Answer:
Credit card float is the difference in time between the date of purchase and date when the payment is due.
Credit card Float = 54 days
Explanation:
The purchase date is the 1st January but the has only reflected on the credit card on the 3rd but date of purchase remains the 1st.
This is exactly like in depreciation 'available for use date' and 'date of use'
available for use is used to calculate depreciation, so we start on the purchase date.
on the date when payment is due
we have 25th of Feb and the 23rd of Feb the date of payment
we take 23rd the date of payment
just like in assets if an asset has a useful life of 3 years and is sold in the two years the only depreciation or accumulated depreciation we reflect is for the years before it is sold.
Therefore the float period is between 1 jan and 23 feb = 54days
Answer:
<u>Social consequence entrepreneurship</u><u> </u>
Explanation:
A social consequence entrepreneurship refers to a kind of business which aims at profit making at the same time driven by the motive of creating a positive social impact.
These refer to those ventures created with an object of tackling and overcoming social issues and at the same time create a positive social change.
These could be both profit making or not for profit organizations, though the majority of them belong to the latter category.
In the given case, Sword and Plough hire army veterans to create products and donates ten percent of the profits it earns to veteran organizations. Thus, the company aims at making profits and at the same time serve and benefit a particular segment of customers. Thus, this is an example of Social consequence entrepreneurship.
The answer is A.<span>a savings account that offers an interest rate of 4.5%</span>
The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage. This statement is true.
<h3>What Is Arbitrage?</h3>
The arbitrage approach, used in foreign exchange trading, allows investors to lock in profits by simultaneously buying and selling the same security, good, or currency on two different marketplaces. By using this strategy, traders can profit from the disparities in pricing for the same asset across the two different regions that are represented on each side of the trade.
Arbitrage is the practice of purchasing an underpriced security and selling an equivalently-priced asset until the prices converge. Trading on illegal insider knowledge may result in abnormal profits even if the efficient market theory is accurate in a semi-strong sense.
To know more about Arbitrage, refer:
brainly.com/question/16178885
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