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3 years ago

What is a credit limit?

Business

2 answers:

Llana [10]3 years ago

8 0

What is 'Credit Limit'

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. Lenders usually set credit limits based on information in the application of the person seeking credit.

tangare [24]3 years ago

4 0

A 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 a credit card company allows a borrower to spend on a single card.

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Which of the terms or phrases listed below is more associated with financial statements prepared in accordance with U.S. GAAP th

nekit [7.7K]

Answer:

The answer is Accumulated other comprehensive income

Explanation:

The statement of accumulated other comprehensive income is specific to U.S GAAP.It is known as statement of comprehensive under International Financial Reporting Standards.

The statement records losses and gains that are unrealized.For instance a company whose investment is in shares,would have to record the investment at fair value, that is the market price at each year end, any gains or losses arising from such valuation,especially if the shares are held for long term, is posted to the accumulated other comprehensive income or statement of comprehensive income.

The reason is that the shares are still held within the business not yet disposed of,hence the gains or losses are not realized and should not be recognized in profit or loss.

4 0

3 years ago

1. You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorro

Elan Coil [88]

Answer:

Current price of house = $222,000

Explanation:

given data

property that sold = $275,000

values decreasing at rate = $2,000 per week

Each bedroom = $30,000

a bathroom = $15,000

solution

we get here Price of 3 bedroom & 3 bathroom house (4 weeks ago) is

Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $275,000 - $30,000 - $15,000

Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $230000

and

reduction in price at $2000 per week for 4 weeks= 4 × 2000

reduction in price at $2000 per week for 4 weeks = ($8,000)

Current price of house = $230000 - $8,000

Current price of house = $222,000

8 0

3 years ago

Financing obtained from investors who believe the borrower will experience rapid growth and who receive equity (part ownership)

Jet001 [13]

Financing obtained from investors who believe the borrower will experience rapid growth and who receive equity (part ownership) in return is called Venture capital.

<h3>What is venture capital example?</h3>

Venture Capital (VC) is the term used to describe investment given by investors to small or newly established companies that have a promising future.
A venture capital fund is a type of private equity that is funded by institutional and private investors, including investment banks, insurance providers, and pension funds.

<h3>What is a venture capital in business?</h3>

A type of funding for creative, early-stage enterprises with significant growth potential is venture capital (VC).
For entrepreneurs and start-up businesses, venture capital provides financing and operational experience, generally, but not always, in technology-based industries like ICT, health sciences, or fintech.

<h3>What is venture capital and its types?</h3>

The use of venture capital funds at various phases of a firm determines how they are categorized.
Early stage financing, expansion financing, and acquisition/buyout financing are the three basic forms.
Early stage financing is divided into three subgroups.

Learn more about venture capital here:

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4 0

1 year ago

Discuss the three "ingredients" needed for employee performance. give your own brief example of a performance scenario where all

weqwewe [10]

The three ingredients needed for employee performance are motivation, capacity and support. Motivation is really important because if employees are influenced positively they can make things better. Capacity is also key because if employees are poorly prepared the won't have a good performance. Support is crucial because if we want to enhance employees' performance we have to be ready to back them up.

5 0

3 years ago

Which of the following is/are tactics used by interest groups to influence public opinion? Publicizing voting records of members

Shalnov [3]

Answer:

Publicizing Voting Records and Publishing Research.

Explanation:

As they seek to influence the public opinion and not the government in this question, lobbying would be out as it is a tactic to influence congress members directly and not the public. Publishing voting records could be a valid tactic if said vote records were in favor of the group interest. Funding and publishing research is a valid tactic as well because it serves as a platform to get facts and data to the public, influencing its decision (in the scenario a research findings benefits the interest groups vision, obviously).

3 0

3 years ago