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3 years ago

Which of the following is not true of credit card

Business

2 answers:

patriot [66]3 years ago

8 0

Answer:

The false statement is letter "A": they are the best payment type to use when trying to stick to budget.

Explanation:

Credit cards are payment devices given to people who have proved to maintain an optimal credit history. Though, banks and financial institutions give them to people to generate income through <em>interest rates</em>. If someone wants to keep their expenses under a budget, it is not convenient to use credit cards as methods of payments since it will increase the amount of money the cardholder must spend because of the interest rate.

grandymaker [24]3 years ago

7 0

. they are the best payment

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What is the impact of 7.4 cpi on consumers

Mila [183]

The findings of a country's CPI report are typically reported as a percentage change from the previous issue. A positive result indicates a rise in the inflation rate as a consequence of higher consumer costs. If the contrary were to happen, prices would go down, benefiting consumers and reducing inflation.

This is further explained below.

<h3>What are consumers?</h3>

Generally, A person or group is considered to be a consumer if they have the intent to order, do order, or use goods, products, or services that they have purchased primarily for personal, social, family, household, and similar needs, which are not directly related to activities related to either entrepreneurship or business.

In conclusion, When a nation releases a new Consumer Price Index report, the findings are presented in the form of a percentage change in comparison to the most recent issue. In the event that the result is positive, it indicates that there has been a rise in the overall level of consumer prices and that the rate of inflation is climbing. In the alternative scenario, prices paid by consumers would fall, and the rate of inflation would fall along with them.

Read more about consumers

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3 0

2 years ago

All of the following components are commonly found in rental housing agreements EXCEPT:

ICE Princess25 [194]

The answer would be C

7 0

3 years ago

Read 2 more answers

A representative from AT&T called Dr. Michaels after he switched to its new U-verse telephone system. The firm wanted to mak

Blizzard [7]

Answer: follow up call

Explanation:

From the question, we are informed that a representative from AT&T called Dr. Michaels after he switched to its new U-verse telephone system and that the firm wanted to make certain he was satisfied and asked if he had any questions concerning his new service.

The above is a follow up call. A follow up call is a call that is made after a transaction has taken place or previous enquiry regarding a product has been made in order to know the latest about the product.

5 0

3 years ago

Jeffreys Company reports depreciation expense of $40,000 for Year 2. Also, equipment costing $240,000 was sold for a $10,000 los

Daniel [21]

Answer:

Computation of cash received from the sale of the equipment:

D. $58,000.

Explanation:

Computation:

Sale of Equipment Account

Equipment account $240,000

less acc. depreciation 172,000

Net book value $68,000

less loss on sale 10,000

Cash received $58,000

Equipment Account

Year 1 balance $750,000

Year 2 balance 510,000

Sale of equipment $240,000

Accumulated Depreciation:

Year 1 balance $500,000

Year 2 balance 328,000

Sale of equipment $172,000

b) The sale of the equipment caused a loss of $10,000. The net book value of the equipment is $68,000. This implies that it was sold for $58,000 ($68,000 - $10,000). So, the cash received from the sale is $58,000.

7 0

3 years ago

The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF):Spot...........................

Gnoma [55]

Answer:

The Wall Street Journal Reports

a. The Swiss franc was selling at a premium in the forward market.

b. The 30-day forward premium was: $0.0049.

c. The 90-day forward premium was: $0.0099.

d. Dollars to receive from a 90-day forward contract is $95,310.

Explanation:

a) Data and Calculations:

Spot and forward rates for the Swiss franc ($/SF):

Spot............................................ $0.9432

30-day forward.......................... $0.9481

90-day forward.......................... $0.9531

180-day forward........................ $0.9594

Premium:

30-day forward.......................... $0.9481

Spot............................................ $0.9432

Premium = $0.0049

90-day forward.......................... $0.9531

Spot............................................ $0.9432

Premium = $0.0099

180-day forward........................ $0.9594

Spot............................................ $0.9432

Premium = $0.0162

Dollars to receive from a 90-day forward contract is $95,310 ($0.9531 * SF 100,000)

6 0

3 years ago