Which of the following is a feature of a credit card ?

Your bank offers to pay you a 3% interest rate on a one-year fixed-deposit saving account. The inflation rate is expected to be

Lubov Fominskaja [6]

Answer: By the end of the year I would be worst off

Explanation: This is because my savings would shrink ,although an interest is paid on the fixed account, the interest is not increasing at the rate at which the inflation is growing.

At any time savings don’t increase at the same rate as inflation, the owner of the fixed savings account will effectively lose money.

This is because with an increase in inflation comes a reduction in the buying power of an individual.

7 0

3 years ago

If patricia were to paint her living room alone, it would take 4 hours. her sister naomi could do the job in 5 hours. how long w

Mila [183]

Practicia completes the job in one hour = 1/4

Naoimi completes the job in one hour = 1/5

If Parcticia and Naoimi does it together,let us suppose in x number of hours.

The equation so form is:

(1/4)*x + (1/6)*x = 1 (i.e job finished)

The Least common multiple(LCM) of 4 and 6 = 12

12*(1/4)*x + 12*(1/6)*x = 12*1

Therefore, solving the equation we get,

3x + 2x = 12

5x = 12

x = 12/5

x= 2 2/5 hours or 2.24 hours

Therefore number of hours they took to complete the work is 2 hours and 24 minutes or 2.24 hours.

4 0

3 years ago

Individuals and businesses must choose between the different uses for their available resources. This is called ______ resources

ki77a [65]

The term by which individuals and businesses choose between the different use of available resources is called allocating and it is due to the concept of scarcity.

<h3>What is Scarcity?</h3>

According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.

It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.

Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of allocating resources and due to the concept of scarcity.

Learn more about scarcity here:

brainly.com/question/1088553

6 0

2 years ago

The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $660,000; Office salaries, $132,000; Feder

Lera25 [3.4K]

Answer:

July 31, 202x, salaries expense

Dr Sales salaries expense 660,000

Dr Office salaries expense 132,000

Dr FICA taxes (OASDI) expense 49,104

Dr FICA taxes (Medicare) expense 11,484

Dr FUTA taxes expense 408

Dr SUTA taxes expense 3,672

Dr Life insurance expense 19,500

Dr Medical insurance expense 24,000

Cr Federal income taxes withheld payable 198,000

Cr State income taxes withheld payable 44,000

Cr Social security taxes withheld payable 49,104

Cr Social security taxes payable 49,104

Cr Medicare taxes withheld payable 11,484

Cr Medicare taxes payable 11,484

Cr Medical insurance premiums payable 40,000

Cr Life insurance premiums payable 32,500

Cr Union dues deducted payable 10,000

Cr FUTA taxes payable 408

Cr SUTA taxes payable 3,672

Cr Salaries payable 450,412

July 31, 2021, payment of salaries payable

Dr Salaries payable 450,412

Cr Cash 450,412

Explanation:

Sales salaries, $660,000;

Office salaries, $132,000;

Federal income taxes withheld, $198,000;

State income taxes withheld, $44,000;

Social security taxes withheld, $49,104;

Medicare taxes withheld, $11,484;

Medical insurance premiums, $16,000;

Life insurance premiums, $13,000;

Union dues deducted, $10,000; and

Salaries subject to unemployment taxes, $68,000.

FUTA = $408
SUTA = $3,672

4 0

3 years ago

A major argument of the podcast is that corporations have the power to change their employee's behaviors and even how they see t

Viktor [21]

The correct answer to this open question is the following.

This can relate to my own understanding of business ethics in that corporations do really have a certain influence on employee's behaviors, but up to the point of reference or comparison. Employees have their own belief systems inherited by parents, family, and primary groups of reference.

It could make sense to look at corporate's capacity for global change at this level if the leaders are truly committed to sharing positive values that not only impact the workplace but can be extended to all areas of life.

Indeed, the workplace is where most people spend most of the time during the week. So it would be good that corporate leaders could create the kind of corporate culture in which employees feel comfortable, listened to, and appreciated.

If this is the case, corporations really can have a certain influence on employee's behaviors. Unfortunately, in most corporations, employees can see their leaders setting the example. On the contrary, these leaders are the ones that first break the rules and behave in different or questionable ways.

6 0

3 years ago