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
Aleksandr-060686 [28]
3 years ago
15

By making minimum payments on a credit card, the consumer can A. Avoid paying late fees B. pay off the balance quicker C. lessen

the total amount owed D. avoid paying compounding interest
Business
2 answers:
andreyandreev [35.5K]3 years ago
5 0

Answer:

A

Explanation:

It only avoid late payments. Most of the time it is not good to pay minimum amount .

Mamont248 [21]3 years ago
4 0

Answer:

i belive the answer is A

Explanation:

You might be interested in
The following is an example of _____ stop by our store this Saturday between 2 and 4 to get a free gift
Y_Kistochka [10]

Answer: a call to action

Explanation:

6 0
3 years ago
Kelly Company issued $100,000 of 5%, 10-year bonds at 102 to a single investor. Each of the $1,000 bonds was convertible into 10
Angelina_Jolie [31]

Answer:

The amount credited to common stock upon conversion of the bonds is $101000

Explanation:

When the bond was issued there would been a debit of $102000($100000*$102/$100) to cash account and credit of $102000 to liabilities split into $100000 bonds payable and $2000 bond premium.

However, on conversion to common stock with premium of $1000 outstanding in the books,the amount to be credited into common stock account is the issue value less outstanding premium.

The amount credited to common stock=$102000-$1000=$101000

This can be shown with entries below:

Dr Bond payable     $100000

Dr Bond premium    $1000

Cr Common stock                      $101000

3 0
3 years ago
Balance sheet and income statement data indicate the following:
Law Incorporation [45]

Answer:

The correct option is d. 5.5.

Explanation:

Note: This question is not properly arranged. It is therefore rearranged before answering the question as follows:

Balance sheet and income statement data indicate the following:

Bonds payable, 10% (due in two years)                              $842,000

Preferred 5% stock, $100 par (no change during year)       220,000

Common stock, $50 par (no change during year)             1,672,000

Income before income tax for year                                       376,000

Income tax for year                                                                  89,000

Common dividends paid                                                         83,600

Preferred dividends paid                                                          11,000

Based on the data presented, what is the times interest earned ratio (rounded to one decimal place)?

Oa. 7.9

Ob. 4.5

Oc. 3.5

Od. 5.5

The explanation of the answer is now given as follows:

The times interest earned ratio can be calculated using the following formula:

Times interest earned ratio = EBIT / Interest expenses ................ (1)

Where;

Interest expenses = Bonds payable * 10% = $842,000 * 10% = $84,200

EBIT = Earnings before interest and taxes = Income before income tax for year + Interest expenses = $376,000 + $84,200 = $460,200

Substituting the values into equation (1), we have:

Times interest earned ratio = $460,200 / $84,200 = 5.46555819477435

Rounded to one decimal place, we have:

Times interest earned ratio = 5.5

Therefore, the correct option is d. 5.5.

4 0
3 years ago
Three examples of capital as a factor of production, and explain how it is different from land?
Morgarella [4.7K]
<span>Capital as a factor of production is defined as the tangible products made by labor.
</span>Land as a factor of production means not just the surface of the earth, but everything in the universe that wasn't created by people. This includes all natural resources, such as air, water, plants, sunlight, rocks, and minerals. 
Examples:
1) Clothes ( because you have to be clothed)
2) Milk ( you immediately want to consume it)
3) Wine ( grapes go in wine comes out) 
You don't need to use the parenthesis I just wanted to explain to help you understand. 

4 0
3 years ago
Read 2 more answers
On January 1, 2016, the Accounts Receivable balance was $28,100 and the balance in the Allowance for Doubtful Accounts was $3,20
g100num [7]

Answer:

Net Accounts receivable = $24900

so correct option is c) $24,900

Explanation:

given data

Accounts Receivable balance = $28,100

Doubtful Accounts = $3,200

uncollectible account = $940

to find out

net realizable value of accounts receivable immediately

solution

we get here first Accounts receivable that is

Accounts receivable = Accounts Receivable balance - uncollectible account    ...............1

Accounts receivable = $28,100 - $940

Accounts receivable = $27160

and

allowance will be here

allowance = Doubtful Accounts - uncollectible account  .................2

allowance = $3,200 - $940

allowance = $2260

so Net Accounts receivable is

Net Accounts receivable = $27160 - $2260

Net Accounts receivable = $24900

so correct option is c) $24,900

4 0
3 years ago
Other questions:
  • Any comparison of the advantages of one family structure over another depends partly on the parents and partly on the:
    11·1 answer
  • In the context of the disconfirmation paradigm, _____ are desired or anticipated product/service outcomes and include "pre-consu
    8·1 answer
  • During the taking of its physical inventory on December 31, Almond Supplies Company incorrectly counted its inventory as $545,00
    11·1 answer
  • Rotweiler Obedience School's December 31, 2015, balance sheet showed net fixed assets of $1,780,000, and the December 31, 2016,
    10·1 answer
  • If there is capital flight from the United States, then the demand for loanable funds a. shifts left while the supply of dollars
    7·1 answer
  • Ginny currently earns a (real or nominal) wage of $12.00 per hour; in other words, the amount of her paycheck each week is $12.0
    11·1 answer
  • A jet ski depreciates at 11% of its original value each year. If the jet ski was $8000 at its time of purchase, what is the valu
    5·1 answer
  • Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection perio
    9·1 answer
  • E-Eyes Bank just issued some new preferred stock. The issue will pay a $9 annual dividend in perpetuity, beginning 6 years from
    12·1 answer
  • Kamiar owed Rubio $5,000, which was due in one year. There was no dispute that a debt existed and no dispute over the amount. Ho
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!