700,000

Therefore the paid-in capital section of the balance sheet at December 31, 2020 is $6,700,000

4 0

2 years ago

What is diminishing marginal returns?

Bumek [7]

In economics, diminishing returns is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

8 0

3 years ago

Which distribution channel is used by valley farm dairy to distribute its products to consumers without intermediaries?

expeople1 [14]

The distribution channel used by the Valley Farm Dairy would be direct distribution. It is a type of channel distribution that is used to directly sell the goods from the producer to the consumers themselves. The use of intermediaries would increase the price of the good when it reaches the consumers.

3 0

3 years ago

Assume you sell short 100 shares of common stock at $50 per share, with an initial margin at 50%. The stock paid no dividends du

son4ous [18]

Answer:

40%

Explanation:

Initial amount invested = $50 × 100 × 50% = $2,500

Profit from sale and repurchase = ($50 - $40) × 100 = $1,000

Rate of return = $1,000 ÷ $2,500 = 0.40, or 40%.

Therefor, the rate of return would be 40%.

4 0

3 years ago

Act Now!, an organization devoted to voting rights, applied for a permit to protest the closing of polling places in poor neighb

Minchanka [31]

Answer:

c) intermediate scrutiny.

Explanation:

In this particular scenario this will be reviewed by the judge using intermediate scrutiny. In this review the court will decide whether or not the case helps the government and/or the people in any way. The court case interests must further the interests of the government or people in the same way for it to pass the review. If the court case passes the review it will be reassessed and may be voted upon differently depending on the other details at hand.

6 0

3 years ago