1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Temka [501]
3 years ago
9

A temporary 0% APR is a good way to attract new credit card customers. This type of APR is known as:

Business
1 answer:
beks73 [17]3 years ago
8 0

Answer:

d) Introductory rate

Explanation:

APR, or annual percentage rate, is the interest rate applied when using a credit card. A credit card company may introduce offers to boost the uptake of credit cards.

One way to increase uptake is through the 0% APR introductory offer.  A temporal  0% APR  means no interest will be charged for the use of the credit card for a time as determined by the credit card company. To take advantage of this offer, a customer must pay the minimum payments due on the statement.

You might be interested in
The developing economies' share of the global gross domestic product (GDP) from 2003 to 2017 is shown in the following table.
shepuryov [24]
The quadratic function that best models the developing economies' share of the global GDP as a function of the number of years
3 0
4 years ago
g which is debt-free and finances only with equity from retained earnings. You were given the following information: rRF = 3.50%
Pachacha [2.7K]

Answer: 7.46%

Explanation:

The CAPITAL ASSET PRICING MODEL is a very useful tool for calculating a firm's Cost of Equity.

The Formula is,

Rc = Rrf + b(Rpm)

Where,

Rc is the Cost of Equity

Rpf is the Risk risk free rate

b is beta

Rpm is the risk premium

Plugging in the digits we have,

Rc = 0.0350 + 0.88(0.045)

= 0.0746

The firm's cost of equity from retained earnings based on the CAPM is therefore 7.46%

3 0
3 years ago
How does Amazon illustrate the sources of service sector growth?
aleksandrvk [35]

Answer:

The service sector grows because of the same reason that any other economy sector grows: the demand for it increases.

Explanation:

Demand increases because new services are created, or existing ones obtain more customers: a larger market share.

In the case of Amazon, the service it offers is deliveries, but Amazon took deliveries to its logical conclusion, becoming an online store that essentially sells everything, from books to car accessories, to fruits and vegetables.

Amazon has become a giant company because it exploited a existing market that had a lot of untapped potential, and customers at the same time responded by demanding even more of these services. In other words, Amazon and the customers formed a virtous cycle that feeds economic growth.

7 0
3 years ago
On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE
Alja [10]

Answer:

True

Explanation:

The correct answer is - True

Reason -

Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.

The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.

5 0
3 years ago
If you buy something on credit, you must pay back the amount you borrowed
tangare [24]
Yes this is true but you dont have to pay it back right after but it's best you pay it off before you buy something else so you dont go in debt
6 0
3 years ago
Read 2 more answers
Other questions:
  • For each item listed below, indicate the allocation terminology for the item. Use the following terms for your answer:
    13·1 answer
  • Which is least like the others<br> Bear, badger, elephant, hamster
    13·1 answer
  • Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
    13·1 answer
  • a data warehouse is a database of finely detailed customer and market information that needs to be sifted through for significan
    10·1 answer
  • Consider the market for cars. Which determinant of supply is affected by each of the following events? a. A steel tariff increas
    8·1 answer
  • 6090 - 4 in standard form
    13·2 answers
  • An actor is hired to appear in a series of commercials promoting a new laptop computer. The actor's last two movies, though, hav
    12·1 answer
  • Assume that the interest rate on borrowings in Argentina is 3 percent, but the interest rate on deposits in British banks is 9 p
    5·1 answer
  • What tax event must take place when a taxpayer receives a Form 1099-A?
    12·1 answer
  • Coronado Industries purchased equipment in 2019 at a cost of $912000. Two years later it became apparent to Coronado Industries
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!