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
kykrilka [37]
3 years ago
9

Write a paragraph summary of the history of credit and consumerism

Business
1 answer:
ollegr [7]3 years ago
7 0

Answer:

Credit was invented by Mr A Smith (of bank note fame) to allow parents to top-up teenagers phones. This was viewed as particularly important since without it they would be unable to cheat on their homework.

Explanation:

Do I really need to explain such an egregious answer

You might be interested in
Your company has just taken out a 1-year installment loan for $82,500 at a nominal rate of 12.0% but with equal end-of-month pay
Bas_tet [7]

Answer:

89.63% of 2nd month payment will go towards the payment of principal.

Explanation:

Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 12% per year = 1% per month

n = number months = 12 months

PV =  present value of all payments = $82,500

P = payment per month = ?

P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12

P = $7,330 per month

Month Payments Principal Interest Balance

1                 -7330              -6505     -825       75995

2                -7330              -6570      -760      69,425

Percentage of Principal Payment  = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%

6 0
3 years ago
Which component of a service is the ability to perform the service dependably, accurately, and consistently?
Elena-2011 [213]
Good treatment for customer,well coming of the customer,to provide quality surviec
<span />
6 0
3 years ago
Raphael Corp. incorrectly expensed a major addition to equipment when the company should have capitalized the expenditure. What
noname [10]

When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.

<h3>What is net income?</h3>

The income which is left at the end of an organization at the end of a financial period after making all the regulatory and compliant payments and deductions, such as taxes and depreciation, it is known as net income.

Hence, the significance of net income is aforementioned.

Learn more about net income here:

brainly.com/question/15570931

#SPJ1

7 0
2 years ago
Bernice is an underwriter. she is reviewing a commercial crime coverage application. the coverage will be written using the disc
Mnenie [13.5K]

Answer:

A retroactive date endorsement

Explanation:

In Insurance, a retroactive date endorsement is used for most claims-made policy forms.

For a claims-made policies, the date which a professional liability coverage begins, covering for any incident that causes damage or harm to a third party on or after the date it occurred, provided the claims relating to it were filed with an active liability insurance coverage, is known as the retroactive date endorsement.

Hence, Bernice should add a retroactive date endorsement to the policy to protect the insurer against liability for such previous losses.

7 0
2 years ago
Read 2 more answers
If we assigned three people to work with you on a complex project containing 75 tasks that you were responsible for, how would y
Anni [7]
First of all, I will try to get to know people who were assigned to me. as I will have 75 tasks and equality is very important to me, I will give each person 25 task. if they will have some problems with given task I will try to help them or change their tasks so they can be more comfortable with their work. As a leader, i will do work as well, if my team will have some problems i will listen to them and solve those problems together. 
3 0
3 years ago
Other questions:
  • Which statement best describes how an informational interview differs from a job interview
    7·2 answers
  • Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
    9·1 answer
  • The ________ concept is aligned with the philosophy of continuous product improvement and the belief that customers will choose
    5·1 answer
  • Which of the following is an appropriate during a formal interview
    6·1 answer
  • Sara works at a printing company. She and her colleagues have to stagger
    10·2 answers
  • Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per ye
    9·1 answer
  • Which of the following best defines the Theory of Constraints? a. The concept of purposely creating barriers in a process in ord
    8·1 answer
  • Why does compound interest earn you a higher annual percentage yield
    9·1 answer
  • What type of protection does U.S law grant the creator of a book, film, or piece of music
    6·1 answer
  • when revenue is greater than total expenses, resulting in a net income, the income summary account has a
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!