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3 years ago

When using a credit card, how can you avoid paying high interest rates on your balance?

Business

1 answer:

Tema [17]3 years ago

4 0

Answer:

Pay the entire balance within the grace period specified by the financial

institution.

Explanation:

With each credit card there are conditions that allow to pay the bill in days were the interest has not been generated. The idea is to identify those periods and make the payment before this grace ends.

You might be interested in

What are the three factors which make an acceptable medium of exchange?

NNADVOKAT [17]

- equal

- value

- legality

Please vote my answer branliest! Thanks.

4 0

3 years ago

A traditional GAAP income statement does not help managers to predict the financial results of their decisions. Which of the fol

Amiraneli [1.4K]

Answer:

A) The GAAP statement is based on cost function rather than cost behavior.

Explanation:

Income statements that follow GAAP rules categorizes expenses based on their business function: product, selling or administrative.

While cost behavior categorizes costs based on how they influence a company's activities: variable, fixed and mixed. When a manager wants to measure the impact of any decision he/she makes, they need to use this type of categorization. For example, if fixed costs increase, what is the new break even point? If variable costs decrease, how is the marginal cost affected?

7 0

3 years ago

Jager Inc. holds 30% of the outstanding voting shares of Kinson Co. and appropriately applies the equity method of accounting. A

Kazeer [188]

Answer:

$ 13,750

Explanation:

Calculation to Determine the amount of Equity in Investee Income that Jager should have reported for 2018

First step is to calculate the intercompany unrealized gain

Remaining inventory — end of year $ 50,000

Gross profit percentage ($33,600 ÷ $96,000)x 35%

Profit within remaining inventory$ 17,500

Intercompany unrealized gain$ 5,250

(Ownership percentage 30%*$ 17,500=$5,250)

Now let calculate the amount of Equity in Investee Income that

Equity in investee income:

Equity income accrual $ 30,000

($100,000 x 30%)

Less Deferral of intercompany unrealized gain ($5,250)

Less Goodwill amortization ($ 11,000)

Equity in investee income$ 13,750

($30,000-$5,250-$11,000)

Therefore the amount of Equity in Investee Income that Jager should have reported for 2018 will be $ 13,750

3 0

3 years ago

In the New Economy, people are most rewarded through education and intellectual growth when they spend years studying a broad ar

aliya0001 [1]

Answer:

False

Explanation:

The formal education setting has not been changing at the same rate with the daily changes in business, technology and other socio-economic elements.Therefore people who spend years studying a broad array of subjects in formal educational settings are less likely to be rewarded through education and intellectual growth.

7 0

3 years ago

No-Toxic-Toys currently has $400,000 of equity and is planning an $160,000 expansion to meet increasing demand for its product.

4vir4ik [10]

Answer:

OPTION 1:

net income = $100,000

return on equity = $100,000 / $400,000 = 25%

OPTION 2:

net income = $100,000 + $50,000 - ($160,000 x 8%) = $150,000 - $12,800 = $137,200

return on equity = $137,200 / $400,000 = 34.3% (yields highest returns but also increases risk)

OPTION 3:

net income = $100,000 + $50,000 = $150,000

return on equity = $150,000 / ($400,000 + $160,000) = $150,000 / $560,000 = 26.79%

6 0

3 years ago