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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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Which completes the equation? O + A + Consideration (+_____) = K

RUDIKE [14]

Legal capacity.

A contract must have offer, acceptance, consideration, and the parties must be legally capable (able) to enter into a contract agreement.

5 0

3 years ago

Explain how abstraction allows for the creation of increasingly complex systems. reference top-down design strategy in your resp

Nesterboy [21]

Answer:
A general understanding that abstraction allows programmers to hide details By hiding details, programmers are able to work with complex systems in small pieces without having to pay attention to every detail at once An explanation of how top down design implements abstraction
Example:
Through the use of abstraction, a programmer is able to take one large idea, and break it down into smaller pieces. In the context of top-down design, this means that the programmer can create one function that is made up of a set of smaller sub functions. After determining the details of those sub functions, the programmer no longer needs to take into account how they work, knowing that they will work in when called. For example when drawing a snowflake, the programmer may use top down design to split it into separate branches. Each of those branches may have sub functions that determine the detail to be repeated. This allows programmers to develop complex systems while managing complexity at multiple levels of abstraction.
Which of the following is FALSE about event-driven programs?
A. Event-driven programs do not implement algorithms.
B. Some portions of an event-driven program may never execute while the program is running.
C. An event-driven program is written to respond to specified events by executing a block of code or function associated with the event.
D. The order in which an event-driven program will run cannot always be known ahead of time. E. Event-driven programs can be run multiple times with different outcomes, based on user interactions.

4 0

3 years ago

Continental Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and va

Katyanochek1 [597]

Answer:

$1.75 and $18,000,000

Explanation:

The computation of the fixed cost and the variable cost per gross ton mile by using high low method is shown below:

Variable cost per gross ton mile = (High transportation cost - low transportation cost) ÷ (High Gross-Ton Miles - low Gross-Ton Miles)

= ($40,312,500 - $22,375,000) ÷ (12,750,000 miles - 2,500,000 miles)

= $17,937,500 ÷ 10,250 ,000 miles

= $1.75

Now the fixed cost equal to

= High operating cost - (High gross ton miles × Variable cost per gross ton mile)

= $40,312,500 - (12,750,000 miles × $23)

= $40,312,500 - $22,312,500

= $18,000,000

We simply applied the above formula

4 0

4 years ago

n the 1950s, Ford and General Motors established a small car-producing industry in Australia and argued for a high tariff on c

Sauron [17]

Answer:

The correct answer would be option B, The infant industry argument.

Explanation:

Ford and General Motors established a small cal producing industry in Australia in 1950s and argued on a high tariffs on car imports. Until 2000 the tariff remained though the years and at 2000 it was 22.5 percent. So Ford and General Motor's argument was most likely the Infant industry argument. Infant industry argument is the series of arguments which states that a small industry should be nurtured just like infants until it reaches the pace that other industries have in the market at the moment. It means that the small new industry should be protected until they can attain similar scale of economies.

7 0

3 years ago

When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at ev

Vladimir [108]

When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is <u>rightward</u>.

<h3>What is production possibility frontier?</h3>

A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC). The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.

The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.

We can produce more as the economy expands and all other factors remain the same, hence this will cause a movement in the production possibilities curve to the right, or outward.

Learn more about opportunity cost on:

brainly.com/question/1549591

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5 0

2 years ago