# What should a consumer consider when shopping for a credit card? Check all that apply. 1) the down payment that is required 2) the initial fees to open the account 3) the fees charged for late payments 4) the kind of collateral that is required 5) the annual percentage rate for the card

Answer: The factors that a consumer should check for while shopping for credit card are:
1. The initial fees to open the account.
2.The fees charged for late payment.
3. The annual percentage rate for the card.
One need to get these information and compare the values among different banks in order to be able to choose one that will be suitable for one's needs.

The answers are 2,3,5 on Edge

## Related Questions

Describe key services that the financial system provides to savers. A. Economies of scale of information B. Liquidity C. Risk sharing D. All of the above

A Economies of scale

B liquidity

Explanation:

Economies of scale of information occurs when a firm cuts cost leading to an increase in production.  When more units of a good or service can be produced on a larger scale, with fewer input costs, economies of scale are said to be achieved.

Liquidity is defined as the ability to convert assets into a spendable form--money--quickly. It could also be defined the degree to which an asset or security can be quickly bought or sold in the market at a price reflecting its intrinsic value. In other words: the ease of converting it to cash.

On January 1,2013, James Company reported total current assets of \$658,000 and total current liabilities of \$365,000. During the year, James purchased \$2,000 worth of equipment for cash, paid \$560 towards salaries, and borrowed \$80,000 from its bank to be repaid after 5 years. Compute James' working capital as of December 31, 2013. A. \$293,000
B. \$335,400
C. \$370,440
D. \$290,440

Explanation:

Total current assets = \$658,000

Current Assets = total current assets - purchased equipment - salaries paid + Borrowings

= \$658,000 - \$2000 - \$560 + \$80000

= \$735,440

Total current liabilities = \$365,000

Working Capital of James as on December 31, 2013:

= Current Assets - Current Liabilities

= \$735,440 - \$365,000

= \$370,440

The Vintage Laundry Company purchased \$6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only \$1,000 on hand. Which of the following is an adjusting entry on June 30 is _______. a) debit supplies expense, \$1,000; credit supplies, \$1,000.
b) debit supplies, \$5,500; credit supplies expense, \$5,500.
c) debit supplies, \$1,000; credit supplies expense, \$1,000.
d) debit supplies expense, \$5,500; credit supplies, \$5,500.

The market price of pizzas in a college town increased recently, and the students in an economics class are debating the cause of the price increase. Some students suggest that the price increased because the price of dough, an important ingredient for making pizzas, has increased. Other students attribute the increase in the price of pizzas to a recent increase in the price of hamburgers at local burger joints.Everyone agrees that the increase in the price of hamburgers was caused by a recent increase in the price of ground beef, which is not generally used in making pizzas. Assume that pizza parlors and burger joints are entirely separate entities—that is, there aren't places that serve both pizzas and hamburgers.The first group of students thinks the increase in the price of pizzas is due to the fact that the price of dough, an important ingredient for making pizzas, has increased.On the following graph, adjust the supply and demand curves to illustrate the first group’s explanation for the increase in the price of pizzas.

Supply curve shifts to the left

Explanation:

Prices for the goods concerned:

When the amount of energy used to achieve a good increase would decrease the sellers ' propensity to provide the same volume at a given price and the supply curve shifts to the left.

Holding everything else the constant, the supply curve will shift to the inside (left), with the increased production costs representing this.

Lower costs lead to increased production, the supply curve pushed to the outside (to the right), and a large quantity will be sold by the producer at each price level.

What will happen to the equilibrium price and quantity of traditional camera film if traditional cameras become more expensive, digital cameras become cheaper, the cost of the resources needed to manufacture traditional film falls, and more firms decide to manufacture traditional film? a.Price will fall, and the effect on quantity is ambiguous.
b.Price will rise, and the effect on quantity is ambiguous.
c.Quantity will fall, and the effect on price is ambiguous.
d.Quantity will rise, and the effect on price is ambiguous.

a.Price will fall, and the effect on quantity is ambiguous.

Explanation:

If traditional cameras became more expensive, quantity demanded would reduce.

If the price of digital cameras fell, the quantity demanded of digital cameras would increase. The demand for traditional cameras would fall as more customers would substituite traditional cameras for digital cameras. The demand curve would shift to the left.

If the cost of the resources needed to manufacture traditional film falls and more firms decide to manufacture traditional film, supply would increase and the supply curve would shift to the right.

The combined effect of the leftward shift of the demand curve and the rightward shift of the supply curve would cause equilibrium price to fall and effect on equilibrium quantity would be ambiguous.

I hope my answer helps you

The broker is acting as a transaction broker. as a transaction broker, he/she is:

The broker is acting as a transaction broker. As a transaction broker, he/she is:

not responsible for any part of the closing
responsible for all aspects of the closing
to let the seller beware
responsible for all aspects of the closing

The green giant has a 7 percent profit margin and a 66 percent dividend payout ratio. the total asset turnover is 1.6 and the equity multiplier is 1.6. what is the sustainable rate of growth?

The equation: Sustainable Growth Rate = ROE x (1 - dividend-payout ratio); where ROE is Return on Equity

ROE = Profit Margin(Net income/Sales) x Total Asset Turnover(Sales/Total Assets) x Equity Multiplier(Total Assets/Avg Stockholder's equity)

Solution: Sustainable rate of growth=.07 x 1.6 x 1.6 x (1-.66) =

0.1792 x 0.34=0.060928    or 6.0928%

Jenny is revising her term paper before submitting it to her professor for grading. She is currently asking herself whether the message uses you-attitude and positive emphasis. She is also focusing on whether her message builds goodwill. On which of the following aspects of her paper is Jenny primarily focusing?A. ContentB. ClarityC. StyleD. OrganizationE. Layout

The correct answer is letter "C": Style.

Explanation:

The style of a message depends on the purpose of why the speech needs to be given. Focusing on the style, the speaker must pay attention to the type of voice being transmitted, whether the central idea will be transmitted at the end or the beginning of the speech, and if the message is assertive, aggressive, passive or manipulative.

If the contribution margin ratio for domino company is 35%, sales were \$2,100,000, and fixed costs were \$400,000, what was the income from operations?

Hi there

income from operations=
Sales-(fixed+variable) cost

So we need to variable cost
Variable cost=
Sales-Contribution margin

Contribution margin=
2,100,000×0.35
=735,000

Variable cost=2,100,000−735,000
=1,365,000

Income from operation
2,100,000−(400,000+1,365,000)