Lack of financial resources and corruption
Answer:
<h3>Credit:</h3>
Credit is usually less used than the cash and debit. The reason is that credits can help you build high balances, as it help you spend money which you currently don't have, which you may or may not be able to pay by the end of the month. If you are not able to pay by the end of the month, interest charges will be applied, and your financial hardships will easily grow.
If you have a checking account with enough cash, you simplify don't need to go for credit to avoid such a situation.
<h3 /><h3>Cash:</h3>
The use of cash is reducing day by day. The main reason is that you have to decide before leaving the house how much cash you should carry. If your wallet gets lost, money is gone. If you are at a shop and your money falls short, then you'll have to go to an ATM to withdraw some more. This may seem a lot of hassle for some, and to avoid that people prefer to go for Debit.
<h3>
Debit</h3>
Debit is considered the most friendliest way of transaction.
You don't have to worry all about the interest rates and the bills you get at the end of the month by using Credit, because you are using your own money from your current account to pay for purchases.
You also don't have to worry about carrying cash with you all the time. If your debit card gets misplaced, just report it and block it. You won't suffer any financial damage
Answer:
True
Explanation:
In this question, we have to use the break-even point in the unit formula which is shown below:
Break-even point in units = (Total fixed cost + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
Hence, the given statement is true because of the above formula shown.
Answer:
d. allow most participants to routinely earn high returns with low risk
Explanation:
In the financial markets there is always an element of risk in transactions. Generally speaking the higher the risk the higher the gain.
Low risk instruments have low returns on investment. Even for these low risk assets sometes the risk can be high for example if a client has a fixed deposit with a bank, and the bank liquidated. The client may not get his full funds invested back.
High risk markets like the forex market has one of the highest returns on investment, but high risk can also make an investor lose substantially.
Answer:
$169 per unit
Explanation:
The computation of the contribution margin per unit is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
where,
Variable expense per unit = Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit + Variable selling expense per unit
= $38 + $1 + $8 + $4
= $51
And, the Selling price per unit is $220
Now put these values to the above formula
So, the contribution margin would equal to
= $220 - $51
= $169 per unit
