Credit cards can cost you money if you don't pay your bills on time because the interest rates charged by lending organisations have a significant negative influence on both your personal finances and credit score.
The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded favourably by the Federal Reserve, which monitors credit card interest rates. If you settle your bill in whole each month, APR is irrelevant. It doesn't matter whether your credit card has a 10 percent or 25 percent interest rate.
To learn more about interest rates., click here.
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Answer: True
Explanation:
Current assets are the assets that a company had and which are expected to be either used or sold over the next year. Examples of current assets are cash, cash equivalents, stock inventory, accounts receivable, marketable securities, and other liquid assets.
It should be noted that when the sales of a from continue to grow, the current assets of such company also increases. An example is when there is an increase in the sales increase, this.will also have an impact on the firm's inventories as there will be an increase.
Answer:
B) Cannibalization occurs when the sales of a new brand take away from sales of an existing brand. Whenever a firm sells a new product it must look out for cannibalization. Michael's new mp3 players are cannibalizing the sales of his old players.
Explanation:
Market cannibalization occurs when a company's new product line crowds out the existing market for its current products, rather than expanding the company's market base as originally intended. In other words, rather than appealing to an additional segment of the market, a new product line appeals to the company's current market, reducing the demand for its established products. In this respect, market cannibalization is an instance in which a company's own two product lines compete against one another.
Answer and Explanation:
The journal entries are shown below
Jan 10
Account receivable Dr $8,180
To Sales revenue $8,180
(being goods sold on credit)
Here account receivable is debited as it increased the assets and credited the sales revenue as it also increased the revenue
Feb 9
7% Promissory note Dr $8,180
To Account receivable $8,180
(Being note received is recorded)
Here Promissory note is debited and account receivable is credited
The main <span>qualities of real entrepreneur are:
1) </span>spiritual freedom and energy;
2) willpower;
3) ability to effectively negotiate and convince partners and customers;
4) organizational skills;
5) determination and willingness to situations of risk.
