Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Answer:
Passive income is money earned on an investment, or work completed in the past that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. I would think active income is easier because it allows you to earn an income quickly and consistently. Passive income can take years to build.
Explanation:
The amount of the operating cash flow using the top-down approach is<u> $2,200</u>.
<u>Explanation</u>:
<em><u>Given</u></em>:
Sales of production= $6,000
Increase in cash expenses= $2,500
Increase in tax= $1,300
Additional depreciation expense= $1,000
Initial cash outlay= $2,000
Operating cash flow= Sales of production- Increase in cash expenses- Increase in tax
OCF = 6,000-2,500-1,300
= $2,200
So the amount of the operating cash flow using the top-down approach is $2,200.
Answer:
b. one Dollar can buy 0.738 Euros
Explanation:
Given that
The Current Exchange rate is
= $1.335 ÷ 0.738 Euro
The 0.738 represents the indirect exchange rate now transform it into direct exchange rate
Direct Exchange rate is
= $1 ÷ 0.738 Euro
= $1.3550
Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355
But the person could purchased at ask price only
Therefore the option b is correct
