All categories

3 years ago

What is a uncommoon credit card fee

1 answer:

5 0

Not all credit cards have an annual fee. You can expect an annual fee on most secured credit cards, some premium credit cards, charge cards, and subprime credit cards. The amount of the annual fee varies. It can be low as $19 or as high as $500, depending on the credit card.

You might be interested in

Ralph’s Mini-Mart store in Alpine experienced the following events during the current year:1. Incurred $270,000 in selling costs

Neko [114]

Answer:

a. $225, 000

b. $900, 000

c. $140, 000

Explanation:

Ralph Mini-Mart Store in Alpine:

(a) Beginning inventory: this is the value of inventory on hand at the beginning of the financial year. This is the value is the same as the value of ending inventory at the end of the previous financial year. This value includes the value of the inventory and any costs that were incurred to bring the inventory to the organization’s store house.

For Ralph Mini- Mart, beginning inventory = $225, 000 (refer to item 5)

(b) Transfers- In: this is the inventory that was purchased during the financial year. This value will include the cost of the inventory and any other costs that were incurred to bring the inventory to the store house of Ralph’s Mini – Mart. In this instance, the additional cost is the transportation cost of $30, 000 that was incurred to transport the inventory from the supplier to the warehouse.

For Ralph’s Mini – Mart, the Transfers – In = $870, 000 + $30, 000 = $900, 000 (refer to item 3 and 4)

(c) Ending balance: the ending balance is the value of inventory at the end of the financial year. This is the value of inventory that Ralph’s remains with after purchasing inventory from suppliers and selling inventory to customers. This value will take into account any inventory write- downs and obsolescence. In this instance, there has been no inventory write- downs and no inventory obsolescence or thefts.

For Ralph’s Mini – Mart, the value of ending inventory = $140, 000 (refer to item 5)

5 0

3 years ago

On the long-run aggregate supply curve,

kirill115 [55]

The long-run aggregate supply curve shows the relationship between price level and real GDP.

<h3>What is the supply curve?</h3>

It should be noted that the information is incomplete. Therefore, an overview will be given. The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period.

In this case, in a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.

The long-run aggregate supply curve shows the relationship between price level and real GDP that would be supplied if all prices were fully flexible.

The position of the long-run aggregate supply curve is determined by the aggregate production function and the demand and supply curves for labor.

Learn more about supply curve on:

brainly.com/question/26430220

#SPJ1

8 0

2 years ago

Product Pricing: Two Products Quality Data manufactures two products, CDs and DVDs, both on the same assembly lines and packaged

soldier1979 [14.2K]

Answer:

a) $1.85 per CD pack

$2.22 per DVD pack

b) profits for selling CDs = -$30,000

profits for selling DVDs = $130,000

Explanation:

Variable costs Fixed costs

Materials $200,000 $500,000

Other $250,000 $800,000

DVDs:

materials = $700,000 x 50% = $350,000 ($250,000 fixed)

Other = $1,050,000 x 60% = $630,000 ($480,000 fixed)

total = $980,000

CDs:

materials = $350,000 ($250,000 fixed)

Other = $420,000 ($320,000 fixed)

total = $770,000

Expected sales:

CDs 400,000 packs

DVDs 500,000 packs

since the company wants to earn $100,000 in profits, it should charge:

400,000X - $770,000 + 500,000Y - $980,000 = $100,000

400,000X + 500,000Y = $1,850,000

Y = 1.2X (we replace Y)

400,000X + 600,000X = $1,850,000

1,000,000X = $1,850,000

X = $1,850,000 / 1,000,000 = $1.85 per CD pack

Y = $1.85 x 1.2 = $2.22 per DVD pack

profits for selling CDs = ($1.85 x 400,000) - $770,000 = -$30,000

profits for selling DVDs = ($2.22 x 500,000) - $980,000 = $130,000

4 0

3 years ago

Define the term collateral and include two examples

Scorpion4ik [409]

Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... An example of unsecured lending is a business credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.

5 0

3 years ago

If suppliers expect the price of their product to fall in the future, then they will

jarptica [38.1K]

...lower the amount of products they create.

8 0

4 years ago