the accountant for sparks electric failed to make an adjusting entry to record $3,000 of telephone expenses for the last two months of the year. which of the following statements is true? the total liabilities will be overstated. the total liabilities will be understated. the total assets will be overstated. the total assets will be understated.
Answers
The correct statement is "the total liabilities will be understated." When the accountant fails to make an adjusting entry to record $3,000 of telephone expenses for the last two months of the year.
It means that these expenses have not been recognized or included in the financial records. As a result, the expenses have not been deducted from the company's total liabilities.
Telephone expenses are typically considered as an operating expense, which reduces the company's net income and increases its liabilities (specifically accounts payable or accrued expenses). Since the telephone expenses were not recorded, the total liabilities will be understated because this amount was not included in the calculation of the company's obligations.
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Related Questions
Hillary and Stephanie have both borrowed $15,000 from the same bank to buy the same model of a new car. Hillary's credit score is 732 and
Stephanie's credit score is 588. Who is likely to pay a lower finance charge?
Stephanie
Hilary
They will pay the same because they used the same bank
They will pay the same because they bought the same car
Answers
Answer:
Call me at (470)343-8439
Explanation:
if the dollar to euro exchange rate moves from 1.1 to 0.9 dollars per euro, then the dollar has ________ and the euro has ________.
Answers
If the dollar to euro exchange rate moves from 1.1 to 0.9 dollars per euro, then the dollar has weakened and the euro has strengthened.
A weaker dollar means that it takes more dollars to buy one euro, while a stronger euro means that it can buy more dollars. This change in exchange rate can have significant impacts on international trade, investments, and tourism. A decrease in the value of the dollar relative to the euro could make U.S. exports more competitive, while also increasing the cost of imports from the eurozone. The opposite is true when the dollar strengthens relative to the euro. In this scenario, the dollar to euro exchange rate has shifted from 1.1 to 0.9 dollars per euro. When this occurs, it indicates that the dollar has depreciated or weakened in value compared to the euro. Conversely, the euro has appreciated or strengthened against the dollar. In summary, with the change in the euro exchange rate, the dollar has depreciated and the euro has appreciated.
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when a firm charges a fee for the right to purchase a product plus a per-unit charge for each unit purchased, what type of pricing strategy is the firm employing? multiple choice question. commodity bundling block pricing third-degree price discrimination two-part pricing
Answers
The firm is employing the pricing strategy known as two-part pricing. In this strategy, the firm charges a fee for the right to purchase a product, which is the first part, and then adds a per-unit charge for each unit purchased.
which is the second part. Two-part pricing allows the firm to capture both a fixed fee and additional revenue from each unit sold. This strategy is commonly used to increase profitability and maximize revenue by charging customers for the value they derive from the product.
By using two-part pricing, the firm can effectively segment its customers and charge different prices based on their willingness to pay.
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Which of the following are objectives of the promotion system? Select all that apply.
To maintain the needed strength in each grade and MOS,To ensure all eligible Marines receive an equitable opportunity to compete for promotion
Answers
To make sure all qualified Marines have an equal opportunity to fight for promotion, it is important to maintain the necessary strength in each grade and MOS are objectives of the promotion system.
What are the promotion system's goals?The goals of promotion campaigns typically include boosting sales, and enhancing brand awareness, or expanding market penetration. The budget allocated for advertising by the business typically determines the extent of a project.
The four components of promotion are what?Four additional the components that businesses use to achieve their marketing goals are included in the promotion mix. The components are advertising, personal selling, public relations, and sales promotion.
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What are the similarities and differences in the purchasing
functions at a for profit versus a not for profit organization?
Answers
Explanation:
I hope this answer is helpful ):
We suppose an economy defined by:
Y=10000 ; G = 2000 ; T = 1000 ;
r (real interest rate) = 3%;
C = 400 + 0.6 (Y-T) ;
Lo (factors that affect demand of moeny) = 5 ;
Ms (money supply) = 15000 ;
Mg (growth rate of money) = 10% ;
Yg (growth rate of Y) = 7%
question : If M increase by 3%, the P increase by ? ( the options I have are : 1.22%/1.23%/1.24%/1.25%)
Answers
Answer:
Explanation:
To find the percentage increase in P if M increases by 3%, we need to use the equation for the quantity theory of money, which is:
M * V = P * Y
Where M is the money supply, V is the velocity of money, P is the price level, and Y is the output of the economy.
If M increases by 3%, then the new value of M can be found by multiplying the old value of M by 1 + the percentage increase:
M' = M * (1 + 0.03) = 15000 * 1.03 = 15450
We can then solve for the new value of P by substituting the new values of M and Y into the equation:
P' = (M' * V) / Y = (15450 * V) / 10000 = 1.5450 * V
We can then find the percentage increase in P by taking the difference between the new value of P and the old value of P, and dividing by the old value of P:
Percentage increase in P = (P' - P) / P = (1.5450 * V - 1) / 1 = 0.5450 * V
So the percentage increase in P is 0.5450 * V.
Which cost of problem loans is caused by declining bank profits and declining dividend payments? Increased regulatory expenses Increased advertising expenses to generate new loans Lost bank investors Increased legal expenses
Answers
Increased regulatory expenses cost of problem loans is caused by declining bank profits and declining dividend payments. The phrase "all costs incurred directly or indirectly by regulators" is used to characterise the regulatory compliance cost.
A total of sixteen direct and two indirect regulatory cost types were found by Marneffe and Vereeck (2011). The direct costs loans are expenses incurred by society in developing and putting legislation into place. Regulatory risk is the possibility that a change in laws or regulations will have an impact on a security, business, or sector. Companies are required to follow by rules established by governmental bodies that regulate their sector. As a result, every change in legislation may have an industry-wide impact.
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Consider the following situations:
a. Bank reserves are $150, the public holds $200 in currency, and the desired reserve-deposit ratio is 0.2. Calculate deposits and the money supply.
Instructions: Enter your responses as integer values.
Deposits: $
Money supply: $
b. The money supply is $450 and currency held by the public equals bank reserves. The desired reserve-deposit ratio is 0.25. Calculate currency held by the public and bank reserves.
Instructions: Enter your responses as integer values.
Currency held by the public: $
Bank reserves: $
c. The money supply is $1100, of which $600 is currency held by the public. Bank reserves are $100. Calculate the desired reserve-deposit ratio.
Instructions: Enter your response rounded to two decimal places.
Desired reserve-deposit ratio:
Answers
Deposits are $1000; the money supply is $1200; the public holds $300 in currency; and the bank reserves are $150. The desired reserve-deposit ratio is 0.09 or 9%.
What is the ratio of Reserve deposits?
The percentage of total deposits that commercial banks hold as reserves is known as the reserve deposit ratio (rdr).
It is the proportion of a commercial bank's deposits that the central bank (in the US, the Federal Reserve) requires the bank to hold in cash as a reserve. The Federal Reserve may increase the reserve ratio to combat inflation and slow the economy down, or decrease it to boost the money supply in the economy and make borrowing more appealing to consumers.
Therefore, In fractional reserve banking, the reserve ratio is key to understanding how much credit money banks can make by lending out deposits.
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630-689
Fair
690-719
Good
300-629
Bad
720-850
Excellent
Which of the following is most likely true for a person with a credit score of 600?
A) That person will find it easy to get a loan
B) That person will find it difficult to get a loan
C) That person's loan will likely have high interest rates
D) That person will probably not have to make very high monthly payments
Answers
Answer:
b
Explanation:
our score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
Answers
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
how does an increase in income increase tax revenue
Answers
Answer:
An increase in income will increase tax revenue because the more taxes and tax write-offs will lead to more in tax returns.
Explanation:
The more income you make the more taxes you will pay, after write-offs you will end up earning more back in tax returns than you would if you made less
What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Answers
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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What is nother name for the Pertrarchan sonnet?
Answers
Another name for the Petrarchan sonnet is the Italian sonnet. The Petrarchan sonnet was named after the Italian poet Francesco Petrarca (Petrarch) who popularized this form of poetry in the 14th century.
The Petrarchan sonnet typically consists of 14 lines, with an octave (eight lines) and a sestet (six lines), and follows a specific rhyme scheme. The octave usually presents a problem or situation, and the sestet provides a resolution or conclusion. This sonnet form became popular in Italian literature and was later adopted by poets writing in other languages, including English.
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which of the following is/are employed to express the values of interest groups?
Answers
The term that is employed to express the values of interest groups is b. Lobbyists.
What is interest groups?A special interest group can be descrbed as the community within a larger organization that is been seen to be having shared interest in as regards specific area of knowledge.
t should be noted that the learning or technology are the things that can be attributed to the interet group and the members cooperate to affect or to produce solutions which can be seen to be in a particular field, and help to meet, and organize conferences to achieve a goal.
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complete qustion;
Which of the following is employed to express the values of interest groups? a. Pressure groups c. Executive appointees b. Lobbyists
ON
Did you follow the tips from a successful businessman or practitioner before you engaged in your business
Answers
Answer:
Indeed, prior to starting my commercial activities in my business, I was advised on how large entrepreneurs carried out their activities, and on the tips that they gave regarding how to manage and organize the business.
This gave me the tools to organize my business in the most effective way, avoiding common beginner mistakes when using commercial strategies that have already been tested by successful entrepreneurs.
When performing a job search witch two of the flowing trips should you employ in regards ti the key words used
Answers
A typical keyword trick is using words that are specific to the job role you are applying for.
Job ApplicationIt is usaully a daunting task when one is searching for a job, it is often believed that searching for a job is a job on its own, however, one needs to know some tricks regarding this subject matter to be successful, such as streamlining resume to a particular job role and using the required search key words
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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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An S corporation does not recognize a loss when distributing assets that are worth less than their basis. a) True b) False.
Answers
b) False. An S corporation does recognize a loss when distributing assets that are worth less than their basis.
When an S corporation distributes assets with a fair market value lower than their adjusted basis, it results in a loss for the corporation. This loss can be recognized and used to offset other income or gains of the S corporation, reducing its taxable income. It is important to note that shareholders of the S corporation may have limitations on deducting the loss on their personal tax returns. Loss refers to a financial outcome where the expenses or costs incurred by an individual, business, or entity exceed the revenue or income generated. It represents a negative result in terms of financial performance. Losses can occur in various contexts, such as in business operations, investments, or personal finances. In business, losses can result from factors such as low sales, high expenses, inefficient operations, or unfavorable market conditions. They can impact profitability and financial stability, and businesses often aim to minimize or mitigate losses through strategic planning, cost control, and risk management.
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The concession stand at the local high school sells pretzels and lemonade. The total cost of two pretzels and a lemonade is $5. 75. The total cost of two lemonades is $0. 25 more than the cost of a pretzel. What is the cost of a pretzel? $1. 25 $2. 00 $2. 25 $2. 75.
Answers
The cost of a pretzel at the local high school concession stand is $2.25.
The cost of a pretzel at the local high school concession stand can be determined using the given information. The total cost of two pretzels and lemonade is $5.75, while the total cost of two lemonades is $0.25 more than the cost of a pretzel. By solving the equations, it is possible to find the cost of a pretzel.
Let's assume the cost of a pretzel is x dollars. According to the given information, the total cost of two pretzels and lemonade is $5.75. This can be represented as 2x + 1.25 = 5.75 (since the total cost of two lemonades is $0.25 more than the cost of a pretzel). Simplifying the equation, we get 2x = 5.75 - 1.25, which is equal to 4.50. Dividing both sides of the equation by 2, we find that x, the cost of a pretzel, is 2.25.
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In Country A, the State controls ALL the factors of production. Country A could be described as a country that is operating within a:
A. free market economic system
B. laissez-faire economic system
C. mixed economic system
D. planned economic system
Answers
In a communist economic system, all factors of production are controlled by the government. The Planned economic system most similarly embodies that same economic system.
The _____ refers to the ability to achieve multiple objectives at the same time.
Answers
Organizational ambidexterity refers to being able to achieve multiple objectives at the same time.
Organizational ambidexterity is the capacity of an organization to handle today's business effectively while also being adaptable to meet shifting demand in the future.
Amazon is a prime illustration of an ambidextrous business. Amazon has pursued a strategy of entering new markets and, if successful, learning to scale into established businesses that it can profitably exploit, all the while opening up new market sectors by further investigating.
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you learn about different tools and techniques companies use to provide consumers with information about their products and services. use what you learned to explain how technology and media affect the families make about purchasing products and services. Provide at least three examples.
Answers
Explanation:
The internet has revolutionized the relationship between companies and consumers. Currently, the majority of the population has a cell phone that impacted communication and accessibility. Therefore, companies had to adapt and build new strategies for prospecting and retaining customers through insertion in social media, using active relationship marketing that seeks to engage and generate value for their potential audience through social media, in addition to selling online. to make the experience easier for the consumer.
The online presence of companies is able to offer significant advantages to the consumer, such as a greater discount on products offered online, since companies pass on the reduction of fixed costs with a physical store to the prices offered in an online environment.
your company has done very well. to take it to the next level you need to acquire a smaller company. value of 2,500,000. your comapny is currentlay at 15,000,000. timeframe is 4 years. if the marr for the company is 3%, what is the present net value gain
Answers
The present net value gain is $120
Explanation:
$6,25,000* 0.9709 + $658 581 x 9426
+ $689063 ×·9151 + $723516 X 0.8885
→ $ 6068 13 + $6 18 581 + $630 561 + $64 2 8 49
= $2998799
Int + $25,000,000
less. pr of the increased value of the company $ 2498799
loss ($2500000-$24987-99) - $120.
Net present value is the product of the difference between an investment and the future cash flows from that investment in current dollars. This gives companies and investors the opportunity to decide whether to invest based on the present value of future returns.
Net Present Value is the present value of the cash flows when the project's required rate of return is compared to the initial investment. NPV indicates how much profit or loss a project or investment will generate compared to current funds. Future cash flows may not accurately reflect the project's current cash flows due to factors such as inflation and missing compound interest, so the NPV is adjusted accordingly.
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on march 1, jimmy, a student, received a telephone call from peterson, inc. offering him a job for one year beginning on may 15, after completion of the school year. according to the personnel manager, he will have to move to texas and be ready to start work at 9:00 a.m. on may 15. should jimmy ask for a letter confirming the telephone conversation if he accepts the offer immediately?
Answers
Jimmy's should ask for letter of confirmation of the telephone conversation to ensure clear physical documentation with all terms and conditions is available to support his employment with Peterson, Inc.
It is given that On March 1, Jimmy, a student, received a telephone call from Peterson, Inc. offering him a job for one year beginning on May 15, after completion of the school year. He would have to move to Texas and be ready to start work at 9:00 a.m. on May 15.
Based on this scenario, Jimmy should ask for a letter of confirmation regarding the telephone conversation if he accepts the offer immediately.
He should ask for the letter for the following reasons:
1. Documentation: Having a written confirmation provides a physical record of the job offer, which can be helpful if any disputes arise in the future regarding the terms of employment.
2. Clarity: A letter will clearly outline the terms and conditions of the job offer, such as salary, benefits, and start date, ensuring that both Jimmy and Peterson, Inc. are on the same page.
3. Legal Protection: In case of any legal disputes, having a written confirmation can provide evidence to support Jimmy's claims about the job offer.
4. Relocation: Since Jimmy will be moving to Texas, having a letter of confirmation will help him demonstrate his reason for relocating, which could be useful when searching for housing or other services in his new location.
In summary, it is in Jimmy's best interest to request a letter confirming the telephone conversation to ensure that all terms and conditions are clearly outlined, and he has documentation to support his employment with Peterson, Inc.
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Business profits are dependent on the amount of revenue and expenses that a business experiences.
A.
True
B.
False
Answers
Answer: Yes, business profits are dependent on the amount of revenue and expenses that a business experiences.
Explanation:
Business profits, also known as net income or net profit, is calculated by subtracting total expenses from total revenue. If a business has more revenue than expenses, it will have a positive net income and be considered profitable. If expenses are greater than revenue, the business will have a negative net income and be considered unprofitable.
To increase profits, a business can focus on increasing revenue through sales or pricing strategies, or reducing expenses through cost-cutting measures. For example, a business may choose to increase the price of their products, invest in marketing to increase brand awareness and drive sales, or they may reduce costs by cutting back on unnecessary expenses such as office supplies or travel.
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When a business sells an item, it receives the price paid by the consumer (this is normally greater than the cost to the business of producing the item). Let total cost be C(x). a. If x sults are sold at $100 per sult, write a function R(x) for the total revenue. b. The total profit that a business receives is the amount left after all costs have been subtracted from the total revenue. If P(x) represents the total profit when x items are produced and sold, determine P(x). A) P(x)=100x, P(x)=R(x)-C(x) B) R(x)=200x , C(x)=R(x)-P(x) C) R(x)=100x , R(x)=P(x)-C(x) D). R(x) = 100x , P(x) =R(x) -C(x) Kindly ensure you say if it's a,b ,c,d
Answers
(a) The correct answer is D) R(x) = 100x. When x sults are sold at $100 per sult, the total revenue R(x) can be calculated by multiplying the selling price per sult ($100) by the number of sults sold (x).
(b) The correct answer is A) P(x) = 100x. The total profit P(x) when x items are produced and sold can be calculated by subtracting the total cost C(x) from the total revenue R(x). Therefore, P(x) = R(x) - C(x).
The selling price refers to the amount at which a product or service is offered for sale to customers. It represents the value assigned to the item by the seller and is typically determined by various factors such as production costs, market demand, competition, and desired profit margins. The selling price plays a crucial role in business profitability and success, as it directly affects revenue generation and the ability to cover expenses and make a profit. Setting an optimal selling price requires a careful analysis of market dynamics, customer preferences, cost structures, and pricing strategies to ensure competitiveness, customer satisfaction, and long-term sustainability.
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Florence deposited ₱ 14,800 in a bank that gives 4.35% simple interest. after 2years 4months, she went back to the bank to check her balance. how much was available in her account?
Answers
Answer:
₱ 16,300.054
Explanation:
The formula for calculating simple interest is as below.
I= p x r x t
In this case, p= 14,800, r = 4.35% and t is 2 years and 4 months
the interest rate is in years; we need to convert two years and four months to years.
=4 months = 4/12 of one year = 0.33
2 years 4 months = 2.33 year
I= 14,800 x 4.35/100 x 2.33
I= 14,800 x 0.0435 x 2.33
I=1,500.054
the amount in the bank will be principal plus interest
=14,800 + 1500
=16,300.054
For a study of whether or not job satisfaction is affected by salary levels, what would be the Dependent Variable? What would be the Independent Variable? 2. (10 points) Explain the idea of a construct and what that means in terms of a research study. Give at least two examples of a construct.
Answers
In a study on job satisfaction and salary levels, the dependent variable would be job satisfaction, while the independent variable would be salary levels. Constructs in research refer to abstract concepts or variables that cannot be directly observed or measured. Examples of constructs include intelligence, self-esteem, and happiness.
In a study investigating the relationship between job satisfaction and salary levels, the dependent variable would be job satisfaction. It is the variable that researchers are interested in measuring and analyzing in relation to other factors. The independent variable would be salary levels, which is manipulated or controlled by the researchers to observe its impact on job satisfaction.
A construct, in the context of research, refers to an abstract concept or variable that researchers aim to study and understand. Constructs cannot be directly observed or measured but are inferred based on observable behaviors or indicators. They represent theoretical ideas that help explain phenomena.
For example, intelligence is a construct that researchers study. It cannot be directly measured, but it can be inferred through tests and assessments that measure cognitive abilities. Another example of a construct is self-esteem, which pertains to an individual's subjective evaluation of their self-worth. It is not directly observable but can be assessed through self-report questionnaires or other psychological measures.
In research, constructs play a crucial role in developing theories, formulating hypotheses, and designing measurement tools to study and understand complex phenomena.
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How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
Answers
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
other things the same, an increase in wages above their equilibrium level question 7 options: increases frictional unemployment but leaves the natural rate of unemployment unchanged. increases frictional unemployment and increases the natural rate of unemployment. increases structural unemployment but leaves the natural rate of unemployment unchanged. increases structural unemployment and increases the natural rate of unemployment.
Answers
"Increases frictional unemployment but leaves the natural rate of unemployment unchanged."
When wages are increased above their equilibrium level, firms may be unwilling or unable to hire as many workers, leading to an increase in frictional unemployment as workers search for new jobs.
However, this increase in frictional unemployment is temporary and does not affect the natural rate of unemployment, which is determined by structural and frictional factors in the economy.
Structural unemployment refers to the mismatch between workers' skills and available job opportunities, while frictional unemployment results from the time it takes for workers to search for and match with suitable jobs.
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