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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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To find an error, you should do all of the following except double-check every entry. find the difference between debits and cre

frozen [14]

B. Find the difference between debits and credits
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3 years ago

The price of gold is currently $1,200 per ounce. forward contracts are available to buy or sell gold at $1,400 per ounce for del

Inessa05 [86]

I was stuck on the same question. When I find out I’ll tell you immediately!!!

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3 years ago

Distinguish between the short run and the long run. In the short run, ______. In the long run, ______.

kenny6666 [7]

Answer:

B. the quantity of only one factor of production is fixed; the quantities of all factors of production can be varied

Explanation:

As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.

Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.

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3 years ago

An increase in a firm's tax rate will__________ if the firm has debt capital in its capital structure:

Temka [501]

Answer:

d. decrease the firm's WACC.

Explanation:

As per WACC formula

WACC = ( Weight of Common Equity x Cost of Common Equity ) + ( Weight of Common Debt x Cost of Common Debt x ( 1 - Tax rate ) ) + ( Weight of Preferred Equity x Cost of Preferred Equity )

By assuming the values to prove the answer

Weights

Common equity = 55%

Preferred Equity = 15%

Debt = 30%

Costs

Common equity = 15%

Preferred Equity = 8%

Debt = 12%

Tax rate is 15%

Placing values in the formula

WACC = ( 55% x 15% ) + ( 30% x 12% x ( 1 - 15% ) ) + ( 15% x 8% )

WACC = 8.25% + 3.06% + 1.2% = 12.51%

Keeping others values constant, Now increase the Tax rate to 25% and placing vlaues in the formula

WACC = ( 55% x 15% ) + ( 30% x 12% x ( 1 - 25% ) ) + ( 15% x 8% )

WACC = 8.25% + 2.7 + 1.2% = 12.15%

Hence the WACC is decreased from 12.51% to 12.15% when the tax rate is increased from 15% to 25% keeping other values constant.

7 0

3 years ago

Marvin Services Corporation had the following accounts and balances: Accounts payable $ 6,000 Accounts receivable 8,000 Cash 7,0

patriot [66]

Answer:

The balance of the company's retained earnings account is $33,000

Explanation:

The computation of retained earning balance is shown below:

= Assets - Liabilities - shareholder equity

where,

Assets = Accounts receivable + Cash + equipment + prepaid insurance + supplies

= $8,000 + $7,000 + $44,000 + $4,000 + $2,000

= $65,000

Liabilities = Accounts payable + notes payable + unearned service revenue

= $6,000 + $8,000 + $3,000

= $17,000

And, the common stock is $15,000

Now put these values to the above formula

So, the answer would be equal to

= $65,000 - $17,000 - $15,000

= $33,000

3 0

3 years ago