Unit 8 Critical Thinking Question 1. What are the advantages of consumer credit?

2. What are the disadvantages of consumer credit?

3.What are some factors that influence a person's credit rating or their ability to get credit? How do
each of these factors influence the extension of credit?

4. What are three different cards that someone might have in their wallet? Describe each type of
card. How do these cards differ from each other?

5. How does the use of credit influence businesses and the economy?

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.

An object that is clicked on and takes the presentation to a new targeted file is done through a

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right