One the concepts that economists believe in a classical economy are that "a change in money supply can affect GDP." To add up, a traditional economy mainly bases on original customs and traditions in their economic system, wherein among the common examples of these are rural farms.
Answer:
Owners Equity is $7,850
Net Working Capital is $910
Explanation:
Total Assets = Total Liabilities + Owners Equity
($2,350 + $11,100) = ($1,440 + $4,160) + Owners Equity
($13,450) = ($5,600) + Owners Equity
$13,450 - $5,600 = Owners Equity
$7,850 = Owners Equity
Net working capital is calculated as current assets - current liabilities
$2,350 - $1,440 = $910.
Answer:
info graphics
Explanation:
this are ways to present complex business ideas by visualizing data to capture the attention of the audience.
The amount of money that you still owe to the Credit card Company is called Credit card balance.
Credit card balance refers to the amount of money one has spent on their card and they haven’t paid back to the Credit card Company.
<h2>Further Explanation
</h2>
- A credit card is a card in which any payment made by the card holder using the card, then it means they have borrowed money from the Card Company to pay at a later date.
- In other words, unlike debit cards, credit cards allows customers to borrow money from the Credit Company or the card issuer for the purposes of making purchases up to a certain limit.
<h3>Credit card balance
</h3>
- Credit card balance is the money that has been spent by the card holder and have not been paid back to the card issuer. For instance, if an individual spends $ 550 to make purchases of items, and they have not paid back, then the credit card balance will be $550.
<h3>Terms Associated with Credit Cards
</h3><h3>Credit card limit </h3>
- Credit card limit refers to the maximum amount of money that the card holder is allowed to borrow on the card. The can holder, cannot make purchases exceeding the Credit card limit.
- If the Card limit is exceeded then the Card issuer charges an over-limit fee depending on the agreement between the card holder and the card issuer.
<h3>Credit card fee
</h3>
- Credit card fee is the annual fee that the card issuer or the card Company charges the card holder for the privilege of using the credit card. This fee may be also called participation fee or the membership fee.
<h3>Credit card interest </h3>
- Credit card interest may be referred to as the Annual percentage rate, which is the annual rate of interest that includes the fees and the costs incurred to get a loan.
Keywords: Credit card, Credit Card Company, Credit card limit, credit card holder.
<h2>Learn also about:
</h2>
- Debit card and its advantage: brainly.com/question/1006222
- Difference between Credit card and debit card: brainly.com/question/10163886
Level: High school
Subject: Business
Topic: Trade
Sub-topic: Modes of payment
If a person has a house worth $100,000, a mortgage of $90,000, savings of $5,000, a car valued at $10,000, a $7,000 car loan, an
Ludmilka [50]
Answer:
$15,000
Explanation:
A person's net worth is the difference between their total assets and total liabilities.
In this case,
<u>Assets are </u>
House $100,000
Savings $5,000
Car $10,000
<u>Total assets</u>= $115,000
<u>Liabilities</u>
mortgage of $90,000,
car loan $7,000
credit card debt $3,000
<u>Total liabilities</u>= $100,000
Net worth = Total assets - Total liabilities
=$115,000 - $100,000
=$15,000
