Why do credit cards not want you to pay your balance in full? explain the costs associated with a credit card.

1 answer:

6 0

Think of it this way...
If you pay a credit card balance in full, then you stop accumulating interest. The credit card company wants you to keep paying them, so they tell you how much you can pay. The thing is, you can't disable a credit card until it is paid off. As long as it isn't paid off,it is enabled and credit companies keep collecting your money. As they say, money makes the world go round.

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What factors are important in predicting change in price?

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Demand for the product,the season the product is in or if its outdated

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D: increase investment projects by firms

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If the production of a good created both external costs and external benefits, but the external costs were greater, without gove

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If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will not produce the product at all.

In the production and consumption of goods and services, there exist costs that are passed on to a third party. The general public, who is ultimately responsible for paying for them, is in fact subsidizing goods and services with external costs.

External costs are still necessary to be paid for even when they are not included in the product's price. It is ultimately the responsibility of society as a whole to pay for external costs through taxes, accident compensation, medical expenditures, insurance premiums, deterioration in environmental quality, and losses in natural capital.

Usually, the price of goods and services includes External costs, which results in a higher overall cost. Because consumers frequently select the lowest options, clean, sustainable products have a pricing disadvantage.

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2 years ago

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The risk of recession will most likely cause the company's shareholders to demand a higher return.

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If the company loses some customers, more might be attracted to the company. However, if the prices drop, the price might stay low and cause the financial value of stock to drop. Once the stock drops, the entire company loses money along with their stock, which is determined by their profit and loss.

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Cash debit 1,200

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The accounting will reflect the receipt of cash and the note at their principal.

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We just write-off the account receivable of the customer and declare how we settle.

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