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3 years ago

Why might it be important for consumers to understand their credit card agreements?

2 answers:

7 0

Every credit card has different interest rates. Consumers need to pay very close attention to how much they will actually be going in debt for.

allochka39001 [22]3 years ago

6 0

So they do not get scammed and loose all of their money

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A hardware store makes a profit of $30,000 during its first year. The store owner sets a goal of increasing profits by $4000 eac

MrMuchimi

Answer:

$294,000

Explanation:

Data provided in the question:

Profit during the first year = $30,000

Increase in profit each year = $4,000

Now,

Profit for the current year = Profit for the previous year + $4,000

Therefore,

Year Current year profit

1 $30,000

2 $34,000 [$30,000 + $4.000]

3 $38,000 [$34,000 + $4.000]

4 $42,000 [$38,000 + $4.000]

5 $46,000 [$42,000 + $4.000]

6 $50,000 [$46,000 + $4.000]

7 $54,000 [$50,000 + $4.000]

Hence,

The total profit during the first 7 years of business = ∑ (Current year profit)

= $30,000 + $34,000 + $38,000 + $42,000 + $46,000 + $50,000 + $54,000

= $294,000

4 0

3 years ago

Individual profit earned by Dave, the oligopolist, depends on which of the following? (i) The quantity of output that Dave produ

UkoKoshka [18]

The options are:

(i) The quantity of output that Dave produces (ii) The quantities of output that the other firms in the market produce (iii) The extent of collusion between Dave and the other firms in the marketa. (i) and (ii)b. (ii) and (iii)c. (iii) only d. All of the above

Answer:

d. All of the above

That is

(i) The quantity of output that Dave produces

(ii) The quantities of output that the other firms in the market produce

(iii) The extent of collusion between Dave and the other firms in the market.

Explanation:

An oligopoly is defined as an economy where there are small number of firms that cannot prevent others from having much impact in the market. These firms control the way are done with regards for price.and supply of goods and services.

So in this type of market the profit earned by Dave will depend on quantity of output produced by Dave, quantity of goods manufacturerd by other firms, and Dave's degree of collusion with other firms.

7 0

3 years ago

Read 2 more answers

The NFL Trust is responsible for which of the following activities? A. Ownership of all team logos and trademarks. B. Oversight

lana [24]

Answer:

The correct answer is the option D: All of these are correct.

Explanation:

On the one hand, a "trust" is known in the economics and business field as the partnership between two or more companies that produce in the same industry and therefore that the main objective of this new agreement among the partners is to increase the market area or to take more advantage by working together, increasing both parties revenues.

On the other hand, the NFL trust is known to dominate the market of the football league in all its aspects, including all the teams logos and trademarks as well as the organization of the league's properties rights and the distribution of revenue for those concepts.

4 0

3 years ago

Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $61 per bond and classified the investment as securities

Pavel [41]

Answer:

Explanation:

In this question ,we take the difference of the per bond value based on the year. The computation is shown below:

During 2015 to During 2017:

= Number of bonds purchased × (December 31, 2017 value - 2015 value)

= 10,000 × ($92 - $61)

= 10,000 × $31

= $310,000

During 2018:

= Number of bonds purchased × (December 31, 2018 value - 2017 value)

= 10,000 × ($146- $92)

= 10,000 × $54

= $540,000

So, the total amount would be

= $310,000 + $540,000

= $850,000

This amount which reflect in the income statement as a realized gain

6 0

3 years ago

Describe five different types of bonds.

ASHA 777 [7]

Answer:

There are five main types of bonds: Treasury, savings, agency, municipal, and corporate. Each type of bond has its own sellers, purposes, buyers, and levels of risk vs. return. If you want to take advantage of bonds, you can also buy securities that are based on bonds, such as bond mutual funds.

Explanation:

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7 0

2 years ago