Full question(find attached) :
Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit card. He decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions.
From the information available, what is the difference between the payment app with the lowest charge, compared with a credit card charge?
A) $575
B) $1200
C) $1050
D) $480
E) $1237
Answer and Explanation:
Credit card processing firms charge an average of 3.5% and a flat fee of about 20 cents so we would make our comparison on this basis:
Since Faiz decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions
The customer would pay $50000/100= $500 per instalment
Given the information I'm the table from question Instant wallet charges 3.5% +$0.20 for transactions lower than $1500
= 0.035*$500+$0.20=17.5+0.20=$17.7
An average credit card processing firms would charge :
0.035*500+$0.35=17.5+0.35= $17.85
Therefore instant wallet is cheaper and would save a customer =$17.85-17.7= $0.15
Answer:
Very small or no dividend
Explanation
Dividend is simply the distribution of profit made by company, firm e.t.c to its shareholders. Most startup company do pay little dividend due to the profit outcome but others do not. It is necessary to pay dividend to shareholders as it shows your devotion and commitment to look after and be in one mind with investors.
most companies that are just startups do not pay a dividend mostly during the early stage of growth. The revenue derived from startup is used to grow and develop the company and not to share with shareholders but sharing little is not bad a all.
Answer:
Yes it has a negative beta but this does not translate to very little risk
Explanation:
A negative beta correlation means an investment moves in the opposite direction from the stock market.
A negative beta coefficient does not necessarily mean absence of risk. Instead, negative beta means your investment offers a hedge against serious market downturns.
Answer:
modified endowment contract (MEC)
Explanation:
In such a scenario the life insurance policy becomes a modified endowment contract (MEC). This is a tax qualification of all life insurance policies that is activated once that policy's cumulative premiums exceed federal tax law limits, which causes the taxation structure and IRS policy classification of that contract to completely change.
Answer:
Decrease cash; increase supplies.
Explanation:
The accounting equation is shown below:
Total assets = Total liabilities + Shareholder's equity
In the given transaction, the office supplies were purchased for $100 and it is paid immediately which means the balance of supplies is increased and the cash balance is decreased.
It gives a positive impact on the office supplies account and a negative impact on the cash balance under the current assets.