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2 years ago

Something that credit card commercials don't show you is . ...

Business

1 answer:

ICE Princess25 [194]2 years ago

5 0

The Credit card Commercials do not usually reveal

people making payments for month/year on the credit card purchase.

<h3>What is the usage of commercial credit card?</h3>

A commercial card is a credit card provided by employers to their workers to be used for business transactions.

Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.

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Question. Draw a marginal revenue curve of a perfectly competitive firm and explain why the marginal revenue of a perfectly comp

svp [43]

If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)

<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>

Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
The company closes if the price falls below the average variable cost.

Marginal revenue is the change in total revenue when one more unit of a commodity is sold.

MR= change in TR/change in quantity sold

Average revenue refers to revenue per unit of output.

AR=TR/Q

Relationship between AR and MR:

If AR is constant, MR is equal to AR.

Both are indicated by the same horizontal straight line(a situation of perfect competition)

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8 0

1 year ago

Assume Worldwide Cleaning Service had net income of $ 900 for the year. Worldwide Cleaning Service's beginning and ending total

g100num [7]

Answer:

return on assets = 20%

Explanation:

given data

net income = $900

beginning total assets = $4600

ending total assets = $4400

solution

we get here return on assets that is express as

return on assets = $\frac{net\ income}{average\ assets}$ × 100 ............1

here average assets will be

average assets = $\frac{4600+4400}{2}$

average assets = $4500

put here value we get

return on assets = $\frac{900}{4500}$ × 100

return on assets = 20%

4 0

3 years ago

On January 8, Lowrence Co. issued a $60,000, 120-day discounted note to Raines Bank. The discount rate is 8%. Assuming a 360-day

Salsk061 [2.6K]

Answer:

a. $58,400

Explanation:

A discounted note, will make the person receive a lesser amount than the amount due at maturity. This way the person who grants the note is receiving interest for borrowing.

<em><u>Calculations</u></em>

principal x discount rate x time = discount

<em><u>Where</u></em> rate and time should be expressed in the same metric IE if the rate is annual express time in portion of years if it is monthly, in months.

60,000 x 0.08 x 120/360 = 1,600

Now, we subtract this amount form the nominal:

nominal - discount = net

60,000 - 1,600 = <u>58,400</u>

6 0

3 years ago

Read 2 more answers

Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a

LUCKY_DIMON [66]

Answer:

A. 37,500 balls

B.2.67

Explanation:

A. Compution for the CM ratio and the break-even point in balls.

First step is to calculate the Contribution margin

Selling price $25 100%

Variable expenses $15 60%

Contribution margin $10 40%

($25-$15)

Now let calculate the CM ratio and the break-even point in balls using this formula

Unit sales to break even=Fixed expenses/Unit contribution margin

Let plug in the formula

Unit sales to break even=$375,000/$10

Unit sales to break even= 37,500 balls

Therefore the CM ratio and the break-even point in balls will be 37,500 balls

b. Computation for the degree of operating leverage at last year

Using this formula

Degree of operating leverage =Contribution margin/Net operating income

Let plug in the formula

Degree of operating leverage=$600,000/$225,000=

Degree of operating leverage = 2.67 (rounded)

Therefore the degree of operating leverage at last year will be 2.67

5 0

3 years ago

Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services

valentinak56 [21]

Answer:

See explanation section

Explanation:

See the image below to get the answer:

7 0

3 years ago