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Umnica [9.8K]
3 years ago
11

Credit cards are different from debit cards because

Business
1 answer:
Rzqust [24]3 years ago
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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The process of choosing an option after evaluating the available information and weighing the costs and benefits of the alternat
ozzi

Answer: Decision-Making

Explanation:

Decision-making is the process by which we choose the best perceived alternative to follow after evaluating the available alternatives for their costs and benefits.

These costs and benefits are not only monetary in nature. They can include our values as well as our beliefs and the things we prefer. They also include time as well. Every decision is unique with these and that is why every decision must be evaluated in its own right.

5 0
2 years ago
Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection perio
mart [117]

Answer:

8.6 days

Explanation:

The formula for average collection period

= Average received turnover ratio / 365 daya

= 90 × 35 / 365

= 8.6 days

5 0
3 years ago
Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating
DerKrebs [107]

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

Break-even point= fixed costs/ contribution margin

Break-even point (dollars)= fixed costs/ contribution margin ratio

Contribution margin= selling price - unitary variable cost

Contribution margin ratio= contribution margin/ selling price

6 0
3 years ago
Three groups that participate in the process of establishing gaap are users, preparers, and auditors. these groups are represent
Rom4ik [11]

1.) Securities and Exchange Commission-----------USERS


The U.S. Securities and Exchange Commission (SEC) is a independent federal government office in charge of ensuring financial specialists, keeping up reasonable and efficient working of securities showcases and encouraging capital development. It was made by Congress in 1934 as the primary government controller of securities markets. The SEC advances full open revelation, ensures financial specialists against false and manipulative practices in the market, and screens corporate takeover activities in the United States.  

2.) Financial Executives International ------------PREPARERS


Financial Executives International (FEI) is a part service– arranged association situated in Morristown, New Jersey, for senior-level budgetary administrators in organizations in fluctuating sizes, both open and private, and in all ventures. FEI works a different not-for-profit establishment: Financial Executive Research Foundation (FERF), which goes about as a fair-minded budgetary asset for individuals and Foundation supporters.  

FEI was established as the Controllers Institute of America in 1931. The association renamed itself in 1962 to Financial Executives Institute to mirror the development of obligations among budgetary administrators into arrangement making zones. As the worldwide economy kept on developing in the 1960s, the gathering helped shape the International Association of Financial Executives Institutes (IAFEI).  

3.) American Institute of Certified Public Accountants ---------AUDITORS


The American Institute Of Certified Public Accountants (AICPA) is the non-benefit proficient association of ensured open bookkeepers in the United States. The American Institute of Certified Public Accountants was established in 1887, under the name American Association of Public Accountants, keeping in mind the end goal to guarantee that bookkeeping picked up regard as a calling and that it was honed by moral, able experts. The AICPA exists to furnish in excess of 370,000 individuals with the assets, data, and authority to give CPA benefits in the most noteworthy expert way.  

4.) Institute of Management Accountants ----------PREPARERS


Institute of Management Accountants is the overall relationship of bookkeepers and budgetary experts in business. Administration bookkeepers are crucial to the money related strength of associations. They settle on basic choices, protect an organization's trustworthiness, and plan for business sustainability.The advancing part of administration bookkeepers in an evolving world. This exploration region centers around the part of bookkeepers as business accomplices and the transformational part of innovation inside bookkeeping.  

5.) Association of Investment Management and Research ----------USERS


The Association for Investment Management and Research (AIMR) is a global, philanthropic association of in excess of 68,000 speculation professionals and instructors in more than 117 nations. AIMR's main goal is to serve its individuals and financial specialists as a worldwide pioneer in teaching and looking at speculation administrators and examiners and supporting exclusive requirements of expert direct. AIMR's participation is worldwide in degree, and its exercises are around the world. AIMR offers benefits in three general classes: Education through courses and distributions; Professional Conduct and Ethics; and Standards of Practice and Advocacy. Its intentional expert improvement program gives individual tests in light of procedures of the affiliation's numerous meetings and on AIMR's Investment Performance Standards and Ethical Standards of Practice.

5 0
3 years ago
Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year
Radda [10]

Answer:

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hours= 40,000

Estimated fixed overhead= $466,000

Estimated variable overhead rate= $3.00 per direct labor-hour.

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (466,000/40,000) + 3

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

5 0
3 years ago
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