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3 years ago

What does making a credit card minimum payment mean?

1 answer:

5 0

Credit card terms require you to pay at least the minimum payment by the date pointed out every month. This payment is the lowest amount you can pay on your credit card to avoid penalties. Minimum payments are usually a percentage of your outstanding balance.

Hope this helps.

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A seller (or provider) of goods or services to a business organization, usually a manufacturer or wholesaler, is known as a:

Hatshy [7]

He is known as a VENDOR. A vendor is a part of the supply chain, he makes goods and services available to companies and consumers. Companies typically provide a vendor with purchase order which clearly states the products that the company wants to buy, the number of units needed, the price, the delivery date and other specifics.

5 0

3 years ago

Which kind of economic system does a socialist country have?

Ann [662]

The answer is D) mixed

5 0

3 years ago

Read 2 more answers

Imagine you are a sales manager and need to tell an employee that his sales numbers have not been very good and he needs to impr

Vladimir79 [104]

Yes, email would be a good choice of telling an employee that his/her sales have not been good.

As just sending a simple email is easy, fast and efficient and it gets the word to that employee as quick as possible

7 0

3 years ago

If each unit of output can be sold at a price of $5 and incurs variable costs which are constant at $3 per unit, and if the fixe

Vesnalui [34]

Answer:

Break-even point= 15,000/ (5 - 3)= 7,500 units

Explanation:

Giving the following information:

Each unit of output can be sold for $5, variable costs are constant at $3 per unit, and if the fixed costs are $15,000.

We need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 15,000/ (5 - 3)= 7,500 units

7 0

3 years ago

Read 2 more answers

On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison’s voting common stock, which represents a 40 perce

Marysya12 [62]

Answer:

The $1,724,000 is the investment amount which is to be recorded as of December 31.

Explanation:

For computing the investment income, the calculation is shown below:

= Paid value + net income percentage - dividend

where,

Paid value= $1.6 million

Net income percentage = Net income × percentage

= $560,000 × 40%

= $224,000

And, dividend = number of shares × per share

= 50,000 × 2

= $100,000

So, the investment amount would be

= Paid amount + net income percentage - dividend

= $1,600,000 + $224,000 - $100,000

= $1,724,000

Hence, the $1,724,000 is the investment amount which is to be recorded as of December 31.

3 0

3 years ago