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Taya2010 [7]
3 years ago
7

What is a credit limit?

Business
1 answer:
Artist 52 [7]3 years ago
5 0
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

Hope this helps 
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The set of activities required to first identify a​ need, assign a supplier to meet that​ need, approve the specification or​ sc
timama [110]

Answer:

B. ​procure-to-pay cycle.

Explanation:

Procure to pay  -

It is the method of purchasing , requisitioning , accounting or paying for any services or goods .

It is the set of activities , which are needed firstly , to detect the need , to assign the supplier , approve it , acknowledge the receipt and at last payment to the supplier .

Hence , the correct term for the given statement is  B. ​procure-to-pay cycle .

6 0
3 years ago
When the pizzeria makes 100 pizzas per day, it earns an economic ______ of ______?
Alex17521 [72]
<span>When the pizzeria makes 100 pizzas per day, it earns an economic incentive of 10% of sales from corporate. This is be cause corporate knows general advertising can only do so much. Local franchises need to take up some of the slack, post their own signs, and do some the legwork to get people in the door. If they can get at least 100 pizzas sold per day it's an obvious sign to corporate thay they must be putting in the extra effort. Extra effort means more money for corporate so they provide extra incentive to motivate the masses :)</span>
5 0
3 years ago
you are saving $30 each month. you have a goal to accumulate $700 in savings. how long will it take you?
vredina [299]
<span>Goal = accumulate $700 in savings
</span><span>Saving = $30 a month
</span><span> To solve: Take the goal savings amount of $700 and divide the amount that is going into the savings monthly, $30 by it.
</span><span>$700/$30 = 23.33 months
</span><span>If sticking to a full month goal, it would take 24 months for the savings to be at $700. </span>
5 0
3 years ago
Read 2 more answers
Mark goes to Tony's Lumber Yard to buy some lumber to build a new roof for his cabin. Mark tells Tony, the lumber yard owner, to
musickatia [10]

Answer: Tony has explicitly breached the Implied Warranty of Fitness for a particular purpose.

Explanation: the Implied warranty of fitness for a particular purpose takes effect when a buyer specifically asks a seller for a product that can be used for a particular purpose.

Because Mark (buyer) requested for the exact type of wood that can resist wood decay caused due to the damp environment of his cabin and Tony (seller) sells Mark lumber while assuring him that it's what he is looking for. Tony's assurance to Mark is known as the Implied warranty of fitness for a particular purpose, and since the wood is affected by dampness and caves then Tony has explicitly breached the warranty.

5 0
3 years ago
If the real money demand is greater than the real money supply, interest rates must rise to reach equilibrium in the money marke
kondaur [170]

Answer:

2. False

Explanation:

The market for money is like the market for any other good: if demand is higher than supply, then, the price of money (the interest rate), will have to be lowered, so that money becomes cheaper and more abundant, and supply and demand become equal and reach equilibrium.

In this case, the centrla bank needs to lower the interest rates by buying bonds. When the central bank buys bonds, it prints more money that is put in the market, effectively increasing the supply of money, and lowering the interest rate in the meantime.

6 0
2 years ago
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