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2 years ago

Lloyd is considering getting a credit card and using it instead of cash. Which of these is a good reason for him to do so?

Business

1 answer:

Anni [7]2 years ago

6 0

Answer:D. It will be easier for Lloyd to make online bill payments with a credit card.

Explanation:

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Naomi is sixteen and she would like to open a savings account. Select each of the steps she will need to take.

shtirl [24]

I think its all the above except for they might be trying to trick you because at sixteen a guardian or parent has to sign aswell.

6 0

2 years ago

Simmons sold merchandise to Drake for $5,000 with payment terms of 2/10, n/30. Two days later, Drake returned two of the units a

QveST [7]

Answer:

the discount is for 60 dollars

therefore Simmons will pay 2,940 dollar for the inventory

Explanation:

From the invoice nominal we should remove the returned goods.

nominal 5,000

returns 2,000

balance: 3,000

commercial terms: 2/10 the discount is 2% if paid within 10 days

3,000 x 2% = 60 dollars

net cash disbursements: 3,000 - 60 = 2,940 dollars

3 0

2 years ago

Michael Chang buys only tennis rackets during a particular year. During the year in question, the price of all goods rises by 10

Zolol [24]

Answer:

Michael does not experience inflation because he only buys Tennis rackets

Explanation:

Inflation is defined as increases in price per unit price.

It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.

One of the direct impact of inflation is rise in price of goods and services.

As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.

6 0

2 years ago

Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days.

Anna007 [38]

Answer:

$6,400,000

Explanation:

Reduction in mailing time = 1.5 day

Reduction in clearing time = 1.5 day

Reduction in firm processing time = 1.0 day

Total = 4.0 days

Daily interest on Treasury bills = 0.025%

Average number of daily payments to lockboxes = 4,000

Average size of payment = $400

The value of the proposal will be the average number of daily payments to lockboxes multiplied by the total of 4 days which is then multiplied by the average payment size. This will be:

= 4000 × $400 × 4

= $6,400,000

7 0

2 years ago

g The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and prod

almond37 [142]

Answer:

$7.20

Explanation:

Given the following :

FINISHING department :

overhead budget = $550,000

direct labor HOURS = 500,000

PRODUCTION department :

overhead budget = $400,000

direct labor hours = 80,000

Predetermined allocation rate for finishing department :

Overhead / allocation base = ($550,000 / 500,000) = $1.10 per direct labor hour

Predetermined allocation rate for production department :

Overhead / allocation base = ($400,000 / 80,000) = $5 per direct labor hour

If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production:

Finishing department :

(2 × Predetermined allocation rate for finishing department)

= (2 × $1.10) = $2.20

Production :

(1 × Predetermined allocation rate for production department)

= (1 × $5). = $5

Total = ($2.20 + $5) = $7.20

3 0

2 years ago