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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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Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore can
77julia77 [94]

Answer:

The correct answer is letter "B": resources are limited and therefore cannot satisfy​ one's many competing wants.

Explanation:

Scarcity is the main problem in economic by which people have unlimited needs but finite resources to satisfy them. As a result, individuals must make tradeoffs to sacrifice part of the satisfaction of a need, to satisfy part of another need. Scarcity pushes people to make rational decisions to maximize their returns.

7 0
3 years ago
Help me please please
monitta
Either a or c it’s one of those
6 0
3 years ago
Read 2 more answers
A machine with a cost of $85,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 20,000 hours. Wha
Nataly_w [17]

The amount of depreciation for the second full year, using the double-declining-balance method is  $20,400.

<h3>What is the amount of depreciation in the second year?</h3>

Depreciation is a method used in expensing the value of an asset.

Double declining depreciation expense = [2 x (1/useful life of the asset)] x cost of the asset

Depreciation expense in year 1 = 2/5 x $85,000 = $34,000

Book value at the beginning of year 2 = $85,000 - $34,000 = $51,000

Depreciation expense in year 2 = 2/5 x $51,000 = $20,400

To learn more about depreciation, please check: brainly.com/question/6982430

8 0
2 years ago
the body that determines how taxes will be used to support schools, what will or will not be taught, and the length of the schoo
DerKrebs [107]

The body that determines how taxes will be used to support schools, what will or will not be taught, and the length of the school day and year is the .  <u>state legislature.</u>

<u></u>

State Legislature is the frame that determines how taxes will be used to aid colleges, what is going to or will no longer learn, and the length of the college day and year.

The protection and control of public schools is essentially the duty of the state legislature. The formation, choice, and manage of the curricula, educational techniques, and substances used in schools are all relatively prompted with the aid of the states.

Learn more about State Legislature here:-brainly.com/question/24315255

#SPJ4

5 0
1 year ago
ABO purchased a truck at the beginning of 2018 for
valentina_108 [34]

Answer:

B. Debit Loss $5,000.

Explanation:

depreciation per year under straigh-line method:

\frac{cost- salvage}{useful \: life}

\frac{140,000 - 20,000}{6}

depreciation per year: 20,000

book value at 2019 year-end:

140,000 - 20,000 x 2 = 100,000

disposal value:                95,000

loss for                               5,000

loss at diposal:                      5,000  debit

cash                                      95,000 debit

accumulated depreciation  40,000 debit

                truck                                       140,000 credit

3 0
3 years ago
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