A credit card issuer is an unsecured creditor that makes money by charging and collecting fees for transactions made with a credit card.
How does a credit card issuer earn money?The credit card issuer is the one who grants credit to the consumer based on the holder's market credibility. He is an unsecured creditor because no collateral can be recovered if the cardholder defaults.
The following are some of the ways that card issuers make money from their cards:
Interest is charged when a credit amount is not paid on time.Charging merchants a fee for accepting credit card paymentsFees charged by payment gatewaysCharges for cash withdrawalsAs a result, the methods through which a credit card issuer or company earns money is in the ways as aforementioned above.
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Answer:
Credit card companies make money on their cards by charging banks a fee to issue their cards. They also charge merchants to accept their credit cards when customers use them to pay for products and services. Credit card issuers are financial institutions that establish credit accounts for their customers and provide them with a pre-approved credit limit.
Explanation:
its the sample response
Initially trade between the United States and Canada is balanced. Then, if a change in the exchange rate reduces the U.S. dollar price of Canadian goods, ceteris paribus*, we would expect ________________
If a change in the exchange rate reduces the U.S. dollar price of Canadian goods, ceteris paribus*, we would expect a trade surplus in Canada.
What is the impact of a decline in the exchange rate?When U.S. dollar price of Canadian goods declines, it means that the Canadian dollar has depreciated while the US dollar has appreciated. This means that there would be an increase in the demand for Candian goods. This would increase export. Thus, there would be a trade surplus.
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According to the Coase theorem, private parties can negotiate to an efficient solution in the presence of externalities if the ______ is (are) relatively low.
Answer:
transaction costs is your answer
Explanation:
If bank customers decided as a group to pay off their loans and not take out any new loans, ceteris paribus: Group of answer choices Excess reserves would decrease. The money multiplier would decrease. The money supply would increase. The money supply would decrease.
The money supply in an economy will decrease if the bank customers decided as a group to pay off their loans and not take out any new loans.
What is a money supply?In an economy, the money supply refers to the total amount of money that is circulatingb in such economy.
The rate of use of currency, loan instrument, certificates of deposits etc are determines the level of increase or decrease of the level of money supply in an economy.
Therefore, the Option D is correct.
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How often should you update the information in your resume
Answer:
tue answer is twice a year
Holding all else constant, if people who are currently discouraged workers decide to start looking for jobs again, you will see: Group of answer choices a decrease the labor force participation rate. a decrease in the unemployment rate. an increase the unemployment rate. no effect on the unemployment rate. no effect on the labor force participation rate.
Answer:an increase the unemployment rate.
Explanation:Holding all else constant, if people who are currently discouraged workers decide to start looking for jobs again, you will see: an increase the unemployment rate.
If people who are discouraged and looking for job again will see An increase the unemployment rate Option(c) is correct.
What is Unemployment?In simple Words unemployment is referred to as that rate in which the people are completely unemployed they are actually not getting the job easily.
People who are looking for job to start once again will get no job and hence it would lead to the increase in the unemployment.
Therefore Option(c) is correct.
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Certificates of deposit insured by the ncua or fdic are:.
Certificates of deposit with a credit union are insured by the NCUA. Persons credit union deposits are also insured up to $250,000 by the NCUA's National Credit Union Share Insurance Fund.
What is the purpose of a certificate of deposit?A certificate of deposit is a savings account in which the issuing bank holds a certain amount of money for a set period of time in exchange for interest, such as six months, one year, or five years.
Thus, Certificates of deposit with a credit union are insured by the NCUA.
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Which item was invented in 1972 by minnesota vikings field-goal kicker fred cox? skateboard nerf football super soaker etch a sketch.
Some people say that the official unemployment rate isn't the best indicator of
actual unemployment in the economy because
Select one:
O the unemployment rate is greater than the natural unemployment rate
O the official rate doesn't include people who have given up looking for
work
O part time workers are considered unemployed
O full employment is greater than the labor force
The official unemployment rate isn't the best indicator of actual unemployment because the official rate doesn't include people who have given up looking for work.
Who is a discouraged worker?A discouraged worker is a member of the labor force who has given up on getting an employment and thus has stopped looking for work. A discouraged worker is not included as part of those who are unemployed and thus is not included in the official unemployment rate.
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When developing an advertising campaign, the company first identifies and analyzes the target audience then
Answer: defines the advertising objectives
Explanation:
Iman’s manager, using ________, required him to give up his company car because he had missed sales goals for four consecutive quarters.
The policy of Iman's manager to require him to give up his company car because of his failure to meet sales goals was punishment.
What is punishment?When a person is punished, a positive benefit is taken away from them in order to inspire them to do better.
In this case, Iman's car was taken away from him by his manager to encourage him to meet up with sales goals that he had been failing to meet.
In conclusion, this is punishment.
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Based on the following passage, what is the intended effect of President Obama’s immigration reform? (Select all that apply.)
President Obama announced in 2014 that he was going to engineer a legal route to citizenship for all undocumented workers who have not committed a felony. Those workers must pass a background inspection, pay taxes and learn English before their citizenship will be granted.(Select all that apply.)
When all people living in this country are documented, that situation will help secure our borders.
When all people living in this country are documented, that situation will help our economy.
When all people living in this country are documented, that situation will help ensure national security.
When all people living in this country are documented, that situation will drain our health care system.
The intended effect of President Obama's immigration reform includes the following:
B. When all people living in this country are documented, that situation will help our economy.
C. When all people living in this country are documented, that situation will help ensure national security.
What is the importance of immigration reforms?Immigration reforms ensure the following:
Drive business creationFuel innovation,Strengthen communitiesBolster the middle classGrow the economyKeep Americans and their families together.According to President Obama, immigration has
Created new businesses.Shaped the character of the United States.Benefited the country more than others.Thus, the intended effect of President Obama's immigration reform includes Options B and C.
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On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $97,800; Allowance for Doubtful Accounts, credit balance of $1,021. What amount should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible
The amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
What is bad debts expenses?Bad debt are debts owned to a business which cannot be recovered. Here, the customer has chosen not to pay this amount.
Computation of amount to be debited to Bad Debts Expense:
= Accounts Receivable, debit balance of $97,800 * 3% of outstanding accounts receivable at the end of the current year
= $97,800 * 3%
= $2,934
Then,
= $2,934 - $1,021
= $1,913
Hence, the amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
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If you paid $900 for a $1000 25-year bond that pays a 10% annual interest payment, the bond's yield is Multiple choice question. 11.1% 5.3% 10% 9%
The bond's yield given the amount paid for the bond, the face value and the annual interest payment is 11.1%.
What is the bond yield?A bond's yield is the interest rate that equates the cost of the bond to the cash inflows from the bond.
Bond yield can be determined using a financial calculator.
Cash flow in year 0 = -900Cash flow each year from year 1 to 25 = 10% x 1000 = 100 Cash flow in year 25 = 1000Bond yield = 11.1%
Typical capital budgeting decisions include ______ decisions. Multiple select question. cost reduction lease or buy employee hiring and firing equipment selection product and service pricing
Typical capital budgeting decisions include the decisions relating to the lease or buy, cost reduction, equipment selection, and product and service pricing.
What is capital budgeting?Capital budgeting is the process that enables an entity to know the profitability of an investment made in long-term projects. It can be determined by using various methods like NPV, payback period, accounting rate of return, etc.
Capital budgeting decisions are as follows:
A) Lease or buy includes the decision whether to acquire the new asset or lease the existing ones.
B) Cost reduction can be done by replacing the old asset.
C) Equipment selection involves which equipment has to be acquired from the provided alternatives.
D) Product and service pricing relates to the type of product or service in which an entity has to invest.
Note: Hiring and firing of employees don't relate to the profitability of any long-term capital project.
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Before sending a résumé, you should always checked with the employer to see what operating system they use. please select the best answer from the choices provided t f
Answer:
This is true.
Explanation:
Edg. 2022
Answer:
t
Explanation:
trust
The labor efficiency variance is generally the responsibility of the ______ manager. Multiple choice question. production accounting purchasing human resources
The labor efficiency variance mainly focuses on the quality of labor hour in the process of production. The labor efficiency variance is generally the responsibility of the production manager. Option A is correct.
Who is production manager?A Production Manager is a specialist who supervises the manufacturing process and coordinates all activities to ensure adequate resources are available.
To guarantee that workflow meets specified deadlines, they might arrange workers' schedules, estimate expenditures, and establish budgets.
Direct labor efficiency variance is usually the responsibility of the production department. Other factors, however, may have an impact on the variance.
Therefore, option A is correct.
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When is using a credit card to cover an emergency expense a good idea and won't cost you any interest?
Answer:
Bottom line. Depending on your personal financial situation, it can be ideal to have both credit cards and cash on hand during emergencies. A credit card can help you redeem rewards while also covering your emergency expenses, but it should only be used if you can pay the balance off in full without incurring interest.
Explanation:
When should a seller's desire for a specific replacement property factor into the pricing strategy for the seller's current home?
a. Never.
b. In a hot market that's appreciating at more than 15% per year.
c. When the replacement property is comparable to the seller's current property.
d. When the desire for the other property outweighs the seller's need to get top market dollar for the current home.
Answer:
D.When the desire for the other property outweighs the seller's need to get top market dollar for the current home
Explanation:
Every day, people work at serving people meals at restaurants all around the world. These people work for our benefit because: a. Trade-offs are everywhere. B. They benefit by doing so. C. People think on the margin. D. Institutions require them to do so
If Every day, people work at serving people meals at restaurants all around the world.These people work for our benefit because: they benefit by doing so.
Benefit of serving meals in a restaurantThe people responsible for serving meals in a restaurant are often known as server. They do this because it is the task they are assign too.
Although they work for our benefit, they as well will benefit because they are being paid for rendering service by their employer.
Therefore the servers benefit by doing so.
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If the Fed wishes to increase the money supply via open market operations, it should _____ Treasury bonds.
To increase the money supply using the open market operation strategy, the Fed should buy Treasury Bonds.
How can the Fed increase money supply?Increasing money supply would mean the Fed releasing more currency into the U.S. economy.
This can be done by buying back treasury bonds from the public because the Fed would pay for those bonds with currency which would then float into the economy.
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Why is cvp analysis more difficult when using absorption costing than when using variable costing?.
CVP analysis is more difficult because its requires costs to be broken down between variable and fixed which is not done in absorption costing.
What is a CVP analysis?This is an analysis that find out how changes in the firm's variable and fixed costs affect the firm's profit.
Hence, the analysis is difficult when using absorption costing than when using variable costing because its requires costs to be broken down between variable and fixed which is not done in absorption costing.
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You should check your credit report from each of the three main credit bureaus at least once per year by requesting copies from annualcreditreport. Com.
It is a good idea and notion to check your credit report from each of the three nationwide credit bureaus at least once a year.
What is the benefit of checking your credit report?Your credit report history is an important component of information for your entire financial well-being. Checking your credit history as it appears on your credit reports, as well as, credit score ratings may assist you in understanding your present credit situation.
It is critical to review your credit report since your credit scores history is among the elements that may influence your loan conditions, particularly interest rate, and it is critical that the content on your credit reports is true and accurate.
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If the average cost of producing ten sweaters is $6.50 and the marginal cost of producing the tenth sweater is $6.75, the average cost of producing 11 sweaters will be:
Answer:
7.15 dollars
Explanation:
Cost of one sweater=$6.50/10
=$0.65
Now,
Cost of 11 sweater = $0.65*11
=$7. 15
The average cost of producing 11 sweaters will be 7.15 dollars.
What is average cost?The cost per unit produced in a production run is called the average cost. It stands for the typical sum of money spent on a product's production. Depending on how many units are made, this amount may change.
Average cost, often known as unit cost, in economics is calculated by dividing the total cost (TC) by the quantity of a good produced (the output Q): Average cost strongly influences how businesses decide to price their goods.
Knowing the significance of average cost will also make it easier for you to comprehend how it functions over an extended length of time.
For instance, cost varies according to production effectiveness and seasonal demand. The cost per unit of output is normalized or leveled out when the average cost is calculated.
Cost of one sweater=$6.50/10 =$0.65
Now, Cost of 11 sweater = $0.65*11 =$7. 15
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Carla Vista Co. Ltd. Publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Carla Vista sells 7,800 subscriptions for cash, beginning with the December issue. Carla Vista prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end.
1. Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. ) Date Account Titles and Explanation Debit Credit Nov. E Textbook and Media List of Accounts
2. Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. ) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts
3. Prepare the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually. ) Date Account Titles and Explanation Debit Credit Mar. 31
The journal entry to record the receipt of the subscriptions for Nov is: Debit Cash $218,400; Credit Unearned subscription revenue $218,400.
Receipt of subscriptionJournal entries
Nov 2022
Debit Cash $218,400
($7800×$28)
Credit Unearned subscription revenue $218,400
(To record the receipts of subscription)
Dec 2022
Debit Unearned subscription revenue $18,200
Credit Subscription revenue $18,200
($176,400×1/12)
(To record the revenue earned)
March 2023
Debit Unearned subscription revenue $54,600
Credit Subscription revenue $54,600
($218,400×3/12)
(To record the revenue earned)
Therefore the entry to record the receipt of the subscriptions for Nov is: Debit Cash $218,400; Credit Unearned subscription revenue $218,400.
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an account that earns ___ interest will result in a higher annual percentage yield
Answer:
The annual percentage yield (APY) is paid to a depositor by a financial institution. The percentage is based on the existing amount after a certain period. If the owner of saving account choose not to take out the past interest revenue, the amount would be compounded for future years.
Answer:
The answer is C. Compound
Explanation:
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How are letters of credit different from secured transactions?
O A. A letter of credit tells a prospective seller how much you can buy.
A secured transaction provides the bank with assurance of
repayment
O B. A letter of credit is sent from the seller to the buyer and a secured
transaction means the seller must ship the product.
O C. A letter of credit is covered in Article 9 and a secured transaction
is covered in Article 5 of the UCC.
D. There is no difference because the bank benefits in both cases,
Answer:
The answer is B, Bill of Lading.
Explanation:
i did research
The range of operations that falls within the capacity of the current level of fixed costs is referred to as the:
A relevant range means the range of operations that falls within the capacity of the current level of fixed costs.
What is a relevant range?In manufacturing, this range means the specific activity level that is bounded by a minimum and maximum amount.
In other word, its is also the level of activity that a company is expected to operate within.
Hence, the relevant range is the range of operations that falls within the capacity of the current level of fixed costs.
Therefore, the Option A is correct.
Missing options "a. Relevant range b. Marginal range c. Operating range d. Linear average"
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The marginal revenue curve of a firm with market power will always lie below its demand curve because of.
The reason why firm with market power will have a marginal revenue curve that is always below its demand curve is because of the output effect and the discount effect.
What is the output and discount effect?These effects refer to the tendency of firms with market power, to offer lower prices on their goods and services to be able to sell more units of their products.
For this reason, the marginal revenue - additional revenue received - will be less than price - demand curve because the price will always drop to sell more units.
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Which of the following illustrates the most economically sound choice for brad? buying both a car and a home leasing both a car and home buying a car and leasing a home leasing a car and buying a home
Buying both a car and a home best illustrates economics sound choice of brad.
What is a brad?A brad is a device that have a slight projection that help to fasten paper or object. It is a thin, soft metal, such as shim brass, wihich has a round head and a flat, split shank, which spread wide on pages or as a cotter pin or a split rivet.
They are use to attach shoe moldings and fastened small ornamental parts on furnitures Brads are use to glue wooden parts together.
Therefore, Buying both a car and a home best illustrates economics sound choice of brad.
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Answer: Keep it simple: A
Explanation:
buying both a car and a home
The minimum selling price that should be acceptable in a special order situation is equal to total Select one: a. production cost plus a normal profit margin b. variable production cost c. variable costs and avoidable fixed costs d. production cost
Usually, the minimum selling price that should be acceptable in a special order situation is equal to total variable costs and avoidable fixed costs
What is a special order?
This is a situation that involves a one-time customer order on a large quantity and a low price.
Hence, the minimum selling price to be accepted must equal to total variable costs and avoidable fixed costs for this orders.
Therefore, the Option C is correct.
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