Financial goals are helpful because they?

Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of using his debit card. Based on this agre

Fofino [41]

The impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Simply put, a Credit Card are offered to people by banks for purpose of making purchases or cash advances and requires them to pay back the loan amount in the future.

However, a Debit Card is quite different because it is issued by banks to an account-holder or facilitate easy withdrawal from his/her account through the ATM or at any Point of Sales.

Now, Jordan can use his Credit Card as well but he will be required to pay back the amount he withdrew with an extra Credit charges.

Therefore, in conclusion, the impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Read more about these Card here

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8 0

3 years ago

Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshak

jek_recluse [69]

Answer:

The correct answer is 5.

Explanation:

Faruq's income is $100. The price of tacos is $10. The price of milkshakes is $2.

If Faruq spends all his income on tacos he will be able to purchase

= $\frac{100}{10}$

= 10 tacos

If Faruq spends all his income on milkshakes he will be able to purchase

= $\frac{100}{2}$

= 50 milkshakes

So out of his total income he can either have 50 milkshakes or 10 tacos.

The opportunity cost of a taco will be

= $\frac{whta\ is\ sacrificed}{what\ is\ gained}$

= $\frac{50}{10}$

= 5

7 0

3 years ago

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost

Zarrin [17]

Answer:

Cash paid for merchandise is $236,800

Explanation:

Particulars Amount $

Cost of goods sold 243,000

Add: Merchandise inventory, December 31 72,700

Less: Merchandise inventory, January 1 -71,800

Purchases during the period 243,900

Add: Accounts payable, January 1 69,700

Less: Accounts payable, December 31 -76,800

Cash paid for merchandise 236,800

5 0

3 years ago

Shawn works 40 hours a week as a store manager if he made $27,040 last year how much was he paid per hour?

slamgirl [31]

Answer:

B.) $13.00

Explanation:

Assuming Shawn worked for the whole year.

Assuming the year had 52 weeks.

Each week had 40 hours. the year had 40x52 hours

i.e., the Swan worked for 2,080 hours in the year

Total amount earned = $27,040 for , 2,080 hours.

pay per hour = $27,040/2,080

=$13 per hour.

4 0

3 years ago

Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4

Vikentia [17]

Answer:

Job No 306 351,000 Cost Of Goods Sold

Job No 307 500,000 Finished Goods Inventory

Job No 308 256,500 Work In Process Inventory

Explanation:

We add the March balance and the April balances for each of the jobs to get the desired results.

Marcelino Co

Job No 306

March

Direct Materials 25000

Direct Labor 25000

Applied Overhead 12500

Opening Work In Process 62500

April

Direct Materials 131000

Direct Labor 105000

Applied Overhead (50% of 105,000) 52,500

Total Costs Added In April 288500

Total Costs 351,000

Status on April 30 Finished & Sold

Included in Cost Of Goods Sold

Job No 307

March

Direct Materials 40000

Direct Labor 18000

Applied Overhead 9000

Opening Work In Process 67,000

April

Direct Materials 205000

Direct Labor 152000

Applied Overhead (50% of 152,000) 76,000

Total Costs Added In April 433,000

Total Costs 500,000

Status on April 30 Finished & Unsold

Included in Finished Goods Inventory

Job No 308

March

Direct Materials ------

Direct Labor --------

Applied Overhead -------

Opening Work In Process ------

April

Direct Materials 105000

Direct Labor 101000

Applied Overhead (50% of 101,000) 50,500

Total Costs Added In April 256,500

Total Costs 256,500

Status on April 30 In Process

Included in Work In Process Inventory

8 0

3 years ago