Suppose that oil (a depleteable resource) will be be consumed over two time periods. The demand for oil is given by: Qpt= 140-10Pt. The interest rate is 80% and there are only 100 units of oil in total. The marginal extraction cost of oil is $2. Determine the marginal user cost (lambda) in period 1 (the future) if 30 units of oil are consumed in period 0 (the present). (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)
Answers
The marginal user cost (lambda) in period 1 is approximately $5 when 30 units of oil are consumed in period 0.
The marginal user cost represents the opportunity cost of consuming one additional unit of a depletable resource, taking into account the interest rate and future scarcity. It can be calculated using the Hotelling's rule formula: lambda = Pt - MCt / (1+r).
Given that 30 units of oil are consumed in period 0, there are 100 - 30 = 70 units of oil remaining for period 1.
The marginal extraction cost (MC) is given as $2.
To determine the price (Pt) in period 0, we can substitute Qpt = 30 into the demand function:
30 = 140 - 10Pt
10Pt = 110
Pt = 11
The interest rate (r) is 80% or 0.8.
Now we can calculate the marginal user cost in period 1:
lambda = Pt - MCt / (1+r)
lambda = 11 - 2 / (1+0.8)
lambda = 9 / 1.8
lambda = 5
Therefore, the marginal user cost (lambda) in period 1 is approximately $5 when 30 units of oil are consumed in period 0.
LEARN MORE ABOUT marginal cost here: brainly.com/question/32097237
#SPJ11
Related Questions
what is the difference between principal balance and interest?
Answers
The principal is the money you initially committed to repaying. The cost of borrowing the principal is the interest. In most cases, any payments made toward an auto loan will be applied first to any owing fees (such as late fees).
Is interest determined by balance or principal?The principal, or the initial amount borrowed, is divided into equal monthly installments in a principal + interest loan, and the interest, or the fee for borrowing, is calculated each month based on the outstanding principal balance. This indicates that as the remaining principal decreases, so does the monthly interest payment.
Is there a balance of principal and interest?The principal balance is the total outstanding balance of the loan, including interest, despite the fact that the principal is the amount you borrowed initially.
To learn more about interest here:
https://brainly.com/question/21307064
#SPJ4
The principal is the sum of money you agreed to pay back at the beginning. Interest is what you pay for borrowing the money's principal. Most of the time, any payments made for a vehicle loan will be applied first to any fees that are owed.
Does the balance or the principal determine interest?In a loan with principal and interest, the principal, or the initial sum borrowed, is divided into equal monthly payments, and the interest, or the cost of borrowing, is determined each month based on the balance of the principal.
This shows that the monthly interest payment lowers in proportion to the amount of the remaining principal. Even though the principal is the amount you initially borrowed, the total amount still owed on the loan, including interest, is known as the principal balance.
To learn more about interest, visit:
https://brainly.com/question/27584159
#SPJ4
One of Josh’s coworkers pokes fun at Josh for his political views. Although Josh tries to ignore the comments, the situation has gotten worse—even becoming obvious to customers. What kind of situation is Josh in?
1.)Conflict
2.)Conflict Resolution
3.)Integrity Test
4.)Ethical Dilemma
Answers
Hugh has the choice between investing in a city of heflin bond at 6 percent or investing in a surething inc. Bond at 9 percent. Assuming that both bonds have the same nontax characteristics and that hugh has a 40 percent marginal tax rate, in which bond should he invest?.
Answers
Based on the Heflin City Bond return and the corporate bond return, Hugh should invest in the Heflin City Bond.
The decision to invest in a bond in this instance, should be driven by which bond has the better after tax return.
Surething Inc After tax return.= Return x ( 1 - tax rate)
= 9% x ( 1 - 40%)
= 5.4%
Heflin bonds are not taxed as they are municipal bonds. The bond with a higher after tax return is therefore the Heflin bond at 6%.
Find out more about municipal bonds at https://brainly.com/question/14116276.
When a sale is recorded on an Invoice, Quickbook records a:
Debit (increase) to cash
Credit (increase) to owners contribution
Debit (Increase) to accounts receivable
Credit (increase) to accounts payable.
To enter a sales transaction with payment to be received later:
From the navigation Bar, Select vendors
From the navigation bar, select expenses
From the Create (+) icon, select invoice
From the Gear Icon, Select sales transactions
When a customer pays cash at the time of sale, what do you record?
A sales receipt
An invoice
A purchase order
A thank you note
When a customer purchases products or services but does not pay at the point of sale, what do you record?
A sales receipt
An invoice
A purchase order
A reminder
We can update the customers list at which of the following two points?
Before entering transactions
While entering transactions
After entering transactions
Which of the following two are Customers and Sales transactions?
Invoice
Receive payment
Pay bills
Check
Types of products and services on the products and services list include which of the following?
Service
Batch
Inventory
All of the above
Which of the following products and service types track quantities?
Service items
Inventory items
Non-inventory items
None of the above
When preparing a sales receipt if we select deposit to undeposited funds, then we must:
Create a bank deposit to move the customer payment from undeposited funds to the checking account.
No further action is required
Create a second sales receipt depositing the amount to the checking account
Create a subsequent invoice depositing the amount to the checking account.
When preparing a sales receipt, if we select deposit to a checking account then we:
Create a bank deposit to move the customer payment from the checking account to the undeposited Funds account.
No further action is required
Create a second sales receipt depositing the amount to the checking account.
Create a subsequent invoice depositing the amount to the checking account.
Indicate the order in which the following onscreen customers and sales transaction forms typically should be prepared:
Invoice+ bank deposit+ receive payment
Invoice+ Sales receipt+ Bank deposit
Invoice+ receive payment+ bank deposit
None of the above
Which of the following reports provides information about which customers owe money to a business?
Profit & loss
Balance sheet
Statement of cash flows
Accounts receivable aging
Accounts receivable are:
Amounts totaling the net worth of a company.
Amounts paid to owners
Amounts that customers owe your business
Amounts owed to others and are future obligations.
Answers
The correct order for onscreen customers and sales transaction forms is Invoice, receive payment, and bank deposit. The Accounts Receivable Aging report provides information about which customers owe money to a business. Accounts receivable are amounts that customers owe your business.
When a sale is recorded on an Invoice, Quickbook records a Debit (increase) to accounts receivable and a Credit (increase) to sales. When a customer pays cash at the time of sale, you would record a sales receipt. When a customer purchases products or services but does not pay at the point of sale, you would record an invoice. The customer list can be updated at any point, including before, while, or after entering transactions. Invoice and receive payment are both Customer and Sales transactions. Types of products and services on the products and services list include Service, Batch, and Inventory. Inventory items track quantities. When preparing a sales receipt, if you select deposit to undeposited funds, you must create a bank deposit to move the customer payment from undeposited funds to the checking account. When preparing a sales receipt, if you select deposit to a checking account, you do not need to take any further action. The typical order for onscreen customers and sales transaction forms is an Invoice, Sales Receipt, or Bank deposit. The Accounts receivable aging report provides information about which customers owe money to a business. Accounts receivable are amounts that customers owe your business.
When a sale is recorded on an Invoice, QuickBooks records a Debit (Increase) to accounts receivable and a Credit (increase) to owners' contribution. To enter a sales transaction with payment to be received later, you should use the Create (+) icon and select Invoice. When a customer pays cash at the time of sale, you record a Sales Receipt. When a customer purchases products or services but does not pay at the point of sale, you record an Invoice.
You can update the customer list before entering transactions and while entering transactions. Invoice and Receive payment are Customer and Sales transactions. Types of products and services on the list include Service, Inventory, and Batch. Inventory items are the ones that track quantities.
When preparing a sales receipt and selecting deposit to undeposited funds, you must create a bank deposit to move the customer payment from undeposited funds to the checking account. When preparing a sales receipt and selecting deposit to a checking account, no further action is required.
Learn more about customers:
brainly.com/question/13472502
#SPJ11
what does it mean if the government runs out of money
Answers
Debt ceiling crisis!
we call it debt ceiling crisis
Wildhorse Co. shows the following balances in selected accounts of its adjusted trial balance. Supplies $25,600 Supplies Expense 4,800 Accounts Receivable 9,600 Dividends 17,600 Retained Earnings 56,000 Service Revenue 86,400 Salaries and Wages Expense 32,000 Utilities Expense 6,400 Rent Expense 14,400
Answers
Wildhorse Co. had a net income of $27,200 ($86,400 - $32,000 - $6,400 - $14,400) and paid $17,600 in dividends, resulting in an increase of $9,600 in retained earnings.
Based on the given information, Wildhorse Co. reported service revenue of $86,400. Deducting the expenses, such as salaries and wages ($32,000), utilities ($6,400), and rent ($14,400), their net income is calculated as $27,200 ($86,400 - $32,000 - $6,400 - $14,400). The company also paid dividends amounting to $17,600. To determine the change in retained earnings, we subtract the dividends from the net income. Therefore, Wildhorse Co. experienced an increase of $9,600 in retained earnings ($27,200 - $17,600). Retained earnings represent the portion of net income that is retained by the company instead of being distributed to shareholders as dividends.
learn more about net income here:
https://brainly.com/question/14639991
#SPJ11
A transfer of rights in a contract is called a(n).
O A. assignment
O B. delegation
O C. breach
O D. statute
Answers
Answer:
Either B or C; but i think its B
Explanation:
Answer: it’s A
Explanation:
commenter corrected the answer. I can also confirm it’s A, assignment.
When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D
Answers
Answer:A, Your personal information may be used in ways you do not want
Explanation:
If it is a unsafe site than there for your personal information can go places you do not want them to.
When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.
What does it mean when a website is unsafe?External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.
Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.
Learn more about the unsafe website, here:
https://brainly.com/question/27871014
#SPJ5
discuss the economic importance of the tertiary sector
Answers
Answer: sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. ... Thus, tertiary sector is certainly important for the development of other sectors in an economy.
Explanation:
Answer:
studying
Explanation:
good to study economics to know the national income and taxrs
Which of the following is not a way to finance your new business.
A. loans from family/friends
B.your own money
C.loan from a bank
D.sweat equity
Answers
Answer:
sweat equity
Explanation:
Hope this helps! Can I have the crown thingy
even though firms in competitive price-searcher markets do not produce at minimum atc, competitive price-searcher markets may still be consistent with economic efficiency because
Answers
Firms are known to be free to set price and also to face strong competitive pressure. Competitive price-searcher markets may still be consistent with economic efficiency because they provide consumers with a greater diversity of products.
Firms in competitive price-searcher markets that has a small entry obstacles often face a downward sloping demand curve. Competition often exists from existing firms and new rivals.
Firms that exist in a perfectly competitive market are known to be price takers due to the fact that once the market determines an equilibrium price for the product, firms need to accept the stated price.
For an individual to sell a product in a perfectly competitive market, one must just be happy with the price.
Learn more from
https://brainly.com/question/13961843
Which of the following is an example of telecommuting?
A. Setting up a conference call between two different companies
B. Working from home instead of at the company's main office
C. Scheduling a meeting in the middle of the day
D. Using a computer and slideshow during a meeting
Answers
B. Working from home instead of at the company's main office
Have a great day!
An example of is Working from home instead
Telecommuting is also known as Remote work
Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.
The reason why Organization allows telecommuting are:
Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.
Learn more about Telecommuting here
brainly.com/question/3594026
What is the monthly salary for each employee that is a supervisor? list first name, last name, and monthly salary. Label the answer column as monthly salary
Answers
The monthly salary for each employee that is a supervisor will depend on their individual employment contract.
First NameLast NameMonthly SalaryJohnSmith$2,500JaneDoe$2,800
To find the monthly salary for each employee that is a supervisor, we can use the following SQL query:
```sql
SELECT first_name, last_name, (salary/12) AS monthly_salary
FROM employees
WHERE job_title = 'Supervisor';
```
This query selects the first name, last name, and monthly salary (calculated by dividing the yearly salary by 12) for each employee that has the job title of 'Supervisor'. The `AS` keyword is used to label the calculated monthly salary column as 'monthly_salary'.
The result of this query will be a table with the first name, last name, and monthly salary for each employee that is a supervisor.
Learn more about query : https://brainly.com/question/25694408
#SPJ11
Which of the following types of utility enhances value by creating more useful or desirable products out of raw materials or separate parts?
Answers
Answer:
Form.
Explanation:
Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.
Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services.
Form is a type of utility that enhances value through the creation of more useful or desirable products from raw materials or separate parts, so as to meet the unending requirements or needs of the consumers. It refers to characteristics such as size, external dimensions, mass, visual appearance, and weight that uniquely distinguishes an assembly, component or part.
Your broker charges $0. 0029 per share per trade. The exchange charges $0. 0173 per share per trade for removing liquidity and credits $0. 0155 per share per trade for adding liquidity. The current best BID price for stock XYZ is $82. 89 per share, while the current best ASK price is $82. 90 per share. You post an order to buy XYZ at the current best ASK price, and your buy order is executed. Shortly after the best BID and ASK prices move lower (down) by one cent each. Immediately, you post an order to sell XYZ at the new best ASK price and wait. Shortly after, the best BID and ASK prices move higher (up) by one cent each. Your sell order is executed. What will be your net loss per share to buy and sell XYZ after considering the commissions and any exchange fees or credits? $0. 0172 O $0. 0176 $0. 0180 O $0. 0185 $0. 189
Answers
The net loss per share will be $82.92 - $82.87 = $0.05.
Each trade costs your broker $0.0029 per share. For each deal, the exchange deducts $0.0173 for losing liquidity and credits $0.0155 for increasing liquidity. For stock XYZ, the best BID price right now is $82. 89 per share, while the best ASK price right now is $82. 90 per share. You place a buy order for XYZ at the most recent best ASK price, and it is carried out.
The best BID and ASK prices then decrease (go down) by one cent apiece. You put an order to sell XYZ at the most recent best ASK price right away, then you wait. The best BID and ASK prices then increase (move up) by one cent apiece.
To buy one share of XYZ at the current best ASK price of $82.90, we need to pay $82.90 + $0.0173 (exchange fee for removing liquidity) + $0.0029 (broker commission) = $82.92.
To sell one share of XYZ at the new best ASK price of $82.89, we will receive $82.89 - $0.0155 (exchange credit for adding liquidity) - $0.0029 (broker commission) = $82.87.
Therefore, our net loss per share will be $82.92 - $82.87 = $0.05.
Learn more about net loss Visit: brainly.com/question/28390284
#SPJ4
What is the opportunity cost of studying for the test in order to get a good grade?
Answers
Answer:
the opportunity cost is the time spent studying and that money to spend on something else
The time spent studying and the money that could have been used for something else are the opportunity costs.
What is opportunity cost?According to microeconomic theory, an activity's opportunity cost is the value or gain that is forfeited in exchange for engaging in that activity as opposed to engaging in an alternative activity. More precisely, it means that by choosing one course of action (such as making an investment), you are forfeiting the chance to take an other course of action. The activity that yields the highest return among all others, net of opportunity costs, is the one that is considered to be the ideal activity.
The goal of opportunity cost is to ensure efficient use of limited resources as a depiction of the relationship between scarcity and choice. It takes into account all decision-related expenses, both explicit and implicit.
Learn more about opportunity costs, from:
brainly.com/question/13036997
#SPJ2
A company has 5,000 employees and is doing some analysis related to high healtheare costs. Over the past 6 years the company found that that the number of emplay who have been hospitalized each year is 325,151,205,159,273, and 207 respectively. What is the company's best estimate in percent for the "chance of loss" in the ne year? 3.8% 4,4% 5.295 6.3% None of the other answers are correct.
Answers
The company's best estimate in percent for the "chance of loss" in the next year cannot be determined solely based on the given information.
The data provided only includes the number of employees who have been hospitalized in the past 6 years, but it does not provide any specific information regarding the company's healthcare costs or the nature and severity of the hospitalizations. To calculate the "chance of loss" or estimate the probability of future healthcare costs, additional information is required, such as the company's healthcare expenditure, insurance coverage, employee health risk factors, and other relevant factors.
To make an accurate estimate of the "chance of loss" in the next year, the company would need to conduct a comprehensive analysis of its healthcare data, including factors like medical claims, expenses, and utilization rates. By considering various variables and employing statistical methods, the company can assess the likelihood of incurring healthcare costs and determine an appropriate estimate. Without further information, it is not possible to provide a specific percentage for the "chance of loss" in the next year based solely on the given data.
To learn more about Chance of loss, Click here: brainly.com/question/30001398
#SPJ11
fill the blank! consider a​ goodness-of-fit test with a computed value of ​chi-square27.385 and a critical value​13.388, the appropriate decision would be to​ __________.
Answers
Because the computed chi-square value (27.385) exceeds the crucial threshold (13.388), which shows that the observed data significantly deviates from the predicted distribution, it would be fair to reject the null hypothesis.
A statistical test known as the goodness-of-fit is used to examine if a collection of actual data matches a specific theoretical distribution. A chi-square statistic is computed throughout the test to compare the observed and predicted frequencies. If the calculated chi-square value is higher than the threshold value for a certain level of significance, the observed data significantly deviates from the predicted distribution. The null hypothesis should be rejected in this case because the estimated chi-square value of 27.385 is higher than the crucial value of 13.388, which is the threshold value. This suggests that additional variables could be at work as the observed data do not match the predicted distribution.
learn more about chi-square here:
https://brainly.com/question/14082240
#SPJ4
Kevin plans to save $19,100.00 per year until he retires. His first savings contribution to his retirement account is expected in 1 year from today. Kevin plans to retire in 7 years from today, immediately after making his last $19,100.00 contribution to his retirement account. He then plans to be retired for 7 years. Kevin expects to earn 6.00 percent per year in his retirement account, both before and during his retirement. If Kevin receives equal annual payments from his retirement account during his retirement with the first of these annual retirement payments received in 1 year after he retires and the last of these annual retirement payments received in 7 years after he retires, then how much can Kevin expect each of his annual retirement payments to be?
$23,570.94 (plus or minus $10)
$28,719.34 (plus or minus $10)
$23,456.15 (plus or minus $10)
$27,093.72 (plus or minus $10)
None of the above is within $10 of the correct answer
Answers
Kevin can expect each of his annual retirement payments to be approximately $23,570.94 (plus or minus $10).
Kevin plans to save $19,100 per year for 7 years, starting from 1 year from today. This will accumulate a total savings amount of $19,100 * 7 = $133,700 by the time he retires.
During his retirement, which will last for 7 years, Kevin expects to receive equal annual payments from his retirement account. These payments will be received starting from 1 year after he retires and ending 7 years after he retires.
To calculate the amount of each annual retirement payment, we can use the present value of an annuity formula. We need to find the present value of $133,700, with a discount rate of 6.00 percent, and a duration of 7 years.
Using the present value of an annuity formula, we find that the annual retirement payment is approximately $23,570.94 (plus or minus $10). This means that Kevin can expect to receive approximately $23,570.94 (plus or minus $10) per year during his retirement.
Therefore, the correct answer is $23,570.94 (plus or minus $10).
Learn more about annuity formula here:
brainly.com/question/32539109
#SPJ11
individual managers' beliefs and expectations are incorporated into the budgeting process using grass roots budgeting procedures. group startstrue or falsetrue, unselectedfalse, unselected
Answers
Individual managers' beliefs and expectations are incorporated into the budgeting process using grassroots budgeting processes - True
Grassroots budgeting is a bottom-up method of budgeting that entails getting input and feedback from specific managers and staff members across the board in an organization. This method enables the budgeting process to take into account the expectations and views of certain managers. Under this method, managers are asked to offer suggestions and criticism on the budgeting process.
Asking them to specify the objectives and priorities of their department or to offer an estimate of the expenses associated with particular projects or initiatives may be part of this. After compiling and analysing this data, a budget that more accurately reflects the demands and goals of the entire business is produced. Consequently, this system can aid in boosting support for and ownership of the budgeting process. Individual managers are more likely to be dedicated to the budget and work towards attaining the objectives when they believe that their contribution has been taken into consideration.
Read more about budgeting processes on:
https://brainly.com/question/24940564
#SPJ4
how much larger is the u.s. deficit compared to what the nonpartisan congressional budget office (cbo) predicted it would be under the tax cuts and jobs act (tcja)?
Answers
The U.S. deficit is larger than what the nonpartisan Congressional Budget Office (CBO) predicted it would be under the Tax Cuts and Jobs Act (TCJA). The CBO initially estimated that the TCJA would increase the deficit by $1.5 trillion over a decade.
However, recent reports indicate that the actual increase has been higher. Several factors have contributed to this discrepancy, including slower-than-expected economic growth, increased government spending, and lower-than-anticipated tax revenues. The TCJA aimed to stimulate economic growth by lowering corporate and individual tax rates. While it did provide a short-term boost to the economy, the long-term effects have not met the expectations set by the CBO. The lower tax revenues, combined with increased government spending, have contributed to the larger deficit.
the U.S. deficit has grown at a faster rate than what the CBO predicted under the Tax Cuts and Jobs Act. The reasons behind this larger deficit include slower economic growth, higher government spending, and lower tax revenues than anticipated by the CBO's initial projections.
to know about Congressional Budget Office visit:
https://brainly.com/question/813901
#SPJ11
If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answers
Answer:
The answer is D. Income statement
Explanation:
Answer:
D. income statement
Explanation:
i took the test
2. Christmas is six months away. Retailers must decide whether or not to
hire extra employees to work during the holiday season. Sales for the
retail industry are expected to mirror last year's figures (which were quite
good), but, due to poor sales at the beginning of the year, the number of
salespeople at Kat's Gift Store must be reduced by 20 percent.
what Type of Change?
Internal or External?
Increase or Decrease in Sales?
Answers
The type of change in this scenario is an internal change and The change in sales is a decrease.
The decision to reduce the number of salespeople at Kat's Gift Store is a decision made by the company itself, rather than an external factor such as changes in the market or economy. This decision was likely made due to poor sales at the beginning of the year, which may have resulted in a need to cut costs in order to maintain profitability.
The change in sales is a decrease, as the number of salespeople at Kat's Gift Store is being reduced by 20 percent. However, it is important to note that overall sales for the retail industry are expected to remain steady, meaning that this decrease in sales at Kat's Gift Store is likely specific to the company and its internal operations.
With Christmas being six months away, retailers must start planning for the holiday season now. While sales for the industry as a whole are expected to remain steady, individual companies may need to make internal changes in order to prepare for the busy holiday season.
This could include hiring extra employees or reducing staff, as in the case of Kat's Gift Store. Ultimately, these decisions will depend on each company's individual circumstances and sales performance.
For more such questions on sales visit:
https://brainly.com/question/29436143
#SPJ11
you are the ceo of internet provider commcore communications. it has come to your attention that a school district nearby your headquarters is underpreforming academically and has unmet needa. the district superintendent is seeking help from local companies. You have called a meeting of the board of directors to discuss a llan to addist the school. breifly describe your plan to help.
Answers
credit cards are question content area bottom part 1 a. not money under any circumstance. b. money but are not a large part of the money supply. c. money and are the largest part of the money supply. d. not money because they are not made of paper.
Answers
Option a: credit cards are question content area bottom part which do not money under any circumstance.
A credit card is a payment card issued/given to a user (cardholder) that allows/lets the cardholder to pay merchants for goods and services based on the cardholder's outstanding balance. The card issuer (usually a bank or credit union) offers a revolving account, giving the cardholder a line of credit that allows the cardholder to borrow money to pay merchants or as a cash advance. I have two credit card groups.
Personal credit cards and business credit cards. Most/majority of cards are made of plastic, but there are also metal cards (stainless steel, gold, palladium, titanium) and some gem-set metal cards.
Also, unlike debit cards, credit cards can be used like currency by the cardholder. Credit card alternatives include debit cards, mobile payments, digital wallets, cryptocurrencies, manual payments, bank transfers, and buy now pay later.
To learn more about credit card, here:
https://brainly.com/question/30940802
#SPJ4
For over 40 years, Golden Creamery has been mixing up fresh, gourmet ice cream for customers. The company originated in Dallas and now boasts stores in 35 states. The business has primarily expanded by selling franchises to qualified candidates. Golden Creamery executives realize that the firm's success depends upon the success of each franchise. In the past, each individual franchise owner determined the best method for screening applicants. However, as the firm grows, Golden Creamery executives want to standardize the hiring process by requiring all franchisees to use the same preemployment tests, Which of the following, if TRUE, supports the argument that Golden Creamery should require franchise owners to use the firm's preemployment tests?
A. Hourly employees at Golden Creamery stores typically remain with the company long enough to be promoted to management positions.
B. Golden Creamery uses a series of videos to train new hires as well as a mentoring program that has proven successful in the past.
C. Individuals interested in working at a Golden Creamery store can complete online applications on the firm's website
D. Annual turnover rates for hourly employees of Golden Creamery stores are three times the rate of comparable businesses.
Answers
Answer: D
Explanation: High turnover rates suggest that Golden Creamery has problems hiring the most appropriate employees, which supports the implementation of a testing program. If hourly workers remained at the firm for a long time, then that would suggest the firm's current hiring practices do not need to be modified.
Which problem would be best addressed by a business bank?
A. A college graduate needs to open a checking account with the
lowest fees available.
B. A corporation needs help with cash management for its large
staff.
C. A person with a poor credit history needs a short-term loan to pay
a medical bill.
D. A couple needs to get a mortgage loan to buy a home after
moving to a new city,
SUBMIT
Answers
Answer:
B. A corporation needs help with cash management for its large
staff.
Explanation:
Business banking can be defined as the financial services such as business loans, cash management, lines of credit, trade finance, savings and checking accounts, tax planning, and securities trading provided by a commercial bank to business entities, corporations or companies.
This ultimately implies that, a business bank is only focused on providing financial services to corporations rather than individuals.
Hence, the problem which would be best addressed by a business bank is, a corporation that needs help with cash management for its large
staff.
In a nutshell, a business bank is saddled with the responsibility of meeting the financial needs of corporations found in different sectors such as agriculture, engineering, medical, trade, oil and gas etc.
Answer: B
Explanation:
4. Find an example of a print or Internet ad that includes images and text, and then answer the following questions about it.
Describe the ad. (1-3 sentences. 1.0 points)
What do you think this ad's marketing message is? (1-5 sentences. 2.0 points) TIP: Does it use a specific desire or fear, or does it try to show how the product is a need or how it solves a problem?
Is the ad trying to get people to do something? If so, what is it trying to get people to do? If it isn't trying to get people to do something, what do you think the point of the ad is? (1-5 sentences. 2.0 points)
Do you think this ad is effective? Why or why not? (1-5 sentences. 2.0 points)
Answers
The ad image selected here advertises nom nom dog food products. The product is advertised to be high in quality.
The ads marketing message to the customer is simply to raise their interest on the product. they tell the customer that their product is basically the only dog food available. this is to say that their product is the only high quality product in the market.
The ad is trying to get people to buy their product. the purpose of the ad is to raise awareness to their product, and ultimately make sales.
The ad is effective because dog owners will normally want products that are not only suitable for their pets, but products which are of high quality.
What is advertisement?Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular.
Learn more on advertising here https://brainly.com/question/1658517
#SPJ1
By making small purchases and paying the ______________ amount each month, a potential borrower shows a lender how they use credit wisely.
entire
minimum payment
late fee
interest
Answers
Answer:
entire
Explanation:
Lenders will always check a borrower's credit history before advancing credit to them. The lenders' main interest is to assess the risk involved in extending credit to a customer. A borrower with a history of late payments and defaulting on loans is considered high- risk and unsuitable for credit facilities.
Lenders prefer clients who are quick in debt repayments. They consider them a low-risk customer and highly unlikely to default on loans. Such customers will always have a low debt-to-income ratio.
Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences
Answers
Answer: D. Math, literacy, natural sciences, and social sciences
Explanation:
General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.
Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.