Revolving credit is open.
<span>Most credit cards are unsecured.
The answer should be OPEN AND UNSECURED
</span>
<span>A person using an unsecured credit card is not spending his own money right away whenever he uses the credit card. Instead, he is borrowing money from his/her bank; more like he/she takes out a loan whenever the card is used, which he is expected to pay back so as to maintain a trustworthy credit history.</span>
Answer:
differential revenue = $7
so correct option is a. $7
Explanation:
given data
Product A costs= $6
contribution margin = $3
Product B costs = $12
contribution margin = $4
to find out
differential revenue
solution
first we get here selling price for product A and B
selling price for product A = Product A costs + contribution margin
selling price for product A = $6 +$3
selling price for product A = $9
and
selling price for product B = Product A costs + contribution margin
selling price for product B = $12 + $4
selling price for product B = $16
so
differential revenue will be
differential revenue = selling price for product B - selling price for product A
differential revenue = $16 - $9
differential revenue = $7
so correct option is a. $7
Answer:
C. prices for some goods change every year.
Explanation:
The reason why the real GDP (GDP adjusted to inflation) is a much better economic index than nominal GDP is that prices change over time, even if the quantities produced do not. It is actually possible for nominal GDP to increase even if total production output decreases due solely to high inflation rates.
Answer:
C. A security's beta measures its non-diversifiable, or market, risk relative to that of an average stock.
Answer:
Implied agency
Explanation:
Agency
This is simply known as a form of
relationship between two parties in that the principal hires another person to represent him or her.
An agency relationship can be created with 2 types of agreements between the parties. They are
1. Express agency
2. Implied agency
Express agency
This is simply known as a formal contractural agreement. It can be in an oral or written format.
Implied agency
This is often regarded as an implied agreement. It is an agency which is created through the actions of the parties, instead of an express agreement. It is also called Ostensible agency.
Listing Agreement
This is simply defined as written employment contract which gives right to the broker to find a buyer or a tenant for the owner's property.
