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Inessa [10]
3 years ago
13

The goal of any credit card holder should be to A. run up as much debt as possible. B. use the bankruptcy filing as a way to red

uce debt. C. avoid excessive credit card debt. D. pay the least possible each month.
Business
1 answer:
DedPeter [7]3 years ago
4 0
The goal of any credit card holder should be to C.) AVOID EXCESSIVE CREDIT CARD DEBT.

Credit cards are used for the purpose of convenience. Instead of bringing cash to pay for purchases, credit cards are swiped as payment for said purchases. These cards are short-term loans. Its balance should be paid before due date to avoid paying for interest. Its use should not be abused.
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Raspberry Company's actuary has computed its prior service cost to be $8,000,000. Raspberry amortizes the prior service cost by
Andrews [41]

Answer: $910,000

Explanation:

Pension expense is calculated by the formula:

= Prior Service cost  for the year+ Service cost + Interest cost - Expected return on plant assets

Prior Service cost = Prior service cost / Service life of active employees

= 8,000,000 / 20

= $400,000

Expected return on plan assets = Plan assets * Interest rate

= 1,500,000 * 10%

= $150,000

Pension expense = 400,000 + 560,000 + 100,000 - 150,000

= $910,000

3 0
3 years ago
Home of households, inc., has an appliance manufacturing plant in the chicago area. the company specializes in producing smaller
Allushta [10]

Answer:

Exporting.

Explanation:

Exporting is the process where goods and sert are produced on one country and sold to buyers in another country. Usually contries produce goods they in which they incur low cost compared to other countries for export.

Home of households produces smaller washers and dryers for countries where consumers have less living space. So they are exporting.

6 0
3 years ago
Plastic Company purchased 100 percent of Spoon Company's voting common stock for $666,000 on January 1, 20X4. At that date, Spoo
ziro4ka [17]

Answer: $68,600

Explanation:

Investment Income using Equity method = Plastic company Share in income of Spoon company - Depreciation on Assets

Plastic Company share in Income of Spoon Company = 100% * 78,000 = $78,000

Land cannot be depreciated so only Equipment will be depreciated.

= 94,000/10 years

= $9,400

Investment Income using Equity method = 78,000 - 9,400 = $68,600

6 0
3 years ago
LO 2.3Which of the following methods of cost estimation relies on only two data points?
denis23 [38]

Answer:

the high-low method

Explanation:

The high-low method -

It is the method used by comparing the total cost of the highest level of activity with the lowest level of activity , is referred to as the high - low method.  

This method is used in order to separate the fixed and variable costs for a limited amount of data .

Hence , this method compare the data of two points .

Therefore , the correct option from the given options is the high - low method.

7 0
3 years ago
What are three common factors that make local economics different
Monica [59]

Local economics differ from national economics because locally different cities vary in population, the environment where they live and the location. Each of these factors change how items are produced and consumed and play into the national economic level. The population where you live helps determine the demand and supply of items in the area. The environment in which you live (natural disasters, resources, land type) determine the types of goods and services that are available and important in the area. The location in which you live helps determine the ease or difficulty of receiving items in the region you live in.

3 0
3 years ago
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