3 years ago

Why do retailers offer credit?

2 answers:

6 0

A consumer credit system allows consumers to borrow money or incur debt, and to defer repayment of that money over time. Having credit enables consumers to buy goods or assets without having to pay for them in cash at the time of purchase.

SpyIntel [72]3 years ago

4 0

Answer:

Iam sorry

Explanation:

I don't know the answer

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An expectation that people will help those who depend on them is known as the

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3 years ago

John manufactures household furniture. His start-up costs, including tools, plans, and advertising, total \$5000$5000dollar sign

scZoUnD [109]

Answer:

$5,000 + $350f

Explanation:

The computation of the production cost in dollars is shown

Here we use the equation form

The start up cost is $5,000

Labor, material cost $350

Now if he makes f pieces of furniture so, his production cost would be

= Startup cost + labor, material cost

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3 years ago

Another name for ectopic pregnancies is ________, because they often occur there.

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3 years ago

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance

Virty [35]

Answer:

Bank reconciliation:

Bank balance Augusts 31 $18,340

+ Deposits in transit $2,830

- Outstanding checks $3,520

Reconciled bank account $17,650

Cash balance reconciliation:

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3 years ago

If he wanted the cash award of each of the five prizes to be $45,000 and his estate could earn 7% per year, how much would he ne

Stels [109]

Answer:

The answer is $3,214,285.71

Explanation:

Price of each award is $45,000

And there are 5

Therefore, we have 5 x $45,000

=$225,000.

So, $225,000 is the future value.

Rate of return(r) in 7% and it is being assumed that it is forever.

So, so how much will be needed to fund his prizes(present value)?:

PV = FV/r

= $225,000/0.07

=$3,214,285.71

5 0

3 years ago

Why do retailers offer credit?​

Why do retailers offer credit?