BUSINESS COLLEGE

This service allows you to pay at a point of sale and accesses funds in the bank but usually does not charge you a fee:A credit card

A student loan

A debit card

A car loan

Answers

Answer 1
Answer:

Answer:

A debit card

Explanation:

A debit card allows customers to make electronic payments using the funds at their bank accounts. If the customer does not have sufficient funds in their bank accounts, the transaction won't go through.

A debit card is similar to a credit card in appearance. However,  a debit card does not levy interest fees or late payment fees because it's not a credit facility.

Related Questions

Differential analysis is a common method used when making which decisions?a. long-term capital project decisionsb. short-term business decisionsc. sunk cost decisionsd. long-term business decisions
A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 6.4%. What is the stock's current price? $17.39 $17.84 $18.29 $18.75 $19.22
Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Common stock, $6 par value, 120,000 shares authorized Preferred stock, 11 percent, par value $13 per share, 5,000 shares authorized During the year, the following transactions took place in the order presented: a. Sold and issued 21,900 shares of common stock at $26 cash per share. b. Sold and issued 2,800 shares of preferred stock at $30 cash per share. c. At the end of the year, the accounts showed net income of $41,600. No dividends were declared.Required:Prepare the stockholders’ equity section of the balance sheet at the end of the year.
Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Co. for Year 1. Salaries expense $122,000 Beginning retained earnings $61,100 Common stock 110,000 Warranties payable (short term) 6,500 Notes receivable (short term) 32,500 Gain on sale of equipment 19,000 Allowance for doubtful accounts 19,000 Operating expenses 65,000 Accumulated depreciation 66,000 Cash flow from investing activities 116,000 Notes payable (long term) 160,000 Prepaid rent 38,000 Salvage value of building 21,000 Land 95,000 Interest payable (short term) 6,000 Cash 41,000 Uncollectible accounts expense 45,000 Inventory 101,000 Supplies 6,500 Accounts payable 55,000 Equipment 243,000 Interest expense 36,000 Interest revenue 6,200 Salaries payable 68,000 Sales revenue 940,000 Unearned revenue 47,000 Dividends 20,000 Cost of goods sold 595,000 Warranty expense 9,200 Accounts receivable 108,000 Interest receivable (short term) 3,600 Depreciation expense 3,000
Two firms, A and B, each currently dump 50 tonnes of chemicals into the local river. From now on both firms will require a pollution permit for each tonne of pollution dumped into the river. The government gives each firm 20 tonnes’ worth of pollution permits, which it can either use or sell to the other firm. It costs Firm A $100 for each tonne of pollution that it eliminates before it reaches the river, and it costs Firm B $50 for each tonne of pollution that it eliminates before it reaches the river. What is likely to happen?

Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international events or because of a lack of demand history reflecting the stages of demand from product development to decline? A) horizontal B) seasonal C) random D) cyclical

Answers

Answer: D) cyclical

Explanation:

Cyclical Demand is difficult to predict because it goes according to the business cycle and hence is affected on a Macro Economic scale by events at a National or International level.

This means that something could be in demand today but the demand could fall or rise sharply based on the stage of the business cycle the economy is in.

Nancy is considering whether her toy manufacturing business should develop its own brand. Which is a company reward Nancy can expect from branding?

Answers

Answer: a. Brands enhance loyalty.

Explanation:

Brands enhance loyalty because people are more likely to identify with a symbol than with something that has a general identity. When a company has a brand therefore, it will enhance the loyalty of its consumers as they look to identify with that brand.

Take Adidas for instance, the three stripes logo is so iconic that people can sometimes have entire wardrobes of Adidas apparel to show those three stripes off and show that they identify with it. This is the benefit that Nancy stands to gain with branding.

Ambrosia Foods produces a gourmet condiment that sells for $ 22 per unit. Variable cost is $ 8 per​ unit, and fixed costs are $ 8,000 per month. If Ambrosia expects to sell 1,500 ​units, compute the margin of safety in units

Answers

Answer:

Margin of safety in units = 590.9 units (approx. 591 units)

Explanation:

To calculate this, we have to determine the margin of safety in terms of cash/amount, then convert it to units.

The margin of safety in this case is defined as the difference between the selling price and the break even point. It can simply be explained as the profit made on selling a product, gotten after deduction cost of production.

First of all, let us calculate the total cost of production for 1,500 units;

variable cost;

1 unit = $8

∴ 1,500 units = 1500 × 8 = $12,000

Fixed cost = $8,000

Therefore total cost of production = variable cost + fixed cost

= 12,000 + 8,000 = $20,000

Next, let us calculate the selling price;

1 unit = $22

∴1,500 units = 1,500 × 22 = 33,000

safety margin in cash = Selling price - cost price = 33,000 - 20,000

= $13,000

To convert this amount to units, let us find out how many units are sold for $13,000 as follows;

$22 = 1 units

∴ $13,000 units = (1/22) × 13,000 = 590.9 units

Which of the following correctly explains the dominant firm model of an oligopoly? Group of answer choices
A. The firm that sets the lowest price gains the entire market share.
B. A single firm sets a price which is lower than the current market price and gains market share at the expense of the other firms.
C. A single firm sets the price in the market, which is taken as given by the other smaller firms.
D. Each firm in the market sets its price based on the reaction of the other firm.
E. The firms in the market collude and set prices in order to maximize their combined profits.

Answers

Answer:

C. A single firm sets the price in the market, which is taken as given by the other smaller firms

Explanation:

An oligopoly is when there are a few large firms operating in an industry. There are significant barriers to entry or exit of firms in the industry.

An oligopoly can set price through price leadership. It is when a firm sets the price in the market, which is taken as given by the other smaller firms.

Another way an oligopoly sets prices is through collusion. It is when firms in an oligopoly come together to set prices.

I hope my answer helps you.

Most voluntary changes in accounting principles are reported retrospectively. This means for each year reported in the comparative statements, we make those statements appear as if the newly adopted account­ing method had been applied all along. A journal entry is created to adjust all account balances affected as of the date of the change. In the first set of financial statements after the change, a disclosure note describes the change and justifies the new method as preferable. It also describes the effects of the change on all items affected, including the fact that the retained earnings balance was revised in the statement of shareholders’ equity.Melas Company changed from the LIFO to the FIFO inventory costing method on January 1, Year 3. Inventory values at the end of each year since the inception of the company are as follows:

FIFO LIFO
Year 1 $195,000 $177,500
Year 2 $390,000 $355,000

Ignoring income tax considerations, prepare the appropriate journal entry, dated January 1, Year 3, to report this accounting change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer:

Explanation: times all the number together

Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $238,900 Actual manufacturing overhead cost $244,100 Estimated machine hours 20,000 Actual machine hours 23,000 The estimates were made as of the beginning of the​ year, while the actual results were for the entire year. The amount of manufacturing overhead allocated for the year based on machine hours would have been​ _____ .​ (Round intermediary calculations to the nearest cent and final answer to the nearest​ dollar.) A. $274,850. B. $238,900. C. $244,100. D. $212,261.

Answers

Answer:

Allocated MOH= $274,850

Explanation:

Giving the following information:

Estimated manufacturing overhead cost $238,900

Estimated machine hours 20,000

Actual machine hours 23,000

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 238,900/20,000

Predetermined manufacturing overhead rate= $11.945 per machine-hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 11.95*23,000

Allocated MOH= $274,850
Other Questions
Briana was employed as a flight attendant by Tropical Coast Airlines. She was the only black female flight attendant on the airplane she was assigned to. At her job, Briana was frequently subjected to racial slurs, misbehavior, and threats from her co-workers. One co-worker even told their supervisor that the airline’s customers would not want to take orders from a black girl in the case of an in-flight emergency. Unable to tolerate the hostile environment, Briana quit her job. Which of the following holds true in this scenario? A) Briana has a cause of action for racial harassment under 42 U.S.C. section 1983. B) Briana does not have a cause of action for racial harassment, as she resigned at her own will. C) Briana has a cause of action for racial harassment under Title VII of the Civil Rights Act of 1964, as there is evidence that she was harassed. D) Briana does not have a cause of action for racial harassment, as the actions of her co-workers were not pervasive or severe.
Journalize Period Payroll The payroll register of Chen Heritage Co. indicates $3,000 of social security withheld and $750 of Medicare tax withheld on total salaries of $50,000 for the period. Federal withholding for the period totaled $9,000. Retirement savings withheld from employee paychecks were $2,550 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
The manufacturing overhead budget at Rost Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,800 direct labor-hours will be required in September. The variable overhead rate is $7.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,120 per month, which includes depreciation of $3,640. All other fixed manufacturing overhead costs represent current cash flows. The September cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Calculating Residual Income East Mullett Manufacturing earned operating income last year as shown in the following income statement: Sales $531,250 Cost of goods sold 280,000 Gross margin $251,250 Selling and administrative expense 184,500 Operating income $66,750 Less: Income taxes (@ 40%) 26,700 Net income $40,050 At the beginning of the year, the value of operating assets was $390,000. At the end of the year, the value of operating assets was $460,000. East Mullett requires a minimum rate of return of 10%. Required: For East Mullett, calculate: 1. Average operating assets $ 2. Residual income $