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Stella [2.4K]
3 years ago
13

When items are bought on credit and paid for over a long period of time, the cost to the buyer is the same as if the items were

bought with cash. True or false ?
Business
2 answers:
nika2105 [10]3 years ago
7 0
False,<span>In order to keep your good </span>credit<span>, you must </span>pay<span> your bills on </span>time.
deff fn [24]3 years ago
3 0
The answer would be False. When using a credit card, there's interest fees if you don't pay on time. Compared to if you simply use cash, it's paid for right then and there.
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You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 15% APR, compounded
Bess [88]

Answer:

The lower rate is when you put it into your credit card.

Explanation:

Credit card: rate = (1 + 15%/12)^12 - 1

EAR = 16.08%

Parents loan = ( 1 + 8%)^2 - 1

EAR parents = 16.64%

Therefore, The lower rate is when you put it into your credit card.

8 0
4 years ago
It is very easy to find papers on the internet/web and use them as my own.
Julli [10]
That is true,however; they are not your own and you are doing yourself a disservice. Grades aren't everything.
8 0
3 years ago
Continuing the analysis of Ginnie's Gym Refreshment Bar:
Irina18 [472]

The bundle that is going to maximize profit is going to be Late

<h3>How to find the bundle that would maximize profit</h3>

we have the net profit from early to be 7 + 5 = 12

We have the net profit from late to 6 + 10 = 16

We can see that the value for late is greater at 16 compared to that of the early.

Hence we can say that late has the greatest profit.

Next we have to solve for the profit that is made. This is the net profit.

The solution is given as 16 - 12 = 4

<h3>What is profit maximization</h3>

This is the process where by businesses would try to get the best output possible from the given inputs that they would use in the business. It goal is to be able to maximize the returns that they would make.

Read more on profit maximization here:

brainly.com/question/13464288

#SPJ1

8 0
2 years ago
Longley Trucking is issuing a 20-year bond with a $2,000 face value tomorrow. The issue is to pay an 8% coupon rate, because tha
Katen [24]

Answer:

Longly will receive $1,817.43 from selling the bond.

Explanation:

As the coupon rate is 8%; we have annual coupon payment = 2,000 x 8% = $160.

The price of the bond Longly will receive is equal to the present value of 20 annual coupon payment plus the present value of $2,000 face value repayment in 20 years time; with the two streams of cash flow discounting at the market rate at the date of issuing 9%; which is calculated as:

[ ( 160/9%) x [ 1 - 1.09^(-20) ] ] + ( 2,000 / 1.09^20 ) = $1,817.43.

So, the answer is $1,817.43.

7 0
3 years ago
You are leading a brand awareness campaign for a car company, and you'd like to create buzz for your new model. which metrics do
astraxan [27]
The correct answer is: Impressions, reach, frequency

Source and explanation: https://goo.gl/6G1b99
8 0
3 years ago
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