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3 years ago

What’s the difference payment wise between a debit and credit card?

Business

1 answer:

Jet001 [13]3 years ago

3 0

A credit card is borrowed money and you pay it in return later on. Debit card is money from your bank account

You might be interested in

Assume the macro islands can produce either 25 fishing boats or 150 jars of guava jelly in one hour. the micro islands can produ

LenKa [72]

Answer:

The correct answer is letter "C": the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.

Explanation:

Comparative advantage is an advantage an individual, organization or country has to use <em>opportunity costs</em> in their production compared to their competitors. The scenario described above does not imply that the individual, organization or country has an absolute advantage.

In the example proposed:

Comparative advantage of Macro islands in fishing boats = $\frac{25}{150}= 0.17$
Comparative advantage of Micro islands in fishing boats = $\frac{30}{300} = 0.10$

Comparative advantage of Macro islands in jars = $\frac{150}{25} = 6$
Comparative advantage of Micro islands in jars = $\frac{300}{30} = 10$

Thus, <em>the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.</em>

5 0

4 years ago

Todd offers to shovel the snow off Maria’s patio for $25. Maria agrees verbally and shakes Todd’s hand to sign off on the agreem

AfilCa [17]

Answer:

express and bilateral contract

Explanation:

An express contract is a contract in which the parties involved have carefully and explicitly/openly set the terms of the contract.

This contract contains agreements of both parties either verbally or in writing. Express contracts are also called Special contracts.

from the question, Todd's offer to shovel Maria's patio for a fee and her acceptance of the fee for the job is an express contract as it is oral.

A bilateral contract on the other hand is a contract in which both parties involved agree to their part of the contract. In the case of the question, Todd's part is to shovel Maria's patio while Maria's part of the contract is to pay Todd $25 for the job.

I hope this helps.

7 0

4 years ago

If the inverse demand function is:

Vesnalui [34]

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

8 0

3 years ago

Journalize the following transactions for Powell Company using the gross method of accounting for sales discounts. Assume a perp

Marianna [84]

Answer:

Jan 7

Dr Cost of Good Sold 7,860

Cr Inventory 7,860

(to record the cost of good sold)

Dr Account Receivable 13,100

Cr Revenue 13,100

( to record revenue and receivable owed from Stewart)

Jan 13

Dr Sales Returns 2,620

Cr Account Receivable 2,620

(to record sales return from Stewart)

Dr Inventory 2,620

Cr Cost of good sold 2,620

(to record inventory returns and decrease in cost of good sold due to sales return from Stewart)

Jan 18

Dr Cash 10,480

Cr Account Receivable 10,480

( to record full collection from Stewart after 11 days)

* further working note on Jan 18 transaction: As Stewart had return $2,620 sales; the Receivable from Stewart is just $10,480 ( 13,100 - 2,620). Also, the term of receivable is 5/10, n/30; the repayment after 10 days received from Steward is not eligible for discount.

Explanation:

3 0

3 years ago

Chester currently has $14,000,000 in cash and management has decided to issue stocks and bonds worth an additional $8,000,000. T

slava [35]

Answer:

Retiring the oldest bond

Explanation:

Firms issue bonds to raise the funds. Firm has to pay dividend on those bonds and the ability of firm to pay dividend reflect the financial position of the firm. Thus, retiring the oldest bond in exposes company to the most risk of being issued an emergency loan

6 0

3 years ago