1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Which of the following is considered a psychographic​ characteristic?
Lynna [10]
What are the choices... Psychographics<span> has been applied to the study of personality, values, opinions, attitudes, interests, and lifestyles. ... Because this area of research focuses on activities, interests, and opinions, </span>psychographic<span> factors are sometimes abbreviated to 'AIO variables'.</span>
3 0
3 years ago
A sofa manufacturer can produce 10 sofas for $2,500 and 12 sofas for $2,760. What is the difference between the average cost per
strojnjashka [21]

Answer:100

Explanation:

The following information can be gotten from the question:

Cost for 10 sofas = $2500

Cost for 12 sofas = $2760.

Average Cost = Total Cost/Quantity

2500 / 10 = $250 and

$2760 / 12 = $230

The average cost for 12 sofas will be $230

Marginal cost is the change in total cost divided by the change in quantity. This will be:

= ( 2760 - 2500 )/( 12 - 10 )

= 260/2

= 130

The difference between the average cost per sofa for 12 sofas and the marginal cost of the 12th sofa will be:

=230 - 130

= 100

8 0
3 years ago
Scott Corp. received cash of $20,000 that was included in revenues in its Year 1 financial statements, of which $12,000 will not
Oliga [24]

Answer:

3,000

Explanation:

As the income will be taxed at 25% the income tax liability will be for that amount

12,000 x 25% = 3,000

The tax deferred liability is generated from a temporary difference. The company is paying less income tax today but will pay more in the future. Hence there is a liability.

The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.

6 0
3 years ago
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
kirza4 [7]

Answer:

$10.08

Explanation:

First, find dividend per year;

D3 = 0.50

D4 = 0.50(1.35) = 0.675

D5 = 0.675 (1.35 ) = 0.9113

D6 = 0.9113 (1.07) = 0.9751

Next, find the present value of each dividend at 13% rate;

PV (of D3) = 0.50/(1.13^3) = 0.3465

PV (of D4) = 0.675/(1.13^4) = 0.4140

PV (of D5) = 0.9113/(1.13^5) = 0.4946

PV (of D6) = \frac{\frac{0.9751}{0.13-0.07} }{1.13^{5} } \\ \\ = \frac{16.2517}{1.8424}

PV (of D6 )= 8.8209

Add the PVs to find the stock price;

= 0.3465 + 0.4140 + 0.4946 + 8.8209

= $10.08

8 0
3 years ago
How many companies does donald trump own?
Alex787 [66]
I can't give you an exact number but he has companies in hotels, casinos, real estate, golf courses,<span>Controversy Hitting Brand Power, CNN says he has 144 in total businesses</span>
4 0
3 years ago
Other questions:
  • You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance ma
    10·1 answer
  • If a person invests $100,000 now and receives $4,000 per quarter for 10 years, the nominal rate of return per year is nearest to
    7·1 answer
  • A 4-year project has an annual operating cash flow of $54,000. At the beginning of the project, $4,500 in net working capital wa
    5·1 answer
  • A company has $107,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts
    15·1 answer
  • María works for 5 hours and 15 minutes. How should she write that on her time card?
    12·1 answer
  • Of the following, what actions would be most helpful as Andrew develops his own brand? Check all that apply. Emphasis his degree
    8·1 answer
  • What is the repetition of patterns across a building design.
    10·1 answer
  • While we talk about the stock market as if it were one big enity the reality is that there are many stock markets arouns the wor
    10·1 answer
  • ______ for an expatriate is the combination of many types of payments or reimbursements and must take into consideration exchang
    14·1 answer
  • Five fundamental economic problems​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!