All categories

3 years ago

Explain why you have to pay late fees with a credit card, but not with a debit card?

2 answers:

5 0

Answer: you are barrowing money with a credit card but with a debit card it is coming strait out of your checking account.

Explanation:

MAXImum [283]3 years ago

3 0

Answer:

because a credit card you are taking loans from your bank company but with a debit card it's the money you're putting on the card

You might be interested in

Foreign saving is used for domestic investment when foreigners engage in

dmitriy555 [2]

Foreign saving is used for domestic investment when foreigners engage in either foreign direct investment or foreign portfolio investment.

To add, ‘Foreign savings’ and the ‘net external resources inflows’ are the two popular acronyms used for the current account deficit in the balance of payments.

8 0

3 years ago

Let's say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how man

sveta [45]

Answer:

$240,000

Explanation:

Selling price per pair of shoes $160 x 12,000 ...1,920,000

Cost (to you) per pair of shoes $80 x 12,000 .... $960,000

Sales commission per pair $10 x 12,000.......... $120,000

Salaries ..........................................................................$420,000

Rent................................................................................ $120,000,

Advertising..................................................................... $20,000,

Insurance .........................................................................$16,000,

Miscellaneous fixed costs ..........................................$24,000,

Profit ..............................................................................$240,000

6 0

3 years ago

Producer surplus in a perfectly competitive industry is the same thing as revenue. the difference between profit at the profit-m

Damm [24]

Answer:

the difference between revenue and variable cost

Explanation:

As we know that

Producer surplus is = Total Revenue - Total Variable Cost

So here we can see that the producer surplus would be the difference between the revenue & the variable cost in the industry i.e. perfectly competitive

Hence, the second last option is correct

And, the other options are wrong

6 0

3 years ago

BE6.10 (LO 4) Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest. How much must he

marin [14]

Answer:

$201,302

Explanation:

Calculation for How much must he invest today if the first withdrawal is at year-end

First step is to calculate (FVF-OAn,i) using financial calculation

R = 30,000

n = 10

i = 8%

(FVF-OAn,i)=(6.71008)

Now let calculate the amount to be Invested today using this formula

Investment today = R (FVF-OAn,i)

Let plug in the formula

Investment today= 30,000 (6.71008)

Investment today = $201,302

Therefore the amount he must invest today if the first withdrawal is at year-end is $201,302

3 0

2 years ago

U.S. startup, MotorShoes, sells athletic shoes with wheels and a small motor that can allow the wearer to reach speeds of up to

iogann1982 [59]

Answer:High purchasing power

Explanation:High purchasing power is the financial ability to buy products and services.

Purchasing power is the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you would be able to purchase.

The costs of goods and services are among the most important determinants of purchasing power. When the price level rises, purchasing power decreases, and when the price level falls, purchasing power increases, if all other factors are held equal.

3 0

3 years ago