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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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When a $10 check written on the first national bank of chicago is deposited in an account at citibank, then.

Fynjy0 [20]

Answer:

A. the liabilities of the First National Bank decrease by $10.

Explanation:

5 0

2 years ago

If Congress and the president want to keep real GDP at its potential level in 2021, they should use an expansionary fiscal poli

Nataly_w [17]

Answer:

a) increasing government spending or cutting taxes

Explanation:

Fiscal polices are polices enacted by the government to achieve certain macroeconomic objectives. There are two types of fiscal policies:

1. Expansionary fiscal policy: These are government policies which involves increasing government spending or cutting taxes. Decreasing taxes increases disposable income and increases consumption spending.

Increasing government spending increases money supply which increases consumption spending.

2. Contractionary fiscal policy: These are government policies which involves decreasing government spending or increasing taxes.

Monetary policy are policies enacted by the Central bank to achieve certain macroeconomic objectives.

I hope my answer helps you

4 0

3 years ago

Paul wrote a check to the dentist for $345.69. He’ll use the check register to record his transaction. What will be his new bala

Sauron [17]

The answer is A) $704.73

8 0

3 years ago

Read 2 more answers

The additional unit of happiness that you receive from a decision is called the _____

Amanda [17]

The additional unit of happiness that you receive from a decision is called the utility. Utility<span> is a term used by economists to describe the </span>measurement<span> of "useful-ness" that a consumer obtains from any good. Hope this answers the question. Have a nice day.</span>

8 0

3 years ago

Read 2 more answers

Molteni Motors Inc. recently reported $3.5 million of net income. Its EBIT was $5.25 million, and its tax rate was 30%. What was

Hatshy [7]

Answer:

$250,000

Explanation:

The computation of the interest expense is shown below:

Given that

Net Income = $3,500,000

Tax rate = 30%

EBIT = $5,250,000

As we know that

EBT = EBIT - Interest Expense

So,

Interest expense = EBIT - EBT

where,

EBT = Net Income ÷ (1 -Taxes)

= $3,500,000 ÷ ( 1 - 30%)

= $5,000,000

And, the EBIT is $5,250,000

So, the interest expense is

= $5,250,000 - $5,000,000

= $250,000

We simply applied the above formula

7 0

3 years ago