All categories

3 years ago

Which of the following statements about credit cards is true?

Business

1 answer:

scoray [572]3 years ago

3 0

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.

You might be interested in

Williamsburg Market is an all-equity firm that has net income of $96,200, depreciation expense of $6,300, and an increase in net

sladkih [1.3K]

Answer:

The answer is $99700

Explanation:

Net cash from operating activity= Net income + Depreciation - increase in net working capital.

Net cash from operating activity= $96,200 + $6,300 - $2,800= $99700

6 0

3 years ago

The Federal Advisory Council of the Federal Reserve decides if any changes to the money supply are needed.

Reika [66]

The correct answer for this question is: TRUE. The Federal Advisory Council of the Federal Reserve decides if any changes to the money supply are needed. It is one of the responsibilities of the Federal Advisory Council of the Federal Reserve regarding to money supply that is needed.

5 0

3 years ago

What is a bona fide occupational qualification? are they a good idea? do we need more?

SIZIF [17.4K]

A bona fide occupational qualification allows employers to base employment decisions for a specific job on such factors as sex, religion or national origin if they're able to demonstrate that such factors are an essential qualification for performing a particular job.

What is considered a bona fide occupational qualification?

That exception, called the real occupational qualification (BFOQ), recognizes that in some extremely rare instances an individual's sex, religion, or national origin could also be reasonably necessary to carrying out a particular job function in the normal operation of an employer's business or enterprise.

What is bona fide occupational qualification defense?

The real occupational qualification (“BFOQ”) is defense that an employer can use to justify intentional discrimination in some circumstances. for instance , gender discrimination is against the law

Learn more about bona fide occupational qualification :

brainly.com/question/26417900

#SPJ4

6 0

2 years ago

The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six

joja [24]

Answer:

A) ≈ 3.509 grams

B) The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( NO )

c) 1.051 ounces

Explanation:

A) The largest standard deviation ( in grams)

This can be calculated applying the capability index formula and according to the capability index formula the value at which a process is capable is at : 1.33

hence the largest standard deviation = upper limit - lower limit / 6 * 1.33

( 354 - 326 ) / 7.98 = 3.5087 ≈ 3.509 grams

B) we first calculate the process mean and std of the box

standard deviation = $\sqrt{variance }$

std of the six-bar box = $\sqrt{6*0.86^2}$ = 2.106

process mean = 6 * ( 1.03 * 28.33) = 175.079

the mean is not centered between the upper specification and the lower specification hence we will apply the formulae used in calculating the capability index for an uncentered process

Cpk = (upper value - process mean) / (3 * std of box),

= (187 - 175.079) / ( 3 * 2.106) = 11.921 / 6.318 = 1.89

Cpk = (process mean - lower value ) / (3*std of box)

= ( 175.079 - 153 ) / (3 * 2.106) = 22.079 / 6.318 = 3.49

The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( N0 )

c ) lowest setting

calculate the value of the mean using capability index of 1.33

Cpk = (upper value - mean ) / 3 * std

mean = 187 - 1.33 * 3 * 2.106

= 187 - 8.40 = 178.60 grams

Cpk = ( process mean - lower value ) / 3 * std

mean = 1.33 * 3 * 2.106 + 153

= 8.40 + 153 = 161.40 grams

the lowest setting in ounces

= 178.60 / ( 6 bar * 28 .33)

= 178.60 / 169.98 = 1.051 ounces

5 0

3 years ago

A restaurant chain hires two new restaurant managers. One manager is a woman, and one is a man. Both candidates are equally qual

slava [35]

Answer:

Equal Employment Opportunity Commission

Explanation:

The entity that would be involved in this case is the the EEOC. That is the equal employment opportunity commission. The violation that has occurred here is that both the man and the woman are equally qualified for this job but the owner wants to pay the woman a smaller salary compared to what he wants to pay the man. The EEOC handles such matters of discrimination to employees and workers based on gender, race, religion etc.

8 0

3 years ago