What is a credit limit and what is it's purpose?

Answers

Answer 1

Answer:

What is a credit limit?

A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.

what is the purpose of a credit limit?

Credit limits determine how much you can spend using your credit cards and serve as a way for lenders to limit the risk of lending money. Having high credit limits can be a good thing, because it gives you the flexibility to spend money when you need to and it may help you maintain good credit scores.

Explanation:


Related Questions

SEARCH WHAT IT TAKES TO BE A GREAT LEADER!!!!!!!!!!!!!
Torres says that many of us “carry this image of this all-knowing superhero who stands and commands and protects his followers”. She also says this is somewhat outdated. Do you agree? Why or why not? Describe what image comes to mind for you when you think of a great leader.

Answers

Answer:

I agree, because I want to lead other and not to be a follower. I think that a leader is a protector, and leads others to the right direction.

Explanation:

I agree with Torres because I also want to be a leader not follower. A great leader is one who is kind, protective and humble.

What defines a great leader?

An effective leader knows what it will take to achieve their team's objectives and has a common vision that is in line with their fundamental beliefs.

They lead, manage, and encourage their teams to work imaginatively and self-assuredly towards that common goal. A leader gives their team members the tools they need to embrace their own individual leadership traits and act with passion and independence. Additionally, they encourage  and motivate employees to continue making long-term progress and showing enthusiasm for teaching their objectives.

Therefore, I agree with Torres sayings and a great leader should be protective and humble.

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Which item is most often included along with a resume as part of a job application?

A. Follow-up letter

B. Work samples

C. Acceptance letter

D. Cover letter

Answers

Answer:

D. Cover letter

Explanation:

A cover letter is sent together with a resume by a job applicant to a potential employer. The cover letter details the job the applicant is applying for.

While a resume shows the technical and work experiences of the applicant, the cover letter shows their personal side. The cover letter allows a candidate to demonstrate why they are the best for the position. A cover letter gives each candidate an opportunity to market themselves to the employer.

the management's preparation of activities to be carried out by the organization is termed
a) planning
b) delegating
c) organising
d) motivating

Answers

Answer:

a) planning

Explanation:

Planning is a major function of management. It entails thinking ahead or visualizing how to execute events or processes before their time is due. Planning is actualizing events in one's mind to achieve desires results before implementing them on the ground. It is going ahead of time and making preparations for future events.

Planning makes processes and events go smoothly. It makes sure all necessities are availed on time and all possible hitches have been addressed.

A broker-dealer that accepts the risk of holding a particular security in its account to facilitate trading and provide liquidity in that security is best described as

Answers

Answer:

Market maker.

Explanation:

A broker-dealer that accepts the risk of holding a particular security in its account to facilitate trading and provide liquidity in that security is best described as a market maker.

A market maker also known as a liquidity provider refers to an individual or business firm who is saddled with the responsibility of quoting a buy or sell price for a commodity with the hope of making profit on the ask-bid price.

) The price elasticity of demand for alfalfa is perfectly elastic. Thus, the price elasticity demand for alfalfa is

Answers

Answer:

Infinity

Explanation:

In economics, we say that demand is perfectly elastic when the Price elasticity of demand coefficient is equal to infinity. This is because in the scenario that demand is perfectly elastic, it means that the buyers will only buy at just one price.

Thus, the price elasticity demand for alfalfa will be infinity.

the length and Length breadth and height of a room in a house are 8m 6m and 4m respectively the house on a decides to paint the four walls of the room at the cost of ,0.04 square of wall how much will the owner spend in painting the walls​

Answers

Answer:

[tex]Cost\ of\ 112m^2 = 4.48[/tex]

Explanation:

Given

Dimension

[tex]Length= 8m[/tex]

[tex]Breadth = 6m[/tex]

[tex]Height = 4m[/tex]

Cost per [tex]m^2[/tex] = 0.04

Required

Determine the total cost to paint 4 walls

First, we need to calculate the area of the 4 walls.

[tex]Area = 2*(Length * Height) + 2 *(Breadth * Height)[/tex]

Substitute values for Length, Breadth and Height

[tex]Area = 2*(8m* 4m) + 2 *(6m* 4m)[/tex]

[tex]Area = 2*(32m^2) + 2 *(24m^2)[/tex]

[tex]Area = 64m^2 + 48m^2[/tex]

[tex]Area = 112m^2[/tex]

Cost per [tex]m^2[/tex] = 0.04.

[tex]Cost\ of\ 112m^2 = 112 * 0.04[/tex]

[tex]Cost\ of\ 112m^2 = 4.48[/tex]

A firm's _____ determines how the work efforts of individuals and teams are orchestrated and how resources are distributed. Group of answer choices structure culture norm control

Answers

Answer:

structure

Explanation:

The organizational structure encompasses all aspects of an organization. Through its structure, work is organized in physical spaces, divided into departments and coordinated in administrative and financial aspects.

There are several types of organizational structure, such as functional, divisional and matrix structure. To be effective, the organizational structure must understand the organizational identity and be aligned with its values, objectives and goals. In a functional structure, for example, there is organizational departmentalization where each functional area has a main boss and the work is divided into teams that share the same specializations and skills with a certain function.

1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.

Answers

Answer:

The new market size in sales value is 367,500

Explanation:

Answer:

£367,500

Explanation:

the market was £350,000 in 2016.

in 2017, the market grew by 5%.

the new market size will 5% more than 2016.

if 2016 was 100%, 2017 will be 105%

2017 = 105% x £350,000

=105/100 x £350,000

=1.05 x £350,000

=£367,500

April would like the part numbers to be in order with the highest number at the top of the table. She should _____. sort in ascending order conduct a query and set the criteria to <100 sort in descending order locate the highest part number and move it to the top

Answers

Answer:

sort in descending order

Explanation:

Descending order means arranging from the largest to the smallest. It can also imply organizing from the oldest to the youngest. When numbers are sorted out using the descending order, the largest numbers will appear and the top, while the smallest will be at the bottom. April should sort using the descending order.

Using this table, calculate the marginal cost of each of
these quantities of bikes.

The first bike: $
The fourth bike: $
The sixth bike: $
The seventh bike: $

!! Someone please explain how to find the marginal cost, like what is the formula

Answers

Answer:

See below

Explanation:

Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.

In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.

First bike

=0

The fourth bike:

=Forth bike - third bike

=$130 -$110

= $20

The sixth bike

=sixth - fifth

=$210 -$160

=$50

The seventh bike

=seventh - sixth

=$270 -$210

=$60

First bike: $80

Forth bike: $20

Sixth bike: $50

Seventh bike $60

how has the right of education addressed to differently abled person​

Answers

Answer:

Differently abled person might need more resources compared to average people.

Explanation:

Let's examine blind people for example.

In order to learn,  blind people require special type of books or teaching techniques. This special requirement will most likely cause cost the educational institution more compared to accommodating average students.

But , their physical disadvantages doesn't necessarily mean that the wouldn't be a productive workforce. The government need to realize that in order to fully equalize the right to obtain educations , the higher cost would become unwanted expense but extremely necessary.

8. The basic economic problem that arises because people have unlimited 1 point
wants but resources are limited is called: *
a. Scarcity
b. Trade-offs
c. Opportunity Cost
d. Choices
9. Which of the following does not characterize a free enterprise?
1 point

Answers

8. This is called scarcity

Where are the options for #9

A maintenance schedule lists maintenance procedures, who is responsible, and when the procedures need to be completed.
O False
O True

Answers

Answer:

False

i had this same question

Explanation:

Jason is a technician at Johns Hopkins Hospital and earns $19.84 an hour. His boss informed him that he can earn time and a half (1.5) for all hours he works over his regular 40 hours. This week he worked 51 hours. What will be his gross pay for the week?

Answers

Answer:

$1120.96

Explanation:

19.84 x 40 = 793.60

19.84 x 1.5 = 29.76 x 11 = 327.36

793.60 + 327.36 = 1120.96

heart been broke so many times..

Answers

:(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((

There is no direct competition in a particular industry, yet a firm operating in such an industry will have almost no control over pricing. This industry is an example of _____.

Answers

Answer: regulated monopoly

Explanation:

A monopoly is a form of business whereby whereby there's only one seller in a particular market.

When there is no direct competition in a particular industry, and yet such firm is operating in such an industry will have almost no control over pricing, this is a regulated monopoly. Government regulates monopoly so that the interest of consumers will be protected.

Madeline is comparing her options to borrow $5,000 to buy inventory and equipment for her
new sub sandwich shop. Which loan appears to be the best deal? (Hint: Use the simple
interest formula to estimate the interest.)
O 7 percent interest loan due in two years
No answer text provided.
O 10 percent interest due in one year
O 8 percent interest due in 18 months

Answers

Answer:

10 percent interest due in one year

Explanation:

Simple interest calculates interests using the formula below.

I= p x r x t

Where P = principal amount

r = interest rate

t= time in years

A). p= $5000, r= 7%  or 0.07, t= 2 years

I = $5000 x 0.07 x 2

I = $5000 x 0.14

I= $700

B). p= $5000, r= 10% or 0.10 , t= 1

I = $5000 x 0.10 x 1

I= $500

c). P= $5000, r= 8% or 0.08, t= 18months or 1.5years

I= $5000 x 0.08 x 1.5

I=$400x 1.5

I=$600

Option B is the better deal. The interest amount is $500, which is the lowest amongst all the options.

Why is it important to keep your own financial records?

Answers

Answer:

You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business

Explanation:

PLEASE HELP

Explain the function and purpose of the U.S. Federal Reserve System

Answers

Answer:

Explanation:

function: conducting the nation's monetary policy

purpose: The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.

Which of these career clusters are most interesting to you? Check all that apply.


Business, Management, and Administration

Marketing, Sales, and Service

Finance

Government and Public Administration

Law, Public Safety, and Security

Answers

Answer:

Marketing is interesting and makes big money

Explanation:

The career clusters that are most interesting is Marketing, Sales, and Service Option(b) is correct.

What do you mean by Career clusters?

Career clusters are gatherings of related sorts of work. They give you a simple method for investigating various types of occupations inside one general class.

Begin with one of the clusters like medical services or development to realize what it includes, latest things, and the various careers it offers. It's frequently more straightforward to change occupations and advance inside a career bunch. Relating to a bunch can assist you with building your career and pick qualifications like a professional education, specific preparation, or confirmations that will qualify you for a wide range of, yet related, positions.

Ventures are gatherings of organizations that have related exercises or items. Where career clusters incorporate various careers that share comparative information, abilities, and interests, enterprises incorporate numerous irrelevant careers. The career bunch/industry pages show the ventures and kinds of associations that commonly utilize laborers in each career group.

Therefore Option(b) is correct.

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Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
down payment and has already saved $1,300. If he can save $150 each month for this goal
to buy a car, how long will it take him to save the entire $2,500?

Answers

I believe that it will take Marcus 8 months to save 2,500 since he already has 1,300 if you subtract that from 2,500 you get 1,200 and 150 x 8 = 1,200

Roberto is self-employed. He worries that he won’t pay the right amount of taxes each year. He has decided to try to figure out what he will owe and pay a little bit to the government quarterly so he won’t be too far off when he files his tax return. What method does this MOST likely demonstrate?

A. estimated payments
B. filing taxes
C. auditing
D. withholding

Answers

A. Estimated tax payments
A. Estimated payments

Video game designers can do visual design or programming.
A.
True
B.
False

Answers

True because they literally have to do visual design and programming to make the game

2 The link that distributes a product from a supplier to the consumer is afn)
A. supply chain
B. shipping center
C. employee chain.
D. office hub.

Answers

Answer:

A. supply chain

Explanation:

The supply chain is the entire system that a manufacturer uses to deliver finished products to the intended consumers. The supply chains start from sourcing materials to the processing and distribution of finished goods to final consumers.  The supply chain managers manage the supply chain process.

The supply chain system consists of the manufacturer and some independent entities such as distributors, wholesalers, warehousing service providers, transporters, and retailers.

1. The economic system that is most indicative of Capitalism is known as a: 1 point
a. Command Economy
b. Free Market
c. Mixed Economy
d. Fascism

Answers

b. Free Market is most indicative of Capitalism

Answer:

b

Explanation:

In a cash flow statement, does "Expected monthly sales" fall under cash inflow or cash outflow?

I have this so far. Don't know if I did it correctly.

Answers

1.For each of the following, give the name of an element from Period 4 (potassium to krypton), which matches the description.
Elements may be used once, more than once or not all.. Single line text.
(1 Point)
an element that reacts with water to produce a lilac flame

2.For each of the following, give the name of an element from Period 4 (potassium to krypton), which matches the description.
Elements may be used once, more than once or not all.. Single line text.
(1 Point)
an element used as an inert atmosphere

3.For each of the following, give the name of an element from Period 4 (potassium to krypton), which matches the description.
Elements may be used once, more than once or not all.. Single line text.
(1 Point)
an element that has a valency of 3

4.Write a balanced chemical equation for the reaction between potassium and water. (Non-anonymous question). .
(1 Point)

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5.For each of the following, give the name of an element from Period 4 (potassium to krypton), which matches the description.
Elements may be used once, more than once or not all.. Single line text.
(1 Point)
an element with a fixed valency of 2 that not is not in group 2


help

A tire manufacturer has recently discovered that numerous lots of tires
produced at one of their plants over recent months used a defective synthetic
material. The result was that these tires are far too likely to rupture at much
lower air pressure levels than normal. This has led to many accidents,
including some fatalities. The company has not been able to determine why
the material was defective. Which of the following is likely to be true in this
situation?
O A. The manufacturer as a company will be liable to pay significant
amounts of money to those harmed by the defective tires.
O B. Because it is not clear why the material is defective, the
manufacturing company themselves cannot be held responsible.
C. If the company can recall all defective tires as soon as it has
discovered its fault, it will not be held liable for the accidents that
already took place.
O D. The company is obligated to find the individual responsible for the
defective material so that he or she can be punished.

Answers

Answer:

A. The Manufacturer

Explanation:

A PEXXX

Increase the selling price
Decrease the variable expenses per unit
Which of the following is NOT a
way that an entrepreneur could
increase the contribution margin
or profit of each unit sold?
Decrease the monthly fixed expenses for the business
Change how the unit is defined

Answers

Answer:

Change how the unit is defined

Explanation:

The contribution margin per unit is calculated by subtracting variable costs from the selling price. A high selling price and a low variable cost will result in a higher contribution margin per unit. Therefore, increasing the selling price and reducing variable costs will increase the contribution margin per unit.

Profit per unit is will higher if the total costs are low. Total cost is the sum of variable costs and fixed costs. Reducing the monthly fixed costs expenses results in lower total costs and higher profit per unit.

Which are examples of copyrighted online materials? Check all that apply.

an article from an Internet magazine
lyrics for a song written in the 1800s
photos taken by a student on his blog
a video game that is free for anyone to copy
an illustration sold by an artist on her website
an excerpt from a novel published in 1913

Answers

Answer:

a and d

Explanation:

Answer:

A & E

Explanation:

edge test

What is a main problem associated with getting a mortgage?
O A. The cost can be unstable and increase each year.
OB. The money invested is unlikely to increase in value.
C. The homeowner cannot modify the home in any way.
D. The initial required investment is very high.

Answers

Answer:

D.

Explanation:

I just took the test and got it correct

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