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
tamaranim1 [39]
3 years ago
15

How is a line of credit similar to a credit card

Business
1 answer:
xxMikexx [17]3 years ago
8 0
They both have preset limits
You might be interested in
Scientists are still a long way from fully understanding the psychological effects of video games.
taurus [48]
Interesting is there a question?
6 0
3 years ago
If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t
Ainat [17]

Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

3 0
3 years ago
Complete the following table of basic calculations. For Percent Contribution Margin, use MC. Round to table standard.
matrenka [14]

The table shows that price of J will be $12, the quantity demanded of A will be 700, and the marginal revenue of E is 7.

<h3>How to calculate the values?</h3>

The price of J will be:

= Total revenue / Quantity demanded

= 14400/1200

= 12

The quantity demanded of A will be:

= Total revenue/Price

= 11900/17

= 700

The marginal revenue of E will be:

= (13500 - 12800)/(900 - 800)

= 700/100

= 7

The variable cost of B will be:

= 6140 - 500

= 5640

The total cost of C will be:

= 6135 + 500

= 6635

Learn more about demand on:

brainly.com/question/1245771

#SPJ1

6 0
2 years ago
A stock has a required return of 11%; the risk-free rate is 7%; and the market risk premium is 4%.
kotegsom [21]

Answer:

The Beta is 1

The required return increases to 13%

Explanation:

The formula for required return is given below:

Required Return = Risk-Free Rate of Return + β(Market Return – Risk-Free Rate of Return)

required return is 11%

risk-free rate of return=7%

Beta is unknown

market return-risk free rate of return is market risk premium is 4%

11%=7%+beta(4%)

11%-7%=beta*4%

4%=beta*4%

beta=4%/4%

beta=1

If the market risk premium increased to 6%,required return is calculated thus:

required return=7%+1(6%)

required return =13%

This implies that the riskier the stock, the higher the market risk premium, the higher the required return to investors.

6 0
3 years ago
On September 1, Year 1, Great Lakes Equipment receives $24,000 from a customer for work to be performed evenly over the next 2 y
posledela

Answer:

Great Lakes should recognize on the income statement for the year ending December Year 1 $4,000

Explanation:

The income statement only recognize the amount of money that was generated during the period of the income statement.

If the company invoiced by month, it only recognize the total amount for the last four months of the year.  

7 0
3 years ago
Other questions:
  • Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d
    15·1 answer
  • What was the most common form of taxation during the colonial era?
    13·1 answer
  • In a conditional expression that includes logical operators, the and operator has a lower order of precedence than the _________
    7·1 answer
  • . Jeff works as a computer repair technician. He has money in a savings account and he owns some stock. What types of income doe
    6·1 answer
  • Stor Manufacturing stores hazardous and volatile chemicals in its warehouse. The warehouse has state-of-the-art equipment to mak
    15·2 answers
  • A rapidly growing small firm does not have access to sufficient external financing to accommodate its planned growth. Discuss wh
    6·1 answer
  • A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
    14·1 answer
  • Describe the action of gluten during mixing and baking
    10·2 answers
  • Diversion is the act of acquiring a product or service by means of:
    14·1 answer
  • The City of Mayville had total fund balance in its General Fund of $200,000 on December 31, 2019. The City of Maysville's Genera
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!