All categories

3 years ago

Explain why it might be more advantageous to borrow money from a credit union than to use other sources of credit.

Business

1 answer:

german3 years ago

5 0

Answer:

Explanation:

Credit unions offer higher savings rates and lower interest rates on loans. This means that their members are better served and might be able to save a significant amount on car loans, student loans, and mortgages.

You might be interested in

In the balance of payments accounts, goods and financial assets that migrants bring to a country are included in the:_______.

vazorg [7]

In the balance of payments accounts, goods and financial assets that migrants bring to a country are included in the import and export of visible items and financial exchange respectively.

The balance of payments summarizes an economy's international economic dealings. These transactions consist of transfer payments as well as the export and import of products, services, and financial assets (like foreign aid).

In terms of international economics, a country's balance of payments is the difference between the total amount of money coming into the country over a specific time period and the total amount of money leaving the country for the rest of the world.

Learn more about balance of payments here

brainly.com/question/14762484

#SPJ4

5 0

2 years ago

NYC Marketing gave celebrities new, frayed caps with the logo for its sanitation department, which are available for sale online

dmitriy555 [2]

Answer: Buzz

Explanation:

Based on the information given in the question, the above marketing is an example of buzz marketing. Buzz marketing is using wore of mouth in such a way that it'll work in ones favour whereby people will eventually start sharing it on their own or start talking about that product.

Since NYC Marketing gave celebrities new, frayed caps with the logo for its sanitation department, this can motivate people to start buying the goods sold by the company.

6 0

3 years ago

Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol

gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars Debit Credit

Carol Capital Account $4,500

Ross Capital Account $4,500

Ronald Capital Account $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

4 0

3 years ago

When using the Euromarkets, companies ____.?

STALIN [3.7K]

When using the Euromarkets, companies pay less for the loans

8 0

3 years ago

Which (if any) of the following scenarios is the result of a natural monopoly? Instructions: You may select more than one answer

zheka24 [161]

Answer:

There is one train operator with service from Baltimore to Philadelphia

Explanation:

A natural monopoly occurs when there is high fixed or start-up costs of conducting a business in a specific industry meaning a sole producer provides the good efficiently.

3 0

4 years ago