Which is a positive reason for using a credit card to finance purchases?

1 answer:

8 0

The advantages are that you don't have to worry about carrying cash, you have a record of your spending, you can make purchases even if you don't actually have the money, some credit cards give you rewards, and most importantly you get to build your credit, provided you pay the bill on time.

You might be interested in

Comparing how many dollars it takes you to run your car each year to annual earnings on a job insteadof keeping track of costs i

stepan [7]

Answer:

Explanation:

Money has several functions, one of its principal function is using it as unit of account. By comparing the amount in dollars spent on running a car yearly to annual earnings instead of keeping track in terms of gasoline cost and quarts of oil shows that money has been used as a unit of account.

This means that the amount of gasoline gallons bought and quarts of oil has been essentially replaced by the cost of these purchases and hence avail is the power to use money as a unit of account

5 0

3 years ago

Jose has a limited Google Ads budget, and his ads aren’t showing as often as he wants. How might he improve results without spen

Basile [38]

Show me some things first

8 0

3 years ago

When the lender provides the borrower with an amount of funds that must be repaid to the lender at the maturity date, along with

xxMikexx [17]

Answer:

This is called a simple interest rate. When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate simple interest rate, the interest rate payment is divided by the loan amount.

Explanation:

This is called a simple interest rate. When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate simple interest rate, the interest rate payment is divided by the loan amount.

4 0

3 years ago

The spread is the difference between the bid and ask prices difference between the purchase and sale prices commission charged b

liubo4ka [24]

Answer:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Explanation:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Full service brokers perform a lot of services like providing investment advice and analyzing the market on behalf of the investor therefore commissions charged by full service broker is usually higher

6 0

3 years ago

Craftmaples, a chain of handicraft stores, was established with the purpose of preserving traditional handicrafts. The company's

Tomtit [17]

Answer: Company mission

Explanation: The company mission refers to the objectives mentioned in the mission statement of the organisation. It is a short statement which describes why the organisation exists and what are its goals. This statement also states the location of the organisation and other important factors like major customers.

In the given case, Craftmaples has the purpose of traditional handicrafts. Thus, all their operations and activities will move towards this one goal.

Hence from the above we can conclude that this case is an example of mission statement.

3 0

3 years ago