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Kipish [7]
3 years ago
8

A _____, offered by companies such as American Express, carries no spending limit, and the entire amount billed to the card is d

ue at the end of the billing period.
Business
1 answer:
GalinKa [24]3 years ago
7 0

Answer:

Charge card

Explanation:

A charge card is a type of electronic payment card in which there is no interest is to be charged but you needs to the pay the balance of the statement either full or monthly basis. Also it has the highest annual fee that should be charged

So as per the given situation, it is the charge card scenario

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The sales level at which a company neither earns a profit nor incurs a loss is called the: _________
xz_007 [3.2K]

The sales level at which a company neither earns a profit nor incurs a loss is called the Break-even point.

<h3>What is the Break-even point?</h3>

Break-even is known to be a point or a situation where a firm is said to neither is making money nor they are losing money.

At this point, all the costs are said to have been covered. Break-even analysis is known to be very vital in studying the linkage between the variable cost, fixed cost and revenue. At this point, a firm is neither earns a profit nor incurs a loss.

Learn more about Break-even point from

brainly.com/question/9212451

6 0
3 years ago
It has been announced that
kipiarov [429]
The demand of hurricane supplies goes down.
7 0
3 years ago
Grand River Corporation reported taxable income of $600,000 in year 1 and paid federal income taxes of $155,000. Not included in
Paul [167]

Answer:

$444,000

Explanation:

current earnings and profits = (taxable income - income taxes) - meals expense + tax exempt income = ($600,000 - $155,000) - $3,000 + $2,000 = $444,000

Disallowed expenses are expenses made by an individual or company that the IRS doesn't allow to be deducted, e.g. meals. Tax exempt income is income that is not taxed by the IRS, e.g. DRD includes at least 70% of dividends received.

Deferred gains or unearned revenues are considered a liability and are not included in the income statement.

7 0
3 years ago
When the direct method of preparing a statement of cash flows is used, an enterprise should provide a reconciliation of net inco
bonufazy [111]

Answer:

Operating is the correct answer.

Explanation:

6 0
3 years ago
You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this p
NeX [460]

Answer:

$2,575,278.87

Explanation:

Present Value = $458,000 + $458,000 /(1+.08)^1 + $458,000 /(1+.08)^2 + $458,000 /(1+.08)^3 + $458,000 /(1+.08)^4 + $458,000 /(1+.08)^5 + $458,000 /(1+.08)^6

Present Value = $458,000 + $424,074.07 + $392,661.18 + $363,575.16 + $336,643.67 + $311,707.10 + $288617.69

Present Value = $2,575,278.87

So, the present value of the cash flow stream that the company is offering to me is $2,575,278.87.

3 0
3 years ago
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