Ronnie walked into the electronics store and fell in love with a stereo speaker. The speaker cost $500. Since Ronnie only had $ 60, he decided to use his credit card to purchase the $500 speaker.

In two or more complete sentences explain whether or not Ronnie’s purchase is an example of an impulse purchase?

This is most definately an impulse purchase because Ronnie had not planned to buy the stereo speaker, but had a impulse to buy it even  when he didn't have the money. Had he already decided he wanted the stereo and went to the store to buy it that would not be an impulse purchase it would be a planned purchase.

hope this helps mark me brainliest if it helped

Hi the other guys answers is right i just did this so you could mark him brainlest.

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the monthly balance will be $75,000