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sineoko [7]
3 years ago
10

you can save on interest and reduce the time it takes to pay off a credit card balance if you pay more than the minimum amount d

ue each month
Business
1 answer:
garik1379 [7]3 years ago
5 0

Answer: True

Explanation:

It is always best to pay off more than the minimum balance on a credit card as you would get to save on interest and you would be able to pay off the credit card faster.

The balance on the credit card includes the amount owed as well as an interest component that is based on the amount owed. Paying off more than the minimum payment will reduce the amount owed which would also reduce the interest you pay because the interest would now be based on a lower amount.

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Rayburn owns all the shares of Newcastle Corporation, which operates as an S corporation. Rayburn's basis in the stock is $15,00
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Answer:

$7,000 $-0-

Explanation:

For Rayburn to know what to record from the cash distribution, he will need to subtract his basis in the stock from the cash distribution he receives

Therefore $22 000 - $15 000 = $7 000.

And Newcastle has no income =$-0-

7 0
3 years ago
Black Corporation declared $50,000 cash dividends to shareholders. The coporation has 4,000 shares of $25-par, 5% preferred stoc
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Answer:

$5,000 will be distributed to preferred stockholders and $45,000 will be distributed among common stockholders.

Explanation:

The accrued dividend on preferred stock based on predetermined rate or amount is known as preferred stock dividend. Preferred stock has priority over common stockholders, It means that dividend will be given to preferred stockholder first.

Preferred stock dividend = 4,000 shares x $25 x 5% = $5,000

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3 years ago
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Answer:

55

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correct

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