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Free_Kalibri [48]
3 years ago
6

Which of the following are true if you pay only the minimum amount each month towards your credit card bill?a. You will be charg

ed interest on your remaining balance.b. Your Annual Percentage Rate will increase.c. You may be in debt for a long time.d. Both A and B are true.
Business
1 answer:
BigorU [14]3 years ago
4 0

Answer:

The correct answer is A and C as both are true statement.

Explanation:

Credit Card is a facility which is offered by banks to borrow money and it could be used by the borrower for buying expensive goods and the services up front. It has a time period, in which the borrower need to make payment for the amount used by the borrower along with the interest charged.

So, if the borrower paid the minimum amount towards the credit card, then the borrower is still in debt until clears or paid the whole amount and also will be charged the interest against the remaining balance or amount.

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A company has set a low price on a new product it introduced. It wants to maximize its market share and attract a large number o
KATRIN_1 [288]

Answer:

A. Market-penetration pricing

6 0
2 years ago
Read 2 more answers
Please help for this question
Rasek [7]

Answer:

task based maybe ?

Explanation:

if it's correct than mark me brainliest

7 0
2 years ago
Franklin designs purchased the patent of a new couch design. the patent had a remaining life of 18 years, so franklin amortized
lys-0071 [83]
<span>If amortisation expenses are spread over 18 years rather than 6 years, amortisation expenses will be lower than they should be. This will cause an increase in net income. In addition, because less of the cost has been expensed, the remaining value of the patent will be too high, thus overstating assets.</span>
6 0
3 years ago
Brady corp. is considering the purchase of a piece of equipment that costs $20,000. projected net annual cash flows over the pro
katovenus [111]

Answer:

B

Explanation:

Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.

It is expressed in years and fraction of years.

Initial investment    20,000

Year 1                                                 3000               17000

Year 2                                                 8000               9000

Year 3                                                 15,000

9000/15000= 0.6 years

The payback period = 2.6 years

5 0
3 years ago
You are considering starting a sandwich shop, but are comparing that to the idea of staying at your current job instead. Which e
egoroff_w [7]

The principle of opportunity cost is taken into consideration when considering starting a sandwich shop, but are comparing that to the idea of staying at your current job.

<h3>What is opportunity cost?</h3>

It is the value or benefit loss when an alternative is selected. The value of the job or product to be dropped will be given up to choose something else.

Therefore, the principle of opportunity cost is taken into consideration when considering starting a sandwich shop, but are comparing that to the idea of staying at your current job because of the benefits that will be forgone in the current Job.

For more details on opportunity cost kindly check

brainly.com/question/1549591

6 0
1 year ago
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