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3 years ago

What are two examples of when credit, if used responsibly,can be positive

1 answer:

riadik2000 [5.3K]3 years ago

3 0

With credit, you can get a car, or anything that is expensive, if you have bad credit, it would be hard to get these things, with credit, you can also try things for free, people who have bad credit, are not trusted to return the items they try.

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As new firms enter a competitive price-searcher market, profits of existing firms Group of answer choices rise and product diver

spin [16.1K]

Answer:

decline and product diversity in the market increases.

Explanation:

Competitive price searcher markets are those that have little barriers of entry for new firms.

Also the new forms are able to engage in transactions that are profitable. That is they easily take a market share.

In this scenario it will result in greater diversity of products as many firms can now produce goods that will be profitable in the market.

Also it will lead to a decrease in profit of existing firms as the new firm gets some of the market share

6 0

3 years ago

On January 1, 2021, Hoosier Company purchased $940,000 of 10% bonds at face value. The bond market value was $985,000 on Decembe

qaws [65]

Answer:

Dr Bonds 940,000

Cr Cash 940,000

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & losses 45,000

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & Losses 45,000

Dr Investment in bonds 985,000

Cr Discount on bond investment 45,000

Cr Cash 940,000

Explanation:

Hoosier Company Journal entries

Dr Bonds 940,000

Cr Cash 940,000

Dr Fair Value adjustment 45,000

($985,000-$940,000)

Cr Net Unrealized holding gains & losses 45,000

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & Losses 45,000

Dr Investment in bonds 985,000

Cr Discount on bond investment 45,000

Cr Cash 940,000

8 0

3 years ago

"in a small european country, it is estimated that changing the level of capital from $8 million to $10 million will increase

lawyer [7]

I think it’s 12mill I think

6 0

3 years ago

More than 99% of all U.S. firms are classified as small businesses, and they employ about half of private workers. A small busin

V125BC [204]

Answer:

Explanation:

5 0

3 years ago

The reporting of financial conditions at the corporation so that can be evaluated. b. Legal protections for shareholders so that

gogolik [260]

Answer:

a) Financial Statements

b) Limited Liability

Explanation:

a) The reporting of financial conditions at the corporation so that it can be evaluated, is the aim of preparing <em>financial statements. </em>Financial statements<em> </em>are periodic reports prepared monthly or annually to show the financial health of a company. They are made up of the statement of profit or loss, statement of financial position, cash flow statements and statement of changes in equity.

b) Legal protections for shareholders so that they are not taken advantage of is the purpose of limiting the liability of shareholders. Limited liability relates to a shareholder's financial liability being limited to a fixed amount not exceeding his investment in the company or partnership. Nevertheless every shareholders is liable for his own actions personally.

6 0

3 years ago