All categories

4 years ago

The type of credit card you want to pay in full on time every time is...

Business

2 answers:

nignag [31]4 years ago

8 0

The correct option is (C).

The type of credit card we want to pay in full on time every time is high credit limit and low interest.

Further Explanation:

Credit card:

It is a form of plastic card which is issued by any bank.A credit card is something a person borrows an amount initially from the banks of that card then, and the amount is paid back with interest, the credit card is used for many purposes like purchasing of products.

Justification for the correct and incorrect option:

Low Credit Limit, High interest: This option is incorrect.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, not the low credit limit, and with high interest to be charged.

Low Credit Limit, Low interest: This option is incorrect.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, and not with the low credit limit which has less value than the high credit limit card with low interest.

High Credit Limit, Low interest: This option is correct.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay. An ideal credit card is which is preferred by most of the customers so that the customers have to pay less interest for the credit card borrowing.

High Credit Limit, High interest: This option is incorrect.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, not the high interest, which will make the person pay extra amount for that borrowed amount of the credit card.

Learn More:

1. Credit card

brainly.com/question/8750254

2. Credit card

brainly.com/question/1124275

3. Credit card

brainly.com/question/6453895

Answer Details:

Grade: High school

Chapter: Credit card

Subject: Business studies

Keywords:

The type of credit card you want to pay in full on time every time is low credit limit, high interest, low credit limit, low interest, high credit limit, low interest, high credit limit, high interest.

Scorpion4ik [409]4 years ago

7 0

The answer is A) low credit card limit, high interest

You might be interested in

Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The numbe

zysi [14]

It can be deduced that the number of blankets that must be sold in order for the company to achieve the target profit is 40000.

<h3>How to calculate the target profit</h3>

From the information, Blissful Blankets' target profit is $520,000 and each blanket has a contribution margin of $21. Fixed costs are $320,000.

Therefore, the number of blankets that must be sold to achieve the target profit will be:

= (520000+320000)/21

= 40000

Learn more about profit on:

brainly.com/question/1078746

5 0

2 years ago

For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a

ziro4ka [17]

Answer:

$3,860

Explanation:

The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.

Therefore to calculate final balance of allowance for doubtful balance

Beginning balance 2700

Bad debt expense (410000*1%) 4100

Less: Written off -2940

Ending balance 3860

So answer is $3,860

4 0

3 years ago

A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded

djverab [1.8K]

Answer:

A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded municipal airport. In order to be compensated for this loss, the owner could:

B.bring a suit alleging inverse condemnation

Explanation:

A law suit is a claim or legal problem taken to a court of law by an individual or organization rather than the authorities for a legal decision to be made. In the case above, the residential property diminished in value after constant noise of jets taking off from a recently expanded municipal airport. The loss in value is as a result of the recently expanded municipal airport and the property owner wants to be compensated for this loss.

In law, there are different terminologies and phrases that have specific meaning, some of them are as follows;

1. Inverse condemnation

Inverse condemnation is a case where a government entity takes private property or influences the value of that private property in one way or another then fails to compensate. In our case, this law suit can apply since the municipal airport is under the jurisdiction of the government and there action of expanding the airport caused a decline in value of neighboring residential property thus they should compensate the owner for this loss. The owner can bring a suit alleging inverse compensation.

3 0

3 years ago

Who is responsible for applying skills, knowledge, and project management tools and techniques to project activities to successf

spin [16.1K]

Answer:

The correct answer is: Project manager.

Explanation:

The Project manager is the executive in corporations to oversee the accomplishments of the objectives of the firm. These professionals help to set, perform, evaluate, and adjust the goals of the company according to the current situation. They come up with different tools to effectively achieve that.

3 0

3 years ago

On January 1, 2020, Harter Company had Accounts Receivable $139,000,

LuckyWell [14K]

Solution and Explanation:

Date Particulars Post ref. Debit ($) Credit ($)

5- Jan Accounts Receivable 20000

Sales revenue 20000

(To record the sales revenue)

5- Jan Notes Receivable 30000

Accounts receivable 30000

(To record the sales revenue)

18- Feb Notes receivable 8000

Sales revenue 8000

(To record the notes receivable and sales revenue)

20- April Cash 20400

Notes receivable 20000

Interest revenue 400

(To record the collection of notes)

30 april Cash 25000

Notes receivable 25000

(to record the collection of payment due)

25 May Notes receivable 6000

Accounts receivable 6000

( To record the note settlement of past due balance)

18- Aug Cash account 8360

Notes receivable 8000

Interest revenue 360

(To record the collection of notes payment)

25- Aug Accounts receivable 6135

Notes receivable 6000

Interest revenue 135

1-Sep Notes receivable 12000

Sales revenue 12000

(To record the note for amount due)

6 0

3 years ago