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4 years ago

Why do credit card companies typically require small minimum payment amounts on their customers' monthly credit card statements.

Business

1 answer:

evablogger [386]4 years ago

7 0

Answer:

C) Credit card companies want to increase profits by promoting slower repayment, and actual customer repayments will be anchored by the smaller payment options

Explanation:

It is always a bad idea to only pay the minimum monthly payment on a credit card debt, since the APR charged is much higher than other personal loans. If someone only makes the minimum payment and continues to purchase goods or pay services, their balance will continue to grow.

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Singapore Airlines is rated one of the best airlines in the world and often requires ticket agents to serve as baggage handlers.

kherson [118]

Ticket agents often deal with luggage and so cross-training makes them more efficient.

Singapore Airways has been named this year's 'global's exceptional Airline' in Skytrax's Global Airline Awards. SIA also took the pinnacle spot in the 'world's exceptional First class', 'satisfactory Airline in Asia' and 'exceptional First elegance Airline Seat' categories in the 2018 ratings.

Accomplishing service Excellence price-successfully. SIA has two major assets planes and those and it manages them in order that its carrier is better than its opponents' and its fees are lower. in contrast to different airlines, SIA guarantees that its fleet is usually young.

Singapore has usually been very progressive in relation to patron enjoyment. They have been the first airline to have satellite communications for passengers, and on-demand seatback entertainment screens for economy suites on board their A380.

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2 years ago

what do economies of scale, the ownership of essential raw materials, and patents have in common? they must all be present befor

pantera1 [17]

what do economies of scale, the ownership of essential raw materials, and patents have in common? They are all barriers to entry.

Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Since raw materials, like labor and capital, are factors of production, traders buy and sell them on the factor market.

Various sorts of raw materials can be employed in a wide range of goods. The inventory or input commodities that a business needs to make its products are known as raw materials. For instance, a car manufacturer would employ steel used in the construction of vehicles as a raw material.

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5 0

2 years ago

(Learning Outcome 2) Watson Plumbing performed plumbing services for ABC Daycare on account for $565. How will this transaction

Strike441 [17]

Answer:

ABC Daycare

Effect of Performing Plumbing Services on account on the Accounting Equation:

Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565

Explanation:

a) Data and Analysis:

Accounts receivable $565 Service Revenue $565

The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction. It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two. This equation forms the basis for the double-entry system of financial accounting.

7 0

3 years ago

Suppose that the Federal Reserve has set the required reserve ratio at 0.20 (that is, 20%). Second Republic Bank currently has $

Aliun [14]

Answer:

Reserves = $105,000

Required reserve = $30,000

Excess reserve = $75,000

Explanation:

Given:

Required reserve ratio = 0.20

Check able deposit = $150,000

Outstanding loans = $45,000

Computation:

Reserves = Check able deposit - Outstanding loan

Reserves = $150,000 - $45,000

Reserves = $105,000

Required reserve = Check able deposit[Required reserve ratio]

Required reserve = $150,000[0.20]

Required reserve = $30,000

Excess reserve = Reserves - Required reserve

Excess reserve = $105,000 - $30,000

Excess reserve = $75,000

3 0

3 years ago

A buyer values a house at $525,000 and a seller values the same house at $485,000. If sales tax is 8% and is levied on the selle

Katena32 [7]

Answer:

$523,800

Explanation:

Given parameters:

Cost price by buyer = $525000

Selling price by seller = $485000

Sales tax = 8%

Unknown:

The lowest selling price by the seller = ?

Solution:

To solve this business problem, we must understand that the price the seller would be will to part with will be his selling price and the percentage of sales tax incurred in the procurement.

This will be the minimum and least profitable estimated amount the seller is willing to sell at.

Lowest selling price = selling price by seller + amount of sales tax incurred

Sales tax amount = selling price x sales tax percentage

= $485000 x $\frac{8}{100}$

= $38800

Lowest selling price = $485000 + $38800 = $523,800

4 0

3 years ago