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Sergeeva-Olga [200]
4 years ago
9

In two to three sentences, describe how making minimum payments on credit card balances increases the total cost.

Business
1 answer:
rjkz [21]4 years ago
3 0

Answer:

If you only make the minimum payment on your credit card, it could take years to pay off the balance. you could end up spending hundreds, in interest by the time the balance is required.

Explanation:

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A company would like to produce 1000 products per week for 30 weeks. The Direct Material Cost for the raw materials used in the
ella [17]

Answer:

$60000

Explanation:

Their are 1000 products to produce per week for 30 weeks.

Total of product = 30* 1000

= 30000

For every 100 products, the filter needs to be changed, and it cost $50.

The number of filter used is

= 30000/100

= 300.

So the product cost $1.5

Total cost =

($1.5*30000)+($50*300)

= $45000+$15000

= $60000

4 0
3 years ago
Robinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary
forsale [732]

Answer:

deferred income tax benefit during 2018:     6,700

deferred income tax liability ending balance 27,400

Explanation:

beginning deferred tax laibility 34,000

this will change to 21,000 for the tax rate change

(100,000 x 21% = 21,000)

thus there is a decrease of 13,000 in the tax liablity

Then:

book income                    400,000

temporary differenc(net): (30,000)

Taxable income               370,000

30,000 x 21% = 6,300 additional deferred tax expense

13,000 benefit - 6,300 deferred tax expense = 6.700 benefit

5 0
3 years ago
Unexpectedly high inflation tends to hurt ________ most
a_sh-v [17]
Unexpectedly high inflation tends to hurt lenders the most. When lenders lend money, it is valuable ,  but the amount of money that must be returned to him/her is fixed. Over time, the value of the money keeps depreciating and finally when the borrower does return the money, the value decreases to a very small amount, which is not worth much. For example, let's say a borrower borrows money from a lender to buy a car. With time, the value of money depreciated so much that when the borrower finally returns the money, the same amount of money is not even worth buying a box a matches!
5 0
4 years ago
A tariff:_________.
Sergio [31]

Answer:

<h2>C. Makes domestic consumer worse off. </h2>

Explanation:

A tariff is levied on the exports and imports between two countries. It is meant to regulate the foreign trade and encourage the domestic industries and safeguard them from the competition of foreign goods. Tariffs are source of income for states. Tariffs and import export quotas are most used instruments of protectionism. Tariffs are fixed or variable.

It can put the domestic consumer in an advantageous position as due to tariffs they would not be able to get less costly products.

8 0
3 years ago
Within a PPF framework, explain each of the following:_______.
ra1l [238]

<u>Explanation:</u>

a. <em>Remember</em>, the PPF (Production Possibility Frontier) framework allows for the selection of a preferred choice as regards budget spending. Hence, in such a situation, it calls for a choice to be made.

b. According to the PPF framework, where there is an increase in the population, it is expected that such change would result in an increase in the labor force capacity; and ultimately leading to an upward shift in the PPF curve. Thereby, increasing the overall production of the economy.

c. Within the PPF framework, a technological change that makes resources less specialized will result also result in an upward shift in the PPF curve.

3 0
3 years ago
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