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SVEN [57.7K]
3 years ago
14

What does it mean to buy on credit

Business
2 answers:
valina [46]3 years ago
7 0

to buy on credit is when you use or barrow money that the bank owns

Diano4ka-milaya [45]3 years ago
3 0

When you use credit, it usually means using a credit card. Using credit means you borrow money to buy something. You borrow money (with your credit card or loan). You buy the thing you want. You pay back that loan later with interest.

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Which type of delivery format would be the best choice for the keynote speech that welcomes employees?
Naya [18.7K]
I think a. manuscript
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2 years ago
Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following
Natali [406]

Answer:

                        Big Tommy Corporation

      Profit and Loss for the year ended December 31

Sales                                                                         404,000

Cost of Goods Sold                                                 279,000

Gross Profit                                                               125,000

<em>Operating Expenses:</em>

Salaries and Wages Expense                   58,000

Office Expenses                                         16,000

Travel Expenses                                           1,000    75,000

Operating Income:                                                     50,000

Non-Operating Expenses

Income Tax Expense                                 15,000     15,000

Net Income                                                                 35,000

Explanation:

Multistep income statement makes a clear distinction on Operating Incomes and Expenses and Non-Operating Incomes and Expenses

Operating income is Profit generated from Primary activities of the company

Non-Operating Incomes and Expenses do not relate to the Primary activities of the firm.They occur as a result of secondary activities.

7 0
3 years ago
"A customer holds 10 ABC Jan 60 Call contracts. ABC Corporation is paying a 20% stock dividend. On the ex date, the contracts wi
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Answer:

On the ex date, the contracts will show as:

10 ABC Jan 60 Calls

The customer must exercise call contracts to buy the stock prior to the Ex-Date

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The reason is that if the customer is not exercising the call contracts then it will not be able to receive the stock dividend. Furthermore, the OCC doesn't adjust the contract because of the dividend announcement prior to exercise of contract. This means it will only adjust if the contract is exercised.

The settlement of the exercise takes around 2 business working days, hence the customer must exercise the option 2 days earlier to the ex-date.

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3 years ago
Cuáles son los procesos que le dan formación  los relieves? Explicar cada uno y dar dos ejemplos​
VikaD [51]

Answer:

Los procesos que intervienen en la formación del relieve son los procesos endógenos y Exógenos. Los procesos endógenos son los procesos que se dan en el interior de la cortesa terrestre, como son el movimiento de las placas tectónicas, los desplazamientos continentales, entre otros.

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3 years ago
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ICE Princess25 [194]
Im not so sure yu should ask somebody thats really good in math sorry i couldnt help
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