Answer:
$575.82.
Explanation:
Since Thomas owes $ 438 on his credit card, but only paid the minimum of $ 20, his debt is now $ 418 (438 - 20). A late fee of $ 39 will be added to this value, which will raise said sum to $ 457 (418 + 39). In turn, the interest rate for unpaid card balances is 26% per month. Therefore, next month his balance will be $ 575.82 (457 x 1.26).
Answer:
True
Explanation:
When machine is purchased, then the assets increase by the carrying or purchase value of the machine purchased. Here, it is of $1 million.
Further, when it is purchased as against any credit, it creates a liability with the same amount.
Since here also the liability amount = $1 million, it will be recorded with the same.
As there is no involvement of Equity or Retained earnings this do not lay any impact on carrying value of owners equity.
Thus, it is True.
Automobile loans is not a type of consumer credit
Answer: B. Public Service
Explanation:
There are 4 alternative forms of institutional advertisements being;
- Competitive - These types of adverts aim to show that the product presented is better than that of the competitor by showcasing its benefits and features.
- Reminder - As the term implies, this advertisement is meant to remind you. Remind you of the product being offered and how it has been beneficial to you.
- Pioneering - This is for products that are just starting out and need to be introduced to inform the market of its existence.
- Advocacy - These focus on telling the audience the position a company has on an issue.
These are the four alternative forms of institutional advertisements and Public Service is not one of them.
Someone with the skills mentioned above would be great as (A) a credit analyst.
A credit analyst is <u>a person working in finances whose main job is to assess the creditworthiness of companies, individuals, and securities. </u>
Credit analysts are usually employed by public or private financial institutions (both banking or non-banking).