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3 years ago

Credit Card #1

Business

1 answer:

o-na [289]3 years ago

8 0

Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.

The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.

Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.

If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.

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describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. which sho

bogdanovich [222]

A company in monopolistic opposition produces an allocatively green output degree even as a company in best opposition produces a productively green output degree.

The long-run equilibrium answer in monopolistic opposition usually produces 0 monetary income at a factor to the left of the minimal of the common overall value curve. The life of excessive limitations to access prevents corporations from coming into the marketplace even withinside the long run.

Therefore, it's far viable for the monopolist to keep away from opposition and hold making tremendous monetary income withinside the long run. One feature of a monopolist is that it's far a income maximizer. Since there's no opposition in a monopolistic marketplace, a monopolist can manage the charge and the amount demanded. The degree of output that maximizes a monopoly's income is calculated through equating its marginal value to its marginal revenue.

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2 years ago

All About Animals has two product lines: Cat food and Dog food. Contribution margin income statement data for the most recent y

Tju [1.3M]

Answer:

B. Decrease $19,000

Explanation:

The computation of the amount affect the operating income is shown below

But before that first we need to find the new operating income

Total operating income for Cat Food $280,000

Less: Fixed costs for Dog Food ($52000)

Add: rented per year $26000

New net operating income $254000

Now decrease in net operating income is

= operating income - new operating income

= $273,000 - $254,000

= $19,000

3 0

3 years ago

Morocco desk co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to reco

Natali [406]

Answer:

Option (a) is correct.

Explanation:

Given that,

Lumber purchased = 6,000 feet

Cost per foot (actual price) = $6

Standard price for direct materials = $5

Cost of purchasing material:

= Quantity of lumber purchased × Price per foot

= 6,000 × $6

= $36,000

Direct materials price variance:

= (Standard Price - Actual Price) × Actual Quantity purchased

= ($5 - $6) × 6,000

= $6,000 Unfavorable

Therefore, the journal entry is as follows:

Direct Materials A/c Dr. $30,000

Direct Materials Price Variance A/c Dr. $6,000

To Accounts Payable 36,000

(To record the purchase and unfavorable direct materials price variance)

7 0

3 years ago

a senior manager from the business unit most affected by a project and who ensures the project will indeed meet the needs of his

Naily [24]

The above statement is true. The project sponsor is a senior manager from the business unit most affected by a project who assures the project will fulfill the needs of his or her firm.

The project sponsor is in charge of the project's overall success, which includes selecting the project manager and team, establishing success parameters, and guaranteeing the project's timely completion.
Executive sponsor is a position in project management, typically held by the project board's most senior member and frequently its chair. A top executive at a company who is accountable to the company for the project's success will serve as the project sponsor.
Members of senior management who support projects and have a significant amount of influence and power are known as project sponsors. The names of project sponsors vary frequently, including those of product sponsors, project directors, account managers, and business unit managers.

Thus this is definition of project sponsor.

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3 0

1 year ago

Spielberg Company's general ledger shows a checking account balance of $22,810 on July 31, 2021. The July cash receipts of $1,72

Flauer [41]

Answer:

(a) Bank Reconciliation statement:

Bank's cash balance:

= Per bank statement + Deposits outstanding - Checks outstanding

= $22,346 + $1,725 - $1,300

= $22,771

Therefore, bank balance per reconciliation is $22,771.

Company's cash balance:

= Per general ledger - service fees

= $22,810 - $39

= $22,771

Therefore, company balance per reconciliation is $22,771.

(b) Journal entry to adjust balance for cash is as follows:

Bank service charge expense A/c Dr. $39

To Cash A/c $39

(To record bank service charge)

6 0

3 years ago