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3 years ago

What is likely to happen if a borrower misses a payment on a credit card account?

Business

2 answers:

lina2011 [118]3 years ago

8 0

The borrower will get a late fee and possibly a higher interest rate

julsineya [31]3 years ago

6 0

The borrower will get a late fee for not paying on the due date.

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Mike Samson is a college football coach making a base salary of $651,600 a year ($54,300 per month). Employers are required to w

Ratling [72]

Answer:

$7960.80; $9948.20 ; $17,409

Explanation:

Given the following :

Coach base salary = $651,600 ($54,300/month)

Social security tax = 6.2% upto maximum base amount

Medicare tax = 1.45% with no maximum

FICA base amount = $128,400

Coach Samson Social security and Medicare tax:

Social Security tax amount = 6.2% of $128,400

= 0.062 * $128,400 = $7,960.80

Medicare tax amount :

1.45% of $651,600

(1.45 / 100) * $651,600

0.0145 * $651,600

= $9948.20

Additional amount towards FICA taxes:

$7,960.80 + $9,948.20 = $17,409

4 0

3 years ago

Striker 44 Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the pro

Gnoma [55]

Answer:

correct option is A. $331,000

Explanation:

given data

Direct materials = $86,000

Direct labor = 130,000

Variable factory overhead = 57,000

Fixed factory overhead = 135,000

Total costs = $408,000

avoidable = $58,000

to find out

highest price that McMurphy should be willing to pay for 12,000 units of the part is

solution

we get here highest price that McMurphy should be willing to pay for 12,000 units of the part that is express as

highest price = Direct material + Direct Labor + variable factory overhead + avoidable fixed overhead .....................1

put here value we get

highest price = $86000 + $130000 + $57000 + $58000

highest price = $331,000

so correct option is A. $331,000

7 0

3 years ago

From a business perspective, ___________ taxes are analogous to the personal property taxes paid by individuals.

Anvisha [2.4K]

Answer:

c. inventory

Explanation:

As per the business perspective, the inventory taxes should be analogous for the personal property taxes that paid by the individuals as the inventory taxes is involved in the business property tax i.e. tangible as well as personal

Therefore as per the given options, the option c is correct

And, the other options are incorrect

5 0

3 years ago

Two types of deposit accounts are

andre [41]

Answer:

checking and saving

Explanation:

when you opening a new bank account. the bank will ask you want to open a checking and saving account or both

4 0

3 years ago

In an international transaction involving a bank as a third party, the exporter ships the product after:

nataly862011 [7]

Answer: the bank promises to pay on the importer’s behalf

Explanation:

8 0

2 years ago