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3 years ago

Which of the following statements comparing debit and credit cards is TRUE?

1 answer:

german3 years ago

4 0

Debit cards allow you to draw funds directly from your checking account. B Debit cards typically offer greater fraud protection than credit cards. C Debit cards never require a signature to finalize a purchase like credit cards. D Debit cards charge higher interest rates on purchases than credit cards. found by Yahoo.com

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Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access th

IgorC [24]

Answer and Explanation:

the journal entry is given below:

Depletion Expense $1,358,500

To Accumulated Depletion $1,358,500.

(Being depletion expense is recorded)

Here the depletion expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets

Working note

Depletion expense is

= ($5,900,000 + $600,000) ÷ $2,000,000 × 418,000

= $1,358,500

8 0

2 years ago

True or False: A price ceiling below $25 per box is not a binding price ceiling in this market. True False Because it takes many

jeyben [28]

Answer:

1. False

2. Shortage; Larger

Explanation:

1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.

2. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a shortage that is larger in the long run than in the short run.

In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.

This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.

7 0

3 years ago

purchased a new piece of equipment for its research lab on January 1, 2015 for $45,200. The equipment is expected to have a usef

Murljashka [212]

Answer:

The gain recognized on the equipment is $6,550

Explanation:

A straight-line depreciation method distributes depreciation costs evenly throughout the useful life of the equipment, and depreciation per year using this method is calculated thus:

Depreciation per year = (Cost of equipment - salvage value) ÷ useful life

= (45,200 - 6,100) ÷ 4 = 39,100 ÷ 4 = $9,775

This means that each year, the machine depreciates by a value of $9,775.

Next, we are given that the machine was sold for $32,200 after two years, to determine if a profit or loss was made, we will calculate the expected residual value after two years, and find the difference between this value and the selling price. The residual value is calculated thus:

Residual value = Cost of equipment - (depreciation per year × number of years used)

Residual value = 45,200 - ( 9,775 × 2 )

Residual value = 45,200 - 19,550 = $25,650

Difference between residual value and selling price = 32,200 - 25,650 = $6,550 (profit was made since the selling price was higher than the value of the equipment)

8 0

3 years ago

What impact did technology have on modern medicine?

Mashutka [201]

Technology today affects every single aspect of modern society. In fact, there isn’t an industry out there that hasn’t been affected by the hi-tech revolution.
Whether we are talking about transportation, communication, security, banking or healthcare, they all rely on technology in one way or another.
But nowhere is this immense impact more apparent than in the field of medicine and healthcare.
Technological breakthroughs are revolutionizing the way healthcare is being delivered.Modern technology has changed the structure and organization of the entire medical field.
From widespread adoption of electronic medical records, to advances in bio-medical engineering and technology, modern healthcare and its delivery methods are changing at an ever increasing rate. But what impact will these changes have on medicine and overall care delivery?

4 0

3 years ago

The following data are available relating to the performance of Wildcat Fund and the market portfolio: Wildcat Market Portfolio

alekssr [168]

Answer:

50.0%

Explanation:

The computation of the information ratio is as follows

Information ratio = Alpha ÷ residual standard deviation

where,

Alpha is

= Average rate of return - required rate of return

The average rate of return is 18%

And the required rate of return is

= Risk-free rate + Beta × (Market rate of return - Risk-free rate)

= 7% + 1.25 × (15% - 7%)

= 17%

So, the alpha is

= 18% - 17%

= 1%

Therefore the information ratio is

= 1% ÷ 2%

= 50.0%

5 0

3 years ago