The goal of any credit card holder should be to C.) AVOID EXCESSIVE CREDIT CARD DEBT.
Credit cards are used for the purpose of convenience. Instead of bringing cash to pay for purchases, credit cards are swiped as payment for said purchases. These cards are short-term loans. Its balance should be paid before due date to avoid paying for interest. Its use should not be abused.
Answer:
$524,000
Explanation:
Gross profit = revenue - costs of goods sold
For the Intramural Sports Club, revenue = $892,000.
Finding the cost of goods sold COGS
Inventory turnover = COGS/ average inventory
inventory turnover=4.6
Average inventory = beginning plus closing inventory /2
in this case, average inventory =$160,000/2
=$80,000
Therefor, 4.6 = COGS/ $80,000
COGS = $80,000 x 4.6
COGS =$368,000
Gross profits= $892,000- $368,000
Gross profit =$524,000
To resolve a problem or select between multiple options
The correct option is, (d) smaller, greater.
- The LM curve is steeper the smaller the interest sensitivity of money demand and the greater the effect of income on money demand.
<h3>What does a steeper LM curve mean?</h3>
- The LM curve will be steeper if the income-elasticity of the demand for money is higher and the interest-elasticity is lower.
- The LM curve is virtually vertical when the demand for money is generally indifferent to the interest rate.
<h3>What causes the LM curve to shift?</h3>
- The LM curve shifts right as a result of monetary stimulation, or boosting the money supply, leading to higher output and lower interest rates.
- The IS curve is shifted to the right by fiscal stimulus, or boosting government spending and/or lowering taxes, which raises interest rates while driving up output.
<h3>What is income sensitivity of money demand?</h3>
- The greater the interest rate, as the minus sign suggests, the more likely people are to invest their money rather than have it available for consumption.
- The income sensitivity of real money demand and the interest sensitivity of real money demand are the two variables that are regulated by sensitivity coefficients.
Learn more about LM curve here:
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Steganography is used to hide data within data. It can be used to hide data using an encryption technique.
