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SpyIntel [72]
3 years ago
8

Which of the following is an advantage of consumer credit? a) It costs more than cash purchases. b) It can encourage customers t

o spend beyond their means. c) It can allow you to save money if you time your purchases correctly. d) It can earn extra money for lenders.
Business
1 answer:
forsale [732]3 years ago
7 0

Answer:

The answer is D

Explanation:

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Finance is:a.the study of how individuals,institutions,governments,and businesses acquire,spend,and manage money and other financial assets.

Explanation:

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2 years ago
For better inventory and distribution, employees should be educated on all of the procedures involved and should be given as muc
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Ítems that can be touched used and purchased are considered to be ???
olganol [36]
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3 0
3 years ago
A separation between ownership and management is most likely to occur in a:
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 a separation between ownership and management is most likely to occur in a  : Corporation
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7 0
3 years ago
A Caterpillar tractor acquired on January 12 at a cost of $171,000 has an estimated useful life of 25 years. Assuming that it wi
Kay [80]

Answer and Explanation:

a. The computation of depreciation for each of the first two years by the straight-line method is shown below:-

Depreciation

= (Assets cost - Salvage value) ÷ Useful life

= ($171,000 - 0) ÷ 25

= $6,840

For First year = $6,840

For Second year = $6,840

It would be the same for the remaining useful life

b. The computation of depreciation for each of the first two years by the double-declining-balance method is shown below:-

First we have to determine the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 25

= 4%

Now the rate is double So, 8%

In year 1, the original cost is $171,000, so the depreciation is $13,680 after applying the 8% depreciation rate

And, in year 2, the ($171,000 - $13,680) × 8% = $12,585.60

7 0
3 years ago
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