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nydimaria [60]
3 years ago
9

Read the scenario.

Business
2 answers:
Lorico [155]3 years ago
7 0

Answer:

Using credit will cost Bill more money overtime

Using credit may tempt Bill to but more than he can afford .

Explanation:

Buying in credit is an act of paying for purchased goods in a future date.This can be done through so many media but the most popular among them is the use of credit cards. The prices for credit sales mostly come with premium.

Buying in credit has so many disadvantages. Some of them are

Spending more on an item : By the time the charged interest are factored into the purchase price , the buyer ends up spending more.

Temptation to buy more : Buying on credit may tempt buyer to buy more than he budgeted on even needs considering the opportunity of buying to pay at a later date.

amm18123 years ago
3 0

Answer:

Using credit will cost Bill more money over time.

Using credit may tempt Bill to buy more than he can afford.

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In a deferral adjustment for revenues collected in advance that are now earned, ______. a) the liability recorded when cash was
frosja888 [35]

Answer:

a) the liability recorded when cash was received is decreased by the adjustment for the revenue being earned

Explanation:

When cash is received for revenue yet to be earned, it is called deferred revenue. The entries posted at this point is a Debit to Cash (an increase in cash balance) and a Credit to Deferred revenue (a liability account). When the revenue gets earned, it get recognized with a Debit to Deferred revenue (to reduce the liability as the obligation has been fulfilled resulting in revenue being earned) and a Credit to Revenue (P/L).

Hence, the right option is a) the liability recorded when cash was received is decreased by the adjustment for the revenue being earned.

8 0
3 years ago
Which best explains why producers choose to specialize? choose two answers. to increase competition to gain a comparative advant
Svetradugi [14.3K]

The reasons why producers choose to specialize are:

  1. to gain a comparative advantage
  2. to increase efficiency.

<h3>What is specialization?</h3>

Specialization is when a producer concentrates on the production of some particular goods and services.

Advantages of specialisation

  • It increases economies of scale
  • It increases the efficiency of the producer

To learn more about comparative advantage, please check: brainly.com/question/25139916

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6 0
2 years ago
Aggregation to qualify for a breakpoint is not available to: a a group of family members in the same household that aggregates i
kogti [31]

Aggregation to qualify for a breakpoint is not available to an investment club that purchases different mutual funds within the same fund family. This is further explained below.

<h3>What is the investment?</h3>

Generally, an item purchased or invested in with the purpose of increasing one's wealth and preserving one's financial resources from the hard-earned income or appreciation

In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.

Read more about investment

brainly.com/question/15105766

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5 0
2 years ago
You're been placed in charge of all promotion for a product that has common appeal in different cultures around the world. You'l
borishaifa [10]

Answer:

True

Explanation:

A product that has common appeal in different cultures around the world would indeed require engaging in promotion. Why? Because each culture may have unique consumer behaviors.

For example, a popular product like Coke that has common appeal in different cultures around the world often engages in promotion in order to still keep existing customers and to acquire new ones because of the presence of other competitors.

5 0
3 years ago
A sports team's owner is given a videotape of his star player physically striking his girlfriend in an elevator, causing her sev
mario62 [17]

Answer:

The answer is: John Akers would have probably fired the player and made the video public.

Explanation:

Akers firmly believed that ethics were fundamental to economic competitiveness. He argued that without ethical behavior, individuals, corporations and society as a whole couldn´t be economically competitive.

So in this case, he would have simply terminated the players contract without regarding any of the potential downsides for the team.

8 0
3 years ago
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