The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 or also known as the Credit CARD Act was passed on May 22, 2009. This act will make it easier for the consumers to settle their credit card liability balances. This is made as an answer to the increasing number of consumer debt.
A. Fit
B. Unique Activities
C. Positioning
D. Trade-off
E. Operational effectiveness
It was an example of Positioning.
Answer: Option C.
<u>Explanation:</u>
A positioning strategy is the point at which an organization picks a couple of significant key territories to focus on and exceeds expectations in those regions.
A compelling positioning procedure thinks about the qualities and shortcomings of the association, the requirements of the clients and showcase and the situation of contenders. This helps to increase the effectiveness of the company.
$5,040 since Irene earned nearly earned about $4,800 less than what she would be making if she did not make her early withdrawal.
Answer:
No, he cannot
Explanation:
Under an insurance contract, the insured agrees to pay small amount regularly, known as insurance premium so as to avoid bearing unexpected, unforeseen huge amount of liability which may arise in the future. Such a loss is borne by the insurer i.e the insurance company.
In the given case, Ronald refused to purchase dental insurance initially and preferred repayment of his student loan. Since he did not hold any insurance at the time of accident/injury, he cannot enroll later for an event that has already occurred i.e the injury.
An insurance contract will now safeguard him against expenses on future accidents/ injuries but will not compensate him for the accident that has already occurred when he held no insurance.
Answer:
Lester Company
The accumulated depreciation amounts for buildings $35,000 and for equipment $60,000 were obtained as the differences between the costs and the book values of the assets. The cost of a long-term asset is usually reduced to its book value by the total amount in the accumulated depreciation account. The accumulated depreciation account shows the progressive amounts set aside annually as a write-off of the asset, showing its use over the period in accordance with the accrual concept and matching principle. The accrual concept and matching principle require cost to be matched to the revenue it helps to generate.
Explanation:
Transferred Assets:
Cost Book Value Difference Explanation
Cash $40,000 $40,000 $0
Accounts Receivable 75,000 68,000 $7,000 (doubtful accounts)
Inventory 50,000 50,000 $0
Land 35,000 35,000 $0
Buildings 160,000 125,000 $35,000 (depreciation)
Equipment 240,000 180,000 $60,000 (depreciation)
