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3 years ago

What's the difference between a debit card and a cash card

2 answers:

5 0

A cash card will only allow you to make ATM (Automatic Teller Machine) withdrawals. A debit card will allow you to pay directly for goods and services in any place where your card's payment network (Visa, Maestro, etc.) is accepted.

hope this helped :)
alisa202

emmainna [20.7K]3 years ago

5 0

Debit you take right out of your account. Credit, you wait and pay the money later

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Condensed financial data are presented below for the Phoenix Corporation:

dybincka [34]

Answer:

profit margin 7.77%

Interpretation: from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

Interpretation: the inventory is sold 3 and a half times during the year

Explanation:

the profit margin is the quotient between net income and sales.

$\frac{net \: income}{sales} = $profit margin$

127,500 / 1,640,000 = 7.77%

the inventory turnover wil be the cost of good sold over the average inventory during the year

(312,500 + 257,500)/ 2 = 285,000

982,500 / 285,000 = 3,447368421

6 0

3 years ago

14-2B (Issuance and Retirement of Bonds) StarCenter Co. Is building a new music arena at a cost of $5,600,000. It received a dow

mezya [45]

Answer:

there are no requirements, but I assume that they ask about issuance costs and their amortization:

market price of the bonds:

PV of face value = $5,000,000 / (1 + 10%)²⁰ = $743,218

PV of coupon payments = $400,000 x 8.5136 (PV annuity factor, 10%, 20 periods) = $3,405,440

market price = $4,148,658

Journal entry to record issuance and bond issue costs

January 1, 2013

Dr Cash 4,088,658

Dr Discount on bonds payable 851,342

Dr Bond issue costs 60,000

Cr Bonds payable 5,000,000

amortization of bond discount and issue costs = ($4,088,658 x 10%) - $400,000 = $8,865.80 ≈ $8,866

allocation to bond issue costs = ($60,000 / $911,342) x $8,866 = $583.71 ≈ $584

allocation to bond discount = $8,866 - $584 = $8,282

Journal entry to record first coupon payment

January 1, 2014

Dr Interest expense 408,866

Cr Cash 400,000

Cr Discount on bonds payable 8,282

Cr Bond issue costs 584

4 0

3 years ago

Which of the following statement shows the financial position of a business entity as on date

svlad2 [7]

Answer:

b) balance sheet

Explanation:

Balance sheet: The assets liabilities and stockholder equity are reported in the balance sheet. The accounting equation that is displayed below is used in this:

Total assets = Total liabilities + stockholder equity

The balance sheet debit and credit side should always be equal and balanced.

In addition, it is always prepared on the date specified plus it is also reflects the financial position, financial performance of the company.

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4 years ago

Choose TWO of the responses that describe disadvantages of Roth IRAS

insens350 [35]

Answer:

You pay taxes upfront

the maximum contribution is low

Explanation:

UTP quiz

6 0

3 years ago

The operator of the local mall wants to find out how many of the mall's employees make purchases in the food court when they are

schepotkina [342]

The correct answer is "to survey every 30th employee entering each mall entrance for one week".

Why is it considered to be the best method to get a random sample of the employees? The 30th employee, who enters the mall for the week is a random element and may work at different locations in the mall, which gives you a better random sample for the survey.

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3 years ago