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2 years ago

How is a line of credit similar to a credit card?

2 answers:

8 0

The right answer for the question that is being asked and shown above is that: "a. Interest is charged only on the amount you actually borrow." a line of credit similar to a credit card is that a. Interest is charged only on the amount you actually borrow.

FrozenT [24]2 years ago

3 0

Answer: a. Interest is charged only on the amount you actually borrow.

Explanation:

A line of credit (LOC) is known to be a certain amount of money agreed upon by a financial institution which enables an individual to borrow money. The borrower can only borrow the money up to the maximum amount agreed upon.

Credit card is a card issued by a financial institution to a card holder in order to pay for the goods and services purchased. The money is been paid back by the card holder with the interest rate and other charges at the stipulated time agreed upon.

Interest rate is the amount of money a lender or financial institution receives on the money borrowed to a borrower. Hence, interest is charged only on the amount a card holder borrows on a line of credit or credit card account.

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Tootsie Roll Industries is engaged in the manufacture and sale of candy. Major products include Tootsie Roll, Tootsie Roll Pops,

kolezko [41]

Answer:

Matching the financial statement items to financial statement categories:

Financial Statement Items Financial statement

a. Notes payable to banks Liability (L)

b. General and administrative Expense (E)

c. Accounts payable Liability (L)

d. Dividends payable Liability (L)

e. Retained earnings Shareholders' equity (SE

f. Cash and cash equivalents Asset (A)

g. Accounts receivable Asset (A)

h. Provision for income taxes[1] Expense (E)

i. Cost of goods sold Expense (E)

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3 years ago

Stellar Plastics is analyzing a proposed project with annual depreciation of $19,500 and a tax rate of 34 percent. The company e

marysya [2.9K]

Answer:

$20,226

Explanation:

expected sales = 11,400 - 12,000 - 12,600

expected sales price = $7.20 - $7.50 - $7.80

expected variable cost = $3.072 - $3.20 - $3.328

total fixed costs = $31,000

if you use an excel spreadsheet you can calculate all the different possible simulations and combine all the expected sales x 3 different price levels x 3 different variable costs and 1 fixed cost. Once you get all the 27 possible solutions, you just get the average.

I attached it because there is no room here.

Download pdf

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3 years ago

Which has a higher flow rate? 10 customers arriving over two hours or 10 customers arriving over three hours?

Tcecarenko [31]

The one that gives a higher flow rate is: 10 customers over 2 hours. The flow rate is 5 customers per hour.

Flow rate is defined as the number of flow units that pass through the business process per unit time.

The flow unit can be money, customers, products, parts, services, etc.

Example of flow rate is number of customers serviced per hour, number of parts produced per minute, etc.

From the definition, the flow rate can be expressed as:

Flow rate = number of flow unit / time interval

There are 2 scenarios in the given problem.

Scenario 1:

Flow unit = 10 customers

Time interval = 2 hours

Hence, the flow rate in scenario 1 = 10/2 = 5 customers per hour

Scenario 2:

Flow unit = 10 customers

Time interval = 3 hours

Hence, the flow rate in scenario 2 = 10/3 = 3.33 customers per hour

By comparing the above scenarios, the one that gives higher flow rate is scenario 1, 10 customers over 2 hours.

Read more about flow rate here:

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4 0

1 year ago

Which one of the following is NOT a real option? The option to buy shares of stock if its price is expected to increase. The opt

puteri [66]

Answer:

The answer is: The option to buy shares of stock if its price is expected to increase.

Explanation:

A "real option" in management is: a choice managers can take concerning business investment opportunities. Real options usually involve tangible assets (machinery, buildings, inventory, land, etc.) but not financial instruments or stocks.

So the buying or selling of stocks aren´t considered real options in business management.

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3 years ago

Government programs that compensate farmers for not planting crops on all their land : hurt farmers by lowering their total reve

Zolol [24]

Answer:

Help farmers by increasing total revenue in the market but hurt consumers by raising food prices

Explanation:

Farm subsidies are expensive for taxpayers while also harming the economy and the environment. These government programs restrict farmers from wanting to innovate, cut costs, diversify their use of the land, and perform other necessary actions that bring them economic prosperity. This affects customers by raising food prices.

3 0

2 years ago