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
Zigmanuir [339]
2 years ago
14

What is a secured credit card and how does it work.

Business
1 answer:
nydimaria [60]2 years ago
8 0
A secured credit card is a card that requires a cash security deposit when you open the account. The deposit reduces the risk to the credit card issuer: If you don't pay your bill, the issuer can take the money from your deposit. That's why these cards are available to people with bad credit or no credit.
You might be interested in
Blogs and blogging tools are critical methods in accomplishing which segment of the 4e framework of social media marketing?
labwork [276]
The answer to this question is: Educate
In social media framework, educate refers to the ability to give additional in-depth knowledge about your field of business.
For example, you could use social media to promote your vegetarian products and educate the users on the dietary benefit that they could get by consuming more fruits and vegetables in the process.
5 0
3 years ago
Own price increases are associated with decreases in quantity demanded, ceteris paribus. These decreases in quantity demanded ar
andrew11 [14]

Answer:

Income effect

Explanation:

Own price increases are associated with decreases in quantity demanded, ceteris paribus. These decreases in quantity demanded are composed of two effects, the substitution effect and the<u> Income effect.</u>

We know as per the law of demand, price increases lead to decrease in the quantity demanded if factor remain constant.

Quantity demanded has effect of two other major factors:

  • Subtitution effect.
  • Income effect.

Subtitution effect: It is the price of subtitution goods & services also lead to increase and decrease of demand for any particular goods.

Example: Price of tea and coffee.

Income effect: It is the income of consumer that effect the demand of any goods & sevices, as with the increase in income of consumer, their demand for inferior goods decreases and demand for branded goods increases.

Example: Non branded clothes and branded clothes.

3 0
3 years ago
Gross profit equals the difference between sales revenue and cost of goods sold plus operating expenses. net income and operatin
juin [17]

Answer:

Gross profit equals the difference between sales revenue and cost of goods sold.

Explanation:

The gross profit is calculated by subtracting total cost of goods sold from total sales. Both the total sales and cost of goods sold are found on the income statement.

Gross profit = Sales revenue - cost of goods sold.

It is one of three profit metrics used in business statement reports

6 0
4 years ago
In the early 1980s, David Jimenez, a corporate finance manager, was faced with which of the following problems?
Anton [14]

Answer:

<u>a. High inflation rates</u>

Explanation:

Note that<em> a major role of a corporate finance manager </em>is to maximize the profits of a business by providing advice as to mergers as well as buying and selling financial products.

Therefore, according to reports David Jimenez in the early 1980s was faced with the problems of high inflation rates which meant a rise in the cost of production etc for companies or businesses under his care.

4 0
3 years ago
Assume there are 100 suppliers of widgets in the widget market. Half of these suppliers supply 35 widgets to the market each, a
Bess [88]

Answer:

Total widgets supplied in the market will be 4000

So option (d) will be correct answer

Explanation:

We have given total number of suppliers = 100

It is given that half of the suppliers supply 35 widgets

So 50 supplier supply 35 widgets each

So total number widgets supplied by 50 supplier = 50×35 = 1750

A quarter, that is 25 supplier supply 40 widgets

So widgets supplied by 25 supplier = 25×40 = 1000

And other quarter, that is 25 supplier supply 50 widgets each

So widgets supplied by 25 supplier = 25×50 = 1250

So total widgets supplied in the market will be = 1750+1000+1250 = 4000

So option (d) will be correct answer

5 0
3 years ago
Other questions:
  • When food lion grocery stores offer milk and eggs at all of its locations, it is providing customers with ____ utility.
    6·1 answer
  • Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on rea
    11·1 answer
  • Helen, age 17. wanted to buy a Harley-Davidson "Sportster" motorcycle. She did not have the funds to pay cash butpersuaded the d
    9·1 answer
  • When the percentage change in quantity demanded is numerically less than the percentage change in price, ceteris paribus, demand
    14·1 answer
  • Sam was called in to meet with his boss, Tricia. He was afraid he was going to be fired for the mistake he had made dealing with
    7·1 answer
  • Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th
    14·1 answer
  • Which domain requires annual security awareness training and employee background checks for sensitive positions to help mitigate
    7·1 answer
  • Jason just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $50,
    12·1 answer
  • Kara voluntarily quit her job as an insurance agent to return to school full time to earn an MBA degree. With degree in hand, sh
    7·1 answer
  • For products with a high degree of ______________________, in-store sampling (e.g., handing out tasting samples of new food item
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!