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3 years ago

Which of the following is recommended when paying a credit card bill?

Business

2 answers:

AVprozaik [17]3 years ago

8 0

Your answer is C pay more than the minimum amount every month

patriot [66]3 years ago

3 0

Answer:

C. Pay more than the minimum amount every month.

Explanation:

Because credit cards have very high interest rates, and the interest is compounded every day, it is recommended to pay more than the minimum amount every month, so that the total credit card bill is paid out more quickly.

What happens when you pay more than the minimum amount every month is that you are paying not only the interest and principal that is due, but you are also paying additional principal. This additional principal payment is what will reduce the amount that will need to be paid in the future.

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Crane Company distributes to consumers coupons which may be presented (on or before a stated expiration date) to grocers for dis

777dan777 [17]

Answer:

Liability of un-redeemed coupons Pending on December 31, 2018 is $60,000

Explanation:

Coupon already expired issued on Jan 01, 2018

Coupon issued on 07/01/2018 $830,000

Estimated redeemable coupon value - 50% $415,000

($830,000 * 50%)

Less : Disbursed $355,000

Liability pending on Dec. 31, 2018 $60,000

4 0

3 years ago

The estimated expense for accounts that may not be collected is referred to as:

sashaice [31]

Answer: a bad debt expense

Explanation:

The estimated expense for accounts that may not be collected is referred to as. bad debt expense. Joyce Corp uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible

3 0

2 years ago

Which of the following is the Federal Reserve unable to directly do

Alja [10]

Answer:

Increase and decrease the interest rate in the economy by a certain percentage

Explanation:

The Federal Reserve can influence the prevailing interest rates. However, it cannot increase or decrease the interest rate in the economy by a certain percentage. The Federal Reserve influences interests rate by adjusting the fed funds rate. The feds fund rate is the interest rate that banks charge each other when they borrow from each other.

The Federal Reserve can lend to commercial banks, Adjust reserve requirements, and buy and sell U.S. securities.

3 0

3 years ago

A reading researcher does what

Dmitry_Shevchenko [17]

Answer:

They reveal how the author(s) interpreted the findings of their research and presented recommendations or courses of action based on those findings.

Explanation:

7 0

2 years ago

If the owner of a concert hall wishes to use third-degree price discrimination to price its tickets at $20, $15, and $10, it sho

Anika [276]

Answer: more elastic in their demand for tickets

Explanation:

Third-degree price discrimination is used by company when different price is being charged to a particular group of consumers.

Based on the scenario in the question, the owner of the concert hall should price tickets lower for customers who are more elastic in their demand for tickets.

Elastic demand simply means that a little change in the price of the concert hall will lead to a higher change in the quantity demanded. In this case, when the price increases, such people will buy little tickets. Therefore, the prices should be set lower for these set of people as there will be a huge increase in demand when the price is lower.

3 0

3 years ago