Answer:
they provide convenient receipts for purchases
Explanation:
Checks payment is a form of paying bills. They were created to allow people to make payments without carrying large amounts of cash hence convenient for purchases.They are also are safer than other forms of payment as they are traceable; when a transaction occurs and payment is made by checks, banks usually make copies of each check and the owner remains with an underlying copy from the check book.
Answer:
number of payment is 3.05 payment
so correct option is b 3.05 payments
Explanation:
balance = $5000
annual rate r1 = 18.7 % = 
= 0.01558
credit card charging r2 = 5.9% = 
= 0.004917
payments P = $250 month
to find out
How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card
solution
we first find time t both rate by total balance formula that is
balance = 
...........................1
here P is payment and t is time and r is rate
put here all value and find t for r1
balance =
5000 = 
take log both side
log 0.6884 = log 1 - log
t = 24.1519 .................2
and now put here all value and find t for r2
balance =
5000 = 
take log both side
log 0.9016 = log 1 - log
t = 21.1055 .....................3
so by equation 2 and 3
so no of payment will be 24.1519 - 21.1055
so number of payment is 3.05 payment
so correct option is b 3.05 payments
Answer:
40%
Explanation:
The computation of the return on equity is shown below:
= (Net income - interest expense) ÷ (weightage average of common stockholders' equity)
where,
Weightage average of common stockholders' equity equals to
= (Total common stockholders' equity at the beginning of the year + Total common stockholders' equity at the end of the year) ÷ 2
= ($410,000 + $290,000) ÷ 2
= $350,000
And, the other items values would remain the same
Now put these values to the above formula
So, the value would be equal to
= ($170,000 - $30,000) ÷ ($350,000)
= 40%
Answer:
Increase in assets of $8,000 and an increase in liabilities $8,000
Explanation:
The effect of the transaction is shown below with the help of the accounting equation
Liabilities + Owner equity = Assets
$8,000 + 0 = $8,000
($10,000 - $2,000)
Therefore from the above calculation, we can see that there is an increase in assets also there will be an increase in liabilities but no effect on stockholder equity
My answer is contemplation
