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Sholpan [36]
3 years ago
8

Why is it important to know the interest rate on your credit card?

Business
2 answers:
miv72 [106K]3 years ago
8 0
The higher the interest rate, the more money you will pay back from using their credit card.
WINSTONCH [101]3 years ago
6 0

Answer: The higher the interest rate, the more money you will be paying back

Explanation:

It is important to know the interest rate on your credit card, that way you know how much you are capable of paying back without losing by working harder to repay the interest capped on your credit card. Hence, with low interest rate the tendency of paying back is faster.

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Wyly Inc. produces and sells a single product. The selling price of the product is $215.00 per unit and its variable cost is $66
Tanzania [10]

Answer:

c. $587,100.

Explanation:

The computation of the break even sales in dollars is shown below:

Break Even Sales = Fixed Cost ÷ Contribution Margin Ratio

where,

Fixed cost is $405,099

And, the contribution margin ratio is

= (sales price - variable cost) ÷ sales price

= ($215 - $66.65) ÷ $215

= 69%

Now placing these above formulae to the given formula

= $405,099 ÷ 0.69

= $587,100

Hene, the correct option is c. $587,100

5 0
3 years ago
Noah’s family has been out of control with their spending lately. They have decided to come up with a spending plan to help them
KIM [24]

Answer:

The correct answer is C. A budget.

Explanation:

A budget is a document whose function is to organize the money flows of a certain organization, reflecting the financial effects of the different decisions that the organization makes. Thus, the budget is a coordination between the wants and needs, and the economic possibilities that the organization has to meet those wants and needs. In addition, a budget allows to determine economic and financial objectives, and control the entry and exit of money efficiently, to avoid certain unnecessary expenses, thus optimizing the return on money.

4 0
3 years ago
Which of the following are reported at fair value except trading securities: a) held-to-maturity securities b) available-for-sal
horsena [70]

Answer:

B. Available for sale securities

Explanation:

Available for sale securities refer to debt or equity instrument. They are purchased with a pre defined aim of selling them before their maturity, for  profit earning. Such profit is usually a 'quick capital gain'. Apart from profit, they also assist for liquidity, repaying needs of companies.

These equities are reported at 'fair value'. This implies that unrealised gains & losses are not included in earnings. They are rather recorded in a specific segregated item head 'accumulated other comprehensive income' of shareholder's equity.

8 0
3 years ago
A product's purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value gives the _______
CaHeK987 [17]
<span>I believe the answer for you question would be life-cycle</span>
4 0
4 years ago
Tom frequently _______ in the 4 of his friends and family. My Answer:
Vesnalui [34]
The correct answer is meddles. The sentence will be phrased as, Tom frequently meddles in the 4 of his friends and family. 
Medals are a noun which is defined as receiving a reward because of an achievement from a specific field.
Metals are inorganic objects such as Aluminium and others.
Mettles doesnt exist. 
6 0
4 years ago
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