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
Klio2033 [76]
3 years ago
12

You are attending college in the fall and you need to purchase a computer. You must finance the purchase because your parents wi

ll not purchase it for you, and do not have the cash on hand to purchase it. In Blank 1, determine which type of credit you would use to finance your purchase. (Installment, non-installment, or revolving credit.) In Blank 2, defend your credit choice by explaining why your financing option is the best option for you. In Blank 3, please explain why you selected that credit option over the other two options available
Business
1 answer:
rodikova [14]3 years ago
3 0

The correct answer is installment credit. The explanation is below.

Installment credit allows you to purchase an item and then pay for it in installments. The reason that this would be the best option for you is that you do not have the money now to make the purchase, but you are able to make smaller monthly payments in order to purchase a computer.

Installment credit is better than revolving credit for new borrowers. Revolving credit would allow you to charge additional purchases on your revolving credit account. The installment plan only finances one item, rather than like a credit card, which is how revolving credit works. You would not choose non-installment credit because this would require you to make this payment all at once in a short period of time. It would not allow you to spread the payments out over time.

You might be interested in
Which of the following statements is TRUE about a career?
spin [16.1K]

Answer:b. A career is a series of steps or accomplishments working towards a lifelong ambition or goal.

Explanation:

8 0
2 years ago
Psychographic analysis and behavioral analyses are examples of methods of ________. market research marketing market segmentatio
Anni [7]

Psychographic analysis and behavioral analyses are examples of methods of market segmentation positioning.

Market research is the process of determining the feasibility of a new service or product through research conducted directly on potential customers. Market research allows companies to discover target markets and collect consumer opinions and other feedback regarding their interest in products and services.

Most business ideas come from entrepreneurs who recognize a need for a product or service.

The psychographic analysis includes personality traits, lifestyle, social class, habits, behaviors, and interests. Each of these unique psychological factors strongly influences consumer behavior. These factors are then used to segment the audience based on their psychographic composition.

Learn more about Psychographic analysis at

brainly.com/question/13361203

#SPJ4

8 0
2 years ago
The two functions of financial accounting are to measure business activities and prepare tax returns. True or false
Schach [20]

The two functions of financial accounting are to measure business activities and prepare tax returns. FALSE

<h3>What is a Tax return?</h3>
  • A tax return is a document submitted to a taxing body that lists earnings, outlays, and other pertinent financial data.
  • Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
  • Tax returns must typically be filed yearly.
  • In the United States, tax returns including data necessary to compute taxes are filed with the Internal Revenue Service (IRS) or with the state or local tax collecting agency (Massachusetts Department of Revenue, for instance).
  • The IRS or another applicable authority's forms are often used to complete tax returns.

To learn more about Tax return, refer to the following link:

brainly.com/question/27300507

#SPJ4

6 0
1 year ago
When economists say that money serves as a store of value, they mean that it is :_______
timofeeve [1]

Answer:

a) a monetary unit for measuring and comparing the relative values of goods.

Explanation:

In the case when the economist said that money could be treated as the store of value so this means that it represent one of the functions of money which can be stored and retrieve later onwards

Also it is a monetary unit that could be used for measuring and also compared the goods value

Therefore the option a is correct

6 0
3 years ago
Which of the following is false regarding the FIFO inventory method?
puteri [66]

Answer: All of the other answer choices are true.

Explanation:

FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.

The following are true regarding the FIFO method:

• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.

• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.

• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.

Therefore, the correct option is D as all are true.

4 0
3 years ago
Other questions:
  • Mary and Jeff entered into a partnership agreement. However, the agreement didn't state how income and losses would be divided.
    9·2 answers
  • Olde manufacturing, a parts supplier to the auto industry, has been using the behavioral approach to management for over 100 yea
    6·1 answer
  • The Polishing Department of Marigold Company has the following production and manufacturing cost data for September. Materials a
    15·1 answer
  • The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intellige
    13·1 answer
  • Prior to the merger, Firm A has $1,250 in total earnings with 750 shares outstanding at a market price per share of $42. Firm B
    6·1 answer
  • Public relations is best considered a __________ function
    15·1 answer
  • Two-year-old sarah's parents are trying to get her to go to bed each night at 7:00. on the first 3 nights of this new regimen, s
    14·1 answer
  • Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold ever
    5·1 answer
  • Select the correct answer.
    13·1 answer
  • ____1. The process of coordinating and overseeing the work performance of individuals working together in organizations, so that
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!