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Shkiper50 [21]
3 years ago
9

Summarize the effect of credit card interest on the real cost of items.

Business
1 answer:
JulijaS [17]3 years ago
3 0

Answer with its Explanation:

The result is that some of the credit cards pays interests on the cash surplus and charges interests on the cash deficit. If the interest rate is higher then the interest on the real cost of items that are finance with the negative balance will be charged interest on the higher interest rate because the interest rate is higher. If the interest rate is lower then the effect of credit card interest rate would be higher on the real cost of items.

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Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue,
inna [77]

Answer:

Explanation:

1. Accounts Receivable - Asset (Come under Current Asset)

2. Equipment - Asset (Come under Fixed asset)

3. Fees Earned - Revenue (Come under income statement)

4. Insurance Expense - Expense (Come under income statement)

5. Prepaid Advertising - Assets (Come under Current Asset)

6. Prepaid Rent - Asset (Come under Current Asset)

7. Rent Revenue - Revenue (Come under income statement)

8. Salary Expense - Expense (Come under income statement)

9. Salary Payable - Liability (Come under current liabilities)

10. Supplies - Asset  (Come under Current Asset)

11. Supplies Expense - Expense  (Come under income statement)

12. Unearned Rent - Liability (Come under current liabilities)

6 0
3 years ago
4. what influence may rising house prices have on inflation?
Talja [164]

Answer:

Explanation:

There is a correlation between inflation and house prices. ... When interest rates are low, buying homes can be more affordable and increase the demand for homes. If the supply of homes remains constant and the demand increases, then the prices of homes will increase.

7 0
2 years ago
Kicks corporation sells running shoes and during janurary they ran production machines for 20000 total hours and incurred 9000 i
Dafna11 [192]

Answer:

$0.3 per machine hour

Explanation:

The computation of the variable maintenance cost per machine hour using the high low method is shown below:

Variable cost per machine hour = (High maintenance cost - low maintenance  cost) ÷ (High machine hours - low machine hours)

= ($9,000 - $7,200) ÷ (20,000 machine hours - 14,000 machine hours)

= $1,800 ÷ 6,000 machine hours

= $0.3 per machine hour

7 0
3 years ago
A rock star intentionally sets her ticket prices below what would be necessary to sell out her shows. how might this be justifie
drek231 [11]
<span>the answer to this question is: The revenue sacrificed represents a very small share of the show's revenue
The only way the show can still earn profit by selling cheap tickets is if they're gaining additional revenue from another streatm of income, such as selling merchandise on the concerts, providing beer and snacks, or selling autograph and photos</span>
6 0
2 years ago
The College Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution wi
Strike441 [17]

Answer:

Option (A) is correct.

Explanation:

Given that,

Mean daily demand, M = 20 calculators per day

Standard deviation, SD = 4 calculators per day

Lead time for this calculator, L = 9 days

z-critical value (for 95% in-stock probability) = 1.65 (From z tables)

Normal consumption during lead-time:

= Mean daily demand × Lead time

= 20 × 9

= 180 units of calculator

Safety Stock = z value × SD × L^(0.5)

                     = 1.65 × 4 × (9)^(0.5)

                     = 1.65 × 4 × 3

                     = 19.8 units

Reorder Point = Normal consumption during lead-time + Safety Stock

                        = 180 units  + 19.8 units

                        = 199.8 or 200 units (Approx)

5 0
3 years ago
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