Which of the following is a disadvantage of credit OR buying on using credit? *   a Instant enjoyment   b Emergencies   c Convenience     d Impulse buying Savings

Q: Which of the following is true about M-Pesa

A: Out of the given options, a. virtual cash can be swapped and transferred between mobile users with a…

Q: Describe in detail and critique two of the following “savings” ideas(include works cited):…

A: Timeline vs Intensity (Afford Anything):According to the Timeline vs. Intensity idea, which was made…

Q: _2. An existing line of credit that a consumer can use at a store is called an acquisition account.

A: an existing line of credit that a consumer can use at a store is not called an acquisition account

Q: To increase Prepaid Insurance a credit entry is needed. Select one: O True False

A: Assets are the resources owned by company. It has debit balance. Example:- Cash, accounts…

Q: Retail B2C Retail B2B (buisness to business) which of the following is likely to have a higher…

A: Retail B2C are those transactions which are mostly made by seller to consumer of the products or…

Q: 21. Open account credit is a credit facility offered by retailers or financial institutions which…

A: Open credit is a financial contract between a lender and a borrower that allows the latter to obtain…

Q: Assume you are offered credit terms from a store you frequently visit. Which of the following credit…

A: We should opt for the payment terms that gives us highest discount and maximum discount period with…

Q: Say you were hired to do marketing for a bank. You are expected to market the great interest rates…

A: for marketing a loan it would be more appealing to advertise the APR  The APR, which is usually…

Q: Discussion Topic Think about two important aspects of financial planning: insurance and investments.…

A: Insurance and investment both are essential components of one's financial planning for the future.…

Q: Describe each of the different types of credit card rewards programs. Which one do you like best and…

A: Some credit card gives incentives to the cardholders in the form of  credit card rewards. Credit…

Q: Market value of your work wardrobe A L CI CO The outstanding A balance on your mortgage L CI CO Your…

A: Assets are the resources owned by an entity. These are held by an entity for using them in the day…

Q: Nowadays, lenders are using credit scoring tool to analyze consumer loans. Discuss its advantageous.

A: Introduction : A credit scoring model can be understood as the risk management instrument that…

Q: Prepaid Card Gift Card Peer-to-Peer Payment App Mobile Wallet a. A stores money that can be used to…

A: Customers pay for a product or service using one of several payment methods. Cash, gift cards,…

Q: Consumers should comparison shop for credit just as they would for any other consumer good or…

A: The objective of the question is to understand the relationship between a consumer's stage of the…

Q: Answer true or false no need explanation.   1. Most thru -hiker have a good understanding of their…

A: A recession is a time period when the economy of the country faces a heavy downfall. This downfall…

Q: According to Dave Ramseys seven baby steps plan. What would be the pros and cons of using a credit…

A: Dave Ramsey’s seven baby steps plans consists of plans which make an individual financially…

Q: Consumer loans, by this definition: Some of the most expensive Least borrower-friendly More are…

A: A loan that is given by financial institutions to consumers to fulfil their needs is known as a…

Q: Discuss all the advantages and disadvantages of availing auto loan

A: Auto loan is availed by a person when the person is buying a new car and need to get it financed due…

Q: 1. Which one of the following stores offers the best credit terms if you do not plan on taking the…

A: Discount offers are provided to motivate the borrower/debtor to make payment early.

Q: What kind of discount is designed to encourage prompt payment from customers? O Cash Discounts O…

A: Answer:-  Discount meaning:- A discount is the sum that is subtracted from the marked price; it…

Q: If a company is able to estimate the rate of redemption for gift cards, they should use the ________…

A: The objective of the question is to identify the appropriate accounting method for breakage when a…

Q: Discussion Topic Consumers are often faced with making large purchases to satisfy life's basic…

A: Products are purchased on the credit because buying on credit is very easy and convenient because…

Q: Which of the following wouldn’t save you money on your auto insurance premium? * a. Decrease your…

A: The ways where insurance premium can be saved 1. Bundling the insurance with other policies 2.…

Q: QUESTION 7 Say you were hired to do marketing for a bank. You are expected to market the great…

A: Since question number 8 is already done, the Only answer to question number 7 will be provided.

Q: Why do businesses or individuals considering giving you credit look at to-income" ratio? OA. They…

A: Having a good credit score is important for every individual. Good credit score increases the…

Q: All credit cards are not alike, nor are all spenders alike. When you are deciding which credit card…

A: The objective of the question is to determine the best credit card option for Larry, who is not a…

Q: Which one of the following combinations relating to the above statements is correct?

A: (1) Businesses should deny credit to customer to eliminate the costs of collecting trade…

Q: They can help you afford a vehicle, but you risk losing the car if you miss payments. This type of…

A: There are different types of loans that can be issued by banks, but some specific loans can also be…

Q: The two types of personal loans are Installment Loans and Demand Loans. True False

A: Introduction : In simple words, personal loans refers to the loans which are given to the borrower…

Q: 1. Money wasters include: A. Toothpaste B. Groceries C. Rent D. All of these E. None of these   2.…

A: Money wasters include:Option E is correct: None of theseNone of the options provided (toothpaste,…

Q: In your opinion, do the following Bank Products fall into a Routine, Limited or Extensive product…

A: Routine, limited, and extensive are categories used to describe the level of complexity and…

Q: Debit Cash Credit Other Financing Sources What does this journal entry mean?

A: The meanings  of different journal entries are presented hereunder :

Q: what is credit and why is it important how do you build your credit how do you check your credit…

A: Credit is a very important part of meeting one’s personal financial objective. It is used by…

Q: What does a high credit score mean? The person is considered a higher risk and less likely to pay…

A: A credit score evaluates a person's creditworthiness, or ability to repay debt. It is commonly…

Q: MATCH WITH BEST ANSWER Accounts Receivable Insurance Having a client that does not pay can leave…

A: Accounts Receivable: It refers to the amount owed to a company by the external debtors of the…

Q: Question 7 Select the item that would be only a soft inquiry on your credit report. a car dealer…

A: Soft inquiry is the inquiry done by someone you give permission to check your credit history. It is…

Q: Fully understanding the contract terms of a loan or credit card is... Select one O A. Not very…

A: Understanding contract terms: It's important to fully understand the terms of a loan or credit card…

Q: So-called "payday loans" are targeted primarily at "poor people" O True O False QUESTION 43 Term…

A: Pay-day loans are short-term loans that allow the person to borrow until the next payday. The…

Q: Which of the following credit terms would be more generous to your customers:  n/30 or n/eom?

A: The answer for the question on credit term is discussed hereunder :

Q: Which of the following credit card options would be the MOST difficult to get approved while in the…

A: Co-signed card is type of card in which 2 individuals hold the card joint like a joint bank account…

Q: Which one of the following will decrease the value of a firm's net working capital? Multiple Choice…

A: Working Capital refers to the company's current assets less current liabilities. Current assets…

Q: Advantage and disadvantages of letters of credit and bankers acceptance.

A: Letter of credit is a letter in which the banks take the guarantee of the buyer that the buyer will…

Q: What Are Consumer Loans? (1 of 2) Consumer loans Any loan to a consumer, including mortgages, car…

A: Introduction : In simple words, loans refers to the amount that one entity gives to the other entity…

Q: 4) Describe the difference between a hard inquiry and a soft inquiry. Give an example of each and…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Sources of repayment for a loan include all of the following EXCEPT: OA Sole of older equipment OB…

A: Sources of Repayment of loan: Banks probably classify three sources of repayment: the primary source…

Q: Service charge expense on credit cards reduces the amount recorded as sales revenue. ○ True O False

A: Service charge expenses on credit cards are typically recorded as an expense separate from sales…