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2 years ago

Do Debit cards often have a higher intrest rate then credit cards?

2 answers:

7 0

Yes debit card are more. Preferred because when you use a debit card you pay on the spot but when you use your credit card it tends to build up and you will have to pay your bill

xz_007 [3.2K]2 years ago

6 0

Yes debit cards have higher interest rates

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Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made without

Maurinko [17]

Answer:

Dr Cash $59,840

Dr Loss on Sale of Receivables $8,160

Dr Recievable from Factor $5,800

Cr Recourse liability $5,800

Cr Accounts Receivable $68,000

Explanation:

Preparation of the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.

Dr Cash $59,840

[(68,000 x .90) - (68,000 x .02)]

Dr Loss on Sale of Receivables $8,160

[(5,800 + 68,000) - ($59,840 + 5,800)]

Dr Recievable from Factor $5,800

Cr Recourse liability $5,800

($59,840+$8,160+5800-68,000)

Cr Accounts Receivable $68,000

(To record the transfer on the books of Mountain High)

Dr Loss on Sale of Rec = (5,800 + 68,000) - ($59,840 + 5,800) = $8,160

73,800-65650

7 0

2 years ago

Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m

Llana [10]

Answer:

3.69

Explanation:

We know,

The productivity in sales revenue/labor expense = $\frac{sales revenue}{labor expense}$

Given,

Sales revenue = Units sold × Sale price per unit

Sales revenue = 1,217 units × $1,700

Sales revenue = $2,068,900

labor expense = Total labor hours × wage rate per hour

labor expense = 46,672 × $12

labor expense = $560,064

Putting the values into the formula, We can get,

The productivity in sales revenue/labor expense = $\frac{2,068,900}{560,064}$

The productivity in sales revenue/labor expense = 3.69

5 0

3 years ago

Does mixed economy have private ownership?

labwork [276]

YES, mixed economy have private ownership.

A mixed economy is variously described as an economic machine mixing elements of a market financial system with factors of a deliberate economy, markets with country interventionism, or private organisation with public organisation. common to all blended economies is a mixture of unfastened-marketplace principles and principles of socialism.

A blended economic machine is a device that combines components of both capitalism and socialism. A blended monetary machine protects personal property and permits a degree of financial freedom in the use of capital, but additionally allows for governments to intrude in financial sports if you want to reap social objectives.

Learn more about mixed economy here:brainly.com/question/13467040
#SPJ4

6 0

1 year ago

Better Chocolates has a new project that requires $838,000 of equipment. What is the depreciation in Year 6 of this project if t

DIA [1.3K]

Answer:

d. $74,749.60 ( depreciation allowance @ 8.92% )

Explanation:

Under Modified Accelerated Cost Recovery System the Office furniture and fixtures, agricultural machinery and equipment, any other property not associated with another class is classified as 7-years property.

These assets are depreciated as follows:

Year Percentage Depreciate

1 14.29%

2 24.49%

3 17.49%

4 12.49%

5 8.93%

6 8.92%

7 8.93%

8 4.46%

In the Sixth year depreciation will be charged by 8.92%.

Asset Value = $838,000

Depreciation Allowance in 6th year = $838,000 x 8.92%

Depreciation Allowance in 6th year = $74749.60

*Option for the given Mcqs are missing and written as follows:

Select one:

a. $80,411.60

b. $74,833.40

c. $89,108.00

d. $74,749.60

e. $89,327.08

4 0

3 years ago

Knowing that a third party may use the information that Ray is providing, does Ray owe a duty of confidentiality to Onyx?

artcher [175]

Answer:

B. Yes, although it may be breached in most states if there is a court order to do so.

Explanation:

Duty of confidentiality is a provision that has been put in place in most states, to enable clients open up freely if they need help. This allows professionals to take whatever actions necessary to carry out full service delivery when helping the client. Some of these details include health status, a client-lawyer case story, a social media's access to users' personal details, etc. The law prohibits professionals from disclosing information made available to them by the client to a third party. This duty is held by many professional bodies like the medical body, legal body, among others. This duty can be broken by law in situations where the client sues the professional, or when there is a legal court order to do so.

3 0

2 years ago