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4 years ago

Socialism is described

Business

1 answer:

BlackZzzverrR [31]4 years ago

7 0

Socialism is when the government controls the means and ends of business and trade.

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Which section of a Schumer Box discusses what happens when a payment is late?

Mars2501 [29]

Answer:

Penalty APR and When It Applies

Explanation:

A Schumer Box is a table that explains the costs of a credit card in the United States. It has sections like:

-Annual Percentage Rate (APR) for Purchases: It indicates the annual rate that you will be charged when you use the credit card to make a purchase.

-How to Avoid Paying Interest on Purchases: It indicates the specific situation in which you would be exempted from paying interest on a purchase.

-Penalty APR and When It Applies: It indicates the specific situations in which you would have to pay a higher interest rate as an infraction for things like making a late payment.

-Variable Rate and Balance Computation: It indicates how the interest rate can change and how the finance charge is calculated.

According to this, the answer is that the section of a Schumer Box that discusses what happens when a payment is late is Penalty APR and When It Applies.

8 0

3 years ago

The following data concerns a proposed equipment purchase: Cost $144,000 Salvage value $4,000 Estimated useful life 4 years Annu

zvonat [6]

Answer:

Option (B) is correct

Explanation:

Depreciation expense:

= (cost - salvage value) ÷ estimated useful life

= ($144,000 - $4,000) ÷ 4

= $35,000

Average investment:

= (cost + salvage value) ÷ 2

= ($144,000 + $4,000) ÷ 2

= $74,000

Net income:

= Annual net cash flows - Depreciation expense

= $46,100 - $35,000

= $11,100

Accounting rate of return:

= (Net Income ÷ Average investment) × 100

= ($11,100 ÷ $74,000) × 100

= 15%

8 0

3 years ago

Carrabelle Company has provided the following information: Sales price per unit $56 Variable cost per unit 12 Fixed costs per mo

lutik1710 [3]

Answer:

The Contribution margin ratio (CRM) is 78.57%

Explanation:

CRM (Contribution margin ratio), it indicates the percentage (%) of each sales dollar available to cover the fixed assets as well as profits of the company.

The formula to compute the contribution margin ratio (CMR) is as:

CMR (contribution margin ratio) = (Sales - Variable expense) / Sales

where

Sales amounts to $56

Variable cost or expense amounts to $12

Putting the values above:

CRM (contribution margin ratio) =($56- $12) / $56

= $44 / $56

= 78.57%

5 0

3 years ago

PLEASE HELPPP‼️

Serhud [2]

Answer: I think that the answer is D

7 0

3 years ago

The potential gross income of a warehouse is $4,200 a month and the vacancy rate is 2 1/2%. The taxes are $3750, the monthly mai

Marrrta [24]

Answer:

$238,320

Explanation:

First we should determine the total yearly revenue:

$4,200 (monthly income) x 12 = $50,400 - 2.5% (vacancy rate) = $49,140

Now we must determine the expenses:

monthly maintenance costs = $350 x 12 = $4,200 per year

taxes = $3,750 per year

monthly reserves for replacement = $250 x 12 = $3,000 per year

management fees = $500 x 12 = $6,000 per year

quarterly landscaping fees = $600 x 4 = $2,400 per year

Total revenues $49,140

maintenance costs ($4,200)

taxes ($3,750)

reserves for replacement ($3,000)

management fees ($6,000)

<u>landscaping fees ($2,400) </u>

net profit per year $29,790

warehouse value = $29,790 / cap rate = $29,790 / 12.5% = $238,320

5 0

4 years ago