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4 years ago

How is the interest rate one of the biggest factors in calculating finance charges of credit cards?

1 answer:

iogann1982 [59]4 years ago

6 0

Interest rate is one of the biggest factors in calculating finance charges because the interest rate adds a percentage of money not already spent to pay towards the credit cards if not paid in full each month. Each month interest adds on to the payment and continues at the rate of percentage issued until the money is paid off, so this is a big factor because it always fluxuates.

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Jennifer owns a pig farm near Salina, Kansas. Last year she earned $39,000 in total revenue while incurring $38,000 in explic

leonid [27]

Answer:

Jennifer earned an accounting profit of $1,000 and economic loss of $26,000

Explanation:

Total revenue for Jennifer is $39,000.

Explicit costs incurred is $38,000.

The implicit cost or opportunity cost involved is $27,000.

Accounting profit takes into account explicit costs only. It does not include implicit costs involved in the production process.

Jennifer has earned an accounting profit of

= Total revenue - Explicit costs

= $39,000 - $38,000

= $1,000

Economic profit takes into account the explicit cost as well as implicit cost.

The economic profit earned

= Total revenue - Total costs

= $39,000 - ($38,000 + $27,000)

= - $26,000

7 0

3 years ago

What is the core of marketing<br>

kkurt [141]

Answer:

Explanation:

the core concept of marketing is a social and managerial process by which individuals and groups obtained what they need and want through creating,offering and exchangeing products of value with others

7 0

3 years ago

Read 2 more answers

What is the 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level?

GarryVolchara [31]

I'm assuming single means non-married, in that case your max repayment would be $1,250

6 0

3 years ago

On November 30, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of Shaw Co.

scoray [572]

Answer:

Value of goodwill = $350,000

Explanation:

In case where is investment in 100% shares of a company then that may give rise to goodwill or rise to capital reserve.

Any amount paid to acquire that interest in company more than the value of such company is recorded as goodwill.

Here, cost of acquisition = $15 $\times$ 250,000 = $3,750,000

Carrying value of net assets of the company = $3,000,000

Increase in value due to fair value = $400,000

Value of goodwill = Purchase price - Fair Value of net assets

Therefore, value of goodwill = $3,750,000 - ($3,000,000 + $400,000) = $350,000

7 0

3 years ago

Freddie's Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want

azamat

Answer:

Customize reports

Review recurring transactions

Set up and implement an online bill pay service

Explanation:

Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:

1. Customize reports: this includes forms and reports and, if possible to memorize reports.

2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.

3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.

4 0

3 years ago