Credit cards are usually based on a(n) ____ account system.
a. Installment
b. open charge
c. Revolving
d. a selective
Answers
Credit cards are usually based on a revolving account system. The answer is c. Revolving.
Credit cards are typically based on a revolving account system, where the cardholder can carry a balance from month to month and make minimum payments. The cardholder can also choose to pay off the balance in full, or make larger payments to reduce the balance more quickly.
This is in contrast to an installment account system, where the borrower receives a lump sum of money and repays it in equal installments over a set period of time.
An open charge account system requires the cardholder to pay the balance in full each month, while a selective account system only allows the cardholder to make purchases from specific merchants.
Revolving credit is a popular form of credit because it allows consumers to borrow money as needed and manage their cash flow more effectively. However, it can also lead to high levels of debt if not used responsibly. Hence, c. is the right answer.
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Related Questions
Question 10 of 20
Which of the following is something that would promote diversity in the
workplace?
A. Recruit from the most selective universities.
B. Promote competition between workers.
C. Enforce sexual harassment policies.
D. Hire only young, college-educated workers.
Answers
Answer:
B. Enforce (won't let me text this word) harassment policies.
I took the quiz.
Explanation:
"in preparing an investment policy statement, which of the following is most difficult to quantify?
A. Time horizon.
B. Ability to accept risk.
C. Willingness to accept risk"
Answers
"The most difficult factor to quantify when preparing an investment policy statement is willingness to accept risk." option C is correct.
A client's outsourced chief investment office, board members, investment committee, and investment managers are all named in an investment policy statement, which also includes a description of the client's financial goals and investment objectives.
You can use the money you invest to achieve your long-term financial objectives. It is likely that investing your money will bring you returns. An asset or item purchased with the intention of earning money or increasing in value is an investment.
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Enumerate the reasons why there is no universally accepted definition of the term entrepreneur.
Answers
Answer:
There is no universal definition of entrepreneurship because it is unique from person to person. ... However a person sees a business venture may or may not be exactly the same as to how somebody else sees it.
Explanation:
Your digital footprint includes information that others post about you online.
Answers
Answer:
is this true or false?
Explanation:
if it is, then true. if your name were to be searched it would pull up other stuff people online have mentioned about you.
Answer: the answer is false
Explanation:
i Got true wrong
What is the very least amount of interest you could be charged, if you are charged at all?
Answers
Answer:
Most work in a manner that as you process more in the month and cover the minimum amount, the less you pay until you cover the full cost. For example, if your monthly minimum is $10.
Following the subprime crisis, credit default swaps and mortgage backed securities became highly controversial instruments and their use declined precipitously. In recent years, that trend has reversed with the demand for these products increasing.
Initial Post: Based upon the textbook readings or using your professional experience:
1. Answer the following questions:
Is suspicion toward credit default swaps and mortgage backed securities warranted?
Answers
The expansion of credit default swaps insuring mortgage-backed securities backed by subprime crisis has been shown to have a positive impact on rising subprime mortgage defaults. The authors provide the first empirical study of this relationship in relation to defaults during the 2007/08 financial crisis.
It doesn't take long for people to start taking responsibility whenever something bad happens. It could be as simple as a bad deal or investment that no one thought would bomb.
Some companies are betting that their just-launched products won't take off, hurting their bottom line. But some events are so devastating that they affect the entire economy. This is what happened in the subprime mortgage market that led to the Great Recession.
When it came to the subprime crisis, there wasn't a single entity or individual to point the finger at. Instead, this mess was the collective creation of the world's central banks, homeowners, lenders, rating agencies, insurers, and investors. Read on to learn more about each player and their role in the crisis.
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In recent years, the financial assets in which life insurance companies invest the most funds are ______ followed by ______.
Answers
In recent years, the financial assets in which life insurance companies invest the most funds are bonds, followed by equities.
Bonds, specifically corporate and government bonds, have traditionally been a popular investment choice for life insurance companies. Bonds provide a steady stream of income through interest payments and are considered less risky compared to other investment options. Life insurance companies typically invest a significant portion of their funds in bonds to ensure stability and meet their long-term obligations.
Equities, or stocks, have also gained prominence as an investment choice for life insurance companies. While bonds provide stability, equities offer the potential for higher returns over the long term. Life insurance companies have gradually increased their allocation to equities to take advantage of market growth and generate higher investment returns. However, equity investments also come with higher risks and volatility compared to bonds.
Overall, the investment strategy of life insurance companies involves a balanced portfolio mix of bonds and equities to achieve both stability and growth in their financial assets.
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Jacob works part-time as a cashier at a drug store. His gross pay for the year
was $8,000. Based on his income level, the federal tax rate he'll need to pay is
10%. For his state taxes, Jacob will need to pay 5% and the FICA rate is
7.65%. What is Jacob's net pay for the year?
A. $1,812
B. $7,200
C. $6,188
D. $6,988
Answers
Answer:
Option C
Explanation:
Gross Salary of Jacob = $ 8000
Federal tax paid by him = 10% of $8000 = $800
State tax = 5% of $8000 = $400
FICA rate = 7.65% of $8000 = $612
Net Pay of Jacob = $ 8000 - $800 -$400-$612
= $6188
Hence, option C is correct
Workplace technology is relied upon by businesses to increase _____________.
Answers
Businesses rely on workplace technology to boost productivity and performance.
What is meant by productivity?Productivity, a metric of economic performance, contrasts the volume of goods and services produced (output) with the volume of inputs necessary to produce those goods and services.Output per worker or output per worker/hour are two typical ways to measure productivity. The quantity or cost of the finished goods each employee can create in a specific amount of time may be used as a productivity indicator for a manufacturing organisation. The efficiency of your staff, as determined by the quantity of goods or services they generate or offer in a given period of time, can be used to describe workplace productivity.To learn more about productivity, refer to:
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Which of the following statements
best describes retained earnings?
A Ownership shares possessed by owners
B. Profits not distributed to owners
C Dividends received by owners
Answers
The total amount of deductions from an employee’s gross pay is $83. 20. If the gross pay is $378. 18, what percent of their gross pay is being withheld? a. 21% b. 22% c. 23% d. 24% Please select the best answer from the choices provided A B C D.
Answers
Answer: 22% (B)
Explanation: To find the percentage that was deducted, you would first change all of the percentages to a decimal (move the decimal two places to the left). For example, 21% would be .21, 22% would be .22, etc. Then, multiply 378.18 by .21, .22, .23, and .24 until you find an answer that rounds to 83.20. 378.18 * .21 is $79.4178 so that cannot be the answer. However, 378.18 * .22 is 83.1996. Round that and you get 83.2. Therefore, the answer is B.
What demographic shift was inspired by industrialization?.
Answers
The demographic shift that was inspired by industrialization was the shift from rural to urban living.
Industrialization led to the growth of industries in urban areas, which attracted people from rural areas to move to cities in search of employment opportunities. The development of new technologies, such as the steam engine and mass production, increased productivity and created new jobs in factories and mills. This resulted in a significant increase in the urban population, which eventually led to the formation of large cities and urban areas.
The shift from rural to urban living brought about significant changes in society, including changes in the economy, social structure, and culture. The growth of urban areas led to the development of new forms of transportation, communication, and entertainment, which further transformed people's lives.
In conclusion, the demographic shift that was inspired by industrialization was the shift from rural to urban living. This shift brought about significant changes in society, including the growth of urban areas, changes in the economy, social structure, and culture.
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How is a cryptocurrency exchange different from a cryptocurrency wallet?
Answers
A cryptocurrency exchange is a platform that enables users to buy, sell, and trade various cryptocurrencies. It acts as an intermediary between buyers and sellers, facilitating transactions and maintaining the order book. Cryptocurrency exchanges typically charge fees for their services, which can vary depending on the exchange and the type of transaction.
On the other hand, a cryptocurrency wallet is a software application or a physical device that is used to store, send, and receive cryptocurrencies. A cryptocurrency wallet can store private keys, which are used to sign transactions and prove ownership of the cryptocurrencies stored in the wallet. Cryptocurrency wallets can be either hot (connected to the internet) or cold (offline), and they can have different levels of security features to protect the user's assets.
Those who manage the work on the front lines are most involved with what component of the planning process?.
Answers
Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year
What is more about planning process.Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.
A manufacturer developing a plan to increase sales by 30% is an example of operational planning.
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A team that relies heavily on interpersonal interactions to complete tasks is said to have a high degree of ______ among team members.
Answers
A team that relies heavily on interpersonal interactions to complete tasks is said to have a high degree of interdependence among team members.
What is interpersonal interaction?Interpersonal interaction is when two or more people share a reciprocal relationship. This is a broad term that can be used to describe how people cohabitate in the world together.
Interpersonal interactions include the way people talk to each other, as well as how they spend their time together. When people are watching a movie together, sharing a meal, or talking about their day, they are having an interpersonal interaction with one another.
Interpersonal interaction refers to the communication portion of the experience as well as the nonverbal cues that are displayed.
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If business planning predicts that your gross margins will be small, you would be best advised to:______
Answers
If a business predicts that its gross margins are going to be low they can try to increase sales and alternatively they can cut the other costs to have a positive net profit margin.
What is Gross Profit Margin?Gross Profit Margin is the percentage of the Gross Profit as compared to Revenue, Gross profit is calculated as the revenue deduct cost of goods sold.
The sales can be increased by excessive marketing of the product and the cost of admin, finance cost and other irrelevant costs can be cut down to have a positive net profit margin.
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by which distribution system is more than 90 percent of u.s. coal shipped? railroads trucks waterways pipelines none of these
Answers
Railroads distribution system is more than 90 percent of u.s. coal shipped.
Rail transport is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles are directionally guided by the tracks on which they run.
Where is coal shipped from in the US?Exports from Norfolk, which ships more coal abroad than any other U.S. port, increased 5.8% year over year and jumped 6.4% compared to the first quarter. The ports in Buffalo, N.Y., and Cleveland booked significant increases quarter over quarter, soaring 254.6% and 419.3%, respectively.
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plz help if ur good at taxes
Answers
Answer:
pay: 73,300
income tax: 73,300*0.37 = 27,121
EI: 73,300*0.0173=1,268.09
CPP: 2,590
Yearly Pay will be 73,300-27,121-1,268.09-2,590 = $42,320.91
Weekly pay (paycheck) = 42320.91/52 = $ 813.86
Explanation:
Determining a job's cognitive ability requirement is part of the task analysis process. true or false ?
Answers
True. As part of the task analysis process, determining a job's cognitive ability requirement involves identifying the mental processes and skills necessary to successfully perform the job tasks.
such as problem-solving, decision-making, and critical thinking. This information is then used to develop job performance standards and assess candidate qualifications. Task analysis is a process of breaking down a job or task into its component parts or steps in order to better understand the skills, knowledge, and abilities required to perform the task successfully. The process typically involves observing and documenting the tasks performed by workers, interviewing workers and supervisors, and examining any relevant documentation or procedures.
Cognitive ability requirements refer to the mental skills, knowledge, and abilities needed to successfully perform a job or task. This includes things like problem-solving, critical thinking, decision-making, and learning ability. Determining the cognitive ability requirements of a job is an important part of the task analysis process as it can help ensure that job candidates have the necessary mental abilities to perform the job successfully.
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a(n) is a sign that relates to a product by either conventional or agreed-on associations. question 11 options: a) schema b) icon c) symbol d) index
Answers
A c) symbol is a sign that relates to a product by either conventional or agreed-on associations.
What are symbols used for in advertising?The symbols express the graphic identity of a brand or product without the need for accompanying text.
Symbols allow communication to be optimized by reinforcing the relationship between the sign and its meaning. They are important tools to communicate the concept and personality of a brand. In addition, symbols are used as tools to strengthen marketing strategies. Symbols must be used correctly in the message so that it communicates the real objective to the consumer to obtain the desired results.
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Which pricing policy would be best suited for a company that specializes in one unique product? Explain.
Answers
Answer:
High-end pricing policy
Explanation:
A high-end pricing policy or premium pricing should be the best pricing strategy for a company that specializes in one unique product. The High-end pricing policy sets a high price for products. The objective is to create a perception that the product is of high quality.
Premium pricing gives higher-margins, which is good for business. The product is unique, so there is no competition. The business can take advantage of high -end pricing to make profits and deter other market entrants.
The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answers
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
Sylvia owns a large media firm. she organizes a lunch meeting to announce a minor change in the management hierarchy to her all employees. which type of communication has Sylvia used?
A. Interpersonal communication
B. departmental communication
C. interdepartmental communication
D. Company – wide communication
Answers
Answer:
D: Company:)
Explanation:
What is down payment with regarding to buying a house?
Answers
On december 31, 2008, Pico acquired $ 250,000 per value of the outstanding $1,000,000 bonds of its subsidiary, sico, in the market for $ 200,000, on the date, Sico had a $ 100,000 discount on its total liability. Which one of the following is the net amount of gain or loss that will be recognized by pico in its December 31, 2008, consolidated financial statements as a result of its intercompany bonds?
a. $150,000
b. $ 50,000
c. $25,000
d. $75,000
Answers
Answer:
Pico gain = $25,000
Explanation:
Given:
Total bonds of sico = $1,000,000
Pico acquired = $250,000
Total amount of premium = $200,000
Discount amount = $100,000
Find:
Pico gain or loss
Computation:
Share of Pico = $250,000 / $1,000,000
Share of Pico = 0.25
Gain in premium = $200,000 × 0.25
Gain in premium = $50,000
Loss in discount = $100,000 × 0.25
Loss in discount = $25,000
Net gain = $50,000 - $25,000
Net gain = $25,000
A relevant cost ______. Multiple select question. differs between alternatives is always an opportunity cost pertains to the future will not influence a decision
Answers
Answer:
pertains to the future
differs between alternatives
Explanation:
Relevant cost can be regarded as term in managerial accounting which gives details of incurred avoidable costs when there is a process of decision making in Businesses, with the Relevant cost process unnecessary data are eliminated. It should be noted that A relevant cost is pertains to the future and differs between alternatives
.
one main financial vehicle collateral requirements?
Answers
The collateral requirements for financial vehicles can vary depending on the type of vehicle and the regulations in the jurisdiction in which it operates.
However, one common financial vehicle that often requires collateral is a margin account.
A margin account is a type of investment account that allows an individual to borrow money from a broker to purchase securities. The securities held in the margin account serve as collateral for the loan. This means that if the value of the securities decreases, the broker may require the investor to deposit more collateral in order to meet the minimum margin requirement.
The minimum margin requirement is set by regulators and is typically a percentage of the total value of the securities in the margin account. The exact percentage can vary, but it is typically in the range of 30-50% of the total value.
It's important to note that margin accounts carry a high degree of risk, as an investor can lose more money than they have invested if the value of the securities in the margin account decreases. For this reason, margin accounts are not suitable for all investors and should be approached with caution.
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Which of the following are signs of a person being in credit distress?
A. Writing a check to make debt repayment
B. Making all debt repayments in full
C. Only making minimum payments on credit cards each month
D. Paying-off an automobile loan 12 months early
Answers
Only making minimum payments on credit cards each month.
What's a distressed borrower?A distressed borrower is a borrower who is unable to completely repay their debt on time, due to economic difficulties. A distressed borrower can be both someone or an enterprise whose profits fall because of unexpected circumstances.
What takes place in monetary distress?Monetary misery is a condition wherein an agency or man or woman can not generate sufficient revenues or profits, making it unable to fulfill or pay its monetary obligations. That is generally because of high fixed costs, a big diploma of illiquid property, or sales sensitive to financial downturns.
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recording the merchandise as inventory that was purchased fob destination and was still in transit would have no effect on the purchasing company's balance sheet.
Answers
When merchandise is purchased FOB (Free on Board) destination, it means that the ownership of the goods passes to the buyer once the goods reach the destination specified in the contract. In this case, if the merchandise is still in transit, it means that the buyer has not yet taken ownership of the goods.
Therefore, the buyer should not record the merchandise as inventory on their balance sheet until they have received and taken ownership of the goods.
If the merchandise is not yet in the buyer's possession, then it cannot be used or sold by the company, and therefore it does not have an effect on the company's balance sheet. The merchandise would only be recorded as inventory on the balance sheet once it has been received and is ready to be sold.
It is important to note that the terms of the FOB destination should be clearly stated in the purchase contract, as it determines the point at which the buyer takes ownership of the goods. Failure to properly record inventory could lead to inaccurate financial statements and potential legal issues.
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Kenneth films documentaries for a children’s learning channel. Kenneth’s career falls into what pathway of the Arts, AV Technology, and Communication cluster?
a. AV Technology and Film
b .Printing Technology
c. Journalism and Broadcasting
d. Performing Arts
It is C according to the test
Answers
Answer:
Answer is B.
Explanation:
Stomp me if im wrong
Answer:
Journalism and broadcast
Explanation:
i got 100% on the test