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oee [108]
3 years ago
13

Which statement best describes a Schumer box?

Business
1 answer:
posledela3 years ago
3 0

Answer:

The correct answer is letter "D": A standardized way of presenting the key terms of your credit card agreement.

Explanation:

Named after Senator Charles Schumer (born in 1950), the Schumer box is part of the disclosure information financial institutions must provide to debtors so they can be aware of what is the interest and fees subject to the use of credit cards. It is a box mostly present in credit card statements but must be included in any credit card solicitation.

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The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales reve
Mekhanik [1.2K]

Answer:

Cash flow :

For Case A = $27,450

Case B = $14,000

Case C = $25,000

Explanation:

As per the data given in the question,

                                                                Case A          Case B         Case C

Cash collected from customers            $712,000      $555,000     $97,500

Cash payment to suppliers                  -$40,000      -$25,500      -$65,200

Cash payment for operating expense -$3,750        -$16,000       -$7,300

Net cash provided by operating activities $27,450 $14,000         $25,000

Where,

Cash received from customers = Net sales + dec. in account receivable - inc. in accounts receivable

Cash paid to suppliers = COG sold + inc. in inventory + dec. in accounts payable - dec. in inventory - inc. in accounts payable

Cash paid for operating expense = operating expense - Depreciation + inc. in prepaid expense + dec. in accrued expenses payable - inc. in accounts payable - inc. in accrued expenses payable

6 0
3 years ago
What's the best definition of financial literacy
Kisachek [45]
Financial Literacy is the capability and understanding of money and can manage it.
4 0
3 years ago
Read 2 more answers
What do you get when a monk drops his keys?
aalyn [17]
What do u get when a monk drops his keys 
there are some answers for this one
- monkeys (mon+keys)
-a keyless monk
but the first one monkeys is more correct one

hope this helps
6 0
3 years ago
A legal written promise to pay borrowed money back at a fixed rate of interest over a fixed period of time is a
andrey2020 [161]

The answer is Promissory Note

Explanation:

The most common document used to register a loan and guarantee this is paid back is a Promissory Note. In this, the parties involved register the amount of money that was borrowed and the borrower promises through the document to pay this amount of money before a fixed specific date. Also, promissory notes register the rate of interest that will be paid by the borrower. Besides this, a promissory note is a legal document that registers the loan and can be used as a legal instrument in case the money is not paid back.

8 0
3 years ago
When he went to pick up his​ mail, Jeremy overheard a manager tell another that the company was going to freeze wages. Jeremy qu
Sindrei [870]

Answer: Grapevine

Explanation:

Dissemination of information or conversations in an informal way in an organization.

8 0
3 years ago
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