1. Which best describes how a credit card works?
a. The credit card company extends you a line of credit. You then pay a
small percentage of the cost of those purchases in one annual payment.
b. The credit card company extends you a line of credit. You purchase
"stuff" and the purchase gets directly paid with funds in your checking
account.
C. The credit card company extends you a line of credit. This is free money
that you can use to purchase the "stuff" that you need.
d. The credit card company extends you a line of credit. You purchase
"stuff" and then have the choice to pay the balance in full or a minimum
payment each month.

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?