Labor unions want higher wages for employees, but producers can earn more profits by offering lower wages.
- Travel and Entertainment Credit - Consumers use cards with no interest and non-revolving balance.
- Revolving Check Credit - Consumers use prearranged loan using special checks.
- Closed-End Credit - Consumers pay off dept and credit is automatically renewed.
- Revolving Credit - Consumers take out a loan with a repayment date and have a specific purpose.
<h3>What is meant by Consumer Credit?</h3>
Consumer credit refers to debt incurred by an individual to pay for products and services. An example of consumer credit is a credit card.
Consumer credit might refer to any sort of personal loan, although it is more frequently used to denote unsecured debt that is incurred to pay for regular products and services. Consumer debt can, however, also refer to secured loans like mortgages and auto loans.
Installment credit is given for a predetermined time period and is utilized for a specified purpose.
Open-ended revolving credit is a type of loan that can be applied to any kind of transaction.
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Answer: The price of the tied good is $27.
Explanation: The practice of tying is used to package products in such a way that the price of the tied (combined) good is closer to the buyers total willingness to pay for the two goods.
In this case, the total willingness to pay of Carnivore is $20+$7=$27
While, that of Leafygreens is $8+$12=$20
Thus, the producer will sell the combined good at $27 as it will give him more revenue.
Answer:
$272,000
Explanation:
Accumulated depreciation is the sum of depreciation expense.
Depreciation is a method of expensing the cost of an asset.
Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life
($700,000 - $20,000) / 5 = $136,000
The straight line depreciation method Deprecation allocates the same deprecation expense each year of the useful life of an asset.
The depreciation expense in 2019 and 2020 would be $136,000 x 2 = $272,000
I hope my answer helps you
Answer:
A business will only be legal and not against any existing or foreseeable government regulation if there are documents proving that the business is legally registered, with the type of business and other details fully disclosed by the promoters during the formation and documentation stages.
Explanation:
The main document for incorporating a company in the United States is the Articles of Incorporation. The document specifies the primary purpose of the business, its location ( and state of incorporation), and the shareholdings.
