1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mars1129 [50]
2 years ago
9

A young college student was making a purchase at her local department store. The clerk suggested that she would get an additiona

l 15% off the purchase price if she would sign up for a store credit card. Which of the following statements discusses how a personal finance expert might view this incentive?
a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.
b. An expert would advise you that the more credit cards you hold, the better your credit rating will be with the three major credit rating companies. Actuaries average the opinions of each credit card company to determine your score.
c. A personal finance expert would encourage her to take the incentive, particularly if interest rates on the card remain below 20%.
d. A personal finance expert would advise a college student to always take this incentive seriously because it is like trade credit for businesses
Business
1 answer:
zloy xaker [14]2 years ago
4 0

Answer: a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.

Explanation:

Even though financial advice is usually tailormade for the individual, a financial expert would most likely give this advice to a student because students are indeed vulnerable to such tactics.

They would be more prone to spend more in the store as a result of the credit card and this will lead to them being unable to pay off balances which will then lead to them paying much more than the original price they would have paid.

You might be interested in
For which pairs of goods is the cross-price elasticity most likely to be positive? a. peanut butter and jelly b. bicycle frames
Levart [38]

Answer: d. Pen and pencils.

Explanation:

Cross-price elasticity measures the degree of responsiveness of the demand for a certain good towards the change in the price of a related good. Percentage is used to measure cross-price elasticity.

In case of two goods like pens and pencils, cross price elasticity is positive. That is, if the price of a pen increases, it will lead to an increase in the demand for pencils. The propertional change in price of pens give a positive relative change in the demand for pencils.

3 0
2 years ago
Read 2 more answers
High unemployment especially unemployment as the result of layoffs, CAN BE DEVASTATING FOR INDIVIDUALS AND BUSINESS.ALL OF THE F
Korolek [52]

High unemployment especially unemployment as the result of layoffs, can be devastating for individuals and business. All of the following are effects of high unemployment except for " a loose money supply policy<span> "</span>

>A high unemployment rate can impede a country from progressing in all aspects.

>Monetary policy is defined as the management of a nation's money supply by the government or central bank.It happens when the money supply is expanded and is easily accessible to citizens to encourage economic growth. 

<span>
Read more: http://www.businessdictionary.com/definition/loose-monetary-policy.html#ixzz48jU6jgpo</span>
3 0
3 years ago
Read 2 more answers
Shown below are selected data from the financial statements of the Supreme Company. (Dollar amounts are in millions, except for
Yuki888 [10]

Answer:

a. Gross profit rate =   Gross profit / sales

                              = <u> $710,000 * 100</u>

                                       $1,230,000

                              =  57.72%

b. <u>Supreme Operating Income </u>

Gross Profit                           $710,000

Operating expenses             <u>(440,000)</u>

Operating Profit                    <u> 270,000</u>

<u />

c. Return on Asset  =   Return/  Average Asset

                                =   <u>$390,000 * 100 </u>

                                       $4,000,000

                             =   9.75%

d. Return on equity  =   Return / Average equity

                                 =   <u>$390,000 * 100 </u>

                                        $2,400,000

                               =      16.25%

e. Price-earnings ratio  =  Market price per share / earnings per share

                                       =   $88/ $4  

                                       =  22

Explanation:

Computation of Gross profit

                                                $'000

Net Sales                                1,230

Cost of goods sold                 <u>(520)</u>

Gross Profit                              710  

3 0
3 years ago
The division of activities into unit-level, batch-level, product-sustaining level, and facility-level categories is commonly kno
ICE Princess25 [194]

Answer:

C) hierarchy.

Explanation:

A unit level cost is a cost incurred every time one unit is produced, e.g. a bottle.

A batch level cost is a cost related to a group or batch of units produced, e.g. a box containing 20 units.

A product sustaining level cost is a cost related to the activities undertaken to support an individual type of product, e.g. software updates.

A facility level cost is a cost incurred in order to maintain a productive facility working, e.g. lighting and cleaning costs.

7 0
2 years ago
Please Help. Career Explorations
earnstyle [38]
Ok so you need to explain what the commminuty needs like for example what people needs or you can search it up and look if there is lack anywhere and look up
7 0
2 years ago
Other questions:
  • President Chris Zane mentions that employees' performance is not evaluated every six months or every year as in many organizatio
    6·1 answer
  • Becky fenton has 65/130/75 automobile insurance coverage. if two other people are awarded $110,000 each for injuries in an auto
    7·1 answer
  • The true cost of borrowing and lending is best measured by
    8·1 answer
  • The inverse demand curve for a monopolist changes from P = 100 – 2Q to P = 120 – 2Q, while the marginal cost of production remai
    13·1 answer
  • Which of the following is a typical complaint of host-country competitors against foreign firms? Foreign firms burden the host-c
    10·1 answer
  • For a normal good, an increase in consumer income will cause the market demand for the product to:
    7·1 answer
  • The ledger is __________. options: a group of accounts that records data from business transactions a tool used to make sure tha
    6·1 answer
  • Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of Septembe
    10·1 answer
  • Currency $1,000 Checking Account Balances $2,000 Savings Account Balances $5,000 Small-Denomination Time Deposits $6,000 Non-Ins
    7·1 answer
  • Investigations of money laundering are routinely performed by such agencies as the Federal Bureau of Investigation (FBI), DEA, a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!