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
Serjik [45]
2 years ago
10

Collectively, what are the interest costs and other fees for using a credit card called?. A. balance B. credit line C. finance c

harge
Business
2 answers:
Nana76 [90]2 years ago
8 0
The correct answer to this question is this one: "C. Finance Charge." <span>Collectively,  the interest costs and other fees for using a credit card called the finance charge. IT has something to do with the charges after you used the credit cards.</span>
Charra [1.4K]2 years ago
3 0

Collectively, the interest costs and other fees for using a credit card are called finance charge . Correct answer: C

Finance chage is the fee charged for the use of credit or the extension of existing credit, which includes  the cost of carrying the debt itself along with any related transaction fees, account maintenance fees or late fees charged by the lender.

You might be interested in
Financial risk management is a component of enterprise risk management (ERM). ERM encompasses the methods and procedures used by
KiRa [710]

Answer:

Business risk.

Explanation:

Business risk (uncertainty associated with the ability to forecast EBIT due to factors such as sales variability and operating leverage).

6 0
2 years ago
A corporation issued $580000, 10%, 5-year bonds on January 1, 2020 for $626400, which reflects an effective-interest rate of 7%.
ioda

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

For Jan.1,2020 value = $626,400

Interest rate = 7%

So, we can calculate the amount of bond interest expense by using following formula:

Interest Expense = Carrying Value × Market Interest Rate

By putting the value of following

Interest expense = $626,400 × 7%

= $626,400 × 0.07

= $43,838

Hence, the amount of bond interest expense to be recognized on December 31, 2020, is $43,838.

7 0
3 years ago
Lap Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a par
SpyIntel [72]

Answer:

The cost of the units completed and transferred out of the department was $825,000.

Explanation:

The costs per equivalent unit for the month were $2.00 for materials and $3.50 for conversion costs.

= 150,000 units × ($2.00 + $3.50) = $825,000.

7 0
3 years ago
Which type of shopping is characterized by activities oriented toward a specific, intended purchase or purchases?
IrinaVladis [17]

The type of shopping that is being identified above is acquisitional shopping because this is where consumers have the intention of visiting or going to the store to shop in a way that they would purchase products and acquire for services. It could be seen above as the shopping is characterized because of the consumers will of having to purchase a specific product.

5 0
3 years ago
Ravi wants to be his own boss and run his own business. His friend, Josh, suggested that an inexpensive way to get started is to
sladkih [1.3K]

Answer:

This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".

Explanation:

Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.

8 0
3 years ago
Other questions:
  • 16. Which of the following cuts is ideal for smoking?
    6·2 answers
  • All unethical behavior is criminal. True or False
    10·1 answer
  • If omar company applies overhead to jobs on the basis of direct labor hours and job 3 took 120 hours, how much overhead should b
    12·1 answer
  • What is the first step in financial planning?
    5·2 answers
  • Executives at Energex Enterprises are trying to determine whether it would be better to own and operate a factory overseas or to
    13·1 answer
  • The process of globalization involves an increase in Blank Space __________.
    5·1 answer
  • ​_____________ is the largest single group in the U.S. business labor​ force, and this group dramatically benefits from informat
    7·1 answer
  • While she was travelling, Zainab took advantage of the convenience of cash withdrawals on her credit card since her Canadian deb
    5·1 answer
  • What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 6.85
    11·1 answer
  • Which of the following is a benefit of insurance?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!