Answer:
B. The maximum that a creditor will allow a customer to owe at any point in time
Explanation:
Credit limit also referred to as a credit line is the maximum amount of money a lender can extend to a client. Lenders often times set the credit limit based on the individual's credit history. This is to determine if the client is credit worry.
There are two categories of borrowers, which are; high-risk borrowers and low-risk borrowers.
Answer to question 1= it is different because on a news paper it is written and typed , on a TV u don't have to read instead u can just watch.
Answer:
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Explanation:
Answer:
----Either similar or identical products --------Difficult entry
----Mutual interdependence
Explanation: An Oligopolistic market is a market characterized by few sellers of large firms who sell either similar or differentiated products. Here, Each firm is mutually interdependent as any action from any firms influences the actions of the rest of the competing firms , therefore decisions are made using strategic planning and consideration as competing firms are ready to counter react to any change in any new market action.
Market entry is difficult Because of the already established customer base of the successful operating firms dominating the market.Also venturing into the market requires high capital, technology or additional government licences. Examples of Oligopolistic firms are oil and gas firms, airlines, mass media etc
Answer:
Instructions are below.
Explanation:
Giving the following information:
Future value= $11,000,000
Number of years= 2
To calculate the initial investment required, we need an interest rate. <u>We weren't provided with this information, however, I will provide the formula and an interest rate.</u>
i= 8% compounded annually.
To calculate the lump-sum, we need to use the following formula.
PV= FV/(1+i)^n
PV= 11,000,000/(1.08^2)
PV= $9,430,727.02
