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3 years ago

Your credit limit is $1,000 what is the max you should ever owe on this card?

2 answers:

8 0

<span>When the financial institution or lender gives a borrower a maximum credit limit of $1,000, it means that he can only owe within that amount or spend up to that limit. Otherwise, spending more than $1,000, the borrower may face penalties or fines in addition to his regular payment. In other words, credit limit refers to the maximum amount of credit a bank extends to the client who has the capacity to pay his debt. </span>

lara [203]3 years ago

8 0

When the financial institution or lender gives a borrower a maximum credit limit of $1,000, it means that he can only owe within that amount or spend up to that limit. Otherwise, spending more than $1,000, the borrower may face penalties or fines in addition to his regular payment. In other words, credit limit refers to the maximum amount of credit a bank extends to the client who has the capacity to pay his debt.

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This year Luke has calculated his gross tax liability at $1,800. Luke is entitled to a $2,400 nonrefundable personal tax credit,

Fantom [35]

Answer:

Luke's net tax due or refund is $2,900

Explanation:

In order to calculate Luke's net tax due or refund we would have to make the following calculation:

Luke's net tax due or refund=Luke's non refundable credit+income taxes withheld from his salary

Luke's non refundable credit=non refundable personal tax credit-gross tax liability

Luke's non refundable credit=$2,400-$1,800

Luke's non refundable credit=$600

Therefore, Luke's net tax due or refund=$600+$2,300

Luke's net tax due or refund=$2,900

Luke's net tax due or refund is $2,900

6 0

3 years ago

The basic activities that comprise marketing include the following: A. Financial ratio analysis B. Marketing research and targe

Alexeev081 [22]

Answer:

The correct answer is B,C,D,E

Explanation:

The basic activities of marketing consists of the following;

Marketing research and target market analysis, cost/benefit analysis, benchmarking - a process of measuring a business's performance and standard against competitors and rivals and thus conducive to winning in the marketplace, and Pricing, distribution, and human resource management (HRM).

Customer analysis, selling products and services, and product and service planning are also basic activities of marketing.

7 0

2 years ago

At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subjec

Anettt [7]

Nate finds the language of the contract to buy bedroom furniture difficult to understand due to "procedural unconscionability".

<h3>What is procedural unconscionability?</h3>

Unconscionability that results from the contract-making process rather than from a contract's terms that are inherently unfair or unreasonable

Examples of Procedural Unconscionability is-

influencing an underprivileged party who would not have otherwise signed the contract to do so.
minimising important clauses in contracts for the sake of the underdog.
If one side uses threats of violence against the other party, his family, or friends, this is known as coercion.

Therefore, Procedural unconscionability is based on elements that deprive a party of a meaningful choice, such as customer ignorance or a significant amount of unclear fine print.

To know more about elements required in contract-making, here

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6 0

2 years ago

Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck? A checking

taurus [48]

Answer:

a. Deposits

Explanation:

3 0

2 years ago

The television show leave it to beaver depicted a family that clearly followed the dominant model of the 1950s. there were two m

Serga [27]

While many women go out and work, much of the childcare is still being done by mothers today.

Hope that helps.

7 0

3 years ago