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babunello [35]
3 years ago
8

Which is NOT a positive reason for using a credit card to finance purchases? You will get charged high interest. You can buy som

ething you need now and pay for it after pay day. You can get rewards and discounts. Paying it off on time can help build your credit history
Business
1 answer:
Alja [10]3 years ago
7 0

Answer:

<h2>In this case,the correct answer is the first option given in the answer choice or options or You will get charged high interest.</h2>

Explanation:

  • An use of credit card to finance purchases enables the consumers or buyers to make post consumption or purchase payments thereby, providing the convenience of stress free shopping for them.
  • However, the credit card companies or financial institutions issuing credit cards can issue high interest rates that the consumers or buyers are liable to pay along with the due balance on any purchase or consumption made through credit card payments within a certain period of time.
  • The determination of interest rates on credit cards basically depends on multitude of factors such as individual purchase limits on the card, the personal credit history and performance of individual consumers or buyers, previous payment records and history of the concerned customer, the overall ability of the customers to make timely repayments on any credit card purchase along with respective interest rates and so forth. Hence, high interest rates indicates higher repayments on credit card payments which can deter customers to avail credit cards.
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Groupong Inc. recently paid a $2.78 annual dividend on its common stock. This dividend increases at 3.50 percent per year and th
liq [111]

Answer:

c) 11%

Explanation:

The question is to determine the rate of return on Groupong Inc's

The rate of return represents an investment's net gain or net loss calculated over a period of time and usually expressed in terms of the percentage of the initial cost of investment.

The rate of return in this question is calculated as follows:

Rate of Return = (The Dividend for the next year/ the current price of the share) + The Growth rate

The dividend for the next year = current year dividend x (1+r), where r is 3.5

= 2.78 x (1+0.035)

=2.78 x 1.035

= (2.8773/38.3) + 0.035

=0.1101 or 11%

5 0
3 years ago
What is the maximum locked-rotor
joja [24]

Answer:

because the health quarter 2 module 1 nation during adolescence deped department of education

7 0
3 years ago
A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year,
Sophie [7]

Answer:

The appropriate answer is "$22,305".

Explanation:

The given values are:

Estimated uncollectible,

= $22,750

Credit balance in allowance,

= $445

Now,

The bad debt expense will be:

= Estimated \ uncollectible-Credit \ balance \ in \ allowance

By substituting the values, we get

= 22750-445

= 22305 ($)

5 0
3 years ago
A CPA issued an unqualified opinion on the financial statements of a company that sold common stock in a public offering subject
JulijaS [17]

Answer:

The misstatement is immaterial in the overall context of the financial statements.

Explanation:

An immaterial misstatement is an omission that has not been treated correctly but is not significant enough to negatively influence the use of the financial statements or the decisions made by those using them. This immaterial misstatements do not represent fraud or intentional wrongdoing.

7 0
3 years ago
When the Fed buys​ $100 worth of bonds from a primary​ dealer, reserves in the banking system A. increase by more than​ $100. B.
ruslelena [56]

Answer:

The correct answer is D.

Explanation:

The fed buys $100 worth of bonds from a primary dealer. The fed will pay the dealer for these bonds. This will cause an increase in the total reserves by $100. The money supply will increase by more than $100. The extent of increase in the money supply depends on the required reserve ratio. This is an example of an expansionary monetary policy.

4 0
3 years ago
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