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Elena L [17]
3 years ago
15

Annual Percentage Rate (APR), credit limit, and penalties

Business
1 answer:
Artyom0805 [142]3 years ago
3 0

Answer:

Choosing a credit card.

Explanation:

A credit card is a plastic rectangular card issued by financial institutions such as banks, that allows the cardholder to purchase goods or services from merchants on credit.

Credit cards offers it's users convenience to access a line of credit and thus, eliminates the need to carry cash (money) or check around.

The important criteria to consider when choosing a credit card are;

1. Annual Percentage Rate (APR).

2. Credit limit.

3. Penalties and fees.

4. Cash back.

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What is the simplified base for the function f(x) = 2(3/272x)?
madam [21]
The answer to this is C
7 0
3 years ago
A licensed _______________ must display his or her license conspicuously in the principal place of business at all times.
creativ13 [48]

Answer:

Broker

Explanation:

A licensed broker must dispaly his or her name boldly in their primary place of business at all times becasue it helps to identify a broker quickly as well as has gives confidence to customers to transact business with them.

Cheers.

3 0
3 years ago
Brandy’s Balloon Service currently sells 1,000 balloon bundles per month. The competition in the balloon industry continues to s
andreyandreev [35.5K]

Answer:

The answer is: 1,375 balloon bundles

Explanation:

We can calculate how many balloon bundles must be sold using the following formulas:

  • contribution margin per unit =  Selling price per unit – Variable cost per unit
  • Units = (Fixed costs + Target profit) / (contribution margin per unit)

Contribution margin per unit = $10 - $2 = $8

units = ($5,000 + $6,000) / $8 = $11,000 / $8 = 1,375 units

8 0
3 years ago
On April 1, 2019, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What
emmainna [20.7K]

Answer:

The insurance expense on the annual income statement for the year ended December 31, 2019 will be D. $337.50

Explanation:

The company paid the $1,350 premium on a three-year insurance policy.

The insurance expense per year = $1,350/3 = $450

From April 1, 2019 to December 31, 2019, the company had bought the insurance for 9 months.

The insurance expense on the annual income statement for the year ended December 31, 2019 = $450/12x9 = $337.5

6 0
2 years ago
On 1/29, General Electric bought supplies in the amount of $1,500. What account is debited and what account is credited in the r
alexdok [17]

Answer: Debit Supplies

Credit Cash

Credit Accounts payable.

Explanation:

The journal entry is an act of making records of the transactions in an organization which shows the debit and credit balances of the company.

Based on the information given, since General Electric bought supplies in the amount of $1,500, the journal entry will be:

Debit Supply $1500

Credit Cash / Accounts Payable $1500

4 0
2 years ago
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