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olchik [2.2K]
3 years ago
9

Marco wants to cancel his department store credit card so he threw it away after he paid last month's balance. Was this a good i

dea? Why or why not?
Ricky found his credit card statement in a stack of papers on his desk. The credit card
payment was due last week. Ricky decided that since it was already late paying the bill he would just wait till next month to make a payment. Do you think this is a good idea?
Why or Why not?
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

1. No, becuase someone could steal it.

2. No, becuase the fine you get for not paying a bill will grow.

Explanation:

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Why is the accrual-based income statement superior to a cash-based income statements in measuring profitability? (Select all tha
Leno4ka [110]

The accrual-based income statement superior to a cash-based income statements in measuring profitability because It reports the expenses incurred in generating the revenues regardless of when the cash was paid.

What distinguishes the accrual basis of accounting from the cash basis of accounting?

When money is received or spent, it is recorded as revenue using the cash foundation of accounting. When using the accrual basis of accounting, revenues are recorded as they are earned and expenses as they are incurred.

What is an income statement with an accrual basis?

Accounting on an accrual system records revenue and corresponding costs as they are incurred, rather than when money is exchanged. Accordingly, businesses report revenue when it is earned rather than when it is received.

To know more about Income Statement Visit

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3 0
1 year ago
Juanita is having her yard landscaped. She obtained an estimate from two landscaping companies. Company A gave an estimate of $2
mafiozo [28]

Answer:

8 hours is required for both companies to cost the same

Explanation:

given data

company A materials and equipment = $220

company A labor = $45 per hour

company B materials and equipment = $300

company B labor = $35 per hour

to find out

how many hours of labor required

solution

total cost of company A =  220 + 45 h

total cost of company B =  300 + 35 h

so we can say

total cost of company A = total cost of company B

220 + 45 h  = 300 + 35 h

h = 8

so 8 hours is required for both companies to cost the same

5 0
3 years ago
Jill smith, a careful utility maximizer, consumes only two goods, peanut butter and ice cream. she had just achieved the utility
Mrac [35]
As she adjust to this event, SHE WILL CONSUME LESS PEANUT BUTTER AND MORE ICE CREAM.
Utility maximization is an economic concept, which consumers use when making purchases. Consumers usually try to get the greatest possible value from the least amount of money. Thus, the theory of utility is a theory of consumer behaviour, which explain how consumers allocate their incomes.
8 0
3 years ago
In a market system: A. a firm's owners are largely shielded from risk because they can walk away from the business at any time.
Karo-lina-s [1.5K]

Answer:

The correct answer is option B.

Explanation:

In a market system, the suppliers and employees are generally shielded from risk. The stockholders and owners of the business are most exposed to risk.

The employees will get their salaries which are fixed and the suppliers will get payments for their supplies. The profits of business owners and stockholders may fluctuate so they are exposed to risk.

The employees and suppliers do not get to share profits but they are shielded from risks.

7 0
3 years ago
Suppose someone offered you your choice of two equally risky annuities, each paying $5,000 per year for 5 years. One is an annui
pshichka [43]

Answer:

the annual due

Explanation:

3 0
3 years ago
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