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raketka [301]
3 years ago
10

Karen has decided to calculate her net worth. She has these items listed so far: an antique bracelet, twenty dollars cash, a cre

dit card bill, a checking account statement. Which of these is a liability?a. antique braceletb. twenty dollars cashc. credit card billd. checking account statement
Business
1 answer:
Kaylis [27]3 years ago
3 0

Answer:

c. credit card bill

Explanation:

A credit card bill is a liability. It is a debt owned by the business to be paid within an accounting period. A credit card reflects authorization by the credit card company of a line of credit for the buyer with predetermined interest rates and payment terms- hence the term credit card. Most companies waive interest charges on the line of credit if the buyer pays its balance in full each month.

Once a credit is established with a credit card company or bank, the customer does not have to open an account with each store . Customers using these  credit cards can make single monthly payments to different creditors and can defer their payments.

<em><u>Deffered payments </u></em> are a liability for a customer and need to be paid within the accounting period.

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2 years ago
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Hoochie [10]

Answer:

2.88%

Explanation:

According to the fisher equation :

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6 0
3 years ago
Northwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees hav
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3 years ago
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