Answer:
To increase profit from interests by increasing duration of balance repayment.
Explanation:
The purpose of every business is to make profits and the reason why every credit card company includes a minimum payment is not just to make it easier to pay but by only making minimum payments, credit card holders could be kept as customers and paying interests on debt for longer.
Secondly, the more the periods the more likely you'll default on some of them and pay penalty fees which means additional income for the companies
<h2>DVD or Portable hard disk or Pen drive would be the right choice to share the video files.</h2>
Explanation:
Dear Sir,
I have an eye-catching content for our local news paper. The content is about "Football game event" scheduled today. I have taken photos and videos pertaining to the event and I am sharing it in the form of "hard drive". The best photos and videos which would be apt for the news paper are selected and shared through hard disk. I hope it would be good resource. Kindly accept.
Regards,
(Name)
Evaluating options or pointers:
Photo / video should be neat and not shaky. You can share photos through google drive too if the size is reasonable.
Photos / videos should have been captured in such a way that it attracts readers and project the significant of the event.
Storage options: Listed in the first line.
If Ballard company reported assets of $500 and liabilities of $200, Ballard's stockholders' equity equals <u>$300</u>.
Liability is a time period in accounting that is used to explain any type of monetary duty that a commercial enterprise has to pay at the cease of an accounting period to someone or a commercial enterprise. Liabilities are settled with the aid of shifting economic blessings which include cash, items, or services.
Liabilities are any money owed to your enterprise, whether or not it's financial institution loans, mortgages, unpaid bills, IOUs, or some other amount of money that you owe someone else. if you've promised to pay a person an amount of cash within the future and have not paid them but, that is a liability.
Learn more about Liabilities here: brainly.com/question/17090843
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Answer:
$7.2 million
Explanation:
For computing the amount paid for the goodwill, first we have to calculate the fair value of the net asset which is shown below:
The fair value of net asset = Fair value of Midwest's assets - fair value of Midwest's liabilities
= $14.3 million - $2.5 million
= $11.8 million
And, the acquisition price of the outstanding stock is $19 million
So, the goodwill would be
= $19 million - $11.8 million
= $7.2 million
