All categories

2 years ago

When explaining credit to a friend, which of the philosophy can you use?

Business

1 answer:

tatiyna2 years ago

7 0

Buy now, pay later is the Philosophy that i will use when explaining about credit to a friend

Explanation:

The philosophy of the credit card is based on the credit cycle.(i.e Buy Now,Pay Later)
That means that if you don't have cash-in -hand then you only need to make payment through credit card and then when you have money the amount spend gets debited from your bank Account.
The credit card follows a 50 days credit cycle

You might be interested in

A corporation has outstanding $5,000,000 of 9 1/2% 20-year debentures, with a conversion price of $40. If all the debentures wer

Fiesta28 [93]

Answer:

The 125,000 shares of common stock would be issued

Explanation:

For computing how many shares of common stock would be issued, we have to use the formula of common share produced which is shown below:

Common share produced = Par value ÷ Conversion price

where,

Par value is $5,000,000

And, the conversion is $40

Now, apply these values to the above formula

So, the value would be equals to

= $5,000,000 ÷ $40

= 125,000

The time period and rate of debentures is irrelevant, Thus, it is ignored.

Hence, the 125,000 shares of common stock would be issued.

8 0

2 years ago

Who LIkes MY Pfp?? Also Free PTs Luv YAll

Anton [14]

Answer:

me its amazing wonderful delightful and miraculous.

8 0

2 years ago

Read 2 more answers

A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm.

spin [16.1K]

Answer: Option A

Explanation: The given case relates to the problem of dissolution of partnership and not the dissolution of firm.

In case of dissolution of partnership only the existing agreement among the partners ceases to exist due to leaving or joining of new partners and a new agreement takes place among the existing partners.

In such a case, the account balance of the partner remains same. It changes in case of dissolution of firm.

Hence the correct option is A.

3 0

2 years ago

Read 2 more answers

Bay crab processor has a contract with jim, a local crabber, to buy all the crabs jim catches during the season for 35 per bushe

vichka [17]

The answer to this question is the "output contract". This is a mutual agreement between the producer of the product and the buyer. The producer agrees that he will sell all his product to the buyer and the buyer agrees that he will buy all the product delivered to him by the producer. Thus, to complete the sentence we have it "Bay crab processor has a contract with Jim who is a local crabber and inform Jim that he will buy all the crabs. Then, Jim catches during the season for 35 per bushel. this is an example of an OUTPUT contract."

3 0

2 years ago

The assets (what a business owns), liabilities (what a business owes), and capital (how much a

Sati [7]

Answer:

balance sheet

Explanation:

Businesses are required to prepare a balance sheet at the end of every financial year. The balance reports the net worth of a company. It lists all the assets and their values on one side and liabilities and equity on the side. The balance sheet follows the accounting equation to indicate the total assets on one side. It shows how the assets have been financed through liabilities and equity.

8 0

2 years ago