The long-run aggregate supply curve represents the amount of output an economy can produce for its available resources and technology being used at normal capacity utilization.
What is Long-Run Aggregate Supply?The long-run aggregate supply curve is defined as the amount of goods and services an economy can produce at full employment, which is often known as the natural rate of output (or, alternatively, potential output). It is vertical because it is determined solely by the economy's potential output, which is influenced by its available resources and technology but not by the aggregate price level. \
The supply curve in the long term is independent of the aggregate price level since the variables on the right side of the aggregate supply equation (Y = Y + a(P-Pe), where Y is real output, Yn is the natural rate of output, a is the adjustment parameter, P is the price level, and Pe is the expected price level) are assumed to be constant in the long run.Along with that, the long-run aggregate supply curve does not examine how prices affect the output of an economy or indicate the highest price that suppliers would be willing to accept for their products.
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Which economic system allows for private ownership of property and resources?
The "Capitalism" is that economic system allows for private ownership of property and resources.
The economic system is the system in which the production, resource, and the distribution of the products or services. The economic system has three types which are command, market and the mixed economic system.
The capitalism is the often the economic system in which for private ownership of property and resources according to their interests, demand and supply freely set the prices in the market or best interest of society.
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Scenario: Denise is 24 and living on her own. She has a job cleaning hotel rooms. She makes about $485 a week. Her monthly rent is $432. She has a car payment of $102 a month. She also has student loans from her community college with a payment of $85 a month. She has made some of her loan payments on time and missed some of her loan payments. She has two credit cards. One is maxed out with a credit limit of $5,000. The other card has a $2,800 limit with a balance of $1000.
Denise is considering going back to school to become an LPN which would double her income. The program costs $12,000. She qualified for a loan to cover the cost of the program. However, the loan will not cover living expenses while she’s in the program.
Calculate Denise's Total Monthly Income.
The monthly income of Denise after she decides to go back to school to become an LPN will be $3880.
What is monthly income?The amount of money earned or made by an individual under employment or engaged in business activities is known as the total monthly income of such individual.
Using the given information, it can be said that the salary of Denise will become $970 a week after she becomes an LPN. So, her monthly income will be 970 × 4 = $3880.
Hence, the monthly income of Denise after she becomes an LPN is aforementioned.
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during a recession, government often pursues expansionary fiscal policy. how does this affect budget balances?
Governments often pursue expansionary fiscal policy, which can lead to larger budget deficits as they increase spending and/or reduce taxes to stimulate economic growth.
The expansionary fiscal policy typically involves increasing government spending or decreasing taxes to stimulate economic growth.
As government spending increases, the budget deficit (the difference between government expenditures and revenues) can widen, since the government is spending more money than it collects in taxes. Similarly, reducing taxes can also contribute to a larger budget deficit, as the government will receive less revenue from taxpayers.
The increased budget deficit may require the government to borrow more money to finance its spending, which can lead to a rise in the national debt. In the short term, these policies aim to stimulate economic growth and reduce the negative impacts of a recession, such as high unemployment rates.
Over time, as the economy recovers, governments may shift back to a more balanced budget or implement contractionary fiscal policies to reduce the deficit and manage the national debt.
Therefore, expansionary fiscal policy can lead to larger budget deficits as they increase spending and/or reduce taxes to stimulate economic growth.
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1. Aardvaark & Co. has sales of $275,893, cost of goods sold of
$223,300, net income of $13,360, total assets of $291,500, and
current assets of $99,500. What is Aardvaark’s total asset
turnover
Total Asset Turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. It indicates how effectively a company utilizes its assets to generate sales.
The given data is as follows: Sales of Aardvark & Co. = $275,893
Cost of goods sold by Aardvark & Co. = $223,300
Net Income of Aardvark & Co. = $13,360
Total assets of Aardvark & Co. = $291,500
Current assets of Aardvark & Co. = $99,500
To calculate total asset turnover, we can use the following formula:
Total Asset Turnover = Sales / Total Assets
So, substituting the given values, we get:
Total Asset Turnover of Aardvark & Co. = $275,893 / $291,500
= 0.947 or 0.95 (rounded off to 2 decimal places)
Therefore, the total asset turnover of Aardvark & Co. is 0.95.
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Which of the following is an example of telecommuting?
A. Setting up a conference call between two different companies
B. Working from home instead of at the company's main office
C. Scheduling a meeting in the middle of the day
D. Using a computer and slideshow during a meeting
B. Working from home instead of at the company's main office
Have a great day!
An example of is Working from home instead
Telecommuting is also known as Remote work
Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.
The reason why Organization allows telecommuting are:
Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.
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How does loadshedding affect consumers in South Africa?
Answer:
The load shedding break-out caught many unsuspecting South African households unaware as little to nothing had been announced about it. Businesses, especially petrol stations without any form of back-up energy were forced to close shop for close to five hours while others quickly cranked their generators to life just to keep the lights and the pumps on. Individual households were not spared either as they were also left in the darkness. The South African Insurance Association is acutely aware of the risks that comes with such intermittent power surges to household appliances.
Explanation:
What do you think are the advantages of service business to the community
Answer:
Furthermore, service-based businesses are at an advantage because they can grow into other service offerings. Another critical advantage of service businesses is that they are less susceptible to economic downturns, which can be very common for retail and manufacturing companies.Service industries are an important part of society for a variety of reasons, including: Delivering essential services to the public: Often, service industries provide essential services to the public, such as healthcare, transportation and education.
write a sample audit question from the following process
criteria purchasing process (procedure 3.2) states: "all purchases
must be made from an approved supplier"
1. Is there a list of approved suppliers available for reference during the purchasing process?
2. Have any purchases been made from a non-approved supplier? If so, what was the justification for doing so?
3. Is there a process in place for updating the list of approved suppliers?
4. Are there formal reviews for assessing supplier performance?
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answer:
the answer is planning, ensuring, and acting
When an individual withdraws funds from a checking account the: Select one: a. bank's balance sheet shrinks but the size of the Fed's balance sheet increases. b. size of the bank's balance sheet stays the same but the size of the Fed's balance sheet shrinks. c. bank's balance sheet shrinks but the size of the Fed's balance sheet is not affected. d. bank's balance sheet shrinks and so does the Fed's balance sheet.
Answer:
c. bank's balance sheet shrinks but the size of the Fed's balance sheet is not affected
Explanation:
In the case when an individual withdraws the amount from the checking account so the balance sheet of the bank should shrink but overall the size of the balance sheet of fed is not impacted
So according to the given situation, the option c is correct
Hence, the same should be considered
what sentence describes the human resources department?
1. "he builds strategies to deal with the challenge that the business faces due to the changing economic policies of the government, and market competition"
2. "he ensures that all of the company's activities and policies comply with the labor laws"
3. "he uses software applications to track production of goods. he also tried to target and reach the right custumers"
Answer:
Sentence 1 "he builds strategies to deal with the challenge that the business faces due to the changing economic policies of the government, and market competition" does not describe the human resources department specifically. It describes a management role in general, and some responsibilities may be shared between different departments such as finance, operations, marketing, etc. However, the HR department could be involved in strategizing how to manage the human capital of the company in light of the external challenges that the business is facing. The human resources department plays an important role in aligning the workforce with the business goals and objectives, and in creating policies and procedures to ensure that the company is able to adapt to changes in the external environment.
Sentence number 2 "he ensures that all of the company's activities and policies comply with the labor laws" describes the human resources department. The Human Resources department is responsible for ensuring that the company complies with labor laws and regulations, and is also responsible for managing the company's employees, including hiring, training, and benefits. The HR department also plays a key role in creating policies and procedures to ensure that the company is a fair and equitable workplace.
Sentence 3 "he uses software applications to track production of goods. he also tried to target and reach the right customers" does not describe the human resources department specifically. It describes a manufacturing or operations role, or a role in sales and marketing. The Human Resources department is responsible for managing the company's employees, including hiring, training, and benefits. The HR department also plays a key role in creating policies and procedures to ensure that the company is a fair and equitable workplace. It also ensures that the company complies with labor laws and regulations and also helps in aligning the workforce with the business goals and objectives.
Explanation:
Consider the following population regression model: Yi=β0+β1log(X1i)+β2log(X2i)+ϵi,i=1,…,N Consider the following population regression model: Yi=β0+β1log(X1i)+β2log(X2i)+ϵi,i=1,…,N This model is linear in the variables. This model is nonlinear in the variables. This model's parameters can not be estimated by OLS. This model's parameters can be estimated by OLS. Both (b) and (d) are correct answers.
Consider the following population regression model: $Y_i=\beta_0+\beta_1\log(X_{1i})+\beta_2\log(X_{2i})+\epsilon_i, i = 1,...,N$. The parameters of this model can be estimated by OLS.
Therefore, the correct option is (d)OLS (Ordinary Least Squares) is one of the methods used for the estimation of model parameters in regression analysis. It's also known as linear regression analysis. In this method, the values of parameters are chosen in such a way that they minimize the sum of squared residuals (the difference between the actual values of dependent variable and predicted values).OLS is generally used to estimate the parameters in linear models, but it can also be used for certain nonlinear models. The model given in the question is a population regression model, which means it represents the relationship between the dependent variable Y and the independent variables (log X1 and log X2) for the entire population. Since this model is linear in the variables, its parameters can be estimated by OLS.In conclusion, option (d) is the correct answer.
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Heidi purchased a hundred-thousand pesos worth of land to be settled through monthly installment. The interest rate is 12% nominal and payable in 20 years. What will be the monthly amortization?
The monthly amortization for the land purchase will be approximately 944.91 pesos.
To calculate the monthly amortization for the land purchase, we need to use the formula for the monthly payment on an amortizing loan:
A = (P * r * (1 + r)^n) / ((1 + r)^n - 1)
Where:
A = Monthly payment (amortization)
P = Principal amount (land purchase price, 100,000 pesos)
r = Monthly interest rate (12% nominal rate divided by 12 months, or 0.12/12)
n = Total number of payments (20 years multiplied by 12 months, or 20 * 12)
Substituting the given values into the formula:
A = (100,000 * (0.12/12) * (1 + (0.12/12))^(2012)) / (((1 + (0.12/12))^(2012)) - 1)
Calculating the monthly amortization:
A = (100,000 * 0.01 * (1 + 0.01)^(240)) / (((1 + 0.01)^(240)) - 1)
A = (1,000 * 1.01^(240)) / ((1.01^(240)) - 1)
A ≈ 944.91 pesos
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Timberly Construction makes a lump-sum purchase of several assets on January 1 at a total cash price of $820,000. The estimated market values of the purchased assets are building, $480,000; land, $249,600; land improvements, $48,000; and four vehicles, $182,400. Required: 1-a. Allocate the lump-sum purchase price to the separate assets purchased. 1-b. Prepare the journal entry to record the purchase. 2. Compute the first-year depreciation expense on the building using the straight-line method, assuming a 15-year life and a $32,000 salvage value. 3. Compute the first-year depreciation expense on the land improvements assuming a five-year life and double-declining-balance depreciation. 4. Compared to straight-line depreciation, does accelerated depreciation result in payment of less total taxes over the asset's life?
To allocate the lump-sum purchase price to the separate assets purchased, you should first calculate the total estimated market value of all assets and then determine the percentage each asset represents. Finally, apply these percentages to the total cash price of $820,000.
Total market value:
$480,000 (building) + $249,600 (land) + $48,000 (land improvements) + $182,400 (vehicles) = $960,000
Percentage allocation:
Building: $480,000 / $960,000 = 0.50
Land: $249,600 / $960,000 = 0.26
Land improvements: $48,000 / $960,000 = 0.05
Vehicles: $182,400 / $960,000 = 0.19
Allocated purchase price:
Building: $820,000 x 0.50 = $410,000
Land: $820,000 x 0.26 = $213,200
Land improvements: $820,000 x 0.05 = $41,000
Vehicles: $820,000 x 0.19 = $155,800
1-b. Journal entry to record the purchase:
Building - $410,000
Land - $213,200
Land Improvements - $41,000
Vehicles - $155,800
Cash - $820,000
2. To compute the first-year depreciation expense on the building, use the straight-line method with a 15-year life and a $32,000 salvage value:
( $410,000 (cost) - $32,000 (salvage value) ) / 15 years = $25,200
3. To compute the first-year depreciation expense on the land improvements, use the double-declining-balance method with a five-year life:
(2 / 5 years) x $41,000 (cost) = $16,400
4. Accelerated depreciation (such as double-declining-balance) results in higher depreciation expenses in the initial years of the asset's life, which reduces taxable income and taxes paid in those years. However, over the entire life of the asset, the total depreciation and taxes paid remain the same compared to the straight-line method. The main difference is the timing of the tax payments.
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conflict is inevitable and can be desirable part of project work. true or false?
True, conflict is inevitable and can be a desirable part of project work. It arises due to differences in opinions, goals, or priorities among team members.
Work refers to the physical or mental effort exerted by individuals to achieve specific tasks or goals. It can encompass a wide range of activities performed in various sectors, such as business, education, healthcare, technology, and more. Work provides individuals with a means to earn a livelihood, contribute to society, and develop skills and expertise. It can be performed independently or in collaboration with others, and it often involves problem-solving, decision-making, and the application of knowledge and skills. Work plays a significant role in personal fulfillment, professional development, and the overall functioning of societies.
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a company has designed a new product and tested the prototype. what is the next step in product development?
Answer:
They have to test it before it can be put out on the market
Darcy is a new manager in a large consulting firm. As one of her first task she needs to set goals for her team
Answer: Bottom-up
Explanation:
Bottom-up also known as top down approach, is the approach of going from general to the specific, also from specific to the general. They are possible approach for a wide range of endeavors such as goal getting, forecasting and setting busgets
Darcy can use the Bottom-up approach to set up her team.
Question 19 of 24
Jamaal and Janine are saving money for their wedding and honeymoon in
two years. This is an example of a savings goal.
A. medium-term
B. short-term
C. long-term
D. lifelong
Jamaal and Janine are saving money for their wedding and honeymoon in two years. This is an example of a medium-term savings goal. Option A is correct.
What is a medium term goal?It corresponds to a strategic or economic goal to achieve certain objectives, which can be personal or professional and comprise a period of 1 to 5 years.
Therefore, Janine and Jamaal's plan to save for the wedding and honeymoon in 2 years corresponds to a medium-term goal and is positive for saving money to achieve the couple's goals.
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Consumer surplus in a market for a product would be equal to ________ if the market price was zero.
Consumer surplus in a market for a product would be equal to the area under the demand curve if the market price was zero.
Customer surplus, also known as the market price, is the difference between the maximum price a consumer is prepared to pay and the amount they actually pay for the commodity.
The economic concept of marginal utility, which is the additional enjoyment a customer receives from purchasing one more unit of an item or service, serves as the foundation for consumer surplus. Consumer surplus always rises as a good's price falls and falls as a good's price rises.
Excess of the good will be present on the market if a price floor is set higher than the price at which a free market will find equilibrium. A price floor will also result in a less effective market and a smaller overall surplus.
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Competition-baed pricing i alway etting price that i oppoite on the price offered by competitor. I it true or fale ?
False. Competitor-based pricing is just one of the many pricing strategies used by companies.
It involves analyzing the prices of similar products or services offered by competitors and setting prices accordingly. The goal is to stay competitive in the market and remain attractive to customers.
However, blindly setting prices based solely on what competitors are offering may not always be the best approach. Companies should consider various factors such as production costs, target customer segments, brand image, and so on, before setting their prices.
A sustainable pricing strategy should balance the need to remain competitive with the need to generate sufficient revenue to cover costs and achieve profitability.
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Johnston, Inc., engaged in the following transactions involving treasury stock.
Feb. 10 Purchased for cash 17,000 shares of treasury stock at a price of $31 per share.
June 4 Reissued 6,000 shares of treasury stock at a price of $34 per share.
Dec. 22 Reissued 4,000 shares of treasury stock at a price of $22 per share.
a. Prepare general journal entries to record these transactions.
Answer and Explanation:
The journal entries are shown below
On Feb 10
Treasury stock Dr (17,000 shares × $31) $527,000
To cash $527,000
(Being the treasury stock purchased for cash is recorded)
On June 4
Cash (6,000 shares × $34) $204,000
To Treasury stock (6,000 shares × $31) $186,000
To Additional paid in capital - Treasury stock (6,000 shares × $3) $18,000
(being the reissuance of the treasury stock is recorded)
On Dec 22
Cash (4,000 shares × $22) $88,000
Additional paid in capital - Treasury stock (4,000 shares × $9) $36,000
To Treasury stock (4,000 shares × $31) $124,000
(being the reissuance of the treasury stock is recorded)
Tim Horton wants to raise funds to open a branch of their coffee shop in Trinidad. To raise the funds, Tim Horton would sell bonds 100 $1,000 par value with a coupon interest rate of 6%. The bonds would mature in 15 years and interest would be paid semi-annually. The required rate of return is expected to be 8%.
Requirement:
a) Calculate the value of one bond
b) What is the total amount Tim Horton would raise if all bonds were sold?
Answer:
a) The value of one bond is $837.08.
b) The total amount Tim Horton would raise if all bonds were sold is $83,708.
Explanation:
a) Calculate the value of one bond
This can be calculated as follows:
Annual coupon = Bond face value * Coupon interest rate = $1,000 * 6% = $60
Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)
Where;
r = required semi-annual rate of return = required annual rate of return / number of semi-annual in a year = 8% / 2 = 0.08 / 2 = 0.04
n = number of semi-annuals = number of years * number of semi-annual in a year = 15 * 2 = 30
Substituting the values into equation (1), we have:
Semi-annual coupon discount factor = ((1-(1/(1 + 0.04))^30) / 0.04) = 17.2920333006645
Present value of coupon = ((Annual coupon / number of semi-annual in a year) * Semi-annual coupon discount factor) = (($60 / 2) * 17.2920333006645 = $528.76
Present value of the face value of the bond = Face value of the bond / (1 + r)^n = ($1,000 / (1 + 0.04)^30 = $308.32
Therefore, we have:
Bond value = Present value of coupon + Present value of the face value of the bond = $528.76 + $308.32 = $837.08
Therefore, the value of one bond is $837.08.
b) What is the total amount Tim Horton would raise if all bonds were sold?
Number of bonds expected to be sold = 100
Value of one bond = $837.08
Total amount that would be raised = Number of bonds expected to be sold * Value of one bond = 100 * $837.08 = $83,708
Therefore, the total amount Tim Horton would raise if all bonds were sold is $83,708.
If you borrow $421 for 9 years at an interest rate of 4%, how much interest will you pay?
I will assume it as simple interest as nothing is mentioned
SI = (P × R × T)/100
SI = (421×4×9)/100
SI = 15156/100
SI = 151.56
You will pay $151.56
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Which of the following statements is correct? The dead weight loss caused by monopoly
1. Who was Macbeth????????????
Answer:
Macbeth, fully The Tragedy of Macbeth, is a tragedy by William Shakespeare. It was probably first performed in 1606. It was first published in the Folio of 1623, possibly from a prompt book, and is Shakespeare's shortest tragedy. Macbeth is a Scottish general who has been fighting for King Duncan.
A consumar has an income of $200 week. There are two goods: food anti shelter and their pricns are $4 Ab and $10 sq yd, respectively. Which of the following statements is False? A. The bundie (25,12) belongs to the affordable set. 8. The bundle (20,10) is allordable. C. The bundie (15,15) is unaflordable. D. The bunde (15,14) is on the budget ine.
The false statement is C. The bundle (15,15) is unaffordable.
Given that the consumer has an income of $200 per week, we can determine the affordability of different bundles based on their prices. The bundle (25,12) belongs to the affordable set because the total cost of the bundle is (25 * $4) + (12 * $10) = $100 + $120 = $220, which is greater than the consumer's income of $200. So, statement A is false.
The bundle (20,10) is affordable as the total cost is (20 * $4) + (10 * $10) = $80 + $100 = $180, which is less than the consumer's income. Therefore, statement B is true.
The bundle (15,15) is unaffordable as the total cost is (15 * $4) + (15 * $10) = $60 + $150 = $210, which exceeds the consumer's income. Hence, statement C is false.
The bundle (15,14) is on the budget line, which represents the combinations of goods that can be purchased with the given income. Since the total cost is (15 * $4) + (14 * $10) = $60 + $140 = $200, it matches the consumer's income. Therefore, statement D is true.
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The false statement is C. The bundle (15,15) is unaffordable. Given that the consumer has an income of $200 per week, we can determine the affordability of different bundles based on their prices.
The bundle (25,12) belongs to the affordable set because the total cost of the bundle is (25 * $4) + (12 * $10) = $100 + $120 = $220, which is greater than the consumer's income of $200. So, statement A is false.
The bundle (20,10) is affordable as the total cost is (20 * $4) + (10 * $10) = $80 + $100 = $180, which is less than the consumer's income. Therefore, statement B is true.
The bundle (15,15) is unaffordable as the total cost is (15 * $4) + (15 * $10) = $60 + $150 = $210, which exceeds the consumer's income. Hence, statement C is false.
The bundle (15,14) is on the budget line, which represents the combinations of goods that can be purchased with the given income. Since the total cost is (15 * $4) + (14 * $10) = $60 + $140 = $200, it matches the consumer's income. Therefore, statement D is true.
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Can someone just help me writing the EXECUTIVE SUMMARY, I will give you 50 points. I swear. Please helppppppppppppppppppppp.
Business owners and entrepreneurs have to make major decisions every single day that impact the well-being of their company and life—what decisions do you make on a daily basis that may have a huge impact on your life? Explain and discuss.
Business owners and entrepreneurs enterprise proprietors and entrepreneurs need to make important choices every single day that impact the well-being of their corporation and lifestyles.
The organization owner needs to approve the standards and strategies for hiring the ablest personnel. He should additionally make alternatives approximately job descriptions, employee roles, and responsibilities. additionally the agency owner has the very last say on topics that include compensation and advantages structures for his employees.
As a manager, many of your commercial enterprise decisions might also have an effect on personnel and customers. Your selections can affect a worker's getting to know and schooling, paintings-life-style stability, productiveness, fitness, and interplay with clients.
Reason-putting is the primary and essential step in making plans manner. goals are described at the organizational, branch, and man or woman level and are intended to be finished in the future in a specific term. An aim may be a quick-time period, mid-time period, or lengthy-time period.
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true or false? agency professionals must contact amazon to request access to their client's seller central account.
The given statement "agency professionals must contact amazon to request access to their client's seller central account." is true because Amazon has a specific process for granting access to a client's seller central account and the account owner must authorize access to the agency professional.
In order to gain access to a client's seller central account on Amazon, agency professionals must contact Amazon and request access. Amazon has a specific process in place for this, and the account owner must authorize access to the agency professional. Unauthorized access to an Amazon seller central account can result in account suspension or other penalties.
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What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
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