Answer:
Debit Card Debt.
Explanation:
Currently, there is a lot of options that you can use in order to obtain loan. But the one that most commonly used are Credit Cards and Debit cards
There is a crucial difference between Credit Cards and Debit cards:
- Debit Cards are issued by the bank. In order to get you have to open an account and deposit a certain amount your money. The amount of the money that you deposit will basically be the limit on how much 'debt' you can take by using the debit card. The amount of money from transaction that you do will be directly subtracted from the balance of your account.
- when you use Credit Card, the amount of money from the transaction will be billed to you at the end of each month or years. The amount wouldn't be directly subtracted from the account.
Answer:
$45.67
Explanation:
Given:
the cost of mowing the first lawn = $15
the cost of mowing the second lawn = $25
the cost of mowing the third lawn = $40
Producer surplus on the first three lawns of the day = $100
Now,
Producer Surplus = Price paid by consumers - production cost
or
$100 = Price - ( $10 + $12 + $15 )
or
Price = $100 + $37
or
Price = $137
Therefore,
The price for each customer =
or
The price for each customer = $45.67
Answer:
To generate a favorable overall revenue and spending variance, managers must take actions to increase the prices of inputs. Incorrect
Explanation:
For the statement to be termed as correct, it has to be; <em>To generate a favorable overall revenue and spending variance, managers must take actions to protect selling prices, increase operating efficiency, and reduce the prices of inputs.</em>
Answer:
C) In today's dollars, Chang Lee's money is worth more than Soo Lee's
Explanation:
The present value of receipts 6 year hence of amount $20,000 discounted at 7% rate would be: Discounting factor of 1 $ for 6 years at 7 % i.e expressed as:

= 20,000 × 0.6663
= $ 13,327 approx
The present value of $20,000 receipts 9 years hence discounted at 7% rate is given by:

= 20,000 × 0.5439
= 10,879 approx.
As is evident from above, Chang Lee's present value of receipts is more than those of Soo Lee's.