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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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Introverts recharge their energy in large groups.

viktelen [127]

The answer is false. introverts recharge their energy by themselves

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2 years ago

(A) If variances are prorated at the end of the accounting period, an unfavorable direct materials price variance will, when pro

charle [14.2K]

Answer:

Both A and B are correct.

Explanation:

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3 years ago

Finisher Inc. sells merchandise of $250,000 in 2020 that includes a three-year limited warranty. Warranty costs are estimated to

N76 [4]

Answer: See explanation

Explanation:

a. Record the warranty accrual at the time of sale in 2020.

Debit Warranty expense = $250,000 × 1% = $2,500

Credit Warranty Liability $2,500

(To record the warranty accrual)

b. Record the adjustment to the warranty accrual for actual warranty costs in 2020.

Debit Warranty Liability $800

Credit Cash and Payables $800

8 0

3 years ago

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viva [34]

The main outputs of the developing the project team process are team performance assessments and enterprise environmental factors updates.

Hope this helps !

Photon

3 0

2 years ago

Congress enacts the Ad Restriction Act (ARA) to limit advertising in certain circumstances. The ARA will be considered valid il

Bond [772]

Answer:

A) and goes further than necessary to ensure full coverage

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3 years ago