All categories

3 years ago

Which of the following is a way to use credit responsibly?

Business

2 answers:

irinina [24]3 years ago

5 0

Understanding the account’s interest rate

Digiron [165]3 years ago

3 0

Answer:Understanding the account’s interest rate

Explanation:i took the test and got it right, plz mark brianliest!

You might be interested in

Assume cereal and milk are complements for most consumers. Use the slider to show what will happen to the demand for cereal if t

professor190 [17]

It will go up because the milk is cheaper and they will buy what goes with it because they are complements ( milk and cereal ) this leads people to buy what goes with it so more cereal will be bought

7 0

4 years ago

The Turquoise Oasis Spa places orders for cases of bath salts through a nearby wholesaler. To summarize several orders worth of

mina [271]

Answer:

grouping the data into bins

Explanation:

Grouping the data into bins-

It refers to the method of grouping the objects according to the classification, into different bins, is referred to as the method of grouping the data into bin.

From the given scenario of the question,

The Turquoise Oasis Spa, classify the orders into various bins, according to the cases 1 to 10 , 11 to 20... and so on, it helps to make the process faster and easy to perform.

Hence, the scenario of the question, is an example of grouping the data into bins.

3 0

3 years ago

Match the examples of the impact of the innovation of technology to their relevant sectors.

mezya [45]

Answer:

1. Communication.

2. Transportation.

3. Manufacturing.

4. Financial products.

Explanation:

Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental services, manufacturing, farming, transportation, telecommunications, etc.

Basically, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.

Some of the sectors that have been impacted greatly by technology includes;

1. Communication: electronic data transmission allows companies to re-order inventory immediately without human interaction. Through the use of interconnected network systems, companies can easily make order for products in real-time without human interaction.

2. Transportation: Delivery by drones allow companies to ship products without paying labor costs. Drones are automobile and usually do not need anyone to drive it like with other forms of transportation such as trains, ships, trucks, etc.

3. Manufacturing: New equipment allows a producer of windows to increase production by 25%. The introduction of a new equipment to a production line would significantly increase the level of output or productivity.

4. Financial products: Financial futures allow farmers to lock in prices of their crops. A financial future is a financial contract that obligates a buyer to buy a financial product or avails a seller an opportunity to sell his or her products at a specific price and future date.

3 0

3 years ago

Blue Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $156,000 to manuf

Sauron [17]

Answer:

See the journal entries below.

Lease receivable = $235,757.58

Explanation:

Before the journal entries are prepared, the present value of the annual rentals or lease receivable is first calculated using the formula for calculating the present value of an ordinary annuity due since the annual rentals is payable each December 31, beginning December 31, 2019 as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) * (1 + r) …………………………………. (1)

Where;

PV = Present value annual rentals or lease receivable = ?

P = Annual rentals = $52,800

r = Interest rate = 6%, or 0.06

n = number of years the lease agreement covered = 5

Substitute the values into equation (1), we have:

PV = $52,800 * ((1 - (1 / (1 + 0.06))^5) / 0.06) * (1 + 0.06)

PV = $235,757.58

The journal entries will now look as follows:

Date Account Tittle Debit ($) Credit ($)

31-Dec-19 Lease Receivable 235,757.58

Cost of Goods Sold 156,000.00

Sales Revenue 235,757.58

Inventory 156,000.00

(To record the lease.)

31-Dec-19 Cash 52,800.00

Lease Receivable 52,800.00

(To record the receipt of lease payment.)

7 0

3 years ago

Fill in the blanks to complete the passage about gains from trade. To have an absolute advantage means to be able to produce mor

malfutka [58]

Answer:

- absolute

- cost of raw materials

- exportation of goods

- impossible

Explanation:

To have an absolute advantage means to be able to produce more using the same resources. To have_absolute_______ advantage means to have a lower___production/resource cost____.Comparative advantage is the basis for_exportation of goods_____. It is__impossible______for one producer to have a comparative advantage for every good.

If a producer is producing more using the same resources, that means he has the benefit of obtaining the raw materials at a lower cost.

Comparative advantage is the basis for exportation of goods because producers or countries focus on exporting products that give them comparative advantage, so as to make foreign earnings.

It is impossible for one producer to have comparative advantage for every good.

4 0

3 years ago