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4 years ago

What is the amount of money you still owe to their credit card company called everfi answers?

2 answers:

6 0

The answer is credit card balance. A credit card balance is the sum of money payable to the credit card company. A new credit card balance may take up to 24 hours to bring up-to-date after a payment has been administered dependent on the Credit Card Company and technique of compensation engaged. The balance can be negative, positive or zero liable on if money is owed if a compensation more than the balance was made or the balance was compensated in complete.

Igoryamba4 years ago

3 0

The fund owed by the credit card holder is known as credit card balance.

Further Explanation:

Credit card:

Generally, Credit card is issued by financial institutes such as banks. Credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and then spend the funds as per their requirements. A credit card can be used for the purchase of goods and services.

Generally, a credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.

Amount of money owed by the credit card company:

The bank issues the credit card with a credit limit. When the user of the credit card uses the funds from the credit card, the fund used by the cardholder is known as credit card balance. The credit cardholder has to pay the used funds to the bank. The due balance is known as credit card balance.

Example: If the bank issues a credit card with a line of credit of $10,000 and the cardholder use $8,000 from the credit card; the money owed by the credit card company is known as credit card balance. Cardholder has to pay the credit card balance to the bank.

Thus, the fund owed by the credit card holder is known as credit card balance.

Learn more:

1. Common credit card fee

brainly.com/question/1124275

2. Charging fee in case of credit card

brainly.com/question/2668305

3. Consequences of non-payment of monthly credit card payment

brainly.com/question/3211811

Answer details:

Grade: Senior School

Subject: Business Studies

Chapter: Money and Banking

Keywords: Credit card, Charges, Credit card charges, Credit card company, Bank, Financial institute, Money, Funds, Fee, Line of credit, Amount owe to credit card company, Amount of money.

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Can this economy produce 6 units of guns and 12 units of butter ? explain

vlada-n [284]

Guns and butter are the example of production possibility frontier(PPF)

Explanation:

Production possibility frontier is a graphical presentation that shows two goods combination and shows how these goods would be produced with efficient utilization of resources.

Guns and butter shows a relation in case of production possibility frontier , it shows how the investment should be done with the minimum resources present in the economy. If the economy is having proper resources for the production of guns and butter then 6 units of guns and 12 units of butter can be produced but while taking decision a nation should be rational , that is how to use the resources.

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3 years ago

How to prevent culture background for affecting businesses

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Answer:

MRCORRECT has answered the question

Explanation:

The influence of cultural factors on business is extensive. Culture impacts how employees are best managed based on their values and priorities. It also impacts the functional areas of marketing, sales, and distribution. It can affect a company's analysis and decision on how best to enter a new market.

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3 years ago

As a group, create a team charter for governing your future CLC activities. The charter should include plans for team building,

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Answer:

First of all to create an effective team charter as road way for your group or team, for governing CLC activities the following needs to be considered

• Who are the people involved

• Who is a team leader and who resolves problems

• How long does it take to create a charter

• How long does the charter last

• Creating a Team purpose and mission to others in the organization

Explanation:

Now the first Method of having a good charter team usually involves the background 

When Creating a charter, you start from the initial stage or point. Questions would be asked on what areas of focus is this charting heading towards. Like what types of project, it would get involved in on the long /short term.

Questions can be asked as the following bellow, 

• Who is a team leader 

• What are the roles of each stakeholder in the team 

The second Method or role after having a startup background is now to focus on the deeper aspects of the charter like 

• How is success evaluated or measured 

• Having a lay down principles to guide the team or group in the right track 

• Define roles each team member would play in terms of the success of the company. 

• Have a mission and vision statement on how the company would grow on the long term 

 

The third Method after the Mission and vision statement is created for a successful team charter, it’s the roles and responsibility of team members. For this stage roles and responsibilities would be assigned to each group in the charter by defining the following terms

• Assign who is doing this for whom and the purpose 

• Having asses on all areas needed for the group to succeed 

• Ensure all Team members voice are known, expressed to their best of abilities. 

• Create what is called RACI (Roles, Accountable, consulted, Informed) roles and responsibilities matrix 

The Fourth Method of a successful team charter is Budget and Resources 

Once roles and responsibility have been established, the team/Group can access the budget and resources to carry out the tasked at hand. 

 

The Fifth Method of a successful team after budget and resources are, 

The internal checks, balance and reviews. 

The Team Members of the charter should decide, also, whether team goals assigned to members will be shown in the team members’ annual reviews. A good example of a reliable system is the SMART goal method The goals should be:

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3 years ago

Determine which shipping alternative would be most economical to ship 125 boxes of parts when each box has a price of $200 and h

harina [27]

Answer: Two-day option at $301.10

Explanation:

Total cost = Cost of Shipment + (H * shipment time)/365

H = Annual earning potential = 125 units * (200 * 30%)

= $7,500

Overnight shipping:

= 300 + 7,500 * 1/365

= $320.55

Two-day

= 260 + 7,500 * 2/365

= $301.10

Six-day

= 180 + 7,500 * 6/365

= $303.29

The Two-day option would be most economical.

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3 years ago

Bag Ladies, Inc. manufactures two kinds of bagslong dash—totes and satchels. The company allocates manufacturing overhead using

Oksi-84 [34.3K]

Answer:

The overhead cost allocated to Totes is $11556 and option c is the correct answer

Explanation:

To allocate the overheads between products using a plant wide rate, we need to calculate the plant wide Overhead absorption rate (OAR). The OAR allocates overheads to each product based on the activity level consumed by each product.

OAR = Budgeted Overheads / Budgeted Absorption base

As the overhead absorption base is the direct labor cost, we first need to determine the total direct labor cost for both the products.

Direct labor cost = 64 * 350 + 51 * 530 = $49430

OAR = 25500 / 49430 = $0.5159 per direct labor cost of $1

Direct labor cost used by Totes = 64 * 350 = $22400

Overheads to be allocated to Totes = 22400 * 0.5159 = $11556.16 rounded off to $11556

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3 years ago