Pay off your balance every month.
Explanation
Avoid paying interest on your credit card purchases by paying the full balance each billing cycle. Resist the temptation to spend more than you can pay for any given month, and you'll enjoy the benefits of using a credit card without interest charged
Answer:
The value of inventory is $1600.
Explanation:
The business has two inventory on hand that cost $300 each so total value of inventory = 2 × 300 = $600
The value of four items at $400 each = 4 × 400 = $1600
Total number of items = 2 + 4 = 6
Total value of 6 items = 600 + 1600 = $2200
The value of sold inventory = 2 × 300 = $600
The value of inventory = total value of inventory - The value of sold inventory
The value of inventory = $2200 - $600
The value of inventory = $1600
Calculation of the unit variable cost for canisters:
Unit Variable cost remains same irrespective of the level of the production units. In the given case we are told that in June, ace manufacturing plant produced 100 units of propane canisters for sale and the total variable costs were $5,000. It means the Unit Variable Cost is $5,000 / 100 Units = $50 per unit.
Hence, the unit variable cost shall be $50 per unit at the level of 120 canisters also.
It is stated that Peter has $50 on hand so it means that Peter already decided that he will spend all or less than $50 for a set of towel. So when Peter saw the two brands of the towel and after inspecting the price and quality, he settled for the higher valued towel. There are many reasons you can see why Peter choose the one which has the higher price at $45 that the cheaper one which is $30. One reason is the quality, but I can see that the main reason is that Peter already decided to spend $50 for a towel before going to the store so whatever towel he sees, he will most likely to choose which is nearer the price he set for buying a towel.