LETS DEBATE AB ABORTION.

What is the amount of money you still owe to their credit card company called? A. credit card interest B. credit card balance C.

Snezhnost [94]

The amount of money that you still owe to the Credit card Company is called Credit card balance.

Credit card balance refers to the amount of money one has spent on their card and they haven’t paid back to the Credit card Company.

<h2>Further Explanation </h2>

A credit card is a card in which any payment made by the card holder using the card, then it means they have borrowed money from the Card Company to pay at a later date.
In other words, unlike debit cards, credit cards allows customers to borrow money from the Credit Company or the card issuer for the purposes of making purchases up to a certain limit.

<h3>Credit card balance </h3>

Credit card balance is the money that has been spent by the card holder and have not been paid back to the card issuer. For instance, if an individual spends $ 550 to make purchases of items, and they have not paid back, then the credit card balance will be $550.

<h3>Terms Associated with Credit Cards </h3><h3>Credit card limit </h3>

Credit card limit refers to the maximum amount of money that the card holder is allowed to borrow on the card. The can holder, cannot make purchases exceeding the Credit card limit.
If the Card limit is exceeded then the Card issuer charges an over-limit fee depending on the agreement between the card holder and the card issuer.

<h3>Credit card fee </h3>

Credit card fee is the annual fee that the card issuer or the card Company charges the card holder for the privilege of using the credit card. This fee may be also called participation fee or the membership fee.

<h3>Credit card interest </h3>

Credit card interest may be referred to as the Annual percentage rate, which is the annual rate of interest that includes the fees and the costs incurred to get a loan.

Keywords: Credit card, Credit Card Company, Credit card limit, credit card holder.

<h2>Learn also about: </h2>

Debit card and its advantage: brainly.com/question/1006222
Difference between Credit card and debit card: brainly.com/question/10163886

Level: High school

Subject: Business

Topic: Trade

Sub-topic: Modes of payment

3 0

3 years ago

Read 2 more answers

School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school sy

Blababa [14]

Answer:

Production Budget ( July August September) 5200, 6300, 9000

Sales Budget ( July August September) $ 300,000 $ 360,000 $ 450,000

Direct Materials Budget ( July August September) $ 31860 $ 39,420 $ 48,600

Direct Materials Units Budget ( July August September) 53,100 65,700 81,000

Direct Labor Budget ( July August September) $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget ( July August September)7800 9450 13500

Explanation:

The formula used are

1) Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

2) Sales Budget= Sales * Price Per unit

3) Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

4) Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

School Days Furniture, Inc.

Production Budget

July August September

Sales 5000 6000 7500

+ Desired

Ending Inventory 1200 1500 ------(assuming zero inv)

Less Opening

Inventory 1000 1200 1500

Production Budget 5200 6300 9000 

Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

School Days Furniture, Inc.

Sales Budget

July August September

Sales 5000 6000 7500

Price Per unit $ 60 $60 $ 60

Sales Budget $ 300,000 $ 360,000 $ 450,000 

Sales Budget= Sales * Price Per unit

School Days Furniture, Inc.

Raw Materials Budget

July August September

Production Budget 5200 6300 9000

+ Desired

Ending Inventory 630 900 ------(assuming zero inv)

Less Opening

Inventory 520 630 900

Materials Requiremnt 5310 6570 8100 

Board (feet) 10 10 10

Direct Materials 53,100 65,700 81,000

Plank Costs 0.60 0.60 0.60

Direct Materials $ 31860 $ 39,420 $ 48,600 

Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

School Days Furniture, Inc.

Direct Labor Budget

July August September

Production Budget 5200 6300 9000

Direct Labor hours 1.5 1.5 1.5

Direct Labor Hours 7800 9450 13500

Wages Per hour $ 21 $ 21 $21

Direct Labor Budget $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

4 0

3 years ago

The price of a European call that expires in six months and has a strike price of $30 is $2. The underlying stock price is $29,

erica [24]

Answer:

The price of put option is $2.51

Explanation:

The relation between the European Put option and Call option is called the Put-Call parity. Put-Call parity will be employed to solve the question

According to Put-Call parity, P = c - Sо + Ke^(-n) + D. Where P=Put Option price, C=Value of one European call option share. Sо = Underlying stock price, D=Dividend, r=risk free rate, t = maturity period

Value of one European call option share = $2

Underlying stock price = $29

Dividend = $0.50

Risk free rate = 10%

Maturity period = 6 month & 2 month, 5 month when expecting dividend

P = c - Sо + Ke^(-n) + D

P = $2 - $29 + [$30 * e^[-0.10*(6/12)] + [$0.50*e^(-0.10*(2/12) + $0.50*e^(-0.10*(5/12)]

P = $2 - $29+($30*0.951229) + ($0.50*0.983471 + $0.50*0.959189)

P = -$27 + $28.5369 + $0.4917 + $0.4796

P = $2.5082

P = $2.51

Therefore, the price of put option is $2.51

8 0

3 years ago

What is meant by pie - chart? Discuss the process of its formation??

Rus_ich [418]

A pie chart (or a circle chart) is a circular statistical graphic, which is divided into slices to illustrate numerical proportion. In a pie chart, the arc length of each slice (and consequently its central angle and area), is proportional to the quantity it represents.

6 0

2 years ago

On January 1, 2020, Baker Corp. purchased $70,000 of Chocolate Inc. bonds. These bonds pay 5% interest annually on December 31 a

Rus_ich [418]

Answer:

January 1, 2020

Dr Investment in Chocolate Inc. bonds 70,000

Dr Discount on investment in bonds 2,769.46

Cr Cash 72,769.46

December 31, 2020

Dr Cash 3,500

Cr Interest revenue 3,274.63

Cr Discount on investment in bonds 225.37

December 31, 2020

Dr Cash 3,500

Cr Interest revenue 3,284.77

Cr Discount on investment in bonds 215.23

carrying value on December 2021 = $73,210.06

Explanation:

the market price of the bonds:

PV of face value = $70,000 / (1 + 4.5%)¹⁰ = $45,074.94

PV of coupon payments = $3,500 x 7.91272 (PVIFA, 4.5%, 10 periods) = $27,694.52

market price = $72,769.46

discount amortization = ($72,769.46 x 4.5%) - $3,500 = $225.37

discount amortization = ($72,994.83 x 4.5%) - $3,500 = $215.23

7 0

3 years ago