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
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.
You might be interested in
The primary goal of financial management is to:
sammy [17]

Answer:

The correct answer is letter "B": maximize the current value per share of the existing stock.

Explanation:

Financial management comprises several steps to safeguard a company's assets and sustain the firm's profitability in favor of its stakeholders. Those steps include planning, budgeting, managing and assessing risks and establishing the procedures that will be taken to keep the business going.

Thus, <em>one of the cores of financial management is to increase the company's stock value to attract more investors, bringing more money to the company for reinvestment or the payment of expenditures.</em>

3 0
3 years ago
F. Describe at least two examples of information the secondary source provided. (1-2
Arisa [49]
Wikipedia and textbooks
8 0
2 years ago
Read 2 more answers
Jamal purchased a motorcycle from Getaway Automobiles, and the motorcycle's electric starter began malfunctioning after a week o
BartSMP [9]

Answer:

Option B, Jamal is entitled to revoke acceptance because he took back the motorcycle after the seller's assurance that the nonconformity would be cured.

Explanation:

The primary purpose of purchasing goods is to obtain conforming goods of the desired quality. Occasionally, the seller delivers non-conforming goods, goods that fail to meet the contractual obligation (obligations include: seller's description, statements promises...). In situations like this the buyer may revoke his acceptance if already accepted or reject the delivery upon discovery.

If delivery is already accepted, acceptance may be revoked;

* On the reasonable grounds that its non-conformity would be cured and it has not be cured.

* Without discovery of such non-conformity if his acceptance was reasonably induced either by the difficulty of delivery before acceptance or by the seller's assurances.

Therefore, option B best suits the question. Under these circumstances, Jamal is entitled to revoke his acceptance because the he took back the motorcycle after the seller's assurance that the non-conformity would be cured which was not, even after several complaints.

3 0
2 years ago
Suppose the economies of China and India have begun to slow down very rapidly. Based on this scenario
bazaltina [42]

Answer:

The correct answer is C

Explanation:

Economies means the state of the region or the country in relation to the consumption and the production of the services and the goods and also the supply of the money.

If the economies of the India and the China, will be slow down, then the loanable funds as well as the interest rates will increase because the money for liquidity will be negligible which lead to competition among using the money for personal consumption or to delay the consumption through lending the money out.

6 0
3 years ago
Scenario: Your best friend works for an In-Home Health Provider Company (IHHPC) in Palm Beach County, Florida. Your friend comes
adelina 88 [10]

Answer: Please refer to Explanation

Explanation:

Advise I would give.

1. The process for the collection of cash should be changed to bring in revenue faster. This can be done in a variety of ways,.

- By including in the terms of the contract that the service has to be paid for within a certain period such as a maximum of 4 weeks and then follow up each week on the customer so that they remember that they have a due bill.

- Giving payment based discounts such as a 5% discount if the service is paid for within a fortnight.

- Telling the customer to pay first, if not the full amount, at least a down payment with the total being settled at a later date.

These are but just some ways of getting the money faster but the bottomline is that payment needs to be received faster because the nurses are paid on a weekly basis.

2. Focus more on Patients with Insurance.

The company has a very low clientele base that use insurance and they should aim to increase that figure. This is because Insurance pays out timely and IHHPC will be sure that their payment will come because an Insurance company is bound by certain rules and regulations. For security of payments therefore, they should increase their insurance based clientele.

3 0
3 years ago
Other questions:
  • Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fi
    14·1 answer
  • Individual credit card balances for a decedent are listed on which schedule of form 706?
    7·1 answer
  • Kornett Company during its first fiscal year ended December 31, 2016, Journalize the selected transactions, starting on page 21
    14·1 answer
  • The ____________ of a coffee-growing company include its employees, customers, suppliers, and the community members where the co
    11·1 answer
  • Nick purchased a $100,000 participating whole-life insurance policy on his life. To date, he has paid $50,000 in total premiumsa
    10·1 answer
  • The ultimate goal of any product costing system for a manufacturer is to determine the cost of producing one unit of product.
    13·1 answer
  • Whether to pay a lawmaker for giving a speech at your company is an ethical
    15·1 answer
  • Reverend Isaiah receives an annual salary of $36,000 as a full-time minister. This includes $4,000 designated as rental allowanc
    6·1 answer
  • SEE
    10·2 answers
  • If a service firm wants to build a global presence quickly and at a relatively low cost and risk, it must employ:___.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!