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s344n2d4d5 [400]
3 years ago
10

Define finance charge

Business
2 answers:
nydimaria [60]3 years ago
8 0

Answer:

finance charge is any fee representing the cost of credit, or the cost of borrowing. It is interest accrued on, and fees charged for, some forms of credit. It includes not only interest but other charges as well, such as financial transaction fees.

Explanation:

Setler [38]3 years ago
7 0

Answer:

A finance charge is the cost of borrowing money, including interest and other fees. It can be any fee representing the cost of credit, or the cost of borrowing.

Explanation:

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With the _____ approach, an organization chooses an outsourcing company in a neighboring country, such as when a U.S. organizati
jeka57 [31]

Answer:

a. nearshore outsourcing

Explanation:

Nearshore outsourcing is a business practice related to transferring certain activities and services to people and organizations in neighboring countries.

Since Canada and Mexico are neighboring countries of the US, this is nearshore outsourcing. On the other hand, offshore outsourcing is a type of outsourcing that transfers the activities on to farther countries. In this example, offshore countries would be India or Ukraine.

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3 years ago
Who is John Kulczyk ?
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7 0
2 years ago
Harwood Company uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginn
NNADVOKAT [17]

Under- or Over-Applied Manufacturing Overhead:

Under- or Over-Applied Manufacturing Overhead refers to the balance in the manufacturing overhead control account after the actual overhead costs that were incurred and the applied overhead for the period has been recorded

1 .The appleid overhead is the predetermined rate of $2.40 per machine hour multiplied by the actual number of machine hours (75,000), so it is $180,000.

The applied overhead is debited to work-in-process inventory and credited to the manufacturing overhead account.

2. The underapplied or overapplied overhead for the year is the difference between the actual and applied overhead. We can show it in the T-account like this:

3. The company estimated its total overhead cost to be $192,000 and its total machine hours to be 80,000. The actual overhead cost was $184,000 and the actual machine hours were 75,000. We can see that the main reason why the manufacturing overhead was underapplied was the fact that it worked fewer machine hours than anticipated with a proportional decrease in the manufacturing overhead costs incurred. This is normal because an element of manufacturing overhead is fixed.

To know more about overhead applied manufacturing overhead:

brainly.com/question/14703509

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3 0
1 year ago
If you have two insurance policies on the same property, the ____ clause explains how the two insurance companies will share the
pantera1 [17]

Answer:

e. other insurance clause.

Explanation:

The other insurance clause is found in both property and liability insurance. This clause determines how loss is divided up when multiple policies cover the same loss.

5 0
3 years ago
"Gamboa, Inc. sold 100 selfie sticks for $25 each. If the selfie sticks had an average cost of $1 to produce, how much profit di
IRISSAK [1]

Answer:

$2400

Explanation:

Average cost is the ratio of total cost of production to the total number of units produced, it is the sum of both the average fixed cost and the average variable cost. The average cost is given by the formula:

Average cost = Total cost / number of units.

Given that:

The total number of units produced = 100 selfie sticks, Average cost = $1 and Price of each selfie stick = $25

From Average cost = Total cost / number of units.

Substituting gibes:

$1 = Total cost / 100 selfie stick

Total cost = $1 × 100 = $100

Total cost = $100

Revenue = Price per item × Number of items

Revenue = $25 × 100 = $2500

Profit = Revenue - Total cost

Profit = $2500 - $100 = $2400

Total cost = $2400

5 0
3 years ago
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