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morpeh [17]
2 years ago
10

Which of these is NOT true about credit cards?

Business
1 answer:
solong [7]2 years ago
8 0
I believe it’s number 1
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Hazelwood Company had beginning inventory of $54,000. During the period the company purchased $109,800 of merchandise. At the en
Ilia_Sergeevich [38]

Answer:

$207000 is the sales revenue for the year.

Explanation:

The given situation is:

Sales Revenue                              100%

Cost Of Goods sold                     <u>  60% </u>

Profit Margin                                  40%

Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:

Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory

By putting values we have:

Cost Of Goods Sold = $54,000 + $109,800 - $39,600

Cost Of Goods Sold = $124,200

Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).

Sales revenue = Cost of goods sold  *    100% / 60%  

Sales revenue = $124200  * 100% / 60%  = $207,000

3 0
3 years ago
How did speculative investing weaken the stability of the stock market
Lena [83]
The main way in which speculative investing weakened the stability of the stock market was that it it led to high overvaluation of a company's worth, meaning that people began to divest quickly, leading to a run on the banks. 
7 0
2 years ago
The market for college education is perfectly competitive. Over the recent years, costs of equipping and maintaining modern clas
SVETLANKA909090 [29]

Answer:

Equilibrium price increases while the effect on equilibrium quantity is indeterminate.

Explanation:

Due to the higher cost of equipping and maintaining schools, the supply of schools would fall. This would increase the price of schools and the supply would fall.

Increased desire for college education would increase the demand for schools and the price of schools.

Taking the effect of demand and supply together, the equilibrium price would rise and there would be indeterminate effect on quantity

I hope my answer helps you

5 0
3 years ago
Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor superv
Ivenika [448]

Answer:Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor supervisor. Ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends. In the end, he decides to take the promotion. Ricardo's opportunity cost is choosing the promotion over time with his friends.

<u>Explanation:</u>

When there are many options in front of us.Out of these options when we select one we have to forgo the other options. While we forgo other options we have to bear the loss. So the opportunity cost is the cost of the next best option that we have given up.

if Ricardo works extra hours than he will not get time to spend with his friends so this is his loss which is arising due to the benefit he is getting from promotion. This loss will be his opportunity cost.

8 0
3 years ago
Semi-fixed Cost will be
Phantasy [73]

Answer:

B. more than zero if no products were made and would then increase in direct proportion to output

Explanation:

Semi-fixed Cost will be "more than zero if no products were made and would then increase in direct proportion to output."

This is because a semi-fixed cost also known as semi-variable cost or mixed cost is a combination of both a fixed factor and a variable factor.

Such that if production was zero some costs would still be incurred. However, as output rises, the variable part of the costs will rise in direct proportion to output.

7 0
3 years ago
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