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2 years ago

What is good about having a credit card? what is bad?

Business

1 answer:

navik [9.2K]2 years ago

7 0

Answer:

Credit cards are neither good nor bad. They are financial tools that must be used with care. Cards can help or hurt your finances if you don't use them responsibly. At the same time, credit cards used properly offer a convenient payment method that can build credit and earn rewards for users.

Explanation:

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Shalit Corporation’s 2008 sales were $12 million. Its 2003 sales were $6 million. a. At what rate have sales been growing? b. Su

Inga [223]

(12-6)/12 gives you the growth rate *over five years* (115%)
divide that by 5 and you get an average rate of 23% growth per year.
If we’re rounding, yes, that statement is correct. Otherwise, growth over five years doubled because there was a growth of 115% and year-over-year growth was 23%.

6 0

2 years ago

Jerry contributed $8,000 for a 25% interest in a bookstore. He also contributed a cash register, with a fair market value of $49

Marta_Voda [28]

Answer:

The Jerry's partnership basis in the bookstore at the end of the year is $23,350.

Explanation:

Workings

Contributed Capital = $ 8,000

Add: Adjusted basis of cash register = $ 350

Add: Share of Profit ($60000 X 25%) = $ 15,000

Partnership basis at the end of the year = $ 23,350

8 0

2 years ago

When cash outflows temporarily exceed cash inflows, banks are most likely to experience:

Musya8 [376]

C. a negative duration on it's assets.

3 0

2 years ago

Nature’s Crunch is currently the only certified organic produce grower in a region that produces lots of non-organic produce alt

aliya0001 [1]

Answer:

The correct answers are letters: "A", "B", "C", and "D".

Explanation:

As a monopoly, Nature's Crunch will be benefited in profit terms if any chemical involved non-organic vegetables growing process is affected somehow. Then, a tomato blight affecting chemically treated plants, an increase in the cost of chemical pesticides, and a new report about the environmental dangers of chemically treated plants would automatically generate more sales for Nature's Crunch. Besides, it does not matter under what scenario, income tax cuts for all consumers will generate more revenue both for organic and non-organic industries.

7 0

2 years ago

At December 31, 2020, Carter Company had 450,000 shares of common stock issued and outstanding, 350,000 of which had been issued

Dennis_Churaev [7]

Answer:

$3.03

Explanation:

Calculation to determine What should be Twin Rivers' 2020 earnings per common share,

Using this formula

Earnings per common share=

Net Income for 2020/Weighted Average Shares Outstanding

Let plug in the formula

Earnings per common share=$1,160,000/ [(350,000 x 8/12) + (450,000 × 4/12)]

Earnings per common share=$1,160,000/(233,333+150,000)

Earnings per common share=$1,160,000/383,333

Earnings per common share= $3.03

Therefore What should be Twin Rivers' 2020 earnings per common share is $3.03

4 0

2 years ago

What is good about having a credit card? what is bad?​

What is good about having a credit card? what is bad?