Vic's Mart collect $700 of its accounts receivable

Which of the following statements about credit cards is true?

scoray [572]

Answer:

D. Credit card companies usually charge higher interest rates for cash advances than for purchases.

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

Generally, small businesses or companies who avail their customers the opportunity to pay using a credit card will increase the number of customers that would patronize them because they are typically buying the goods and services on credit.

Also, when a credit card holder is requesting for an advance on cash from its merchant or financial institution, they are usually charged more interest rates compared to when using the card to make a purchase.

Hence, the statement which is true about credit card is that, credit card companies usually charge higher interest rates for cash advances than for purchases.

3 0

3 years ago

It is ____ to say that Cold Goose’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annu

stira [4]

Answer:

The answer is "Incorrect and all but one".

Explanation:

It's wrong because it assumes that its millennial generations of Cold Goose through financing activities only at end of Years second and third were equivalent to both the employer payment of its organization to preserved profits, $869,437, and $1,133,180 separately. It is because transactions including payable accounts are included in everything but several of the items reported in the currently operated.

7 0

3 years ago

Recently, a Domino's pizza franchise in southwest Ohio made the strategic decision to stay open for 24 hours a day. The manager,

melamori03 [73]

Answer:

Strength:

Further strengthening the brand name and will be able to capture the market share by staying open for 24 hours.

Increasing the efficiency of the franchise by selling additional products. (Sales to capital employed ratio)

Excellent location will add up value to the franchise which makes it more prior to the other pizza offering franchises.

Weakness

Staffing and inventory management would be required for the additional working hours and at night shifts the employees demand more for the services they offer.

Opportunity

There is additional demand for the products of the Domino's to sell the customers at night. Usually in the weekends, Americans go to bed late night.

Threats

We are promoting late night eating which is not good for health so this is threat to our brand image.

Their is the threat that the existing competitors must react to our offerings by lowering their cost or by increasing the quality of their offerings.

8 0

3 years ago

Which of the following transactions are included in gross domestic product, and by how much does the GDP raise?

seropon [69]

Answer:

A. Smith pays a carpenter $50,000 to build a garage. ⇒ INCLUDED, increases GDP by $50,000 because Smith paid for the garage.

B. Smith purchases $10,000 worth of materials and builds a garage, which is worth $50,000. ⇒ INCLUDED, increases GDP by $10,000 only because Smith built the garage himself.

C. Smith goes to the woods, cut down a tree, and uses the wood to build himself a garage that is worth $50,000. ⇒ NOT INCLUDED, no services or goods were exchanged, it is the same as growing your own food.

D. The Jones family sells its old house to the Reynolds family for $400,000. The Joneses then buy a newly constructed house from a builder for $500,000. ⇒ INCLUDED, increases GDP by $500,000 because the Joneses purchased anew house.

E. You purchase a used computer from a friend for $200. ⇒ NOT INCLUDED, only new goods and services are included.

F. Your university purchases a new mainframe computer from IBM, paying $25,000. ⇒ INCLUDED, increases GDP by $25,000 because the university purchased a new computer.

G. You win $100 in an Atlantic City casino. ⇒ NOT INCLUDED, casino earnings or lottery earnings are not considered new products or services.

5 0

3 years ago

Deluxe Hotels reported revenues of $570,000 for the year ended December 31, 2019. Accounts receivable at December 31, 2018 an

DENIUS [597]

Answer:

$590,000

Explanation:

To calculate Deluxe's operating cash flow for 2019, we can use the following formula:

2019 cash flow = sales - (ending accounts receivable - beginning accounts receivable)

2019 cash flow = $570,000 - ($47,000 - $67,000) = $570,000 - (-$20,000)

2019 cash flow = $590,000

8 0

3 years ago