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3 years ago

What are the benefits of using a credit card? What are the drawbacks of using a credit card?

2 answers:

6 0

Benefits: You do not have to carry large amounts of cash with you

drawbacks: You have to pay interest rates
it is technically a loan

hope this helps

Usimov [2.4K]3 years ago

4 0

The benefits is that you don't have to carry too much money with you is pretty simple you just swipe your card everywhere you go and is more safer that money. is somebody steals you card you call immediately and tell them to cancel your account. Drawbacks: is that if you don't have enough money on your back account and for example you go to a store and buy something more expensive thatn what you have in you account. that's called overdraft and you will be charge extra money for borrowing the banks money.

You might be interested in

Which of the following was the fourth leading cause of deaths in the construction industry in 2005? A. Being struck by something

artcher [175]

I think the correct answer from the choices listed above is option D. The fourth leading cause of deaths in the construction industry in 2005 would be getting caught or between two objects. Number one would be due to falls. Hope this answers the question. Have a nice day.

7 0

2 years ago

You purchased a share of SPCC for $100 and expect to receive a dividend of $5 in one year. If you expect the price after the div

Elenna [48]

Answer:

The answer is 15%

Explanation:

(P1 - Po) / Po + D

Where P1 is the price of the share at the end of the year

Po is the price of the share at the beginning of the year

D is the Dividend receceived

P1 is $110

Po is $100

And Dividend is 5%

($110 - $100) / $100 + 5 %

$10/100 + 5%

10% + 5%

= 15%

The total return will you have earned over the year for the purchase of a share of SPCC is 15%

3 0

3 years ago

Sheffield borrowed $701000 on October 1, 2017 and is required to pay $721000 on March 1, 2018. What amount is the note payable r

Georgia [21]

Answer:

On October 01, 2017

The amount actually borrowed that is $ 701,000 will be recorded as liability/note payable on october 01, 2017. The following accounting entry will be passed

Debit Cash Asset $ 701,000

Credit Note payable $ 701,000

Interest recognized from October 1 to December 31, 2017

The premium amount paid on redemption will be recorded as interest over the period of time. The interest amount is

Interest = 721,000 -701,000 = $ 20,000

So this above calculated expense will be recognized as an expense over loan period.

5 0

3 years ago

Cost of Goods Manufactured for a Manufacturing Company

aniked [119]

Answer:

Cost of goods manufactured $ 2567,400

Explanation:

Ethtridge Manufacturing Company

Statement of Cost of Goods Manufactured

For the Month Ended July 31

Direct materials $1,150,000

Direct labor 966,000

Total factory overhead 490,500

Total manufacturing costs $ 2606500

Add July 1 Work in process inventory, 316,400

Cost of Goods Available for manufacture $ 2922,900

Less July 31 Work in process inventory, 355,500

Cost of goods manufactured $ 2567,400

When we add the direct materials. direct labor and FOH we get the total manufacturing costs .

When the total manufacturing costs are added to the opening work in process inventory we get the cost of goods available for manufacture and we get the cost of goods manufactured by subtracting the ending work in process inventory from the cost of goods available for manufacture.

6 0

3 years ago

Gloria's employer deducted 20 percent of her pay in the month of january due to personal problems he had with her. under the lil

Dafna11 [192]

180 days of the most recent paycheck reflecting the discrepancy.

4 0

2 years ago