John has just paid off the full balance of his credit card. What happens to the
debt?

a. John will be paid an interest
b. It is added back to his credit limit to be used again
c. His credit limit will be increased
d. It remains a debt

Answers

Answer 1

Answer:

I think the answer is B. If It's correct please give the brainliest award.

Answer 2

John has just paid off the full balance of his credit card. It is added back to his credit limit to be used again. Thus the correct option is B.

What is a credit card?

A credit card is referred to as plastic money that allows an individual to do shopping or buy products above the limit of credit cards by borrowing from the bank.

When an individual paid off the full balance of his credit card. It gives a good impression on the lender and helps in improving the credit rating of an individual and can allow for ease in accessing loans.

When an individual pays off the full balance that amount is added to the account and the credit limit can be used again. when the payment is not made timely the interest will be charged at a particular rate.

Therefore, option B is appropriate.

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Related Questions

Tasty Tangerine is currently selling 50,000 boxes for $25 per box. Variable cost per box is $17 and fixed costs total $260,000. A plan is being considered to spend $60,000 on advertising and reduce the selling price by $2 per box. Management believes the advertising along with the price reduction will increase sales volume by 24,000 boxes. If management's predictions are correct, making these changes will cause net income for the year to

Answers

Based on the changes,Tasty Tangerine's net income for the year will decrease by $16,000 from $140,000 to $124,000.

Data and Calculations:

Current sales unit = 50,000 boxes

Selling price per box = $25

Variable cost per box = $17

Total Fixed costs = $260,000

Contribution margin = $8 ($25 - $17)

Net income based on current sales plan = $140,000 ($8 x 50,000 - $260,000)

New Plan's sales units = 74,000 boxes

Selling price per box = $23 ($25 - $2)

Variable cost per box = $17

Total Fixed costs = $320,000 ($260,000 + $60,000)

Contribution margin per box = $6 ($23 - $17)

Net income based on new plan = $124,000 ($6 x 74,000 - $320,000)

Thus, the changes will cause Tasty's net income for the year to decrease by $16,000.

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PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics
The purpose of fractional reserve banking is to:
O A. prevent banks from charging unfair interest rates to small
businesses.
O B. combine the financial services of both commercial and retail
banks.
C. give banks the ability to make loans greater than the value of cash
deposhys.
D. give potential borrowers more options for securing short-term
bank loans.

Answers

Answer: A

Explanation:

it makes more sence

The purpose of fractional reserve banking is to prevent banks from charging unfair interest rates to small businesses. Thus, option A is correct.

What is fractional reserve banking?

A fractional reserve banking system is one in which only a portion of bank deposits must be available for withdrawal. Banks only need a certain amount of cash on hand and can make loans using the money we deposit. By releasing cash for lending, fractional reserves help to boost the economy.

Banks can utilize cash (i.e., the majority of deposits) that would otherwise be unused and idle to create returns in the form of interest rates on new loans and therefore make more money available to build the economy.

Therefore, it prevents banks from charging unfair interest rates to small businesses.

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with a variety of different brands, marriott needs a clear ________ strategy to help provide customers with accommodations that best meet their needs.

Answers

With a variety of different brands, Marriott needs a clear ________ strategy to help provide customers with accommodations that best meet their needs.

Marketing

According to the given question, Marriott needs a strategy that would best help her provide her customers with accommodation based on their different needs.

The best type of strategy that Marriott needs to undertake would be a marketing strategy.

This is because, when she starts to market to her customers, then she would be able to know their various needs and serve them based on those needs.

Therefore, the correct answer is marketing

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Which of the following accurately defines tolerance in the context of measurement?

A. Ability to convert measurements based on the situation

B. Permissible deviation from a specified measurement

C. Process of adjusting measurement devices

D. System of ranking the precision of measurements

Answers

Answer:

B:Permissible deviation from a specified measurement

Explanation:

Permissible deviation from a specified measurement accurately defines tolerance in the context of measurement. Thus, option B is the correct option.

What is tolerance?

Tolerance is used to describe the provision of an appropriate range of admission from ideas, deeds, or behaviors that someone considers to be morally repugnant but still “tolerated,” because those who should not be outlawed or restricted are those who should be tolerated.

The word “tolerance” throughout the context of measuring refers to the spread seen between the highest and lowest proportions with permitted mistakes. Tolerance is another name for a legally permissible range of flaws, such as quality requirements.

Tolerance in the setting of assessment is defined as that of the allowed variance of a given measurement. Therefore, option B is the correct option.

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a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

Answers

If a company recorded an event that had so effect on assets, income or cash flow, his action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

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why should the income statement be prepared first?

Answers

Answer:

cash of Aryas 500 withdrawn from the bank for office use find out debit and credit

economics is the study of how limited resources are used to satisfy human wants. economists look at the causes and effects of the choices people make. list 3 decisions that you have made in the last 24 hours.

Answers

Answer:

whether I should buy 1killo of orange or 2killo banana

A fundamental law of nature states that the quantities of labor, capital, land, and entrepreneurial resources that can be employed to produce products and services are finite. It implies that there are a finite number of resources available to the economy at any given time to produce products and services.

What three problems must an economic system solve?

It's possible to question and remove unsourced material. The three basic economic questions that must be addressed and resolved by economic systems as a sort of social system are: "How much and which alternative commodities and services shall be created?" and "What kinds and amounts of goods shall be produced." How should products be made?

Limitations on resources and insatiable human desire are the root causes of all economic issues. It develops as a result of a lack of resources that can be used in other ways. Each community must make choices about how to use its limited resources. In general, resource allocation is the main issue in an economy.

Thus, The amount of labor, money, land and entrepreneurial resources that can be used to create goods and services is limited, according to a fundamental rule of nature.

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what is the cost allocation method called that is used for natural resources?

Answers

Answer:

The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.

Explanation:

List five internal factors that influence a sales forecast.

Answers

Answer:

The internal factors such as plant capacity, quality, price, advertisement policy, resources, etc., of the enterprise affect the sales forecasting of the enterprise.

Explanation:

These factors can very well be controlled by the business enterprise itself.

Project Data

Mowgli Corporation adjusted trial balance for fiscal year ending December 31, 2019.

Dr.

Cr.

Cash

$21,000

Accounts Receivable

$102,000

Inventory (beginning)

$20,000

Estimated Returns Inventory

$5,000

Land

$9,000

Office equipment

$22,000

Accumulated Depreciation-equip.

$20,000

Building

$233,000

Accumulated Depreciation-Bldg.

$94,000

Patent

$16,000

Accounts Payable

$73,000

Customer Refunds Payable

$2,000

Interest Payable

$14,000

Unearned Revenue

$22,000

Notes Payable

$100,000

Capital

$80,000

Drawings

$29,000

Sales

$206,600

Purchases

$106,000

Purchases Returns and Allowances

$1,000

Purchase Discounts

$500

Freight-in

$300

Insurance Expense

$6,000

Interest Expense

$8,000

Repair Expense

$5,000

Salaries Expense

$17,600

Advertising Expense

$1,200

Depreciation Expense

$11,000

Utilities Expense

$1,000

$613,100

$613,100

Other Information:

Inventory on hand at December 31, 2019 is $55,000 (Hint: this is ending inventory).
Estimated Returns Inventory increased $2,000 (Hint: Include in COGS and Closing Entry).
Administrative expenses include: Insurance, Repair, Utilities, and Depreciation.
Selling expenses include: Advertising and Salaries.
$50,000 of the Notes Payable is payable next year (Hint: classified as current).

Answers

Answer:

21,000

Explanation:

what is a Human Resource Manager

Answers

Answer: a human resources manager is typically the person who hires and fires people in the job/ job site. they also oversee who is doing what. that stuff.

Explanation:

Interviewers asked Jeff to discuss a time when he demonstrated adaptability at his job. What is the MOST appropriate response for Jeff to give?

A.
Because I am introverted, I was able to work by myself for most of the day.

B.
When our old software no longer worked, I came up with a new system that could help us meet our goals.

C.
I consistently communicated well by writing very detailed emails to my colleagues.

D.
My emotional intelligence is so high that I can usually tell what everyone in a room is feeling.

Answers

Answer:

B. When our old software no longer worked, I came u with a new system that could help us meet our goal.

Explanation:

When the old software didn't work, Jeff adapted to the situation and created new software for the company so that the company could continue on with its work and achieve their goal.

B is the answer to this question it fits the best out of all the options

what type of company purchases raw materials and makes goods to sell?

Answers

Answer: Manufacturers

what level of market coverage is typically used for products like honest tea beverages?

Answers

The level of market coverage that is been utilized in marketing some products such as honest tea beverages is Intensive distribution

Intensive distribution can be regarded as form of marketing strategy whereby a company tries to sell its product using small vendor and at times  big store.

It  helps in the creation of brand awareness of the product which later result to higher sales. This method is been used fir products such as soft drinks, cigarettes.

Therefore, Intensive distribution utilize retailers in distribution of goods

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ballot measures sponsored by businesses or business groups are much more likely to pass than those initiatives sponsored by citizen groups.

Answers

Ballot measures that are sponsored by businesses or business groups are indeed more likely to pass than those brought by citizen groups. This is therefore a true statement.

Ballot measures by business and business groups have a higher chance of becoming law because:

Businesses will fund the measure better which ensures greater reach Businesses have greater influence than individual citizens

As a result of businesses being able to fund their measures more. They will advertise it across the area which will increase its chances of being voted for. Businesses can also mobilize more people to vote for the measure than individual citizens.

In conclusion, ballot measures by businesses have a better chance of passing.

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a piece rate worker is paid

Answers

Answer:

a fixed rate for each item produced or action performed

Explanation:

a little bit of research will take you right to the answer.

Yasmine’s boss is very unpredictable. Somedays he is completely open to new ideas and encourages everyone to participate. Other times, he completely shuts down and yells at anyone who tries to offer any new ideas. Which part of Goldberg’s OCEAN model does this BEST demonstrate?

A.
neuroticism

B.
conscientiousness

C.
extroversion

D.
agreeableness

Answers

The part of Goldberg’s OCEAN model does this best demonstrate this personality trait is Agreeableness

Agreeableness is a type of personality trait that includes attributes such as trust, altruism, kindness, etc.

Individuals who are high in agreeableness tend to be more cooperative with other people and when they are low in this trait, they become more competitive, rude, do not care about how other people feel, insults and belittles others etc.

Agreeableness personality attributes are trustworthiness, kindness and when people with this trait are in their low state, they tend to be rude and harsh.

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1.) what is procrastination

2.) is it okay to reassess and adjust your goals?

Answers

Explanation:

1.procrastination is to delay something that you should do usually because you don't want to do it

2.No

Betty's employees' performance is the lowest of the company. Most of Betty's employees have
been with the company less than 2 years. Those that have been with the company for more
than 2 years are visibly unhappy at the company. These results are drastically different than
most of the other teams in the company.

Do you think Betty is a good manager? List facts that support your decision

Answers

Answer: Define job performance, organizational citizenship, absenteeism, and turnover.

Explain factors associated with each type of work behavior.

One of the important objectives of the field of organizational behavior is to understand why people behave the way they do. Which behaviors are we referring to here? We will focus on four key work behaviors: job performance, organizational citizenship behaviors, absenteeism, and turnover. Note that the first two behaviors are desirable ones, whereas the other two are often regarded as undesirable. While these four are not the only behaviors organizational behavior is concerned about, if you understand what we mean by these behaviors and the major influences over each type of behavior, you will gain more clarity about analyzing the behaviors of others in the workplace.

Explanation:

Explain why it is important to maintain good relationships with: a) Colleagues. b) Supervisors. c) Internal clients. d) External clients

Answers

Answer:

c

Explanation:

Which action would most likely harm a person's credit score?
A. Completing a credit card application
B. Spending a small portion of a credit limit
C. Researching a credit card's interest rate
O D. Failing to pay minimum monthly payments

Answers

Answer: D

Explanation:

Failing to give minimum monthly payments is activity would most likely harm a person's credit score.

What is credit score?

Credit score is the creditworthiness of the person and the ability to pay the debt of the credit. Credit score can be build according the previous maintenance and transaction from the account. If the person has good background, the bank can give them more credibility.

Thus, option D is correct.

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If you earn 7.5% interest in one year on your $ 3000 investment and pay 20%
interest in one year on a credit card balance of $ 1500, how much money did you
make (or lose)?
A. -$275.
B. -$75.
C. +$75.
D. +$275.

Answers

Answer:

B. -$75

Explanation:

True Stories Company sold the rights to a documentary film. They are expecting significant revenue in Year 1. The revenue stream is expected to decrease steadily until it reaches zero in Year 5. Based on this Which depreciation method should be used to most closely match the expense to the revenue stream the asset produces

Answers

The best depreciation method for this company is the double-declining-balance

In economics, depreciation occurs when a product gradually loses its value. The most common causes of depreciation are:

The product becomes obsoleteWear and tear of the productThe product's popularity decreases

Moreover, there are different methods to understand this decline in value that include:

Double-declining balanceStraight lineUnits-of-production

The double-declining balance method implies depreciation is not constant over the years but as years pass the depreciation increases. This method applies to True Stories Company because it is expected the documentary film becomes less and less popular every year, and therefore depreciation is accelerated not constant.

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aanu owns several computer repair shops across northeastern wisconsin, and she has set a goal for her company of increasing market share in all locations over the next three years. aanu has set a:

Answers

Aanu's goal of increasing market share in all locations over the next three years is a strategic goal.

A strategic goal are the specific objectives a firm aims and plans to achieve over a specified period of time. The strategic goal set by the firm can either be financial or nonfinancial.

Examples of strategic goals include:

Increasing the market share of the company. Increase customer satisfaction.Increase the number of customers of the company.

Other types of goals are:

Operational goals are the steps that a firm takes to achieve in the long term success. Tactical goals are goals that are set for the immediate short time period.

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Under the gross method, when the customer pays within the discount period, which of the following accounts is not recorded in the journal entry to record the cash receipt?

Answers

The "cost of good sold" is not recorded in the journal entry to record the cash receipt.

In accounting, the Gross method refers to the method of recording a purchases at the invoice price without any deduction of cash discounts.

Under the journal entry, the purchase are recorded at the invoice amount alone without making account for any discount deduction.

Now, when a customer pays for purchase within the discount period, the accounts that are not recorded in the journal entry is "Cost of goods sold" because it is used only at the time of sales.

The account which are recorded in the journal entry includes Sales, Accounts Receivable and Cash.

Therefore, the account which is not recorded is the "Cost of goods sold".

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Stanley is 21 years of age, single, living at home with Mom, Dad, and his younger sister, but he is not claimed by his parents. Stanley worked at Hot Dog Heaven and earned $9,325 in 2018 and filed a federal1040 tax return. He plans to attend college full-time. What documents does he need to complete his FAFSA application?

Answers

The document that he needs to complete his FAFSA application is D. None of the above.

FASFA Application is an acronym for The Free Application for Federal Student Aid. This is an application that is done that allows students to be considered for Federal student aid.

The documents that a student needs to complete his FAFSA application include one's security number, the Federal Income tax returns, and every other record of the money that the person has earned.

From the complete question, none of the above options are given, therefore, the correct option is None of the above.

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the first step in the process of organizing a business is to

Answers

Answer:determine the work that needs to be done

Explanation:

going to the movies is an example of what types of expenses?

Answers

Discretionary (non-essential) expenses

how to get all one hundreds on report card

Answers

Answer:

well thats easy all you have to do is get a good grade on every single assignment in every class

Explanation:

which is very hard

Answer:

To do your work and stop asking how to get around it on Brainly. Please don't cheat, your teacher can see past that, especially when you copy verbatium like I bet you do.

Explanation:

please help me asap!

Answers

Answer:

1.answer is social media

social media is what you are looking for
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