How do credit card companies make money?
O (A) Fees and interest paid by cardholders
O (B) Investing your credit card debt
O (C) Fees paid by merchants
O All of them
O A and B
O A and C
OB and C
Answer:
A and C
Explanation:
Credit card companies get their income form the following three main sources
Interest paid by cardholdersFees charged to cardholders' credit cards.transaction charges paid by merchants who accept credit cardsInterests form the bulk of income to the card companies. Typically charge interest arises when customers carry a balance from a month to the next. Fees charged include annual fees, late fees, cash advance fees, balance transaction fees, among others. Merchants usually pay a percentage for every transaction conducted via a credit card. The percentage ranges between 1% to 3 %.
Mark receives $400 per week for salary as a sales associate. His quota is $2750 and his commission is 10%. This week, Mark sold $29,000 in merchandise, $1800 of which was returned. calculate his gross pay.
Answer:
$3,120
Explanation:
A sales quota is the minimum volume a salesperson is expected to move to earn commissions.
Mark's quota is $2750
In the week, mark sold $29,000, but $1,800 was returned. The net sales were: $29,000 - $ 1,800 = $27,200
Mark is a 10% commission. The commissions will be 10% of net sales
=10/100 x $27,200
=0.1 x $27,200
=$2,720
gross pay will be weekly earnings plus commissions
=$400 +$2,720
=$3,120
A scientist has samples of both nitrogen (N2) and hydrogen (H2). Both of these substances are odorless, colorless gases at room temperature. The scientist places the samples into a closed flask and heats the flask. A colorless gas that has a strong odor forms. Which of these best describes what happened?'
A.
A mixture formed when nitrogen and hydrogen combined.
B.
A pure substance that is chemically identical to both nitrogen and oxygen formed.
C.
A new compound formed when nitrogen and hydrogen chemically reacted.
D.
A new element formed when oxygen and nitrogen atoms turned into new kinds of atoms.
Answer: C. A new compound formed when nitrogen and hydrogen chemically reacted.
Explanation:
Due to the temperature increase, the atoms of both Nitrogen and Hydrogen reacted chemically with one another and formed a new compound which was still colorless but now had a strong odor as well.
This new compound is known as Ammonia with the chemical composition NH₃. It is formed when Hydrogen and Nitrogen react chemically. Ammonia is a colorless gas with a sharp strong odor.
1. What is the dilemma K to 12 graduates face when applying for a job? Plss help me asap
Answer:
what is that am seeing here
Suppose you are given a $100 gift card and you choose" to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction. Your choices will involve which of the following?
A. A decision between attainable and unattainable combinations of the goods under consideration.
B. The available supply of each good considered.
C. A comparison of marginal benefits and marginal costs for each good considered.
D. An evaluation of the unlimited resources used in the production of each good considered.
Answer:
C. A comparison of marginal benefits and marginal costs for each good considered.
Explanation:
When a consumer wants to maximise satisfaction he puts into consideration the benefits he will gain by making a purchase.
Only when the benefits exceed the marginal cost of getting the product will this be a choice that maximises satisfaction.
In the given scenario you are given a $100 gift card and you choose to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction.
To do this ensure that marginal benefit exceeds marginal cost
A gift is about $100 card
The amount is spend on the number of goods. Thus answer is they show a marginal benefit an cost.
These are combination of the goods that will involve the comparison of marginal benefits and the costs for each of the items.Hence the option C is correct.As consumer wants to maximize the satisfaction he puts into the consideration the benefits he will gain by making a purchase.Learn more about the given gift of $100.
brainly.com/question/11226588.
what is meaning of GST
Explanation:
goods and service tax I think that is the answer
what was the problem with some of the loans that Banks were making
centrifuge is a device used to separate solid components .true or false
Answer: True
Explanation: Hope This Helps :)
Question 12 of 20 How is an equilibrium price determined? A. By finding a price that meets the highest quantity supplied by producers B. By finding a price that exceeds the expenses producers take on to create supply C. By finding a price that meets the highest quantity demanded by consumers D. By finding the price where quantity supplied matches quantity demanded
Answer:
D. By finding the price where quantity supplied matches quantity demanded
Explanation:
The equilibrium price refers to a price where there is no excess or shortage in demand and supply. Both sellers and buyers are happy to trade the current volumes at the stated price. In a graphical presentation, the equilibrium price is the point at which the demand and supply curves intersect.
The equilibrium price is the prevailing market price where demand matches supply.
HELP Esmerelda simplified a complex fraction. Her work is shown below. What errors did Esmerelda make? Check all that apply. Esmerelda converted the mixed number to the wrong improper fraction. Esmerelda added the numerators. Esmerelda added the denominators. Esmerelda did not divide –24 by 6 correctly. Esmerelda did not use the reciprocal of the divisor.
Answer:
Esmerelda did not use the reciprocal of the divisor.
Esmerelda added the numerators.
Esmerelda added the denominators.
Explanation:
Note: This question is not complete as it omitted the work of Esmerelda. Her work is therefore provide to complete the question as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3}{2} } =(-\frac{21}{4})(\frac{3}{2}) = -\frac{24}{6} = -4[/tex]
The explanation of the answer is now provided as follows:
Esmerelda did not use the reciprocal of the divisor
This is corrected by using the reciprocal of the divisor as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3}{2} } =(-\frac{21}{4})(\frac{2}{3})[/tex]
Esmerelda added the numerators and Esmerelda added the denominators
These two are corrected together by multiplying the numerators separately and and multiplying the denominators separately as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3}[/tex]
Based on the above, the correct answer of the work of Esmerelda can be obtained as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3} =- \frac{42}{12} = -3\frac{1}{2}[/tex]
The final answer can also be provided in 2 decimal places as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3} =- \frac{42}{12} = -3\frac{1}{2} = -3.50[/tex]
A General Motors incentive program designed to reduce inventory of certain low-selling models offers a $6,200 extra dealer incentive for each of these vehicles that the dealer moved into its rental or service fleets. As the accountant for a dealership with a number of these vehicles left in stock, your manager has asked you to calculate certain invoice figures. The normal trade discount from GM is 13%. If the average sticker price (list price) of these remaining vehicles at your dealership is $29,500, calculate the following.
A. What is the amount of the trade discount, including the incentive?
B. What is the trade discount rate?
C. What is the net price (invoice price) to your dealership?
D. If the cars were then sold from the fleets at $1,000 over "invoice" (net price), what is the total percentage savings to the consumer based on the list price?
E. Although these incentive prices reflect extraordinary discounts to the consumer, what other factors should a consumer consider before purchasing a "discontinued" brand of vehicle?
Answer:
A. Amount of the trade discount plus the incentive = $10,035
B. Trade discount rate = 34%
C. Net price = $19,465
D. Total percentage savings = 30.63%
E. Before purchasing a discounted" brand of vehicle, the other factors to consider apart from the price are quality, cost of ownership, and reliability.
Explanation:
A. What is the amount of the trade discount, including the incentive?
Discount amount from the normal trade discount rate = List price * Normal discount rate = $29,500 * 13% = $3,835
Extra dealer incentive for each vehicle = $6,200
The amount of the trade discount, including the incentive, can now be calculated as follows:
Amount of the trade discount plus the incentive = $3,835 + $6,200 = $10,035
B. What is the trade discount rate?
This can be calculated using the following formula:
Trade discount rate = Amount of the trade discount plus the incentive / List price ……………… (1)
Substituting the relevant values from the question and from part A into equation (1), we have:
Trade discount rate = $10,035 / $29,500 = 0.340169491525424
Rounding to 2 decimal places, we have:
Trade discount rate = 0.34, or 34%
C. What is the net price (invoice price) to your dealership?
This can be calculated as follows:
Net price = List price - Amount of the trade discount plus the incentive = $29,500 - $10,035 = $19,465
D. If the cars were then sold from the fleets at $1,000 over "invoice" (net price), what is the total percentage savings to the consumer based on the list price?
List price = $29,500
Net price = $19,465
Amount over "invoice" = $1,000
Selling price = Net price + Amount over "invoice" = $19,645 + $1,000 = 20,645
Total cost saving = List price - Selling price = $29,500 - 20,645 = $9,035
The total percentage savings to the consumer based on the list price can now be calculated as follows:
Total percentage savings = ($9,035 / $29,500) * 100 = 0.306271186440678 * 100 = 30.6271186440678%
Rounding to 2 decimal places, we have:
Total percentage savings = 30.63%
E. Although these incentive prices reflect extraordinary discounts to the consumer, what other factors should a consumer consider before purchasing a "discounted" brand of vehicle?
Before purchasing a discounted" brand of vehicle, the other factors to consider apart from the price are quality, cost of ownership, and reliability. These are explained below:
Quality: This can be described as the workmanship and durability of the vehicle itself as well as its parts over time. If the car is durable and have good workmanship, it is good to buy it.
Cost of ownership: This costs include maintenance, repairs, depreciation, insurance, and fuel that have to be incurred in the long term. If they are too high, it is not advisable to buy the vehicle.
Reliability: It indicates the extent to which the vehicle can be relied on that it will not develop unnecessary faults or breakdown unnecessarily. Reliability of a vehicle can be determined from the number of years or length of kilometres on the warranty of the vehicle. The higher the number of years or length of kilometres on the warranty of a vehicle, the more reliable it is and the more advisable it is to buy the vehicle, and vice versa.
I'll GIVE BRAINLIEST!!!
FIX IT PLS
Answer:
What are we suppose to exactly do?
Explanation:
Uncertainty avoidance
A. The extent to which people accept as normal an unequal distribution of power Power distance
B. Characterized by tight social frameworks in which people tend to base their identities on the group or organization to which they belong Collectivism
C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations Masculinity
D. The extent to which the dominant values in a society emphasize aggressiveness and the acquisition of money and other possessions as opposed to concern for people, relationships among people, and overall quality of life
Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Che managers
a. Culture
b. Cultural etiquette
c. Globalization
d. Internationalization
Answer:
Uncertainty avoidance
C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations MasculinityUncertainty avoidance represents how societies or groups do not like to deal with uncertainty or ambiguous situation, i.e. the unknown. The higher the uncertainty avoidance, the lower the risks that a society or group is willing to take. Societies or groups with high uncertainty avoidance will develop strong cultures and norms, authority will be rarely questioned and people will follow established procedures and rules.
Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Chinese managers
d. InternationalizationInternationalization takes place when individuals that migrate to other countries start losing their national cultural habits and start acting like the individuals of the country or countries that they move to. This process takes place when immigrants are assimilated by the new culture and they themselves /the immigrants) assimilate the new culture as their own or blend some aspects of the new culture with aspects of their national culture.
Which of the following is the "riskiest" investment?
a. а CD
b. a blue-chip stock
c. a growth stock
d. a corporate bond
Answer:
d
Explanation:
Have a look at the top 10 brands in the world, what similarities can you see in regards to their marketing activities
s you probably know, brand equity is becoming increasingly important factor to successful brands. Brand equity has the ability for firms to to gain additional market share, at a price premium, with increased customer loyalty, and greater acceptance of new products. It also provides significantly more access to more retailer channels and easier ability to enter new markets.
Professional valuation companies that rank firms on the brand equity value consider how much the brand contributes to additional profitability. Here are the top 10 brands for 2015 as determined by Millward Brown.
Apple
Microsoft
IBM
Visa
AT&T
Verizon
Coca-Cola
McDonalds
Marlboro
If i make $7,800 a week from my job , how much would my yearly salary would be ?
(A) $205,500
(B) $405,600
(C) $605,700
(D) $805,800
Answer:
You would make $405,600.
Explanation:
There are 52 weeks in a year, and you make 7,800 in a week.
7,800 * 52 = 405,600
Answer:
ummm hold let me do the math it would be b i think
PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential. You suddenly get
an order to deliver 1,000 shirts at a price of $50 each. You have the entire infrastructure in place, but need $15,000 to procure the fabric and
accessories for shirts. How will you raise money to serve this order? How will the answer differ if the business is a sole proprietorship?
Answer:
Bank loans
Financial institutuions loans
Creditors
Explanation:
A private limited company depends on its retained earnings or assets . The other option available is that of getting financed through bank loans or other institutions serving as creditors to invest and the company may record the loan as accounts payable or long term loan which ever is possible.
The same would be for the sole proprietorship because it can even generate funds through bank loans or creditors.
In case of the public limited company the it would be different as it can raise funds through issuing new shares.
The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per-unit contribution margin for each product follows. Nylon Wool Sales price $ 151 $ 203 Variable cost per unit (87 ) (83 ) Contribution margin per unit $ 64 $ 120 TBC expects to incur annual fixed costs of $743,000. The relative sales mix of the products is 75 percent for Nylon and 25 percent for Wool. Required Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $115,000 profit. How many units each of Nylon and Wool blankets must TBC sell to earn a $115,000 profit? Prepare an income statement using the contribution margin format.
Answer:
contribution margin of nylon blankets = $64
contribution margin of wool blankets = $120
annual fixed costs = $743,000
sales mix = 75% nylon blankets, 25% wool blankets
weighted contribution margin = ($64 x 75%) + ($120 x 25%) = $78
if TBC wants ot make $115,000 in profits it must sell:
= ($743,000 + $115,000) / $78 = 11,000 units
TBC must sell 2,750 wool blankets and 8,250 nylon blankets.
The Blanket Company (TBC)
Income Statement
Sales revenue $1,804,000
Variable costs ($946,000)
Contribution margin $858,000
Fixed costs ($743,000)
Operating income $115,000
when you should send an email
A. when the subject matter is extremely private
B.when the subject matter is objective and informative
C. when the subject matter is emotional
D. when the subject matter is sensitive in nature
B. When the subject matter is objective and informative
You should send an email when the subject matter is objective and informative. Hence, Option B. is correct.
Email is a fantastic manner to communicate when the subject matter is objective and informative. A way to communicate between people using the internet and electronic gadgets is via email. Because emails are a fantastic method to discuss and highlight vital information without containing a personal opinion, which is especially critical in a business context, you should send an email when the subject matter is objective and instructive.
Therefore, the correct option is option B.
Learn more about email, here:
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(Adjusting Entries) The accounts listed below appeared in the December 31 trial balance of the Savard Theater.
Debit Credit
Equipment $192,000
Accumulated Depreciation—Equipment $ 60,000
Notes Payable 90,000
Admissions Revenue 380,000
Advertising Expense 13,680
Salaries Expense 57,600
Interest Expense 1,400
From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 31. (Omit explanations)
1) The equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time.
2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%.
3) In December, 2,000 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1.
4) Advertising expense paid in advance and included in Advertising Expense $1,100.
5) Salaries and wages accrued but unpaid $4,700.
Answer:
1) The equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time.
depreciation expense per year = ($192,000 - $24,000) / 16 = $10,500
Dr Depreciation expense 10,500
Cr Accumulated depreciation 10,500
2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%.
using a 360 day year, accrued interest = $90,000 x 8% x 72/360 days = $1,440
Dr Interest expense 1,440
Cr Interest payable 1,440
3) In December, 2,000 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1.
Dr Admissions revenue 60,000
Cr Deferred revenue 60,000
4) Advertising expense paid in advance and included in Advertising Expense $1,100.
Dr Advertising expense 1,100
Cr Prepaid advertising expense 1,100
5) Salaries and wages accrued but unpaid $4,700.
Dr Wages expense 4,700
Cr Wages payable 4,700
Accounting information systems: Multiple Choice require a CITP designation to understand. report only financially related information. are always computerized. are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.
Answer: Are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.
Explanation:
Accounting information systems are very useful because they combine accounting records with processes thereby coming up with reports on transactions that provide relevant stakeholders with both financial and non-financial information needed for decision making and control.
Accounting systems do not require a Certified International Trade Professional (CITP) designation to understand neither does it report only financially related information nor is it always computerized.
You are to make monthly deposits of $625 into a retirement account that pays an APR of 11.4 percent compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 34 years?
Answer:
the future value of an annuity is $3,049,771.89
Explanation:
The computation of the future value of an annuity is shown below:
= Monthly deposit × {(1 + interest rate)^number of years - 1 ÷ rate of interest}
= $625 × {(1 + 11.4% ÷ 12)^34 × 12 - 1 ÷ 11.4% ÷ 12}
= 625 × ((1 + 0.95%)^408 - 1) ÷ 0.95%
= 625 × 4,879.64
= $3,049,771.89
Hence, the future value of an annuity is $3,049,771.89
write the short note on durable and non durable materials
. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong
signature product: KFC’s fried chicken and A&W’s root beer floats.
Branding strategy used:
Answer:
Co-branding/Multi-branding
Explanation:
Multi-branding
Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.
Explain 4 disadvantages of state owned entreprises
Answer:
State owned enterprises help the government to control certain strategic sectors of the economy,they provide very essential services to the people at cheaper and affordable rates,they protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative and Ensuring better public service
Explanation:
I have teechip im 14 trying to make money how do i make people buy my clothing and how do i promote it without money?
Answer:
you can advertise it through social media jazz your creativity too it will attract more attention if it is unique
Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing.
a. Companies that produce small quantities of many different products.
b. A company that pulverizes wood into pulp to manufacture carboard.
c. A company that manufactures thousands of identical files.
d. Companies that produce large numbers of identical products.
e. A computer repair service that makes service calls to homes.
f. A company that assembles electronic parts and software to manufacture millions of portable media players.
g. A textbook publisher that produces copies of a particular book in batches.
h. A company that bottles milk into one-gallon containers.
i. A company that makes large quantities of one type of tankless hot water heaters.
j. A governmental agency that takes bids for specific items it utilizes where each item requires a separate bid.
Answer:
Explanation:
Process costing can be regarded as a methodology in accounting that involves attributing cost to unit of production in different firms especially firm that are producing product that are homogeneous.
Job order costing can be regarded as
a system that occur when an order of purchase is made by consumer, it helps in way that the price of individual product is affordable by consumer.
a.Companies that produce small quantities of many different products.
(Job order costing)
b.A company that pulverizes wood into pulp to manufacture carboard.
(Process costing)
c.A company that manufactures thousands of identical files.
(Process costing)
d.Companies that produce large numbers of identical products.
(Process costing)
e.A computer repair service that makes service calls to homes.
(Job order costing)
f.A company that assembles electronic parts and software to manufacture
(Process costing)
millions of portable media players.
g.A textbook publisher that produces copies of a particular book in batches.
(Job order costing)
h.A company that bottles milk into one-gallon containers.
(Process costing)
i.A company that makes large quantities of one type of tankless hot water heaters.
(Process costing)
j.A governmental agency that takes bids for specific items it utilizes where each
(Job order costing)
.
Do you think it is possible for a bad strategy to be implemented and executed well and
to create value for the business? Explain your answer.
Answer:
yes its possible for bad strategy to be implemented and executed well and
to create value for the business
(a) The fundamental qualitative characteristics that make accounting information useful are relevance and verifiability.
(b) Relevant information only has predictive value, confirmatory value, or both.
(c) Information that is a faithful representation is characterized as having predictive or confirmatory value.
(d) Comparability pertains only to the reporting of information in a similar manner for different companies.
(e) Verifiability is solely an enhancing characteristic for faithful representation.
(f) In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.
Answer:
(a) The fundamental qualitative characteristics that make accounting information useful are relevance and verifiability.
⇒ FALSE
The fundamental characteristics are relevance and faithful representation.
(b) Relevant information only has predictive value, confirmatory value, or both.
⇒ FALSE
Relevant information must have predictive or feedback value.
(c) Information that is a faithful representation is characterized as having predictive or confirmatory value.
⇒ FALSE
Faithful representation is the one that represents exactly what happened, e.g. if the costs incurred were $1,000, then you must record $1,000, not $900 nor $1,200.
(d) Comparability pertains only to the reporting of information in a similar manner for different companies.
⇒ FALSE
Comparability means that the financial information must be comparable to the company's past performance or the performance of companies in the same industry.
(e) Verifiability is solely an enhancing characteristic for faithful representation.
⇒ FALSE
Verifiable information is information that can be obtained using different methods by different individuals, i.e. different accountants or auditors should be able to compute similar results using the same information.
(f) In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.
⇒ TRUE