What is credit card balance

Answers

Answer 1

Answer: A credit card balance is the amount of money you owe the company who give you the credit card. A time delay in processing payments can mean that the balance is not always accurately reflected until payments have gone through. Credit card balances can be positive, negative or nil.

Related Questions

A company made a profit of $25,000 over a period of 5 years on an initial investment of $10,000. What is its annualized ROI? . A.) 50%. B.) 40%. C.) 30%.
Definition of collateral
the following data relates to mangini company's budgeted amounts for next year. budgeted:department 1department 2manufacturing overhead costs$ 320,000 $ 400,000 direct labor hours65,000dlh75,000dlhmachine hours2,000mh2,500mh what is the company's plantwide overhead rate if machine hours are the allocation base? (round your answer to two decimal places.)multiple choice$5.14 per mh$150.00 per mh$31.11 per mh$200.00 per mh$160.00 per mh
Tim is feeling magnanimous, and decides to loan his mother enough for her to pay off her credit card bills. if tim wants to earn 2.1% and expects inflation to be 5.5%, how much will he charge his mother for the loan?
According to the law of demand, as prices decrease, demand decreases. increases. stays the same. disappears.

Abby Cleaning Services planned to provide cleaning services to 50 customers for $30 per hour during the month. Each job was expected to take 4 hours. The company actually served 5 less customers than expected and spent an average on each job of 4.5 hours. What is Abby Cleaning Services Revenue for the month?

Answers

Answer:

The Abby Cleaning Services Revenue for the month is $6,075 i.e $75 more than the expected.

Explanation:

Given:

Planned number of customers = 50

Charges = $30 per hour

Expected time taken = 4 hours

Therefore,

The expected revenue = 50 × $30 × 4 = $6,000

Actual number of customers served = 50 - 5 = 45

Actual time time taken = 4.5 hours

Actual revenue = 45 × $30 × 4.5 = $6,075

Hence,

the Abby Cleaning Services Revenue for the month is $6,075 i.e $75 more than the expected.

Which phrase defines a demand schedule?A.)a chart showing the impact of demographic changes on demand
B.)a table showing the quantity demanded for a good at different prices
C.)a graph tracking the increase in demand at decreasing prices
D.)a report analyzing factors causing a change in demand for goods

Answers

The correct answer is B, a table showing the quantity demanded for a good at different prices. The demand schedule shows how many people want a specific product depending on its price. For example, if a price decreases, the demand schedule will likely show an increase in quantity demanded, because more people will want something that's cheaper. It doesn't concern demographic changes on demand (which has more to do with the population than the individual), it's not a graph (but instead a table), and it's not an analytical report that shows why a change in goods is happening (instead it just shows the change itself).

The question says, which phrase defines a demand schedule. The correct option is B. A demand schedule is a table which show the quantity of goods demanded by consumers at different price level. The quantity that will be demanded can be calculated using this table if the price level is given. The demand curve is usually drawn from the demand schedule.

When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The ability of the entrepreneur to repay borrowed funds is known as:

Answers

Answer: Financial Capacity or credit capacity

Explanation:

The ability to repay refers to an individual's financial capacity to make good on a debt. By definition, credit capacity refers to how much credit you are able to handle. In deciding whether you qualify for a particular loan, your income is considered along with any other expenses and debts you may have.

Many lenders have a minimum credit score requirement before an applicant can be eligible for a new loan approval. Minimum credit score requirements will vary from lender to lender and from one loan product to the next. The general rule is the higher a borrower's credit scores, the higher the likelihood of receiving an approval. Lenders also regularly rely upon credit scores as a means for setting the rates and terms of loans. The result is often more attractive loan offers for borrowers who have good-to-excellent credit.

Do you think expenditure on road building and maintenance is an on-budget or off-budget expenditure?

Answers

Assuming that you're talking about the Federal's budget, road building and maintenance is an On-Budget expenditure

On-budget expenditures are those that included in regular annual budget,

meanwhile off-budget expenditures are those that included in regular annual budget

Maintaining public utilities to ensure people's safety is included on annual budget

In an effort to increase its total sales, Champion has started exporting its spark plugs for use by several German auto producers. Champion is pursuing a _____ opportunity.a. mass marketing
b. market development
c. diversification
d. product development E. market penetration

Answers

The right answer for the question that is being asked and shown above is that: "d. product development." In an effort to increase its total sales, Champion has started exporting its spark plugs for use by several German auto producers. Champion is pursuing a product development opportunity.

A group of firms acting in unison is called a(n) ___________. It can be difficult for this group to maximize joint profits because____________. cartel; of the tension between cooperation and self-interest duopoly; each firm could increase its profit by producing less output than the agreed-upon amount oligopoly; each firm could increase its profit by producing more output than the agreed-upon amount monopoly; it is difficult to convince each member of the group to produce more output

Answers

Answer:

cartel
each firm could increase its profit by producing more output than the agreed-upon amount monopoly

Explanation:

The Organization of the Petroleum Exporting Countries (OPEC) is probably the most famous international cartel in the world. They set limits in their petroleum production in order to increase oil price or keep oil price artificial high.

But sometimes even they have problems deciding on what limits they should establish. When a member country needs more money due to an specific event, like Ecuador that is suffering from a recession, the other countries will not be willing to allow Ecuador to export more oil, but Ecuador might decide to do it anyways. The same happens when conflicts arise in the Middle East and some countries want to sell more oil than what they are allowed.

Other Questions

Communication skills include:A. science.B. health.C. math.D. reading.

If you're offered a no-interest loan, the amount of the loan should not exceed$2,000.$25,000.$60,000.$100,000.

Whoever answer gets 100

Boardburgh, a cordless telephone manufacturer, launched advertising campaigns to market its products and eliminate wired telephone sets from the market. To counter this, Telepram Inc., a wired telephone manufacturer, has launched an advertising campaign to detail the disadvantages of cordless telephones. In the context of innovation streams, which of the following concepts does this scenario best illustrate?A) Design competitionB) Technological lockoutC) Technological substitutionD) Design iteration