16. A type of card that allows the card holder to spend a certain amount of money without ever having to pay it back?

Deluxe Company has the following information: Total estimated manufacturing overhead costs $300,000 Total estimated machine hour

cluponka [151]

Answer:

its a formula, however long the machine is running the manufacturing rate will be higher thus increasing their income

Explanation:

7 0

2 years ago

The rule of law is important because it _______. In regard to governments, the rule of law _______.

blondinia [14]

Blank 1. Protect citizens from crime and justice
Blank 2. Applies to them in only certain cases

7 0

3 years ago

As prepaid expenses expire with the passage of time, the correct adjusting entry will be a:

Nonamiya [84]

Answer:

d. debit to an expense account and a credit to an asset account.

Explanation:

When a prepayment is made, the entries recorded are Debit prepaid expense and credit Cash account to recognize the amount prepaid.

As time passes and the expenses are incurred, the entries required are debit expense account and credit prepaid expense (an asset) with the amount of the expense incurred as a result of the passage of time.

4 0

2 years ago

Louise McIntyre's monthly gross income is $2,000. Her employer withholds $400 in federal, state, and local income taxes and $160

GREYUIT [131]

Answer:

a) 27.2%

b) No

Explanation:

Given:

Monthly gross income = $2,000

Federal, state, and local income taxes = $400

Social Security taxes per month = $160

IRA per month = $80

Monthly credit payments for Visa, = $35

Monthly credit payments for MasterCard, = $30

Monthly credit payments for Discover cards = $20

Automobile loan payment = $285

Now,

Net income of Louise = Gross income - Total Taxes - IRA

= $2,000 - ( $400 + $160 ) - $80

= $1,360

Total debt payments = Credit card payments + Automobile loan payment

= ( $35 + $30 + $20 ) + $285

= $370

Therefore,

Debt payments-to-income ratio = $\frac{\textup{Debt payments}}{\textup{Net income
}}$

= $\frac{\textup{370}}{\textup{1,360}}$

= 0.272

or

= 0.272 × 100% = 27.2%

(b) An individual should not spend more than 20% of their net income as debt to be within the means.

Since, the debt payments-to-income ratio exceeds 20 percent of her net income.

Hence, Louise is not living within her means

6 0

3 years ago

If you get an email from your bank on its official stationery that asks for your account number, what should you do

andreyandreev [35.5K]

When an email is received in one's bank name and asks for account number, it is more likely a fraud and should be reported immediately.

It is very uncommon and rare for bank to contact an account-owner and when they does, it is usually for complicated situations, complimentary messages, product offers etc

This type of message received (<em>in question</em>) are usually from a malicious party disguising as you bank and it is referred to as email phishing.

In conclusion, when an email is received in one's bank name and asks for account number, the intent is more likely a fraud and should be reported immediately to necessary department.

Read more here

<em>brainly.com/question/1627286</em>

6 0

2 years ago