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
OLga [1]
3 years ago
13

Which of the following is not true about credit cards

Business
1 answer:
givi [52]3 years ago
5 0
Can i see the answer choices
You might be interested in
Why the exist an economy?
MAVERICK [17]

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people

hope this helps

Explanation:

4 0
2 years ago
On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal
anzhelika [568]

Answer:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

Explanation:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

5 0
3 years ago
The real wages of workers will tend to be high when
DIA [1.3K]

Answer:

When labor productivity is high.

Explanation:

According to neoclassical economic theory, real wages are equal to the marginal product of labor (MLP). The marginal product of labor is the extra output produced by one extra unit of labor (one extra worker).

If the MPL is high, this means that workers are very productive, and therefore, are paid a high real wage accordingly.

This is why countries with high labor productivity like the U.S. or Switzerland also have very high real wages.

6 0
2 years ago
The LIFO inventory method assumes that the cost of the latest units purchased are:
Scilla [17]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The LIFO inventory method assumes that the cost of the latest units purchased are:

<u>Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold. </u>

a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.

b. the first to be allocated to ending inventory. False, this is under the FIFO method.

c. the first to be allocated to the cost of goods sold. True.

d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.

4 0
3 years ago
If a company purchases equipment costing $5,100 on credit, the effect on the accounting equation would be:
alex41 [277]

Answer:

assets increase $5,100 and liabilities increase $5,100

Explanation:

Assets are the items that a company owns which can provide future economic benefit.

Liabilities are future sacrifices of economic benefits that an entity is obliged to make to other entities as a result of past transactions or other past events, hence Liabilities are what a person or company owe other parties.

If a company purchases equipment costing $5,100 on credit, the assets of the company will increase by $5100 as a result of acquiring an equipment. Also, the liability will increase by $5100 as a result of debt owed.

4 0
3 years ago
Other questions:
  • What are two main reasons for having a savings account
    15·2 answers
  • The aggregate demand curve slopes downward indicating that
    13·1 answer
  • Aside from an associates degree what else can earn at a two year college
    10·2 answers
  • A fast-food restaurant has determined that the chance a customer will order a soft drink is 0.90. The proba- bility that a custo
    6·1 answer
  • The use of multiple distribution channels that integrate organizations' brick-and-mortar stores with websites, catalogs, and app
    14·1 answer
  • However, Rina's decision regarding how many workers to use can vary from week to week because her workers tend to be students. E
    11·2 answers
  • Consumers might not realize that old spice health and wellness products and iams pet nutrition products are made by the same com
    15·1 answer
  • Nish Corporation has provided the following data for the month of April:
    6·1 answer
  • What would happen to the equilibrium price and quantity of lattés if coffee shops began using a machine that reduced the amount
    11·1 answer
  • The infrastructure layer is the foundation of the cloud and consists of physical resources. Where do these physical resources re
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!