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LuckyWell [14K]
2 years ago
15

1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normaliza

tion of debt in the future?​
Business
1 answer:
Alexandra [31]2 years ago
8 0

Our culture has become accustomed to debt mainly because the capitalist system in which we find ourselves favors the management of loans for the acquisition of goods and services.

These, due to their cost, are difficult or impossible to access through cash payments without any type of installment or ease of payment.

Therefore, credit cards are ways of acquiring debt to finance certain consumption, which is why they have become a financial tool that is totally socially accepted.

Learn more in brainly.com/question/12299831

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Stacy will receive equal annual payments of $30,000 with her first payment received in 3 years from today and her last payment r
jok3333 [9.3K]

Answer:

$172,117.5529

Explanation:

In economics and finance, present value, also known as a present discounted value, is the value of an expected income stream determined as of the date of valuation.

Total years = 3 to 9 = 6years

Present value = future cash flow/(1+i)^n

Present value = $30,000 + $30,000/(1.072)^1 + $30,000/(1.072)^2 + $30,000/(1.072)^3 + $30,000/(1.072)^4 + $30,000/(1.072)^5 + $30,000/(1.072)^6

Present value = $172,117.5529

8 0
3 years ago
Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance
Anton [14]
<span>Given that Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance of the company, so she tells her broker to buy 100 more shares but to pay no more than $33 a share.

Suri just issued her broker a limit order.

</span><span>A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.</span>
3 0
3 years ago
charlotte is visiting brazil and is looking at souvenirs to purchase. she finds a jersey that costs 137 brazilian real. if the c
sdas [7]

Tt’s $25.23 because if you compare the price to money in USA, it will come up to that amount.

<h3>What is money?</h3>

Money is a good that is frequently used as a medium of economic exchange. It acts as the primary determinant of wealth and the means of expressing prices and values. By anonymously traveling from one person to another and from one nation to another, it allows trade as a kind of exchange.

Money is something that is frequently utilized in a specific nation or socioeconomic setting to buy goods and services and pay off debts. As a unit of account, a medium of exchange, and periodically as a baseline for postponed payments, money serves four main purposes.

To learn more about money visit:

brainly.com/question/22984856

#SPJ4

6 0
1 year ago
Units of production data for the two departments of PacificCable and Wire Company for November of the current fiscal year areas
svet-max [94.6K]

Answer:

Answer for the question;

Units of production data for the two departments of PacificCable and Wire Company for November of the current fiscal year areas follows:

Drawing Department Winding Department

Work in process, November 1 7,400 units, 45% completed 3,700 units, 65% completed

Completed and transferred to next

processing department during November 101,400 units 100,100 units

Work in process, November 30 5,600 units, 75% completed 5,000 units, 30% completed

a. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Drawing Department. If an amount is zero, enter in"0".

Drawing Department

Direct Materials and Conversion Equivalent Units ofProduction

ForNovember

Whole Units Direct Materials

Equivalent Units Conversion

Equivalent Units

Inventory in process, November 1

Started and completed in November

Transferred to Winding Department inNovember

Inventory in process, November 30

Total

b. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Winding Department. If an amount is zero, enter in"0".

Winding Department

Direct Materials and Conversion Equivalent Units ofProduction

ForNovember

Whole Units Direct Materials

Equivalent Units Conversion

Equivalent Units

Inventory in process, November 1

Started and completed in November

Transferred to finished goods inNovember

Inventory in process, November 30

Total

is given in the attachment.

Explanation:

3 0
3 years ago
Monty Inc. produces organic cranberry juice from cranberries it farmed. Unfortunately, it has been a bad year for cranberries be
Vesnalui [34]

Answer:

$3.10 per litre

Explanation:

Riverbed will agree to buy the additional cranberries for at most $3.10 per litre since this is their normal selling price. They can buy at this price and accept to not make profit since they are out to satisfy customers now and are not necessarily looking to make profit.

Therefore cost of purchase of extra cranberries would equal selling price at maximum

7 0
3 years ago
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