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3 years ago

What is revolving credit?

Business

1 answer:

Maurinko [17]3 years ago

5 0

Answer:

Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations

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A statement of an employee's biweekly earnings is given below.

jek_recluse [69]

Answer:

$ 726.80

Explanation:

Gross payment means the total amount of money made by an employee or received by an employee before any deductions such as taxes, insurance, social security and others is removed.

Total amount received by the by employee = $ 62 + $ 45.06 + $ 10.54 + $ 12.40 + $ 596.80 = $ 726.80

5 0

3 years ago

Here are selected data for Wilson Company: Estimated manufacturing overhead $259,650 Factory utilities $30,200 Estimated la

mel-nik [20]

Answer:

Predetermined manufacturing overhead rate= 0.788

Explanation:

Giving the following information:

Estimated manufacturing overhead $259,650

Factory utilities $30,200

Estimated labor hours 35,000

Indirect labor $22,400

Actual direct labor hours 36,000

Sales commissions $53,700

Estimated direct labor cost $329,600

Factory rent $47,700

Actual direct labor cost $320,600

Factory property taxes $28,100

Factory depreciation $65,400

Indirect materials $33,000

Predetermined manufacturing overhead rate= total estimated manufacturing overhead/ total amount of allocation base

Predetermined manufacturing overhead rate= 259650/329600

Predetermined manufacturing overhead rate= 0.788

8 0

4 years ago

"there is no long run ;there are only short and shorter runs"evaluate that statement.

kirill115 [55]

Answer:

“There is no long run; there are only short and shorter runs.” Evaluate that statement. If you increase production to an infinitely large level, the average variable cost and the average total cost will merge. Why? The following cell phone offer by Sprint is typical of what one can get on a cell phone plan: 4,000 free minutes for $39.99 a month. The fine print says that only 350 of those minutes are anytime minutes; the remaining are restricted to evening and weekend usage. If you go over your allotted time, you are charged 35 cents per minute for any additional minutes

5 0

2 years ago

A manufacturing department has 50,000 EUP for units completed and transferred out and 4,500 EUP for units in ending inventory. M

ludmilkaskok [199]

Answer:

Value of closing inventory = $ 28,125.00

Explanation:

To value inventory, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units(EUP) for each of the cost element.

So the value of the closing inventory, is determined as follows:

Value of inventory = cost per E.U.P × number of E.U.P

Material = $2.50 × 4,500 = 11,250.00

Labour and overhead= $3.75 × 4,500 = 16,875.00

Total amount of work in progress

= 11,250 + 16, 875

= $ 28,125.00

6 0

4 years ago

Suppose that the European Union is now experiencing a recession. Its actual real GDP is €200 billion, and the estimate of its po

jek_recluse [69]

Answer and Explanation:

As per the data given in the question,

The central bank have various tools to apply expansionary policy and these tools are :

- Reserve ratio.

- Discount rate.

- Open market operations.

The open market operations include the buying and selling of government owned securities by central bank to impact the monetary base in the economy. In case of any recession, the central bank should purchase government securities to enhance the money supply. Because whenever they do any kind of open market purchase there would definitely be increase in money in the economy. That's why increment in money supply decrease the interest rate in economy.

Nominal interest rate is the cost of borrowing so if there is decrement in interest rate, there would be consumption and investment activities. these both are the component of aggregate demand so the aggregate demand will increase, and this increment in aggregate demand helps the economy to recover in the situation of recession.

6 0

3 years ago