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larisa86 [58]
2 years ago
9

What Are Some Reasons To Have A Credit Card?

Business
1 answer:
andreev551 [17]2 years ago
3 0

Answer:

1 Boost your credit history and score

2 Internet purchases

3 Emergency money

4 Rewards

5 History of purchases

6 No fear of loss or theft

7 Interest free money

8 Merchant protection

9 Insurance on purchases

10 Convenient when traveling

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A local bank will pay you $275 at the end of each year for your lifetime if you deposit $4,400 in the bank today. If you plan to
Dima020 [189]

Answer:

Interest rate = 6..3%

Explanation:

<em>An investment that pays a fixed amount for life is called a perpetuity. The worth of a perpetuity today is the present value of the future cash flow. Using the present value of the perpetuity formula, we can work out the interest rate as follows:</em>

PV = A ×   1/r

<em>Where PV = present value, r- Interest rate , A- annual cash flow</em>

4,400 = 275×    1/r

cross multiply

4,400 ×  r= 275

divided both sides by 4,400

r = 275/4400

r= 0.0625  × 100

r= 6.25%

r= 6.3%

Interest rate = 6..3%

5 0
3 years ago
Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest ra
Mrrafil [7]

Answer:

The answer is $788.12

Explanation:

Price of the bond is what the issuer will pay for the bond

The payment is semiannual.

Number of years (N) - 20 periods (10 years x 2)

Yield-to-maturity(YTM) - 7%( 14% ÷ 2)

Present Value(price of bond) = ?

Future Value(FV) = $1,000

Payment Coupon(PMT) = $50[(10% x $1000) ÷ 2]

Using a Financial calculator, price of the bond on semiannual basis is

$788.12

3 0
3 years ago
Two voters, al and bill, are each choosing between one of three candidates—1, 2, and 3—who are running for city council. an expe
morpeh [17]
Part A:

The number of outcomes that each of them will have to choose anyone at random is calculated below.
    n = 3 x 3 = 9
This is because, Al will have 3 choices and similarly, Bill will also have three choices. These outcomes are as written below.
   S = (1,1), (1,2), (1,3), (2, 1), (2,2), (2, 3), (3, 1), (3, 2), and (3,3)

Part B: To make the same choice, there will only be three outcomes. These are:
  S = (1, 1), (2, 2) and (3, 3)

Part C: If neither of them will vote for 2, there will only be four outcomes. This is because each of them will only have two choices. These are:
 S = (1, 1), (1, 3), (3, 1), and (3,3)
3 0
2 years ago
When government is trying to raise tax revenue, it sometimes attempts to target higher-income people because they are in a bette
liubo4ka [24]

Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve

Explanation:

Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.

Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.

4 0
2 years ago
Assume the following data for Casper Company before its year-end adjustments:
Ratling [72]

Answer:

a. Journalize the adjusting entry for the estimated customer allowances.

  • Dr Sales returns and allowances 10,500
  •     Cr Customer refunds payable 10,500

The adjusting entry should = total sales x estimated percent of returns = $1,750,000 x 0.6% = $10,500

b. Journalize the adjusting entry for the estimated customer returns.

  • Dr Estimated returns inventory 8,000
  •     Cr Cost of merchandise sold 8,000

This amount is given in the question, $8,000, so you need to record it as a decrease in COGS and an increase in returns inventory.

5 0
3 years ago
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