You are a responsible person, but sometimes you have to charge things to your credit card and pay for them over several months rather than in one payment. Your card has a $1,000 limit. Since you are going to be financing your charges over several months, what is the maximum amount you should owe on your credit card at one time?
A. $200
B. $400
C. $800
D. $1000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are a responsible person, but sometimes you have to charge things to your credit card and pay for them over several months rather than ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
John sullivan bought a new brunswick boat for $17,000. he put a $2,500 down payment on it. the bank's loan was for 60 months. finance charges totaled $4,900. his monthly payment is:
Answers (1)
What else besides migration might account for a change in market size?
Answers (2)
If its yield to maturity declined by 1%, which of the following bonds would have the largest percentage increase in value? a. A 1-year zero coupon bond. b. A 10-year bond with a 12% coupon. c. A 10-year zero coupon bond. d.
Answers (1)
An employer has a group life coverage for his employees. how would an employee in poor health be treated in this situation?
Answers (1)
You had training ammunition with authorized expenditures of cat i and cat ii items. which form do you complete as part of your expenditure documentation for the asp
Answers (1)
New Questions in Business
Increases to owner's equity may be from expenses that are incurred. expenses exceeding revenue for the period. withdrawals of cash from the business by the owner. revenue that is derived from sales of goods or services
Answers (1)
Now consider a strangle using the same call with a strike price of $100 and a different put with a strike price of $95. Both have the same expiration date.
Answers (1)
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 Percent. The relevant tax rate is 35 percent.
Answers (1)
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)