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3 years ago

When should you open a credit card account?

Business

2 answers:

Marina86 [1]3 years ago

8 0

Answer:

2. when you have a plan for paying it back

Explanation:

You have to pay back the money you use from the card. Thus, its the only answer that makes sense.

vaieri [72.5K]3 years ago

3 0

When you have a plan for paying it back.

You might be interested in

The argument that industries should be temporarily protected by tariffs or quotas to allow firms to develop a competitive produc

olga55 [171]

Answer: infant industry argument

Explanation:

The infant industry argument simply means that the new industries in a particular economy should be protected at all cost from the multinationals or already developed foreign firms so that they themselves can grow and that the foreign firms will not hinder their progress and growth.

This usually applies to small and newly established firms. One of the main reason for taxation is to help protect such industries from competition thqt can hinder them.

8 0

3 years ago

ou are a producer of cold medicine. Last month, a flood at your factory eliminated 50% of your firm’s production capability. At

Scilla [17]

Answer:

The flood shifts the supply to the left.

The increase in healthcare costs shifts the supply curve to the left.

Explanation:

An increase in the cost of production inputs (increase in health costs) or a decrease in the availability of resources (the flood reduced the firm's production capability), will shift the supply curve to the left.

A leftward shift of the supply curve will lower the quantity supplied and will increase the price of the good at every level of demand.

6 0

3 years ago

Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$10 par value, 10

aev [14]

Answer:

Explanation:

1.) Kindly check attached picture

2.) Statement of retained earning

Statement of Retained Earnings

For Year Ended December 31, 2018

Retained earnings, Dec. 31, 2017, 270,000

Add: Net income 388,000

Less: Cash dividends declared (152,000)

Less: Treasury stock reissuance (1,500)

Retained earnings, Dec. 31, 2018, 504,500

C.) Stockholders' Equity Section of the Balance Sheet

December 31, 2018

Common stock - $10 par value 400,000

Paid-in capital in excess of par value, common stock 60,000

Retained earnings 504,500

3 0

3 years ago

Timberlake Company owns equipment with a cost of $165,000 and accumulated depreciation of $60,000 that can be sold for $82,000 l

Deffense [45]

Answer:

Income (loss) 77080 76650

Explanation:

Timberlake Company

Sell Lease

Revenue 82000 84600

Expense -4920 -7950

Income (loss) 77080 76650

Therefore Company should sell the equipment

6%×82,000 =4920

8 0

4 years ago

Read 2 more answers

ABC Corporation has noticed the following transactions havent been account for in its income statement for the year ended Decemb

grin007 [14]

Answer:

The proper amount of expenses to be included in the income statement for the year is $6,650

Explanation:

The computation of the expense amount which is included in the income statement is shown below:

= Repair expenses + electricity bill + insurance expense

= $4,650 + $800 + $1,200

= $6,650

The insurance expenses are given for the three months but we have to calculate for the 2 months only

So for two months = $1,800 × 2 ÷ 3 = $1,200

And, the wages are given for the last year which is not included in the income statement as it shows outstanding wages. So, we do not consider it.

5 0

3 years ago