Answer:
B. the minimum amount a borrower must pay back each month.
Explanation:
A credit card is the credit facility that the credit card company issues to the credit cardholder. The credit card facilities allow the cardholder to make payments for goods and services on credit up to a set limit. Sine credit card is a debt; the credit card company issues a statement at the end of every month to claim payments from the cardholder.
The credit card statement contains the outstanding statement balance and the minimum monthly payment. The customer is advised to clear all the outstanding balance to avoid interest fees. However, if the customer cannot settle the entire balance, they must pay the minimum balance. Failure to pay the minimum balance is defaulting on the credit card and comes with heavy penalties.
Answer:
Uber’s main angel is to become the main source for the transportation of people and local commerce around the country. This means ” adding scooters, bikes, public transportation schedules (and, even the ability to buy tickets) to Uber’s app. They will make it easier for more people to work for them and also it will benefit them financially.
Explanation:
Answer:
<u>Cheyenne Company</u>
Amount in $ Amount in $
Sales revenue 728,400
Less;
Sales Returns and Allowances 25,320
Sales Discounts 12,380
<u> (37,700)</u>
Net sales <u> 690,700</u>
Explanation:
The revenue section of the income statement shows the computation of the net sales which is the result of the total sales less sales returns, discounts and allowances.
Answer:
179.52%
Explanation:
The computation of the percentage return is shown below:
Amount invested is
= 15 × 100 × 70%
= $1,050
Now
Total return is
= (100 × $0.3) + 100 × ($34 - $15) - $45
= $1,885
Return on invested capital is
= $1,885 ÷ $1,050
= 179.52%
Answer:
False
Explanation:
Not all depositors will get their cash. The FED, which is the body that regulates commercial banks, requires the banks to keep only a small percentage of customers deposits in their custody. The percentage maintained in the banks is known as the reserve. The percentage of the reserves requirement varies with time.
If all depositors decide to withdraw at once, they can not get their money as only the reserve amount will be available in the banks. Commercial banks usually lend out the rest of the customers' deposits to make profits.
