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puteri [66]
3 years ago
11

Why do credit cards not want you to pay your balance in full? explain the costs associated with a credit card.

Business
1 answer:
Andre45 [30]3 years ago
6 0
Think of it this way...
If you pay a credit card balance in full, then you stop accumulating interest. The credit card company wants you to keep paying them, so they tell you how much you can pay. The thing is, you can't disable a credit card until it is paid off. As long as it isn't paid off,it is enabled and credit companies keep collecting your money. As they say, money makes the world go round.
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A company has fixed costs of $270,000, a unit contribution margin of $14, and a contribution margin ratio of 55%. If the firm wa
zavuch27 [327]

Answer:

Company must make sales of $600,000.

Explanation:

Compute the contribution margin of the company:

Contribution margin=Pre−Tax Income+Fixed Cost

=$60,000+$270,000

=$330,000

Thus, the contribution margin is $330,000. It is computed by summing up the fixed cost and the pre-tax income of the company.

Compute the total sales of the company:

Contribution margin ratio=  Contribution margin  / Sales  

55%=  $330,000/ Sales

Sales=  $55%  / $330,000 ​  

=$600,000    

The sales of the company are $600,000.

4 0
3 years ago
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and stand
Juli2301 [7.4K]

Answer:

$24.7million

$97.86million

$9.89million

Explanation:

 

From the sample , the lowest number is 16.3 and the highest number is 41, the range is

41-16.3

=$24.7 million

 

 

Σ \frac{(x-x_{mean} )^2}{n}

 

In the sample given the mean is . : (41 +40 +38+ 32+ 23+ 22+ 20+ 18+ 17.8 +16.3  )/10

mean=26.81

 

Using that, we can find the variance:

[(41-26.81)^2+(40-26.81)^2+(38-26.81)^2+(32-26.81)^2+(23-26.81)^2+(22-26.81)^2+(20-26.81)^2+(18-26.81)^2+(17.8-26.81)^2+(16.3-26.81)^2]/10=97.86million

 

The standard deviation is just the square root of the variance:

standard deviation=√(var)

 

, the standard deviation is the square root of 97.86, which equals ​$ 9.89 million

4 0
3 years ago
K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $45,000 of personal cash to the partnership.
Elis [28]

Answer:

to record Decker's investment:

Dr Cash 45000  

    Cr Decker, Capital 45000

to record Rosen's investment:

Dr Land 10,000  

Dr Building 75,000  

    Cr Rosen, Capital 85,000

to record Toso's investment:

Dr Cash 10,000  

Dr Accounts Receivable 27,000  

Dr Equipment 14,000  

    Cr Allowance for Doubtful Accounts 2,700

    Cr Toso, Capital 48,300

total owners' equity = $178,300

6 0
3 years ago
The crisis experienced in the workplace.
erik [133]

Answer:

were is tha picture i can answer that if don't have pictures

5 0
2 years ago
Read 2 more answers
You find an apartment that rents for $320 per month. you are also responsible for utilities that average $80 per month. what is
iren [92.7K]
Likely yearly cost based on the above information and no other expenses is $4,800
7 0
3 years ago
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