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3 years ago

What is a disadvantage of using credit?

Business

2 answers:

Rom4ik [11]3 years ago

5 0

Not being able to pay it off is a big one.

nataly862011 [7]3 years ago

4 0

Answer:

Incurring inflated interest charges over and above the principal amount

Explanation:

When items are purchased on credit, it essentially means that the buyer has taken a loan to finance their purchase. This loan incurs interest. Interest is the cost of using spending cash money to buy a good or a service in the current time period instead of saving and purchasing it at a later period. Credit providers tend to charge extremely high interest for the convenience of flexible purchasing power. These interest charges, accumulated over time, become a source of insolvency for the debtors who are unable to repay the interest, the principal amount or both.

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OlgaM077 [116]

Answer:

b. steel purchased by the aircraft manufacturers.

Explanation:

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3 years ago

Identify which characteristic describes common stock (CS) or preferred stock (PS) financing. May have cumulative and participati

shepuryov [24]

Answer:

Common Stock (CS)

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Preferred Stock (PS)

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3 years ago

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yawa3891 [41]

Answer:

B balancing growth

Explanation:

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Ivenika [448]

I think the answer is C

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