1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina86 [1]
3 years ago
7

When you use a stored-value card, debit card, or credit card, the money you spend is coming from different places. From where is

the money deducted when you use each card?
Business
1 answer:
Alina [70]3 years ago
5 0
It is deducted from your bank account.
Debit cards directly deduct from your account, while credit cards add the transactions up (on your account) and you pay at the end of the month.
You might be interested in
In its first month of operation, Tamarisk, Inc. purchased 230 units of inventory for $8, then 330 units for $9, and finally 270
aivan3 [116]

Answer:

Phantom profit= $500

Explanation:

Giving the following information:

Purchased: 230 units for $8

Purchased: 330 units for $9

Purchased: 270 units for $10.

At the end of the month, 310 units remained.

The method with the highest ending inventory will result in the lowest cost of goods sold.

First, we need to calculate the ending inventory under FIFO method.

FIFO (first-in, first-out):

Ending inventory= 270*10 + 40*9= $3,060

Now, we calculate the ending inventory under the LIFO method and compare it with FIFO.

LIFO (last-in, first-out)

Ending inventory= 230*8  + 80*9= $2,560

Phantom profit= 3,060 - 2,560= $500

8 0
4 years ago
owner withdrawals cause a(n) (increase/decrease) in owner's equity and are recorded directly in owner's (capital/withdrawal/equi
Alla [95]

Owner withdrawals cause a decrease in owner's equity and are recorded directly within the owner's withdrawal.

<h3>What is a withdrawal?</h3>

Withdrawals are variables in an economy that leak the circular flow of income and reduce the dimensions of national income. Withdrawals include savings, taxation, and imports.

To know more about withdrawal go to the given link:

brainly.com/question/2933232

#SPJ4

6 0
2 years ago
Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 Issue 10% bonds (at
Alja [10]

Answer:

 1st Plan Earning per Share $  1.80

2nd Plan Earning per Share $ 2.30

<em>The Second Plan provides better earnings per share.</em>

Explanation:

1st Plan:

Income before Interest and taxes 1,008,000

Bonds Payable Interest:              <u>     (144,000)  </u>

Income before taxes                        864,000

Income tax expense                     <u>   (345,600)  </u>

Net Income                                        518,400

<u>Quantity of Common Stock:</u>

$ 1,440,000 / $5 = 288,000

Earing per share:

518,400 / 288,000 = $1.80

2nd Plan:

Income before Interest and taxes 1,008,000

Bonds Payable Interest:              <u>      (72,000)  </u>

Income before taxes                        936,000

Income tax expense                     <u>   (374,400)  </u>

Net Income                                        561,600

Preferred Shares Dividends            (120,000)

Available for common stock            441,600

<u>Quantity of preferred Stock:</u>

$1,200,000 / $10 =120,000 shares

Dividends on Preferred Shares:

120,000 x $1 = 120,000

<u>Quantity of Common Stock:</u>

$ 960,000 / $5 = 192,000

Earing per share:

441,600 / 192,000 = $2.30

3 0
3 years ago
Montana company was authorized to issue 125,000 shares of common stock. the company had issued 54,000 shares of stock when it pu
ycow [4]
Do you have Any answer choices
4 0
3 years ago
Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou
jeka57 [31]
The best saving account that Anthony should take is letter D, daily compounding. Daily compounding could provide him the best rate of return to his interest and this could provide him the interest that he deserves every time he deposits money on his bank account. This could not only be best in returning his interest but it could also provide the interest he deserves.
6 0
4 years ago
Other questions:
  • Which of the following is exchange traded?
    7·1 answer
  • A(n) ________ is thought of as an overarching system of formal and informal relationships within which the firm participates to
    11·1 answer
  • Why is a sales tax a regressive tax?
    5·1 answer
  • All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______
    14·1 answer
  • Match each scenario with the correct term. IPO, stock, mutual fund and NASDAQ. These are the scenarios:
    14·2 answers
  • Discuss some ways a large insurance company such as allstate, progressive, or state farm might use social media tools such as mi
    13·1 answer
  • Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $53 per unit. The
    7·1 answer
  • If you are denied credit, a job, a license, an insurance policy, or a loan based on your credit report, you are entitled to rece
    11·1 answer
  • Walters Corporation sells radios for $50 per unit. The fixed costs are $525,000 and the variable costs are 60% of the selling pr
    9·1 answer
  • means violating the rights of a copyright holder, while means taking another person's work and presenting it as your own.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!