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3 years ago

Which federal law prohibits credit card issuers from sending unrequested cards?

Business

1 answer:

Nikolay [14]3 years ago

7 0

The federal law that prohibits credit card issuers from sending unrequested cards is Truth in Lending Act.

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An example of an inventory accounting policy that should be disclosed in Summary of Significant Accounting Policies is the:_____

ludmilkaskok [199]

Answer:

Option C

Explanation:

The overview of important accounting rules is a portion of the end notes that accompanies the financial statements of an company, outlining the key policies that the finance department is following. The policy overview is prescribed by the accounting system in force (like the GAAP or IFRS).

The approach a corporation uses to assess the inventory expense (inventory valuation) affects the financial reports explicitly. Thus, it should be depicted in summary of accounting policies.

8 0

3 years ago

The financial statements of the Darlington Company report net sales of $500,000 and accounts receivable of $40,000 and $20,000 a

bagirrra123 [75]

The financial statements of the Darlington Company report net sales of $500,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Darlington?

8 0

3 years ago

"Beta Company sells wrist watches at $75 each. Variable cost incurred is $60 for each unit. The break-even point for Beta is 5,0

garri49 [273]

Answer:

Beta must sell 11,180 wrist watches to earn an operating income of $92,700.

Explanation:

Break-even point is the level of sale at which the company is in No Profit and No loss position. It shows that the company has earned enough contribution which covers all the fixed cost of the business.

Selling Price = $75 per unit

Variable cost = $60 per unit

Contribution = Selling Price - Variable cost

Contribution = $75 - $60

Contribution = $15 per unit

Fixed Cost = ?

We can calculate Fixed cost using following formula

Break-even point = Fixed Cost / Contribution per unit

5,000 = Fixed Cost / $15

Fixed Cost = 5,000 x 15 = $75,000

Desired Income = $92,700

We can calculate the sales volume required to earn desired Income of $92,700 by using following formula

Sales Volume = ( Fixed Cost + Desired Profit ) / Contribution per unit

Sales Volume = ( $75,000 + $92,700 ) / $15

Sales Volume = $167,700 / $15

Sales Volume = 11,180 Wrist watches

7 0

3 years ago

Suppose when you are 21 years old, you deposit $1,000 into a bank account thatpays annual compound interest, and you do not with

Fofino [41]

Answer:

The difference between the two rates is $4,428.33.

Explanation:

When the interest is compounded, it is calculated over the value of the investment at the end of the previous year. So, value at year 1 will be 1,000*(1+rate). At second, it will be 1,000*(1+rate)*(1+rate), or 1,000 * (1+rate)^2.

If we extend the analysis, at year 44, the investment will be worth 1,000*(1+r)^44.

If rate is 5 percent, the result of the deposit is 1,000*1.05^44 = 8,557.15

If rate is 6 percent, the result of the deposit is 1,000*1.06^44 = 12,985.48

The difference is 4,428.33.

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3 years ago

It is not necessary to cool down after exercising question 2 options:

Gwar [14]

Im pretty sure it is false. because you can over heat. thats why we open the door after running in the gym...

6 0

3 years ago

Read 2 more answers