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3 years ago

The terms are default, grace period, late payment fee, over the limit fee, and bad credit

Business

1 answer:

trapecia [35]3 years ago

4 0

Answer:

1. Bad credit

2. Over the limit fee

3. Late payment fee

Explanation:

1. Bad credit is a situation where a borrower fails to repay his bills on time. This can have an effect on his credit score, thus resulting in a bad credit score and the inability of lenders to lend money. This explains John's situation because he fails to pay on time.

2. Over the limit fee is charged when a person's balance exceeds his credit limit and this can result in a decline of transaction. Susan has apparently exceeded her limit and her transaction might be declined or the balance might be deducted when she pays the fee.

3. Late payment fee is charged when a person fails to complete his payment on the due date. Interest is being charged after the purchase which he pays at a later time because he failed to read the conditions of the credit card offer.

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What is the benefits of international bussiness to firms ?

muminat

Answer:

Benefits to Firms

It helps in improving profits of the organizations by selling products in the nations where costs are high. It helps the organization in utilizing their surplus resources and increasing profitability of their activities. Also, it helps firms in enhancing their development prospects.

Explanation:

i just looked it up so hope it helps ;)

4 0

3 years ago

Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has t

m_a_m_a [10]

Answer:

a) Molding Painting Total

Product costs:

Direct materials $242,500 $211,000 $453,500

Direct labor $327,500 $219,000 $546,500

<u>Overhead $105,000 $82,500 $187,500</u>

Subtotal $675,000 $512,500 $1,187,500

Period costs (service departments):

Maintenance $191,376 $24,624 $216,000

Accounting $171,171 $227,829 $399,000

<u>Administration $153,410 $76,590 $230,000</u>

Subtotal $515,957 $329,043 $845,000

Total costs $1,190,957 $841,543 $2,032,500

2) product costs per unit:

molding = $675,000 / 100,000 units = $6.75 per unit

painting = $512,500 / 100,000 units = $5.125 per unit

total product cost per unit = $11.875 per unit

3) period costs per unit:

molding = $515,957 / 100,000 units = $5.16 per unit

painting = $329,043 / 100,000 units = $3.29 per unit

total product cost per unit = $8.45 per unit

Explanation:

Molding Painting

Building area 441,000/497,700 = 88.6% 56,700 /497,700 = 11.4%

Employees 66/154 = 42.9% 88/154 = 57.1%

Equipment value $118/$177 = 66.7% $59/$177 = 33.3%

3 0

3 years ago

Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue

emmasim [6.3K]

Answer:

a. revenue (R), affecting owner's investment (I)

b. not affecting owner's equity (NOE)

c. expense (E) and affecting owner's investment (I)

Explanation:

Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.

7 0

3 years ago

Which quality ensures that you are in a better position to represent yourself?

dexar [7]

SINCERITY , SIMPLICITY , DISCIPLINE , CONFIDENCE , GOAL TOWARDS YOUR MISSION AND MANY MORE.
YOU CAN SELECT FROM THEM AND WRITE.

6 0

4 years ago

If the government increases the excise tax on a gallon of gasoline we can expect the supply curve to shift rightward, quantity d

Bess [88]

If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.

<h3>What is Supply Curve?</h3>

The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.

The complete question is attached below.

According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.

It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.

Learn more about supply curve here:

brainly.com/question/15533680

#SPJ1

6 0

3 years ago