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Maslowich
4 years ago
11

Zane Enterprises accepts a credit card as payment for $500 of services provided to a customer. The credit card company charges a

4% handling charge for its collection services. Based on this information
a. Zane will collect $500 cash from the credit card company.

b. Zane will pay the credit card company $500 cash.

c. Zane will collect $480 cash from the credit card company.

d. Zane will pay the credit card company $480 cash.
Business
2 answers:
Alex787 [66]4 years ago
7 0

Answer:

c. Zane will collect $480 cash from the credit card company.

Explanation:

The credit card company will deduct the collection services from the amount collected before transferring it to Zane enterprises thus Zane will receive the ammount:

500 x (1 - 4%) = 500 x 0.96 = 480

sveticcg [70]4 years ago
6 0

Answer:

c) Zane will collect $480 cash from the credit card company.

Explanation:

The charges that Zane has to pay to the credit card company is:

$500 x 4% = $20

--> Total amount that Zane will collect from the credit card company is: $500 - $20 = $480

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Davidson Company has 10,000,000 common shares issued and 400,000 shares of treasury stock. The stock's par value is $2 per share
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Answer: See explanation

Explanation:

Based on the information given in the question, the increase or decrease in the retained earnings will be calculated as:

= (10,000,000 - 400,000) × 15% × $15

= 9,600,000 × 0.15 × 15

= 21,600,000

The retained earnings will decrease by $21.6 million

The options given aren't correct.

6 0
3 years ago
A seller listed her residence with a broker. The broker brought an offer at full price and satisfying terms of the listing from
schepotkina [342]

Answer:

The correct answer is owes commission to the broker.

Explanation:

The remuneration of real estate agents, in most transactions, is carried out as follows:

Two agents participate in the transaction: the one that represents the seller and the one that represents the buyer; It is the seller of the property responsible for paying the commission, which generally ranges between three percent (3%) and six percent (6%) on the sale price, and which is often divided into parts equal between both agents.

The homebuyer in most cases does not pay any commission to the real estate agent.

It is normal for the owner to try to sell his real estate directly, without hiring the real estate agent, based on the belief that this saves six percent (6%) of the commission charged by this professional; and it does not notice that in reality the direct sale supposes for the owner some expenses that, for the most part, equal that percentage; and, expenses which, are assumed by the real estate agent; being some of them, those mentioned above such as: Cost of printed advertising (flyers, brochures, "open-houses"), selection of potential buyers, visits to real estate; in short, a series of activities that translate into a benefit for the seller, insofar as the real estate agent assumes responsibilities that have not only an economic value, but a security and time value that prevents it from eventual stressful situations and risk to your person and your family group.

4 0
3 years ago
On June 30, 2019, bonds were issued at par with a face value of $2,000,000 and a 7% stated interest rate. Each bond has a $1,000
vagabundo [1.1K]

Answer:

The answer is "$84,000 in the numerator and 60,000 in the denominator".

Explanation:

If securities are transformed into stocks. So, the common stack holder  should be have a larger net revenue, calculation of net revenue

= \$ 2,000,000 \times 7 \% \times (1 - 0.40) \\\\=  \$ 2,000,000 \times \frac{7}{100} \times 0.6\\\\=  \$ 20,000 \times 7 \times \frac{6}{10}\\\\=  \$ 2,000\times 7\times 6\\\\=  \$ 2,000 \times 42\\\\=  \$ 84,000\\

In addition, the loads will also raise the total amount of shares which is calculated as follows:

= \frac{\$ 2,000,000}{ \$ 1,000 \times 30}\\\\= \$ 60,000  \ stocks

Formula:

\ EPS =\frac{\ net \ income}{ \ average \ number \ of \ stocks}

That's why in this question numerator is = $ 84, 000 and denominator = $ 60,000

7 0
3 years ago
Cost accounting​ ________. A. measures the costs of acquiring or using resources in an organization B. communicates information
beks73 [17]

Answer:

A. measures the costs of acquiring or using resources in an organization.

Explanation:

Cost accounting is the procedure by which and organisation records, examines, and summarises any cost on processes or service.

Items that are considered include variable cost, fixed cost, and other expenses related to business operation.

7 0
3 years ago
A project manager forgets to assess how national holidays and team member vacations will affect the project’s completion date. N
solong [7]

The flexible strategy is used to avoid the delay in assessing the external constraints.

The following information regarding accessing external constraints:

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If we accessing the external constraints so the delay could be avoided.

So, The other options seem incorrect

Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.

Learn more about the external constraints here: brainly.com/question/17156848

5 0
3 years ago
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