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3 years ago

Which situation would result in a credit card issuer charging a late-payment fee?

1 answer:

6 0

A credit card issuer would charge a late-payment fee if there is an unpaid minimum credit card fee or other payment from your credit card until the due date. The late-payment fee is calculated based on your unpaid minimum credit card fee. It will not exceed the amount of your unpaid minimum<span> credit card fee.</span>

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Machinery was purchased for $340,000 on January 1, 2017. Freight charges amounted to $14,000 and there was a cost of $40,000 for

creativ13 [48]

Answer:

$133,600

Explanation:

Straight line depreciation expense = (cost of asset - salvage value) / number of year

Cost of asset = $340,000 + $14,000 + $40,000 = $394,000

($394,000 - $60,000) / 5 = $66,800

The amount of accumulated depreciation at December 31, 2018 = $66,800 x 2 = $133,600

4 0

2 years ago

Shareholders in Frontier Communications were not pleased to learn that the company's market share had changed from 40 to 21 perc

Alja [10]

Answer:

$47.5\%$

Explanation:

Given: The company's market share had changed from 40 to 21 percentage points.

To find: percent change in market share

Solution:

Change in percentage of company's market share $=40-21=19$

Percent change in market share = (Change in percentage of company's market share ÷ 40) × 100

$=\frac{19}{40}(100)=47.5\%$

6 0

3 years ago

Elaine is upset with her group members because she wanted to lead the group but is not allowed to. She found that other group me

AnnyKZ [126]

Using Tuckman’s stages of group development, we know that Elaine’s group is going through a stage called storming.

In this stage of group development, aside from having difficulties in adjusting to their roles, Elaine’s group and group members would also experience disagreements regarding priorities, tensions between one another, hostility with each other, and there would also be cliques forming inside the group.

7 0

3 years ago

Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if

ahrayia [7]

The answer is 40,000

3 0

3 years ago

Howard Co. had the following first-year amounts for a $7,000,000 construction contract: Actual costs $2,000,000 Estimated costs

Dmitrij [34]

Answer:

estimated loss from the project is $1,000,000

correct option is a. ($1,000,000)

Explanation:

given data

contract price = $7,000,000

Actual costs = $2,000,000

Estimated costs = 6,000,000

Progress billings = 1,800,000

Cash collected = 1,500,000

to find out

What amount should Howard recognize as gross profit (loss)

solution

we get in the amount to complete the project that is

amount to complete = contract price - Actual costs - Estimated costs

amount to complete = $7,000,000 - $2,000,000 - 6,000,000

amount to complete = - $1000000

so estimated loss on project

so that the total $1,000,000 loss must be recognize

so correct option is a. ($1,000,000)

5 0

3 years ago