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3 years ago

Which of the following is not true of credit card

Business

2 answers:

patriot [66]3 years ago

8 0

Answer:

The false statement is letter "A": they are the best payment type to use when trying to stick to budget.

Explanation:

Credit cards are payment devices given to people who have proved to maintain an optimal credit history. Though, banks and financial institutions give them to people to generate income through <em>interest rates</em>. If someone wants to keep their expenses under a budget, it is not convenient to use credit cards as methods of payments since it will increase the amount of money the cardholder must spend because of the interest rate.

grandymaker [24]3 years ago

7 0

. they are the best payment

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On June 30, 2018, Mabry Corporation issued $15 million of its 8% bonds for $13.8 million. The bonds were priced to yield 10%. Th

Ugo [173]

Answer:

Mabry Corporation

Using the effective interest method, the bond discount should be reduced for the 6 months ended December 31, 2018 by:

= d. $90,000

Explanation:

a) Data and Calculations:

Face value of bonds issued = $15 million

Issue price of the bonds = 13.8 million

Bonds discounts = $1.2 million

Coupon rate of interest = 8%

Effective interest rate = 10%

Interest payment = semi-annually on December 31 and July 1

December 31, 2018:

Interest payment = $600,000 ($15 million * 4%)

Interest expense = $690,000 ($13.8 million * 5%)

Amortization of discounts = $90,000 ($690,000 - $600,000)

Fair value of bonds = $13.89million ($13.8m + $90,000)

5 0

3 years ago

This cartoon can be read and enjoyed on several levels. Which statement best captures the economic message of

makvit [3.9K]

Answer:

The correct statement lies in option C.

Monopolies negatively affect consumers.

Explanation:

The statement that best captures the economic message of the cartoon is that monopolies negatively affect consumers.

When a specific enterprise or person is the only supplier in the market, it is called monopoly.

Monopoly can result to higher prices of the good, also known as price taker as there is no other enterprise which can supply the same good.

Here, Santa Claus is the monopoly as he is the only supplier of gifts in Christmas so he gets sloppy and result in low output in his work.

5 0

3 years ago

The following information is available for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation expense

zmey [24]

Answer:

$240

Explanation:

The computation of cash flow from operating activities of Felix company is seen below;

= Net income - Decrease in plant and machinery + decrease in expense - increase in deferred assets + gain on sale of assets

= $300 - $40 + $20 - $5 + $35

= $240

Therefore, cash flow from operating income of Felix company is $240

7 0

3 years ago

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),

cluponka [151]

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

7 0

3 years ago

Management by walking around (MBWA) refers to an old strategy that results in ineffective upward communication. a practice in wh

hodyreva [135]

Answer: a practice in which executives get out of their offices and learn from others in the organization through casual face-to-face dialogue.

Explanation: Management by walking around (MBWA) refers to a practice in which executives get out of their offices and learn from others in the organization through casual face-to-face dialogue.

In this management style, executives pay casual, unplanned visits to staff in their work areas to understand their work environment, experience first hand their status reports instead of waiting for them to be delivered to their office. Management by walking around fosters a better work environment through better communication, a hands-on experience of the conditions of the workplace by managers as well as quick and effective problem solving.

5 0

3 years ago