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2 years ago

Why is credit an important part of the economy?

Business

2 answers:

Vinil7 [7]2 years ago

4 0

Answer:

A. It allows people and businesses to pay off expensive purchases

over time.

Explanation:

A credit facility is an arrangement where a buyer obtains goods or services and pays for them over a long time. Credit contrasts cash payment, where the buyer pays make full payment for a product when acquiring it.

Credit allows a business to acquire expensive items and assets. Should a business be in need of something that it cannot afford to pay on a cash basis, it can negotiate favorable credit terms with the seller. Payments for such an item are spread over an agreed period. The buyer pays through small and affordable installments until they clear the debt.

mote1985 [20]2 years ago

4 0

Answer: the correct answer is a

Explanation:

A P E X

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3 years ago

Consider the following information about an asset that is being review for impairment: Book value $ 700,000 Estimate future cash

erastovalidia [21]

Answer:

The amount of the impairment loss for this asset is <u>$110,000</u>

Explanation:

A assets is impaired when the fair market value of that assets lowers than the book value of the asset.

To calculate the impairment of an assets following formula is used

Impairent = Book value of Asset - fair market value of the asset

Placing values in the formula

Impairent = $700,000 - $590,000

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3 years ago

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Alexeev081 [22]

Answer:it is 10,000

Explanation:

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3 years ago

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What happens when a spelling checker does not have a suggestion for a misspelled word

pav-90 [236]

Answer:

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Explanation:

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2 years ago

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Why would american soybean producers care about the weather in south america? Is this distinction macro, micro, or a mixture of

dimulka [17.4K]

Answer: Macro

Explanation:

This is a macro distinction as the producers of soybean in America are concerned about the crop grown in South America as it will affect the overall price level of soybean in America. When the weather in South America is favorable and the crop produce is large, the supply curve for soybean will shift to the left driving down the overall price level of soybean in America.

Thus, because the concern here is about the overall produce and overall price level it is a macro distinction.

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3 years ago