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2 years ago

Why may Consumers overspend when using a credit card?

1 answer:

8 0

Because it is very easy to spend money that you do not have by using a credit card. Most think they can pay it off the following month, but that rarely happens.

You might be interested in

Why didn’t worldcom try to structure the transactions to get a “step-up” in the tax bases of mci’s assets(?

Alex Ar [27]

I believe that the answer to the question provided above is worldcom try to structure the transactions to get a “step-up” in the tax bases of mci’s assets because he doesn't have enough influence to do so.
Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.

3 0

2 years ago

EstWhich titles. Fits this vin diagram best

jarptica [38.1K]

Answer:

Title 1 is "careers" and title 2 is "jobs"

Explanation:

4 0

3 years ago

The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past

Naddik [55]

Answer:

$633,000.

Explanation:

We use the High-low method to get the cost formula:

$\left[\begin{array}{ccc}High&14,250&710,000\\Low&9,250&570,000\\Diference&5,000&140,000\\\end{array}\right]$

This means 5,000 machine hours generate 140,000 labor cost

We divide and get the variable cost generate per machine hour:

Cost 140000

machine hours 5000

140,000/5,000 = 28

variable cost 28

Next, we use this to calculate the fixed cost:

total cost = variable cost + fixed cost

fixed cost = total cost - 28 X DL

High:

Total Cost 710,000

Variable 399,000 (14,250 x 28)

Fixed Cost 311,000

Low:

Total Cost 570,000

Variable 259,000 (9,250 x 28)

Fixed Cost 311,000

Now with the cost formula we solve for 11,500 machine hours

cost = 311,000 + 28 X Machine Hours

cost = 311,000 + 28 x 11,500

cost = 633,000

6 0

3 years ago

he long-run average total cost of producing 100 units of output is $4, while the long-run average cost of producing 110 units of

Firlakuza [10]

Answer:

Constant Return to Scale

Explanation:

Based on the information given the numbers

suggest that between 100 and 110 units of output, the firm producing this output has CONSTANT RETURN TO SCALE.

Constant Return to Scale occurs in a situation where the proportional increase in all the inputs is as well equal to the proportional increase in output which means the returns to scale are constant , which is why RETURNS TO SCALE help to describe all what happens to long run returns when the scale of production increases.

Therefore Constant returns to scale often occur when the output increase in exactly the same way or the same proportion as the factors of production.

4 0

3 years ago

The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beg

maksim [4K]

Answer:

$ 168,000

Explanation:

Include both Mark-ups and Mark-Downs and Exclude beginning inventory

When LIFO Inventory Method is used to find out Ending inventory retail Value. Cost to Retail Ratio will be Applied for both Previous year ending Inventory and the Current Year addition To Calculates

the Previous year Ending inventory :

Cost to Retail Ratio : Ending inventory at cost / Ending inventory at Retail

For Current year Addition :

Cost to Retail Ratio : Current Year Addition in Cost /Current Year Addition in Retail

Current year addition in retail includes : Markup ,Markdown purchases

Kindly check the attached images below to see the step by step explanation to the question above.

5 0

3 years ago