What type of relationship do a lawyer and a client have?

Paying only the minimum balance on your credit card can lead to...

Darya [45]

Answer:

Payment of more interest in future and extension in the term of debt

Explanation:

Credit cards refer to plastic money.Such cards grant the holder the facility to withdraw and make payments greater than their balance of money in the account. Credit cards grant liquidity to the holder but at the same time, the holder is required to pay interest if the money drawn in excess is not paid back to the issuer within a stipulated time.

Minimum balance payment refers to that threshold limit of payment required which keeps the credit card and credit limit operational.

Paying a minimum balance eliminates late fee but interest will have to be paid on the balance remaining outstanding. So gradually, as one keeps paying only the minimum balance, the amount remaining unpaid would rise and thus, the interest to be paid on such outstanding amount shall rise too.

Also, with increasing outstanding dues, the debt term i.e the period by which the holder pays off the entire money due along with interest, will extend. So minimum balance payment may save funds initially, but has adverse long term implications.

5 0

3 years ago

1. List some of the tools that organizations can use to make the most of its

pentagon [3]

Some of the tools that organizations can use to make the most of its diverse workforce are, assessing the organization's progress toward goals, attracting the employees, retaining employees, etc.

An organization's plan in order to become multicultural and making the most of its diverse workforce should includes the given components, such as: securing top management's leadership and commitment, progress toward goals, attracting employees, and training employees in diversity,

Diversity is the range of human differences. However, having a range of people with various racial, ethnic, cultural, and socioeconomic backgrounds with various lifestyles, interests, and experience.

There are certain different types of organizations that result from prevailing assumptions about people and cultures. A monolithic organization tend to have a very little cultural integration, here its employee population is highly homogeneous.

Hence, in multicultural organizations, diversity not only exists but is also valued.

To learn more about diverse workforce here:

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7 0

1 year ago

What are items such as health insurance, life insurance, sick days, vacation time, and retirement savings called when provided b

SSSSS [86.1K]

I think it is B. Benefits

7 0

3 years ago

. Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month t

mel-nik [20]

Answer:

b.$1,150

Explanation:

Sales Collection $5,000*.98 $4,900

Payment of purchases $5,000*50% ($2,500)

Other payments $5,000*25% ($1,250)

Net Cash flow during a typical month $1,150

3 0

3 years ago

An international children’s charity collects donations, which are used to buy clothing and toys for children in need. The charit

MatroZZZ [7]

Answer:

Required 1

General Journal

Cash $8,500 (debit)

Donations Revenue $8,500 (credit)

Cash and Checks received as Donation Revenue

Wages Expenses $3,000 (debit)

Cash $3,000 (credit)

Wages to employee paid

Note Payable $3,420 (debit)

Cash $3,420 (credit)

Repayment of Short Term Loan

Supplies $4,920 (debit)

Cash $2,080 (credit)

Note Payable $2,840 (credit)

Purchase of Toys on cash and on credit

Supplies $4,020 (debit)

Donations Revenue $4,020 (credit)

Donations revenue received in form of Toy Supplies

Required 2

Net Income is $9,520

Explanation:

Calculation of Charity’s preliminary net income.

Donations Revenue ($8,500 + $4,020) $12,520

Less Expenses :

Wages ($3,000)

Net Income/ (Loss) $9,520

7 0

3 years ago