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aivan3 [116]
3 years ago
13

What is a credit limit?

Business
2 answers:
Sati [7]3 years ago
7 0
A credit limit<span> is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline).</span>
tigry1 [53]3 years ago
5 0
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line ofcredit.
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As of June 30, 2018, the bank statement showed an ending balance of $16,216. The unadjusted Cash account balance was $15,119. Th
My name is Ann [436]

Answer:

Explanation:

Bank reconciliation

Unadjusted book balance 16,216

Add: Debit memo for service 10

Less: Credit memo for int. earned 6

True cash balance 16,220

Unadjusted book balance 15,119

Add: Outstanding check 3,276

Less: Deposit in transit 2175

True cash balance 16,220

5 0
3 years ago
Read 2 more answers
Communities and countries with greater income inequality tend to have higher rates of crime and higher rates of drug use. These
aksik [14]

False Communities and countries with greater income inequality tend to have higher rates of crime and higher rates of drug use. These relationships are examples of positive correlations

<h3>What is  income?</h3>

Income is the consumption and saving opportunity gained by an entity over a given time period, which is usually expressed in monetary terms. Income is difficult to define conceptually, and definitions vary across fields.

Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.

Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals typically earn money through wages or salaries, whereas businesses make money by selling goods or services for more than their cost of production.

To know more about  income follow the link:

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7 0
1 year ago
In the ____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a
AleksandrR [38]

Answer:

The correct option is A,project planning.

Explanation:

In the project planning stage which centers on IT projects,the scope of the project refers to the different parts or milestones making up the project.The scope of the project is a function of the magnitude of the problem it meant to solve.

Cost/benefits analysis is also  a key feature of such planning,as it is only worthwhile investing in  project whose benefits outweigh its costs.

Lastly, envisaging likely constraints is also important in order that adequate mitigating plans can be put in place.

8 0
3 years ago
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEP
trasher [3.6K]

Answer:

B) GNMAs are considered to be the riskiest of the agency issues

Explanation:

The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.

Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).

3 0
3 years ago
In 1 or 2 sentences, describe the effect of competition on prices of items being sold.
yuradex [85]

Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
8 0
4 years ago
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