There are several consequences that you may face if you miss a monthly credit card payment, and here are some of them:
<span>1. You can be charged late payment fees.
2. You may face having the interest rate on your card raised to the penalty rate.
<span>3. Your late payment may be added to your credit history and can end up affecting your credit score.</span></span>
Answer:
See the attached for the answer and explanation
Explanation:
Petty cash fund is a fund that is set aside to pay for small expenses like stamps, transport, and others.
Find attached the full answer.
Answer:
C. the broad study of how to allocate limited resources to satisfy unlimited wants
Explanation:
Lionel Robbins defines economics as the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
Economics studies the economy as a whole. This indicates that economics is broad.
The needs of man are unlimited but the resources to satisfy this needs are scarce and limited.
I hope my answer helps you
Answer:
maximize profits.
Explanation:
Th economist assume that the goal of objective of the business is to maximize the profit and add value to their business and shareholders as well. The businesses use marginal benefit and marginal cost to measure the value of benefit. Business also has other objectives which support the profit maximization like cost minimization, customer satisfaction etc
Answer:
The answer is B. £0.7060/$
Explanation:
The forward exchange rate is the exchange rate at which a party is willing to exchange one currency for another at a future date when it enters into a forward contract with the other party
The formula for forward exchange rate = Spot rate x [(1 + foreign interest rate) / (1 + domestic interest rate) ]
Spot rate is 0.6993£/$
Foreign interest rate is 6%
Domestic interest rate is 5%
0.6993£/$ x (1 + 0.06/1 + 0.05)
0.6993£/$ x 1.06/1.05
= 0.7060
£0.7060/$