Answer:
$3,000 per month
Explanation:
If an owner paid himself or a business paid to his owner this type of cost referred to as implicit cost.
In the case of Krista, she is an owner of a business of selling Coffee and also works at her business place as a barista and paid herself $3,000 per month.
So, $3,000 paid as a barista to her self called Implicit cost for the business.
Option A is correct.
Credit cards charge the highest interest rates.
Further explanation:
Credit card:
Credit card is issued by financial institutes such as banks. A credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and spend the funds as per their requirements. A credit card can be used for the purchase of goods and services. A credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.
Justification for the correct and incorrect answer:
A
Credit cards: This option is correct.
Credit cards are used for the purchase of products or services. Credit card charges the highest rate of interest than the mortgage loans or any other loans.
B
Cashier's checks: This option is incorrect.
Cashier’s checks are a check guaranteed by the bank or financial institution. They are mainly required by the brokerage transactions. They also charge a high rate of interest but not more than the credit card’s rate of interest.
C
Pre-paid cards: This option is incorrect.
Pre-paid cards include MasterCard, Visa, and American express, these can be used anywhere for purchasing any item like shopping or goods purchased. And pre-paid cards charge the lowest rate of interest for loading the amount in the card.
D
Payday loans: This option is incorrect.
A payday is a small amount of loan taken for any purpose. Payday loans are expensive but they do not charge a high rate of interest than the credit cards. They charge a high rate of interest depending upon the income of the borrower for taking short-term loans.
Thus, credit cards charge the highest interest rates.
Learn more:
1. Common credit card fee
2. Charging fee in case of credit card
3. Consequences of non-payment of monthly credit card payment
Answer details:
Grade: High School
Subject: Business studies
Chapter: Money and banking
Keywords:Which payment method typically charges the highest interest rates, Credit cards, Cashier's checks, Pre-paid cards, Payday loans, MasterCard, Visa, American express, lower, loading, amount, short-term, high rate of interest.
Answer:
Minimize
Explanation:
The tax liability is the amount of money that an individual, an organization or an institution owes to the government, and has to pay for the profits he has made in the current year. Through proper planning you can minimize your tax liability, how´s this?, well you can buy things and declare them, or you can donate a certain amount of money to a charity tht you choose, in order to save some tax dollars or at least send them where you think they could serve better.
You can minimize your tax liability through proper financial planning.
There are a number of deductions and credits that you may be eligible for, such as the mortgage interest deduction, the child tax credit, and the earned income tax credit.
You can reduce your tax liability by timing your income and expenses so that you have more deductions in one year and less deductions in another year.
There are a number of tax-advantaged accounts available, such as 401(k)s, IRAs, and HSAs. These accounts allow you to save money for retirement or other goals without having to pay taxes on your contributions or earnings.
Find out more on tax liability at brainly.com/question/16950901
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b. False
Answer: (A) True
Explanation:
Yes, the given statement is true that the modern environment is working with the business for promoting the sustainable development.
The sustainable development is the term which refers to the development for meets the present needs or requirement without compromising the future generation needs.
The modern environmentalism is refers to the cultural and the intellectual development in the environment and it helps in the improving the natural environment.
Modern environmentalism indeed works with businesses to promote sustainable development. Thus, the given statement is true.
Recognizing the importance of environmental stewardship and the need to address pressing environmental challenges, many businesses have adopted sustainability practices and initiatives. Environmental organizations collaborate with businesses to encourage responsible resource management, reduce environmental impact, and promote sustainable practices throughout supply chains.
These partnerships aim to balance economic growth with environmental protection, considering long-term sustainability and the well-being of both people and the planet. By working together, environmentalists and businesses can drive positive change, foster innovation, and create a more sustainable future.
Thus, the given statement is true.
Learn more about Modern environmentalism here:
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