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3 years ago

What is a credit limit and what is it's purpose?

Business

1 answer:

Assoli18 [71]3 years ago

3 0

Answer:

What is a credit limit?

A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.

what is the purpose of a credit limit?

Credit limits determine how much you can spend using your credit cards and serve as a way for lenders to limit the risk of lending money. Having high credit limits can be a good thing, because it gives you the flexibility to spend money when you need to and it may help you maintain good credit scores.

Explanation:

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In a peom by lew gardner what is a window that describes that peom

AnnyKZ [126]

I dont know but yeah hope you find the answer

6 0

4 years ago

Determine the profit-maximizingLOADING... prices when a firm faces two markets where the inverse demand curves are Market A: p

Gala2k [10]

Answer:

Market A: $P_{A} = 20.00$

Market B: $P_{B} = 20.00$

Explanation:

Market A: $P_{A} = 80 - 2Q_{A}$ ........................ (1)

Market B: $P_{B} = 60 - 1Q_{B}$ ........................ (2)

MC = m = 20 ............................................... (3) for both markets

For Market A:

Profit maximizing price can be obtained when $P_{A} = m$

Therefore, we have:

$80 - 2Q_{A} = 20$

$80 - 20 = 2Q_{A}$

$60 = 2Q_{A}$

$Q_{A} = \frac{60}{2}$

$Q_{A} = 30$

Substituting 50 for $Q_{A}$ in equation (1), we have:

$P_{A} = 80 - 2(30)$

$P_{A} = 80 - 60$

$P_{A} = 20.00$

For Market B:

Profit maximizing price can be obtained when $P_{B} = m$

Therefore, we have:

$60 - 1Q_{B} = 20$

$60 - 20 = 1Q_{B}$

$40 = 1Q_{B}$

$Q_{B} = 40$

Substituting 80 for $Q_{B}$ in equation (2), we have:

$P_{B} = 60 - 1(40)$

$P_{B} = 20.00$

8 0

4 years ago

What is the correct strategy that Alejandra must use to deliver a negative message?

Serga [27]

Answer:

Apologize and come up with a new plan. Of course, you need to apologize, if you don't then that becomes a problem. (especially if they are a Karen.) After apologizing start to explain what you are going to do about it. For Example Refunds, Store Credit, Replacement, Etc. To start off. Then fix the problem. Also, tell them that you are going to do so and so to fix it. Like creating anew toy or whatnot. Hope this helps!

6 0

3 years ago

Amos Rubber company manufactures tires. They reported the following information from their operations last period: Cost of Direc

Hunter-Best [27]

Answer:

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

Explanation:

Units costs under variable costing include only the variable manufacturing costs.

<u>Manufacturing Costs - Variable Costing</u>

Direct Materials used in production: $35,000

Cost of Direct Labor wages: $40,000

Variable Manufacturing Overhead: $30,000

Total Costs $105,000

Unit Cost = $105,000/ 50,000

= $2.10

Units costs under absorption costing include both the variable manufacturing costs and fixed manufacturing costs.

<u>Manufacturing Costs - Absorption Costing</u>

Direct Materials used in production: $35,000

Cost of Direct Labor wages: $40,000

Variable Manufacturing Overhead: $30,000

Fixed Manufacturing Overhead: $75,000

Total Costs $180,000

Unit Cost = $180,000/ 50,000

= $3.60

Difference :

Unit Cost - Absorption Costing $3.60

Less Unit Cost - Variable Costing $2.10

Difference $1.50

Conclusion :

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

5 0

4 years ago

The following information pertains to the Flying Fig Corporation: Total Units for information given 5,000 Fixed Cost per Unit $

valentina_108 [34]

Answer:

Break-even point (dollars)= $1,000,000

Explanation:

Giving the following information:

Total Units for information given 5,000

Fixed Cost per Unit $100

Selling Price per Unit $500

Variable Costs per Unit $125

Target Operating Income $250,000

Break-even point (dollars)= (fixed costs+ profit)/ contribution margin ratio

Fixed costs= 5,000*100= 500,000

Break-even point (dollars)= (500,000 + 250,000)/ [(500 - 135)/500]= $1,000,000

6 0

3 years ago