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4 years ago

Credit cards are different from debit cards because

1 answer:

5 0

Debit cards are used to pay for goods in shops and to withdraw money at cash machines. The money is automatically taken from your current account when you spend it, so you must have enough money in your account or an agreed overdraft to cover the transaction.

Where as..
A credit card, such as Barclaycard, isn't linked to your current account and is a credit facility that enables you to buy things immediately, up to a pre-arranged limit, and pay for them at a later date. The cost of the purchase is added to your credit card account and you get a statement every month.

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Difference between debit the receiver and credit the giver

Vinil7 [7]

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

6 0

3 years ago

An article in Forbes noted that the Intercounty Connector toll road that connects two counties in Maryland was not generating

Roman55 [17]

Answer:

The price elasticity of demand

Explanation:

you need to know how high the demand is for the toll road.

3 0

3 years ago

Robert Solis is a salesman in a company that specializes in event management. He uses the Internet to identify potential compani

TiliK225 [7]

Answer:

Explanation:

4 0

3 years ago

How often should you typically monitor your checking account?

Rasek [7]

Every month or so but I typically check every two weeks.

4 0

3 years ago

Krepps Corporation produces a single product. Last year, Krepps manufactured 33,100 units and sold 27,800 units. Production cost

AfilCa [17]

Answer:

The correct answer is $95,400 lower than absorption costing.

Explanation:

According to the scenario, the given data are as follows:

Units manufactured = 33,100

Sold units = 27,800

So, Units in ending inventory can be calculated as follows:

Units in ending inventory = Units manufactured - Sold units

= 33,100 - 27,800 = 5,300 units

Now, Fixed manufacturing OH = $595,800

So, we can calculate the fixed manufacturing OH per unit by using following formula:

Fixed manufacturing OH per unit = $595,800 ÷ 33,100 = $18

So, Difference in net income for the year can be calculated as follows:

Net income difference = Fixed manufacturing OH per unit × Units in ending inventory

= $18 × 5,300 units = $95,400

Hence, The net income in variable costing is $95,400 which is lower than in absorption costing.

7 0

3 years ago