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Maslowich
3 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]3 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]3 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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In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in
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Answer:

B. $19,687 mil

Explanation:

The statutory tax rate is the percentage imposed by law; the effective tax rate is the percentage of income actually paid by an individual or a company after taking into account tax breaks (including loopholes, deductions, exemptions, credits, and preferential rates).

Now, in our question, statutory tax rate is 35%, but effective tax rate is 15%. This implies, with the help of tax breaks or loopholes, company managed to pay only 15% of its income as taxes.

This 15% of income = $2,953 mil

Hence, pretax income = 2,953/15% = $19,686.67 mil = $19,687 mil

8 0
3 years ago
Jose opened a Premier account at City National Bank of Iowa with a minimum required deposit of
Andrew [12]

Answer:

$1,025.299

Explanation:

The formula for compound interest is

FV = PV × (1+r)^ n

Where Fv is the future value

Pv is the present value = $1000

r is interest rate = 1/2 %  or 0.5% per year

n is five years

interest is compounded quarterly,  

Interest per quarter = 0.5% /4 = 0.125%  which is 0.00125

n will be 5 years x 4 quarters = 20 periods

Fv= $1000 x (1 +0.00125)^20

Fv =$1000 x(1.00125)^20

Fv= $1000 x 1.025299

Fv = $1,025.299

4 0
3 years ago
Kathy has $50,000 to invest today and would like to determine whether it is realistic for her to achieve her goal of buying a ho
Tresset [83]

Answer:

So she must achieve about 11.61 %

Explanation:

Amount invest by Kathy = $50000

She wanted to buy a home for $150000

Time of investment = 10 years

We have to find the return which she received

Let she receives x return

So according to question 50000\times (1+x)^{10}=150000

(1+x)^{10}=3

(1+x)=3^{0.1}

(1+x)=1.1161

x=0.1161=11.61%

So she must achieve about 11.61 %

4 0
3 years ago
Sally, Greg, Juan, and Amar are working on a project for a customer that is aimed at cutting the client's electrical costs. The
creativ13 [48]

Answer: Option A

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In the given case, all the four individuals are working for cutting clients cost and are operating through electronic mediums.

Hence from the above we can conclude that the correct option is A.

3 0
3 years ago
Universal Containers' contact center manager needs to measure the following metrics: - Agent productivity - Customer satisfactio
VLD [36.1K]

Answer: Average handle time

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Explanation:

Since the center manager needs to measure the productivity of the agent and the customer satisfaction, the report that should be recommended by a consultant would be the average handle time and the first contact resolution.

The average handle time shows the time taken for a transaction to be completed. This can be used to determine the productivity of agents. Also, first contact resolution can be used to determine customer satisfaction as it shows the number if queries that were successfully resolved.

8 0
3 years ago
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