A late fee will be charged
Answer:
D IS CORRECT ONG
Explanation:
Answer:
Information levels
Explanation:
Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goals, and generating financial analysis across departments and the enterprise as a whole. Ben's duties provide value-added to his company and would be categorized as different information levels
Ben has to manage information on what we can say three different level; individual level which is developing individual goals, team or business unit , which according to the question is departmental goals and generating financial analysis across deparments and on a corporate level, which is the enterprise as a whole which will be reviewed by the executive teamand adding value to the company as a whole.
Option A is correct.
Credit cards charge the highest interest rates.
Further explanation:
Credit card:
Credit card is issued by financial institutes such as banks. A credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and spend the funds as per their requirements. A credit card can be used for the purchase of goods and services. A credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.
Justification for the correct and incorrect answer:
A
Credit cards: This option is correct.
Credit cards are used for the purchase of products or services. Credit card charges the highest rate of interest than the mortgage loans or any other loans.
B
Cashier's checks: This option is incorrect.
Cashier’s checks are a check guaranteed by the bank or financial institution. They are mainly required by the brokerage transactions. They also charge a high rate of interest but not more than the credit card’s rate of interest.
C
Pre-paid cards: This option is incorrect.
Pre-paid cards include MasterCard, Visa, and American express, these can be used anywhere for purchasing any item like shopping or goods purchased. And pre-paid cards charge the lowest rate of interest for loading the amount in the card.
D
Payday loans: This option is incorrect.
A payday is a small amount of loan taken for any purpose. Payday loans are expensive but they do not charge a high rate of interest than the credit cards. They charge a high rate of interest depending upon the income of the borrower for taking short-term loans.
Thus, credit cards charge the highest interest rates.
Learn more:
1. Common credit card fee
2. Charging fee in case of credit card
3. Consequences of non-payment of monthly credit card payment
Answer details:
Grade: High School
Subject: Business studies
Chapter: Money and banking
Keywords:Which payment method typically charges the highest interest rates, Credit cards, Cashier's checks, Pre-paid cards, Payday loans, MasterCard, Visa, American express, lower, loading, amount, short-term, high rate of interest.
Answer:
Ed and his Widow's Gross Income is:
$97,000
Explanation:
a) Data and Calculations:
Gifts from individuals $10,000
Medical expense offset 25,000
Time of need pay 12,000
Group life insurance 50,000
Gross income $97,000
b) Ed and his widow's gross income is $97,000. It is the sum of all forms of earnings before any deductions or taxes. The gross income is higher than the net income, which is defined as the gross income minus taxes and other deductions.
Ed's gross income includes the gifts and life insurance payout, but not the support received by his widow.
Ed's gross income includes the $10,000 in gifts from individuals and the $50,000 collected on the group term life insurance policy. These amounts are considered taxable income. The $12,000 paid to Ed's widow in her time of need is not considered gross income because it can be classified as a gift or as support received on account of the marital relationship.
#SPJ3
b. determines the Fed's monetary policy.
c. advises the president on economic developments and strategy.
d. advises Congress on economic developments and strategy.
C. Advises the president on economic developments and strategy. The Council of Economic Advisers is an agency that advises the U.S. President on economic policy. It functions under the Executive Office of the President. It provides empirical study and prepares the annual Economic Report of the President .