1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Savatey [412]
3 years ago
6

When she uses her american express card, cathy obtains possession of goods and services when they are purchased. payment is due

when billed at a later date. american express is a type of: revolving charge account open charge account installment charge account selective charge account?
Business
1 answer:
JulsSmile [24]3 years ago
6 0
<span>American Express credit cards and credit cards in general are a type of revolving charge account. Credit cards are regarded as a revolving charge account or revolving credit because if the balance is not paid off by the period specified, it will roll over to the next period (and collect interest), thus "revolving" into the next period. This is how the debt compounds if you are not responsible with your credit cards.</span>
You might be interested in
Megan’s balance sheet shows that on February 7, 2010 she had assets totaling $27,600 and debts totaling $32,500. Which of the fo
balandron [24]

Answer:

Option (C) is correct.

Explanation:

Given that,

Megan’s balance sheet shows:

Total assets = $27,600

Total debts = $32,500

Net worth is the difference between total assets and total liability.

Net worth = Total assets - Total debts

                 = $27,600 - $32,500

                 = -$4,900

Therefore,

Megan’s balance sheet shows the negative worth of $4,900.

4 0
3 years ago
|Soccer nets per day | Total Cost | Total Revenue |
agasfer [191]
First answer is c and the second answer is a
6 0
2 years ago
Read 2 more answers
You just purchased two coins at a price of $790 each. Because one of the coins is more collectible, you believe that its value w
Novosadov [1.4K]

Answer:

$3,233.12

Explanation:

Data given in the question

Purchase value of two coins = $790

First coin rate = 7.3%

Second coin rate = 6.7%

So, after considering the above information, the amount worth in 20 years

= Purchase value of two coins ×(1 + interest rate)^number of years

= $790 × (1 + 0.073)^20

= $790 × 4.0925541961

= $3,233.12

4 0
3 years ago
DJ and Gwen paid $3,200 in qualifying expenses for their son, Nikko, who is a freshman attending the University of Colorado. DJ
navik [9.2K]

Answer:

$1,150

Explanation:

$2,000+[(3,200-2,000) * .25]= $2,300 is their pre-limitation credit

But limited due to AGI as: $2,300 *($180,000 — 170,000/20,000) = $1,150.

4 0
3 years ago
Read 2 more answers
List and explain the classification of materials handling equipments
maw [93]

Answer:

the different types of handling equipment can be classified into four major categories transport a comment position a common unit learn formation equipment and storage equipment

7 0
2 years ago
Other questions:
  • Boxer Inc. reported inventory at the beginning of the current year of $360,000 and at the end of the current year of $411,000. I
    10·1 answer
  • Policymakers focus on marginal tax rates changes when making changes in the tax code because the marginal tax rate:_____
    11·1 answer
  • Net operating income computed under variable costing would exceed net operating income computed using absorption costing if: Mul
    13·1 answer
  • Which of the following statements about economic growth is accurate? The world’s sustained economic growth has only been occurri
    7·1 answer
  • First, think about the way in which interest on municipal bonds is treated from a federal income tax point view. In this light,
    14·1 answer
  • CAN SOMEONE PLEASE HELP ME????
    9·1 answer
  • Which of the following principles underlies the interaction of individual choices? a Marginal analysis is used for "how much" de
    8·1 answer
  • Kanye, Jonny, Jaco, and Neil are trying to form a band. They each have some basic skills on most instruments, so their current p
    6·1 answer
  • McDonald's is a major company in the restaurant business
    9·1 answer
  • Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!