1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normalization of debt in the future?​

Answers

Answer 1

Our culture has become accustomed to debt mainly because the capitalist system in which we find ourselves favors the management of loans for the acquisition of goods and services.

These, due to their cost, are difficult or impossible to access through cash payments without any type of installment or ease of payment.

Therefore, credit cards are ways of acquiring debt to finance certain consumption, which is why they have become a financial tool that is totally socially accepted.

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Related Questions

the stock price of ajax inc. is currently $105. the stock price a year from now will be either $130 or $90 with equal probabilities. the interest rate at which investors can borrow is 10%. using the binomial opm, the value of a call option with an exercise price of $110 and an expiration date 1 year from now should be worth __________ today.

Answers

Answer:

the linkers be like I got you.

how is self employment an alternative to large scale industries?

Answers

Answer:

The self-employment involving activities on a small-scale is a good alternative to large scale business which has brought various evils like environmental pollution, development of slums, exploitation of workers, and so on. In self-employment there is no limit of earnings as is the case with wage employment.

Lanie tells her sales manager that she will be devoting more effort to ____ in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.

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Lanie tells her sales manager that she will be devoting more effort to prospecting in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.

Prospecting in sales is when a potential customer is being targeted before converting to an opportunity. It is the first step in sales process which entails creating sales opportunities.

Every businesses, firms, organizations usually have what is called selling plan, which is a tool in helping business succeed in sales. It helps to benchmark where an organization is and where they wish to be and then make adjustments to achieve their goals.

The selling plan is what will guide Lanie so that she would be able to achieve her sales prospect and then possibly convert them to opportunities inorder to meet her target.

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Judy and Amy are having lunch together and decide to split the bill equally. Amy ordered more expensive items than she normally would because she is ______ price sensitive when sharing the cost.

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Amy ordering more expensive foods and deciding to share the bill means

she is less price sensitive .

Less sensitivity of price usually occurs when there aren't available

substitutes for a particular product. Amy and Jude visits the restaurant for

lunch  in which the price here is always fixed with no alternatives.

This makes Amy order the food regardless despite the idea of sharing the

cost with the other party. This thereby means that she is less sensitive to the

price when sharing the cost.

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When different sequences of operations are required for creating small batches of different products, the type of design or layout used is the a. process layout. b. product layout. c. quota layout. d. output layout. e. product design.

Answers

product design but I’m also a little convinced it’s also product layout

When different series of operations are required in creating small batches of different products, the type of design or layout comes under product design. Thus, option D is correct.

What is the product?

A product or a service that can be sold in the open market and for that product, a price is offered, or sometimes it can be in the form of a barter system.

A product design means that the product that is made in the company is made and has a process for the same. the design can be small changes in the packaging, manufacturing, or the looks of the product.

All the changes made in the product that needs to be changed are often done into small offers, often they are for a promotional purpose like get 12% extra or get free stuff. So all these changes in operation are done in product design. Therefore, option D is the correct option.

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Ahmed wants to open a small business selling custom bikes, and is looking at ways of raising money. He owns his own house and is considering acquiring a second mortgage. He is also speaking to his bank about a loan and is looking at crowd-funding sites, as he thinks his product is innovative and could attract investors.
- Assess a mortgage, a loan and crowd-funding as sources of finance for Ahmed.

Answers

Explanation:

Mortgages (Pros & Cons)

Defintion-

These are long-term loans, normally around 25 years, that are secured against specific asset, for example a building

Interest will be payable on the mortgage

Pros-

Large amounts of finance can be raise and repaid over a prolonged period of time

Ownership or control is not lost

Cons-

Interest is charged on the amount borrowed

Interest rates can fluctuate

Often secured against an asset which can be seized if repayments are missed

Interest has to be paid regardless of whether a profit is being made

Not suitable for small amounts or as a short-term source of finance .

what is the relationship between the average inventory and the in-stock probability?

Answers

Answer:

the relationship is that the more inventory there is the higher the stock-in probability

The president is responsible for the communication and ongoing relationship between America and other nations of the world. This is known as _____.

checks and balances
diplomatic relations
fiscal responsibility
accountability

Answers

Answer:

B. Diplomatic Relations

Explanation:

Anything involving peaceful relationships and communications between multiple countries is diplomatic relations

Diplomatic Relations Because this is the act of representing your state in front of others states.

True or false: A balance-of-trade equilibrium exists when the income residents earn from exports exceed the money residents pay to other countries for imports.

Answers

Answer:

false

Explanation:

A moment of truth occurs when employees and ________ have contact. Group of answer choices Skill Customer Product Place

Answers

Answer:

Customer.

A moment of truth occurs when employees and the customer have contact.

I hope this helped at all.

'The failure or success of any business depends on marketing management '. Do you agree to this statement? Give your arguments.​

Answers

Answer:

Yes

Explanation:

Because if the marketing managment wasn't strong the business will fail but if the marketing managment is strong preety sure it will be successful

2. A company has the following liabilities as of December 31: Accounts payable $150,000 Notes payable (current portion) 217,000 Salaries and wages payable 55,000 Installment notes payable 1,140,000 Interest payable 32,000 Payroll taxes payable 15,500 What is the amount of total current liabilities reported on the balance sheet

Answers

The amount of total current liabilities reported on the balance sheet equals $469,500.

Current liabilities entails set of amount or responsibility owed within an accounting period.

Particulars                                       Amount

Accounts payable                          $150,000

Notes payable (current portion)    $217,000

Salaries and wage payable           $55,000

Interest payable                             $32,000

Payroll taxes payable                     $15,500  

Total current liabilities                  $469,500

Therefore, the amount of total current liabilities reported on the balance sheet equals $469,500.

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Which global facility type manufactures products at low cost but with skilled workers and significant managerial resources

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A global facility type which takes advantage of low cost raw materials and skilled labor for production purpose is called an offshore factory.

Offshore factories are located outside a manufactures home country in a bid to take advantage of low cost raw material and skilled and good managerial resources.

After production is done, the finished product are then imported back into the manufacturer's home country.

Hence, the missing phrase is offshore factory.

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As chief financial officer, you want to send the fourth quarter profit/loss spreadsheets to the president of the company. How can you send the report without worrying about someone else accessing it

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The chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

Usually, there are situation when a third party (like the President assistant) can assess his mails through delegation , therefore, the chief financial officer needs to ensures the financial report are not accessible by him

Therefore, the chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

In conclusion, encryption of the financial report is the best way to ensure others does not have access to it.

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when profit-maximizing firms in competitive markets are earning profits,

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There are different ways that firms to make profits. When profit-maximizing firms in perfectly competitive markets are earning economic profits, new firms will enter the market.

Profit maximization is simply known to be the short run or long run method through which firms can know the price, input and output levels that tends to lead to the highest profit.

For profits to be maximize in a perfectly competitive market, firms have to  make the marginal revenue equal to marginal cost (MR=MC). MR is known to be the slope of the revenue curve that equal to the demand curve (D) and price (P).

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which best describes how raytheon creates value for its customers?

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Raytheon was known to create a customized solutions by connecting with customers directly and understanding their unique needs. The best description of how Raytheon creates value for its customers is that Raytheon offers bespoke solutions for their needs

Value creation for customers entails giving them good and essential products and services that the customers will find worthy of their time, energy and money.

A customers find value in .product or service that benefits their need rather than its cost.

To add value to customers, one must:

Offer discounts.

.Gratitude and gifts for cooperation.

Free trials etc.

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Monica has created her own cleaning solution. Monica's friends encourage her to sell the cleaning solution; they think it is so fantastic they believe Monica will make a lot of money on it. They encourage Monica to apply for a patent on the cleaning solution formula so that no one can copy it, and so Monica will be the only one who can sell it. Monica likes the idea of making a lot of money but knows she will have to reveal her formula to obtain a patent, otherwise she would have to keep it a trade secret. If Monica decides to apply for and receives a patent on the cleaning solution: __________

Answers

If Monica decides to apply for and receive a patent on the cleaning solution, she must disclose the formula, but she has the exclusive right to make and sell it for twenty years.

This solution is based on US patent law, which seeks to encourage inventors to develop new technologies under the exclusive right of use for a limited time.

Patent law specifies a period of 20 years for the use of exclusive patent rights, which period may be extended if requested.

Therefore, if Monica decides to apply for and receive a patent on the cleaning solution, she will be able to make, use, sell and import her invention with the right to exclude others.

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________ measures the frequency that someone who clicks on an ad makes a purchase, likes a site, or takes some other action desired by the advertiser.

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The term that describes the frequency of click by people on a particular ads on a site as well as actions by advertiser is conversion rate.

Conversion rate can be regarded as a measure that give enablement to know the number of click on a particular ad.

It helps to know how many people make a purchase through ads on the website.

Therefore, conversion rate is correct.

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timia needs some cash in a hurry. she owns her car outright and is considering a title loan. the lender has told timia that she could borrow $1750 for 1 month and the fee would be $140. what is the apr on timia’s loan? assume 12 equal months.

Answers

The annual percentage rate on Timia's loan can be calculated using the percentage interest formula. Hence, the APR on her loan is 96%

Recall :

Simple interest = principal × rate × time

Principal = $1750Interest = $140

Time = 1 month = 1/12 = 0.083333

Plugging the values into the equation :

140 = 1750 × rate × 0.0833333

140 = 145.83333 × rate

Rate = 140 ÷ 145.83333

Rate = 0.96

He, the annual percentage rate on the loan is 96%

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When you put money into a checking account, you fill out a

signature card

reconciliation form

deposit slip

bank statement

Answers

Answer:

I believe it's deposit slip.

Explanation:

A deposit slip gives the bank the information it needs, in order to handle your money properly.

Hope this helps :)

PLEASE HELP
Jane is applying for a job at an in-store job kiosk. What is a benefit of applying for a job this way?

A. Jane can print the application to complete at home.
B. Jane can search for current job openings at the store.
C. Jane can start the application and then come back the next day to complete it.
D. Jane will need home computer access to finish the application.

Answers

A I believe is the correct answer

Answer:

The answer is B

Explanation:

Jane is at the store and can see the job openings.

Anusha brings a $20 bill to the store. She purchases 4 pairs of socks for $2. 25 each and a new belt for $7. 50. How much change will Anusha receive when she pays for her clothes? $3. 50 $7. 50 $9. 00 $16. 50.

Answers

Answer:

£3.50

Explanation:

4 times 2 = 8

0.25 times 4 = 1

20 - 8 - 1 - 7.50 = 3.50

Well-defined property rights, low transaction costs, and resources that naturally gravitate toward the highest-valued function describe the theorem.

Answers

The Coase therom.

Explanation:

The well-defined property rights, resources that inevitably drift toward the highest-valued function, and low transaction costs, are all defined by the Coase theorem.

What is the Coase theorem?

The Coase theorem in law and economics describes the economic effectiveness of a financial decision or results in the presence of externalities. According to the theory, regardless of how property is initially distributed, bargaining will result in a Pareto optimal solution if trade in an externality is feasible and transaction costs are sufficiently low.

In reality, Coasean negotiation may be hindered by roadblocks or vaguely defined property rights. Commonly credited to Nobel Prize winner Ronald Coase is this "theorem."

Ronald Coase won the 1991 Nobel Memorial Prize in Economic Sciences for this 1960 study and his 1937 paper on the nature of business.

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chevron placed an ad with copy reading protecting the planet is everyones job we agree that encouraged consumers to use renewable energy which type of advertising was chevroon using

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The type of advertising used by Chevroon that encouraged consumers to use renewable energy was Call-to-action marketing, which refers to using  phrases that create a sense of urgency and drive consumers to action.

The Call-to-action (CTA) marketing strategy can be understood as a direction to action, that is, the organization will encourage the consumer to act in a certain way according to its advertising.

Some examples of CTA can be through the use of some jargon such as:

Read more.Buy now.Protect the planet.

Therefore, this is a strategy that an organization uses to convert sales, attract and retain consumers, through incentives for the consumer to perform an action.

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If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled:

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If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled: FOB Houston.

FOB which full meaning is freight on board means that the seller has shipped the goods to the buyer.

Hence, the seller is no longer in the possession of the goods but the buyer because the transfer of ownership has taken place from the seller to the buyer.

In this case the buyer is responsible for any costs or  damages that occur during shipping because the goods are now in the control of the buyer.

Based on the information given since  the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled FOB Houston as the buyer is located in Houston.

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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

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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.

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A __________-__________ bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency, then at maturity, the principal is repaid in another currency. Multiple Choice warrant-convertible bonds with equity warrants dual-currency exchange-convertible

Answers

A dual-currency bond is known to be a hybrid debt instrument that often has payment obligations over the life of the issue. A dual currency bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency.

In dual currency bond, the borrower often makes coupon payments in one currency, but get the principal at maturity in another currency.

Its advantage is that Investors using this bonds often gets higher coupon payments than straight bonds etc.

Straight fixed-rate bond issues often have a Known maturity date where the principal of the bond issue is said to be repaid.

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A corporation issues for cash $8,000,000 of 20-year, 8% bonds, interest payable semiannually. The amount received for the bonds will be

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Answer:

uwuuwuwuwuwuwwuwwuuwuwuuwuwuwuwuwu

One of the first things to do to prepare for a job interview is to _____. A. Ask for a formal offer letter b. Plan how to spend your first paycheck c. Research the company d. Send a follow-up letter Please select the best answer from the choices provided A B C D.

Answers

Answer:

c reasearch the company

Explanation:

Answer:

C is correct

Explanation:

i took the test

Eight years ago, Ian invested in Rayje Clothiers. He purchased five par value $1,000 bonds issued by Rayje Clothiers at a market value of 94. 956, each of which yields interest of 7. 5%. Ian also bought 250 shares of Rayje Clothiers stock at $17. 22 apiece. Bonds from Rayje Clothiers yield interest of 7. 5%, and stock from Rayje Clothiers yields dividends of $1. 09 yearly. Today, Rayje Clothiers bonds have a market value of 108. 224 and Rayje Clothiers stock sells for $19. 96 per share. If Ian liquidates his portfolio and sells off all of his investments, which aspect of his investment in Rayje Clothiers will yield the greater total profit, and how much greater will it be? a. The bonds yielded $820. 00 more in profits than the stocks. B. The bonds yielded $798. 40 more in profits than the stocks. C. The stocks yielded $21. 60 more in profits than the bonds. D. The stocks yielded $242. 20 more in profits than the bonds.

Answers

Answer:

what are tow main reasons that force people travel?

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