presented are the income statements of rira and tir na nog distillery companies for the current year: rira tir na nog net sales revenue $487,000 100.00% $500,000 100.00% cogs 400,300 82.20% 395,000 79.00% gross profit 86,700 17.80% 105,000 21.00% selling/general expenses 20,200 4.15% 50,000 10.00% income from operations 66,500 13.66% 55,000 11.00% income tax expense 17,100 3.51% 16,500 3.30% net income $49,400 10.14% $38,500 7.70% which company has the better relationship between gross profit and net sales revenue?
Answers
The company that has a better relationship between its gross profit and net sales revenue is Nanog Distilleries with a gross margin of 21%.
What is the gross margin?The gross margin is the ratio of the gross profit to the net sales revenue.
The gross margin is computed as the quotient resulting from the division of the gross profit by the net sales.
The result is expressed as a percentage by multiplying by 100.
Riratir Nanog
Net sales revenue $487,000 100.00% $500,000 100.00%
COGS 400,300 82.20% 395,000 79.00%
Gross profit 86,70 17.80% 105,000 21.00%
Selling/general expenses 20,200 4.15% 50,000 10.00%
Income from operations 66,500 13.66% 55,000 11.00%
Income tax expense 17,100 3.51% 16,500 3.30%
Net income $49,400 10.14% $38,500 7.70%
Thus, Nanog had a better relationship with its gross margin than with the net margin.
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Related Questions
A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
Answers
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
I need long paragraph defines a problem statement and technical and non technical challenges in online auction app project
thank you
Answers
The creation of an online auction app is a complex procedure that necessitates carefully taking into account both technological and non-technical difficulties.
In today's digital age, online auction programmes are growing more and more popular, giving people and businesses the chance to buy and sell goods and services through online bidding. However, there are several technical and non-technical difficulties in creating a trustworthy and efficient online auction platform. Assuring the security and dependability of the programme itself is one of the key technological issues encountered in the development of online auction apps. To safeguard user data and thwart hacking efforts, this calls for the use of strong security mechanisms including encryption, firewalls, and secure data storage protocols.
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ABC Co. acquired equity securities on May 25, 2020. The acquisition did not result in significant influence over the investee company. The fair value of the investment at December 31, 2020 was $76,000 and $108,000 at December 31, 2021.The adjustment to the Fair Value Adjustment account at December 31, 2021 would be?
Answers
The fair value adjustment for the investment in equity securities acquired by ABC Co. on May 25, 2020 should be adjusted to $108,000 at December 31, 2021.
This adjustment recognizes the increase in the fair value of the securities since acquisition. The adjustment will be posted to the Fair Value Adjustment account and will have a credit balance. This credit represents the unrealized gain on the investment at December 31, 2021.
Fair value accounting is used when investments are acquired without significant influence over the investee company. Under fair value accounting, investments are adjusted to fair value each period, with the resulting gains or losses reported in the income statement. The adjustment to the fair value of an investment at the end of the reporting period represents any change in the fair value of the securities since the time of acquisition.
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The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on a daily basis. This demand for bread can be categorized as _____.
Answers
Considering the situation described above, this demand for bread can be categorized as a "static demand."
This is because a static demand is a type of demand that is not flexible at any given point.
Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.
Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a Static demand because it is stable throughout the year.
Hence, in this case, it is concluded that the correct answer is "Static Demand."
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What are the major provisions of the Equal Credit Opportunity Act? Respond in 3-4 sentences.
Also research what creditors look for? Explain in detail
Answers
Answer:
Explanation:
The major provisions of the Equal Credit Opportunity Act are that it is against the established law for any creditor to differentiate against any applicant, based on certain characteristics such as race, color, religion, national origin, sex, marital status, or age
It is also considered illegal for any creditors to ask questions such as "their marital status or if they have the intention to have children.
Also, the usual practice is to inform any applicants of the status of their credit application, whether it is granted or otherwise within 30 days of application.
Generally, creditors look for information that may suggest that the applicants can easily repay their loan or credit facilities. Such as your income level, and age.
Option 1: 1,811 square feet, 2-3 bedroom, 2 bath house that arrives in 4 modules. It includes the upgraded PEX piping and fiber cement siding that Xavier saw on the tour. The price for Option 1 would be $180 per square foot.
Option 2: 2,600 square feet, 3-4 bedroom, 3 bath house that arrives in 5 modules. It also includes the upgraded PEX piping and fiber cement siding. The price for Option 2 is $195 per square foot.
Sabrina also explains that Xavier must have certain things ready ahead of time, such as electric, sewer, and water systems, as well as a foundation in place. She gives him the name of a transport company that would oversee bringing Xavier’s modules to his house site. On your math sheet, complete the following problems that will help Xavier choose from the two options Sabrina has presented him:
Math Problem 3: Calculate the total price for Option 1
Use this formula to help you solve the problem:
Total Square Feet × Number of Square Foot=Total Price
Math Problem 4: Calculate the total price for Option 2
Use this formula to help you solve the problem:
Total Square Feet × Number of Square Foot=Total Price
Xavier contacts the transport company and is put in touch with one of the drivers, Kevin. Because the modules need to be connected quickly once they reach his build site, Xavier wants to know if he can have them all delivered on the same day. Kevin says that this would be possible using one truck per module. The fee for transporting each module is 20 cents per truck per mile, plus the cost of fuel. The factory is 350 miles from Xavier’s build site, and Kevin estimates that each truck will need $500 worth of gas.
On your math sheet, complete the following problem to help Xavier find out how much he will spend on transportation costs:
Math Problem 5: Calculate Xavier’s transportation cost to have the modules delivered on the same day
Use this formula to calculate Xavier’s cost:
[(.20 × miles)+500]× number of modules
Part 2: Job Board
Xavier is excited but knows this is a huge project. Help Xavier stay organized by creating a job board for him. A job board is like a bulletin board that holds important information about a big project. This way, he can see the important aspects of his job, along with his costs. To do this, you will be taking the answers to the math questions above and creating items that Xavier can hang on his job board to remind him of the choices he should make in this project. You may select to create your job board in poster form or digitally in a word processing document. Either way, the job board should include the following pieces of content:
A rough drawing of Xavier’s lot that includes the lot measurements provided above.
Make sure that you include the total area of the lot that you calculated in Math Problem 1 somewhere on this drawing.
A sketch of the prefabricated house option that you suggest Xavier purchases (either Option 1 or Option 2).
Make sure that you include his final price that you calculated in Math Problem 3 or 4.
Also, be sure to label the upgraded technology that was included in the option you chose so that Xavier can point it out to his building inspector when the time comes.
A graphic representation (photo, clip art, etc.) of a truck with the final transportation cost on it (this is the answer to Math Problem 5).
Answers
If the price is $180 per square foot, the price of the lot will be $3,240,000
How to find the price of the lotTo calculate Xavier cost, we need to first calculate the area of the lot (trapezium)
Area of the trapzium = 1/2(a+b)h
h is the height of the trapezium
a and b are the sides
Area of the trapezium = 1/2(175+185)*100
Area of the trapezium = 1/2(360)*100
Area of the trapezium = 18000 square foot.
If the price is $180 per square foot, the price of the lot will be 18000 * 180 = $3,240,000
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Kimberly is responsible, worthy of trust, and consistent in her performance at work. Her employers know that they can count on her. Kimberly demonstrates _____.
initiative
dependability
time management
conflict resolution
Answers
Answer:
dependability
Explanation:
When others can rely on you, it shows you are dependable. Dependability is a state where others trust a particular person will deliver. It is convincing others to have full confidence in you and your abilities.
Through previous actions, Kimberly has demonstrated that her employers can rely on her entirely. She has convinced her employers without any doubts that they can depend on her.
why would businesses seek to discourage government regulation through acts of corporate social responsibility?
Answers
Businesses may seek to discourage government regulation through acts of corporate social responsibility for a number of reasons. Firstly, government regulations often come with significant costs and can hinder the growth of a business.
By demonstrating their commitment to ethical and sustainable practices, businesses may be able to mitigate the need for further regulation. This can help to reduce their compliance costs and allow them to operate more freely.
Another reason businesses may seek to discourage government regulation is that they may believe that they are better equipped to address social and environmental issues than the government. By engaging in acts of corporate social responsibility, businesses can take proactive steps to address these issues and demonstrate their commitment to the community.
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Some of the disadvantages of ______ is that the firm risks giving control of its technology to its partner and the shared ownership can lead to conflicts for control.
Answers
Joint ventures has a disadvantage is that the firm risks giving control of its technology to its partner and the shared ownership can lead to conflicts for control.
What is meant by Joint ventures ?
A joint venture (JV) is a type of business agreement in which two or more parties concur to combine their resources in order to complete a certain task. New projects or any other business endeavors may be included in this duty.
In a JV, each partner is accountable for the venture's gains, losses, and expenses. Although distinct from the participants' other economic interests, the venture is nonetheless its own legal company.
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4.
MATH You plan to start a corporation. You have $67,500 in sav-
ings, but need $165,000 total to begin your business. How much
money will you need from investors? What will be your percent-
age of ownership? If you have four outside investors, how much
will each investor need to invest? What percentage will each
investor own?
Answers
Answer:
1. $97,500
2. 40.9%
3. $24,375
4. 14.77%
Explanation:
Given the following data;
Amount of money owned (Savings account) = $67,500
Total amount required = $165,000
To find the amount needed from investors to start the business;
Let the balance = X
\( Total = Savings + X\)
Substituting into the equation, we have;
\( 165,000 = 67,500 + X\)
\( X = 165,000 - 67500\)
X = $97,500
To find the percentage of ownership;
Percent ownership = savings/total * 100
Substituting the values into the equation;
\( Percent \; ownership = \frac {67500}{165000} * 100\)
\( Percent \; ownership = 0.409 * 100\)
Percent ownership = 40.9%
To find the amount to be invested by each of the four investors;
Investor = X/4
Substituting into the equation, we have
Investor = 97500/4
Investor = $24,375
Therefore, each of the investors will need to invest $24,375.
Percentage for each investor;
\( Percent = \frac {24375}{165000} * 100\)
Percent = 14.77%
Answer:
1. $97,500
2. 40.9%
3. $24,375
4. 14.77%
Explanation:
Given the following data;
Amount of money owned (Savings account) = $67,500
Total amount required = $165,000
To find the amount needed from investors to start the business;
Let the balance = X
Substituting into the equation, we have;
X = $97,500
To find the percentage of ownership;
Percent ownership = savings/total * 100
Substituting the values into the equation;
Percent ownership = 40.9%
To find the amount to be invested by each of the four investors;
Investor = X/4
Substituting into the equation, we have
Investor = 97500/4
Investor = $24,375
Therefore, each of the investors will need to invest $24,375.
Percentage for each investor;
Percent = 14.77%
Gib brainliest plz
HELPP on question 10
Answers
Answer:
land?
Explanation:
Answer:
Land
Explanation:
how suppliers and producers can also be consumers
Answers
Answer:
They can also be consumers because the product they sell may be a necesity such as food, or basic clothing.
Explanation:
Needs are basic things needed to live which is why a supplier or producers may be a consumer to their own product. Also consumption could also just be resurculation of what they got paid.
Answer:
As a producer, create an ad promoting an item you produced. As a consumer, create a list of goods and services you would get to throw your friend a birthday party. Explain how a consumer and producer rely on each other. You have been given the opportunity to produce an item to sell at a local flea market.
Explanation:
According to the fdic community banks have less than what in assets than most cases
Answers
According to the FDIC, community banks have less than $ 10 million in assets in most cases.
An asset refers to economic or financial bonds that can act as benefits and rewards in the future. A community bank refers to a banking institution that is locally owned and looked over. It is not an official banking system. The local community looks after the finance, transactions, and loans.
FDIC stands for Federal Deposit Insurance Corporation. It looks after the supply of insurance deposits and looks after the safety and security of the deposits. This institution works with two agencies- American depository institutions and the National Credit Union Administration.
According to the definitions created by FDIC, any bank containing less than $ 10 million in assets is known as a community bank.
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An investor does not wish to attempt to time the market, so she invests $300 each month into the GEMCO Growth Fund. Over the past 5 months, her purchase prices have been $10, $12, $15, $20, and $25. On the basis of this information, if she were to stop investing at this point and sell her shares 2 months from now when the NAV is $15 per share and the public offering price is $15.79, it would be CORRECT to state that her A) average cost per share was $16.40 B) proceeds were $15.79 per share C) cost basis for tax purposes was $14.71 D) realized loss would be $1.40 per share
Answers
Answer:
It would be 4(67)+ 56-
Explanation:
PLEASE do your best on these questions, it’s 75% of my grade
Answers
Answer:
C
Explanation:
Im pretty sure its C. Everyone has to sign a lease when renting something
FILL IN THE BLANK.under a _________________________ system, the money collected from workers in social security taxes each year goes to pay for people who receive benefits in that same year.
Answers
Under a pay-as-you-go system, the money collected from workers in social security taxes each year goes to pay for people who receive benefits in that same year.
Social Security taxes, also known as payroll taxes, are specific taxes imposed on individuals' earned income to fund the Social Security program. In the United States, social security taxes are collected under the Federal Insurance Contributions Act (FICA) and the Self-Employment Contributions Act (SECA).
For employees, social security taxes are automatically deducted from their wages or salary by their employers. The tax is typically calculated as a percentage of earned income, up to a certain limit known as the Social Security wage base.
Therefore, the correct answer is a pay-as-you-go system.
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To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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Cam some plz make the journal of it?
I will mark it as a brainliest
Answers
Answer:
Hey will you marry me? serious question
Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant server in the evenings and uses her days to pursue artistic projects. How do Gabrielle's economic decisions best relate to broad economic goals?
A) She increases her efficiency by focusing on one task.
B) She earns enough money to pay her bills.
C) She exercises freedom of economic choice.
D) She increases her security by engaging in multiple activities.
Answers
Answer: C. She exercises freedom of economic choice.
Explanation:
Freedom of choice is when economic agents such as individuals, the firm's and the government can allocate the resources as they want and are free to make a choice they want.
Freedom of choice represents allows individuals make their own decisions. In this scenario, Gabrielle's economic decisions best relate to broad economic goals by exercising the freedom of economic choice.
Answer:
C
Explanation:
She exercises freedom of economic choice.
(Related to Checkpoint 5.4) (Present value) What is the present value of $500 to be received 15 years from now discounted back to the present at 9 percent? The present value of $500 to be received 15
Answers
Present value refers to the current value of an amount of money or stream of cash flows that will be received in the future. It is essential to calculate the present value of a future amount to determine how much it is worth today, taking into account the time value of money and the expected rate of return on investment.
Therefore, to calculate the present value of $500 to be received 15 years from now, we need to use the present value formula as shown below:\(PV = FV / (1 + r)\)nWhere;PV = Present ValueFV
= Future Value (the amount to be received in the future)r
= the interest rate or discount rate (9 percent)n = the number of years before the future amount is receivedSubstituting the values into the formula, we get;\(PV = $500 / (1 + 0.09) 15PV = $500 / (1.09) 15PV = $500 / 5.654840173\)PV
= $88.49Therefore, the present value of $500 to be received 15 years from now discounted back to the present at 9 percent is $88.49.
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define finiancial institution
Answers
Answer:
A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.
Answer:
Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions:[1][2]
Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;
Contractual institutions – insurance companies and pension funds
Investment institutions – investment banks, underwriters, brokerage firms
when giving orders you should ensure they are simple clear and what other characteristic
Answers
When giving orders, you should ensure they are simple, clear, and concise. This means that the instructions you give should be easy to understand and not overly complicated. Additionally, your orders should be specific and leave no room for misinterpretation.
To expand on this, it's important to understand that clear communication is key when giving orders. The person receiving the orders should be able to understand exactly what is expected of them, without any confusion or ambiguity.
This means that your orders should be easy to follow and not overly complicated.
In addition to being simple and clear, your orders should also be concise. This means that you should avoid giving unnecessary details or information that could confuse or distract from the main objective.
The more concise and to the point your orders are, the easier it will be for the person receiving them to follow through on them.
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Time management is the ability to use one's time wisely to accomplish tasks and maintain organization.
Answers
It is completely correct to mention that time management is the ability to use one's time wisely to accomplish tasks and maintain organization of the activities being performed. Therefore, the statements given above are true.
What is the significance of time management?Time management can be referred to or considered as the technique of being able to perform and complete the tasks being assigned to an individual well within the time, thereby ensuring the accomplishment of organizational activities in an optimally effective manner.
Therefore, the significance regarding the time management has been aforementioned and the statement given above holds true.
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The question given above is to be interpreted as a TRUE/FALSE type question.
Financo. Suppose that $3,000 is invested at 5 9% annual interest rate, compounded monthly. How much money will be in the account in (A) 8 months? () 3 years? (A) Amount after 8 month: $(Round to the nearest cont.) (3) Amount after 3 years
Answers
To calculate the amount of money in the account after a certain period of time with monthly compounding, we can use the formula for compound interest \(A = P * (1 + r/n).(n*t)\) after 8 months, the account will have approximately $3,172.64, and after 3 years, it will have approximately $3,536.04.
Where: A = Final amount P = Principal amount (initial investment) r = Annual interest rate (in decimal form) n = Number of compounding periods per year t = Time in years
Given:
P = $3,000, r = 0.059 (5.9% expressed as a decimal), n = 12 (monthly compounding) (A) Amount after 8 months: t = 8/12 = 0.667 (since 8 months is two-thirds of a year)
Using the formula, we can calculate: A = $3,000 * (1 + 0.059/12).(12 * 0.667) A ≈ $3,172.64 Therefore, the amount in the account after 8 months will be approximately $3,172.64.
(A) Amount after 3 years: t = 3 Using the formula: A = $3,000 * (1 + 0.059/12). (12 * 3)A ≈ $3,536.04 Therefore, the amount in the account after 3 years will be approximately $3,536.04.
In summary, after 8 months, the account will have approximately $3,172.64, and after 3 years, it will have approximately $3,536.04.
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Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:
sales are budgeted at $270,000 for november, $250,000 for december, and $240,000 for january.
collections are expected to be 50% in the month of sale and 50% in the month following the sale.
the cost of goods sold is 75% of sales.
the company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase.
other monthly expenses to be paid in cash are $23,300.
monthly depreciation is $14,300.
ignore taxes.
Answers
Using the subtraction operator, the difference between cash receipt and cash disbursement for December would be $67,400
Cash Receipts for December :
$(440,000 × 0.45) + $($460,000 × 0.55)
$198000 + $253000
= $451,000
Cash Disbursement for December :
Purchases + Other monthly expenses
($460,000 × 0.80) + ($440,000 × 0.80 × 0.60) - ($460,000 × 0.80 × 0.60) + $25200
= $383,600
Difference = Cash receipt - Cash disbursement
Difference = $451,000 - $383,600
= $64,700
Hence, difference in receipt and disbursement on December is $64,700
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Explain two reasons why a government may run hospitals.
Answers
Explanation:
1) If a government decides to run a hospital, the
prices are likely to be less or free of cost.
2) the payments are made by the taxpayers.
3)A government will want to run a hospital because the economy might have many poor people and will want to reduce the death rate.
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Dentify the sentence type: places like taco bell provide affordable and convenient food for americans, but consumers need to be aware of the health consequences of eating too much fast food. simple compound complex compound-complex
Answers
Answer:
The correct answer is the option: Compound.
Explanation:
To begin with, the sentences that are compound are understood to be the ones who have at least two or more independent clauses that are joined together by a comma, semicolon or by a conjunction. Therefore that the sentence presented in the text corresponds to a compound sentence due to the fact that you can find two different clauses that are joined together by a comma and a coordinator in this case ("but") and when that happens that coordinator adds also flowness to the sentence.
Which type of promotion would you use to attract customers quickly with the help of coupons, samples, and free gifts?
(blank) is a way of promoting your products and attracting customers quickly with the help of free coupons, vouchers, samples, and gifts.
Answers
Answer:
Sales promotion
Explanation:
Sales promotions refer to the persuasive activities of convincing potential customers to buy a product. The objective of a sales promotion is to boost sales volumes. The tactics used in a sales promotion are designed to have a short term effect. However, a business may acquire long-term customers through sales promotion techniques.
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Answer:
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Explanation:
Of the following items, which one or ones describe items beneficial to your credit score? choose all that apply. low debt amount low debt amount short credit history length short credit history length multiple lines of credit multiple lines of credit payments are made on time
Answers
The statement that is beneficial to credit score is multiple lines of credit payments are made on time
What is Credit Score?In simply terms credit score is a record of history of how actively an inddividual services their debt or loan.
A positive credit score is advantageous in that financial institution are confident when given such a person loan
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Find the future value of an annuity with payments of $650 with 1.35% compounded semiannually for 3 years.
Answers
The future value of the annuity with payments of $650, compounded semiannually at 1.35% for 3 years, is approximately $20,903.46.
To calculate the future value, we can use the formula for the future value of an ordinary annuity: FV = P * [(1 + r/n)^(n*t) - 1] / (r/n), where FV is the future value, P is the payment amount, r is the interest rate, n is the number of compounding periods per year, and t is the number of years. plugging in the given values, we get FV = 650 * [(1 + 0.0135/2)^(2*3) - 1] / (0.0135/2) ≈ $20,903.46.
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