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3 years ago

What happens if you pay more than the minimum balance on your credit card each month?

Business

2 answers:

Eddi Din [679]3 years ago

6 0

You'll owe less in total interest charges in the future

snow_tiger [21]3 years ago

6 0

Rolls over to next month maybe?

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Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prio

skad [1K]

Answer:

a) Manufacturing overhead applied to Work in Process for the month was $70,000

Explanation:

Data provided in the question

The total of the Manufacturing Overhead account = $58,000 i.e incurred

And, the total of credit to the account = $70,000 i.e applied amount

So according to the given data, the manufacturing overhead should be applied to the work in process with the total credit amount i.e $70,000

Hence, the first option is correct

4 0

3 years ago

Micro Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The current year's income state

Alexxx [7]

Answer:

$19,687 million

Explanation:

Income tax expense = Income before income tax expense*Effective tax rate

Income before income tax expense = Income tax expense / Effective tax rate

Income before income tax expense = $2,953 million / 15%

Income before income tax expense = $2,953 million / 0.15

Income before income tax expense = $19,687 million

So, the amount that Micro report as income before income tax expense that year is $19,687 million.

6 0

3 years ago

WesternBioLabs Inc. is in the process of laying off 10% of its shipping and receiving employees. At the same time, it is hiring

igomit [66]

Answer:

A. Churning

Explanation:

Employee Churning is also known as employee turn-over which is an act of laying off employees while recruiting new ones. It is a measure always taken to conserve a company's limited resources. The turnover rate is given as the percentage of employees being laid off or leaving workers over a period of time. There are a lot of factors contributing to churning such as downsizing through attrition either due to recession or scarcity of company's resources.

5 0

3 years ago

For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your an

STatiana [176]

Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

At 1.4% growth rate;

Number of years = 70 / 1.4 = 50

At 3.2% growth rate;

Number of years = 70 / 3.2 = 21.88

At 4.9% growth rate;

Number of years = 70 / 4.9 = 14.29

At 6.4% growth rate;

Number of years = 70 / 6.4 = 10.94

At 7.5% growth rate;

Number of years = 70 / 7.5 = 9.33

4 0

4 years ago

You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s

otez555 [7]

Answer:

The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.

Explanation:

When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.

The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.

7 0

3 years ago