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3 years ago

A temporary 0% APR is a good way to attract new credit card customers. This type of APR is known as:

Business

1 answer:

beks73 [17]3 years ago

8 0

Answer:

d) Introductory rate

Explanation:

APR, or annual percentage rate, is the interest rate applied when using a credit card. A credit card company may introduce offers to boost the uptake of credit cards.

One way to increase uptake is through the 0% APR introductory offer. A temporal 0% APR means no interest will be charged for the use of the credit card for a time as determined by the credit card company. To take advantage of this offer, a customer must pay the minimum payments due on the statement.

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Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

ivann1987 [24]

Answer:

Cost per equivalent unit Materials = $ 2.82

Cost per equivalent unit Conversion = $2.65

Explanation:

Richards Corporation

1) We first calculate the fifo equivalent units .

FIFO Equivalent units can be calculated by the following.

Particulars Units % of Completion Equivalent Units

Mat. Con. Costs Materials C. Costs

Transferred out, 366,000 100 100 366,000 366,000

Ending inventory, 39,000 30 15 11700 5850

Total Weighted Equivalent Units 377,700 371,850

Less

Beginning Inventory: 98,000, 80% 20% 78,400 18000

FIFO Equivalent Units 299,300 353,850

2) We calculate the total costs

Direct Materials Conversion

Costs in beginning Work in Process -$55,200 $97,700

Costs incurred in October - $844,050 $937,300. 

Total Cost $ 899250 1035,000

3) In FIFO The cost per unit is based only on the current costs and current period unit productions.

Materials = $844050/299300= $2.82

Conversion = 937,300 / 353,850 = 2.6488= $2.65

8 0

2 years ago

In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem,

Leni [432]

Answer:

Y = C + I + G + NX

S = Y - C

S = I + G + NX

Explanation:

National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}

National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C

Using above equations, Y = C + S , Y = C + I + G + NX

C + S = C + I + G + NX

So, S = I + G + NX

4 0

2 years ago

How could the federal reserve encourage banks to lend out more of their reserves?

natta225 [31]

Had to look for the options and here is my answer.
How the Federal Reserve could persuade banks to lend out more of their reserves is by REDUCING THE DISCOUNT RATE. The Federal Reserve is known to be the central bank of the United States which regulates the financial activities of the nation and how this affects their economy. Hope this helps.

5 0

3 years ago

ABC Inc. recently purchased an equipment. The price negotiated with the seller was $20,000. Aqua also paid sales tax of $2,000 o

MaRussiya [10]

Answer: $22500

Explanation:

The following information can be gotten from the question:

Price of equipment = $20,000

Sale tax = $2000

Maintenance cost = $2200

Shipping cost = $500

The amount that the equipment should be recorded on the balance sheet prior to recording depreciation expense will be calculated as:

Price = $20000

Add: Sales Tax = $2000

Add: Shipping & Preparation = $500

Price of the equipment before depriciation will then be:

= $20000 + $2000 + $500

= $22500

5 0

2 years ago

On April 2 a corporation purchased for cash 6,000 shares of its own $13 par common stock at $26 per share. It sold 4,000 of the

maxonik [38]

Answer:

Explanation:

The journal entries are shown below:

a. Treasury stock A/c Dr $156,000 (6,000 shares × $26)

To Cash A/c $156,000

(Being the purchase of treasury stock is recorded)

b. Cash A/c Dr $116,000 (4,000 shares × $29)

To Treasury Stock A/c $10,4000 (4,000 shares × $26)

To Paid in capital - Treasury stock $12,000

(Being treasury stock is sold at higher price and the remaining amount would be credited to the paid in capital account)

c. Cash A/c Dr $44,000 (2,000 shares × $22)

Paid in capital - Treasury stock $8,000

To Treasury Stock A/c $52,000 (2,000 shares × $26)

(Being treasury stock is sold at lower price)

5 0

2 years ago