A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for 10,000 and paid 750 for the freight in. The company sold the whole lot to a supermarket chain for 14,000 on account. The company uses the specific identification method of inventory costing. Which of the following entries correctly records the cost of goods sold?
A.
cost of goods sold 10,750
merchandise inventory 10,750
B.
merchandise inventory 10,750
cost of goods sold 10,750
C.
cost of goods sold 10,000
sales revenue 10,000
D.
cost of goods sold 10,000
merchandise inventory 10,000
Answers
Answer:
The correct option is A:
cost of goods sold 10,750
merchandise inventory 10,750
Explanation:
When goods are bought for resale,the total cost of the goods bought is usually the invoice price paid as well as the cost of bringing in the goods i.e freight,hence the cost of the goods sold here is the invoice price of $10,000 plus the freight of $750,giving total cost of $10,750
When the goods are sold,merchandise inventory would be credited with $10,750 while cost of goods sold is debited with same amount.
The correct option is first one with cost of goods sold debited with $10.750 and merchandise inventory credited for $10,750
Related Questions
Exposing domestic producers to __________ improves domestic __________ .
a. Efficiency, competitiveness
b. Foreign competition, efficiency
c. Foreign trade, quality
d. International markets, consumption
Answers
Exposing domestic producers to Option B. Foreign competition improves domestic efficiency.
Exposing domestic producers to foreign competition improves domestic efficiency. Domestic competition may not be enough to make domestic producers improve their efficiency. Still, when exposed to foreign competition, domestic producers become more conscious of their inefficiencies. Consequently, domestic producers are forced to produce products of higher quality at a lower cost. Due to foreign competition, domestic producers are pushed to produce products at lower prices while ensuring that they maintain quality standards.
Domestic producers try to adopt new technologies, reduce costs, and increase productivity to stay ahead of their competitors. This, in turn, improves domestic efficiency. By improving domestic efficiency, local producers gain the ability to compete in the global market. Additionally, foreign competition also helps improve the quality of local products to international standards.
Furthermore, exposure to foreign competition also has the potential to reduce the prices of goods and services in the domestic market. The improved quality of domestic products and reduced prices of goods and services lead to increased consumer consumption, which is beneficial to the domestic economy in the long run.
Know more about Domestic producers here:
https://brainly.com/question/29616657
#SPJ8
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
True or false ?
Answers
Answer:
True
Explanation:
This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.
reply if you agree that eddie kaspbrak and stanley uris shouldn’t have dxied in “it cheaper 2” (giving brainliest)
Answers
Answer:
do u mind sending the picture of the question
The principle of self-reference is based on the idea that people won't deviate from the overall mission of their organization if they have been imprinted with it. In a chaotic system, the managers job is to verbalize the guiding mission and
a. add rules
b. define the mission
c. establish boundaries
d. Sternly discipline employees
Answers
Explanation:
In a chaotic system, the managers job is to verbalize the guiding mission and establish boundaries. Hence, option C is correct.
What is a chaotic system?Chaos theory states that although chaotic complex systems seem random, they in fact contain underlying patterns, linkages, ongoing feedback loops, repetition, self-similarity, fractals, and self-organization.
The only constant is the unexpected, complicated, and chaotic character of life itself. Equilibrium can only happen when someone passes away. At the same time as creation, there is also destruction. Chaos is a result of a myriad factors, rendering any attempts to control it useless.
It produces at least three different types of chaos, including sandwich, horseshoe, and Lorenzian chaos. It is possible to have two chaotic governments of this type running concurrently and interacting with one another like links in a chain.
Stability and chaos are two distinct concepts. Chaotic attractors are stable by definition.
Thus, option C is correct.
For more information about chaotic system, click here
https://brainly.com/question/28188842
#SPJ2
6 Special accounting problem?
Answers
The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
Learn more about Utilitarianism here:
brainly.com/question/28148663
#SPJ9
At Wilson Manufacturing, evaluators are required to justify in writing extremely high or extremely low performance ratings that are given to employees. The managers completing evaluations hate these write-ups, and try to avoid writing them. Which of the following is the most likely outcome of this requirement?
a. leniency
b. central tendency error
c. halo error
d. recent behavior bias
Answers
Answer:
B. Central tendency error
Explanation:
From the question the most likely outcome of this requirement is central tendency error.
This kind of error of error happens when managers, interviewers or evaluators rate all or most of the employees or interviewees as average. It occurs when evaluators filling out a rating scale has placed most of the answers in the middle of the scale and avoid the high and low extremes.
At December 31, 2020, Burr Corporation owes $500,000 on a note payable due February 15, 2021.(a) If Burr had restructured the note on December 15, 2020, such that Burr has the contractual right to defer payment of $250,000 of the note until February 15, 2022, how much of the $500,000 should be reported as a current liability at December 31, 2020
Answers
Answer:
$250,000
Explanation:
First and foremost, initially the whole amount payable( $500,000) was to be paid in one month and 15 days counting from December 31, 2020, hence, since the amount is payable within a year, it should have been classified as the current liability.
However, the refinancing meant that $250,000 would be deferred to 2022 while the balance of $250,000 ($500,000-$250,000) is still payable on the agreed date (February 15, 2021).
As a result, $250,000 would be reported as a current liability while the balance of $250,000 is shown as non-current(long-term) liability.
Of the $500,000 Note Payable, $250,000 should be reported as a current liability by Burr Corporation, while the remaining $250,000 should be reported as a long-term liability.
Data and Calculations:
Note Payable on December 31, 2020 =$500,000
Maturity date = February 15, 2021
Restructuring date = December 15, 2020
New Maturity date after restructuring = February 15, 2022
Current liability at December 31, 2020 = $250,000 ($500,000 - $250,000)
Long-term liability = $250,000 ($500,000 - $250,000)
Thus, in the balance sheet as of December 31, 2020, Burr Corporation can report $250,000 as a current liability instead of $500,000. The remaining $250,000 is reported as a long-term liability.
Learn more: https://brainly.com/question/18359733
The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports. The maximum possible rating is 10. Suppose a simple random sample of 50 business travelers is selected and each traveler is asked to provide a rating for the Miami International Airport. The ratings obtained from the sample of 50 business travelers follow.
Answers
The population mean rating for Miami is 6.41, and that is the confidence interval estimate.
The question includes a sample of the data.
The sample size, n = 50
The sample mean:
x= ∑X /n
= 6.76
The sample standard deviation;
s= √∑(X-x)²/(n-1)
=2.55
The confidence level =0.95
The significance level , α = 0.05
The sample mean, X
= 6.76
The sample standard deviation, s = 2.55
The sample size , n= 50
Degree of freedoms :
Df = n-1
=49
Using the t-distribution table, the critical value of t is:
t critical = t α/2, df
= t 0.025,49
= 0.098
95% confidence interval :
μ = X ± t.s/√n
t.s /
= 6.76 2.01 2.55 / √50
= 6.76 0.7249
Thus, The population mean rating for Miami is 6.41.
For more information about population mean rating, click here:
https://brainly.com/question/29408611
#SPJ1
Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.
Receipts from customers $279,247
Payments for property, plant & equipment $42,310
Interest paid $4,231
Proceeds from issue shares $25,836
Payments to supplier and employees $220,013
Repayment of borrowings $53,331
GST paid $16,924
Payments for motor vehicle $37,985
Interest received $6,770
Select one:
$61,773
$44,849
$55,345
$49,080
Answers
The cash inflows from operating activities are:
Receipts from customers: $279,247
Interest received: $6,770
Total cash inflows from operating activities: $286,017
The cash outflows from operating activities are:
Payments to suppliers and employees: $220,013
GST paid: $16,924
Total cash outflows from operating activities: $236,937
Therefore, the net cash provided from operating activities is:
Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080
Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.
So the answer is D) $49,080.
1. Assume two countries (Portugal & Britain) each produce wine and cloth. Given the following details with respect to resources required to produce each good in each country, answer the following questions. b. a. What is the opportunity cost of producing each good in each country? (4 Points) Draw the Production Possibilities Frontier for each country assuming no trade and 500,000 labor hours (use wine as the x-good). (10 Points) Provide an interpretation of the slope of the PPF in this example (8 Points) If these countries engaged in international trade, in what range would the relative prices have to be to ensure mutually beneficial trade, and which good would each country specialize in? (10 Points) e. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, calculate the gains from trade and show on the PPFs the expanded consumption choices for each country. (16 Points) c. d. Country Production (1 Hour of Labor Time) Cloth Wine Portugal 2.85 Britain 3.4 5.3 4.2
Answers
a. The opportunity cost of producing wine in Portugal is 0.35 units of cloth, and the opportunity cost of producing cloth in Portugal is 2.85 units of wine.
b. The slope of the PPF represents the opportunity cost of producing one good in terms of the other. In this case, the slope of Portugal's PPF is -0.35, and the slope of Britain's PPF is -0.71.
c. If these countries engaged in international trade, the relative prices of wine and cloth would have to be within the range of Portugal's opportunity cost of producing wine (0.35 units of cloth) and Britain's opportunity cost of producing wine (0.71 units of cloth).
d. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, then Portugal would specialize in producing wine and Britain would specialize in producing cloth. Portugal would export wine and import cloth, and Britain would export cloth and import wine.
How to explain the informationIf the relative price of wine were below 0.35 units of cloth, then Portugal would be able to produce wine more cheaply than Britain, and it would not be in Portugal's interest to trade. If the relative price of wine were above 0.71 units of cloth, then Britain would be able to produce wine more cheaply than Portugal, and it would not be in Britain's interest to trade.
The gains from trade are the increase in consumption that countries experience after they specialize and trade. In this case, the gains from trade are represented by the shaded area in the graph. The gains from trade are a result of the increased efficiency that is possible when countries specialize in the production of goods that they have a comparative advantage in.
Learn more about opportunity cost on
https://brainly.com/question/1549591
#SPJ1
Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Learn more about car insurance, here:
https://brainly.com/question/30025946
#SPJ1
select all that apply , Which of the following help measure the quality of a good economic model?Multiple select question.The level of central bank involvementWhether it gives us insights that can be used in the real worldHow well it reflects realityThe level of official government involvement
Answers
The options that help measure the quality of a good economic model are:
B: "Whether it gives us insights that can be used in the real world"C: "How well it reflects reality"The quality of an economic model can be measured by its practical usefulness and accuracy in reflecting reality. A good economic model should provide insights that can be applied in the real world and accurately represent economic phenomena. The level of central bank or government involvement is not necessarily a direct indicator of the quality of an economic model.
You can learn more about economic model at
https://brainly.com/question/30364211
#SPJ4
monitor and manage the performance of the subunits and individual managers who report to them.
O Middle managers
O Team leaders
O First-line managers
O Top managers
Answers
The managers who have to monitor and manage the performance of the subunits and individual managers who report to them are A. Middle managers
What do middle managers do ?Middle managers are those managers who are responsible for overseeing the performance of lower-level managers and subunits within an organization. They are typically positioned between the senior management team and the front-line managers and employees.
Middle managers play a crucial role in the effective functioning of an organization. They are responsible for implementing the strategies and policies set by senior management.
Find out more on middle managers at https://brainly.com/question/20597839
#SPJ1
D
Question 12
A formal approach to familiarize a new staff member to its values and polices. What type of
organizational learning does this describe?
O employee mentorship
O employee orientation
O employee training
employee development
Answers
The type of organizational learning that involves a formal approach to familiarize a new staff member with the organization's values and policies is B. employee orientation.
What is organizational learning?Organizational learning involves the process of gaining experience and creating knowledge for organizational improvement.
Organizational learning enables employees to:
Share insightsBrainstorm togetherSolve problemsImprove performance.Thus, familiarizing new staff members with the organization's values and policies involves employee orientation, not employee mentorship, training, or development.
Learn more about employee orientation as part of organizational learning at https://brainly.com/question/11815347
#SPJ1
Imagine that your country takes in $100 million each year in tax money but chooses to spend $500 million on various services it provides. What type of stance does your country take on fiscal policy?
A.
expansionary stance
B.
contractionary stance
C.
economic stance
D.
neutral stance
Answers
For plato, Expansionary stance.
Expansionary stance is the type of stance does your country take on fiscal policy. Hence, option A is correct.
What is Expansionary stance?When government expenditure surpasses tax receipts, the fiscal attitude is said to be "expansionary" because this tends to increase aggregate demand. For instance, household spending will increase if income taxes are reduced by the government.
Governments engage in contractionary fiscal policy when they either cut spending or raise taxes. Its name alludes to the method by which the economy contracts. It limits the amount of money that both businesses and people can spend.
Contractionary policy is used to control inflation. Governments are said to be implementing an expansionary fiscal strategy when they lower tax rates while raising spending to promote economic growth. As a result of an increase in purchasing power, consumption increases.
Thus, option A is correct.
For more information about Expansionary stance, click here
https://brainly.com/question/26719610
#SPJ2
PLEASE HURRY
If you are paid according to a rate of $15 per hour, what is your type of payment?
a. Commission
b Salary
C Wage
d. Pension
Please select the best answer from the choices provided
A
оооо
С
Answers
Answer:
C Wage
Explanation:
Wage is compensation paid per hour worked. The term wage is most applicable to piecemeal jobs. Wage is usually paid per hour, per day, per week, or a piece of work completed.
Wage differs from salary in that salary is a fixed amount of compensation paid after the lapse of an agreed time, mostly monthly. Wage is not a fixed amount but depends on the hours worked or the amount of work done.
Answer:
C
Explanation:
i took test 80% -w- lol
Question 1: Critique the case from a leadership, internal and external communication with stakeholders, and barriers to communication point of view.
Answers
A general view from the leadership, internal and external communication with stakeholders has been provided
The leadership, internal and external communication with stakeholdersLeadership:
Efficient leadership necessitates setting a definitive vision, encouraging and motivating personnel, and making judicious decisions when required. A successful leader should succinctly verbalize the vision and objectives of the organization and guarantee that employees comprehend their positions in attaining those aims.
Internal communication with stakeholders:Interior communication with stakeholders pertains to communication within an institution with staff, superior executives, and additional internal stakeholders. Successful internal communication can facilitate aligning the visions and aspirations of the corporation and guaranteeing that everybody is progressing towards common ambitions.
External communication with stakeholders:
External communication with stakeholders alludes to communication with purchasers, vendors, financiers, and other external parties. Effective external communication can promote constructing associations with these stakeholders, embellish the standing of the establishment, and elevate customer gratification.
Barriers to communication:Certain obstructions to productive communication can affect the capability of leaders to communicate effectively with stakeholders. These impediments involve speakers barriers, cultural differences, physical detachment, and technological issues. Other hindrances consist of inadequate trust, deficient listening aptitudes, and indefinite or ephemeral messages.
Read more on barriers to communication here:https://brainly.com/question/18757530
#SPJ1
Mariah was appointed to a two-year term on Garden City’s planning board. She’s looking forward to meeting her fellow board members and working collaboratively on issues that affect their town. She’s been told that the first order of business is a revision of the document that outlines the community’s long-term needs and provides guidance on capital budgeting for those needs. What is this document called?
Answers
Mariah was appointed to the Garden City Planning Board for a two-year term. The first item of business, she's been instructed, is to revise the document that specifies the community's long-term needs and gives recommendations on capital spending for those needs. This paper is known as the Comprehensive Master Plan.
What is the purpose of a comprehensive plan?A comprehensive plan is a document created for a city, county, or specific region that sets an overarching plan and recommended activities for the area's current and future needs.
A comprehensive plan also known as a "master plan," "general plan," or "community plan" is a long-term planning document that communicates a community's overarching vision, goals, objectives, policies, and strategies for future expansion (or smart contraction), development, and preservation.
Learn more about the comprehensive plan here:
https://brainly.com/question/10586540
#SPJ1
Should government play an active role in business enterprises? Discuss with examples
Answers
Answer: produce most available goods and services
Explanation:
Lanyards that have no shock-absorbing features are used for _____. Group of answer choices climbing ladders workers under 150 pounds positioning working on scaffolds
Answers
Answer:
Positioning
Explanation:
In simple words, A positioning gadget system includes a positioning lanyard. The employee is supported by this system on a raised vertical surface, such as a wall or pole. This allows people to work while leaning without having to use their hands. The lanyard ties the individual to a place in ahead of their physique that serves as an anchor point.
Which of the following are pre-award considerations that impact post-award subcontracting compliance management?
Answers
The options that are pre-award considerations that impact post-award subcontracting compliance management are:
1)Will advance notification and consent to subcontract be required?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
Why is subcontract management important?Subcontract management, when correctly implemented, encourages uniformity in the administration of subcontracts across functions, reduces risk to the business and contract, and can boost profitability.
The process of hiring and supervising subcontractors on behalf of a customer is known as subcontractor management. General contractors are accountable for this in construction.
Respect for the standards and guidelines established in a contract is referred to as contract compliance. This frequently entails periodic inspections of an existing contract to look for deviations and assess compliance with compliance rules and standards.
Therefore, The process of making sure people and operations at all levels of the business abide by rules, regulations, and specifications is known as compliance management. Governments, industry groups, regulatory agencies, and employee unions are just a few of the many organizations that set requirements.
Learn more about compliance management from
https://brainly.com/question/8424523
#SPJ1
See full question below
Which the following are pre-award considerations that impact post-award subcontracting compliance management?) (Select three that apply)
1)Will advance notification and consent to subcontract be required?
2) Will the prime contractor be required to attend the post-award orientation conference?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
What other inspiring realizations helped Andrew Feld come up with the idea for his startup? List and rank them in order according to their impact and explain why you believe they had an impact.
Answers
The other inspiring realizations that helped Andrew Feld to come up with the idea for his startup, Fresh Patch, were as follows:
Idea: His pet gave him some idea that he could build a patch bathroom to enable his dog to ease whenever nature comes calling. When he tried it out with the dog and saw the success, he engaged his need for income to start marketing the product to others.Necessity: Since he was unemployed with a pregnant wife, he realized that he could do something with his time. This made him to try the bathroom for dogs idea that his pet needed. He needed some income to cater for his family.A Big Vision: The other realization is that the first year could be tough and will-breaking. Then, he also realized that a big vision could be realized if one works hard at it.Thus, these realizations greatly helped Andrew Feld for his startup, Fresh Patch.
Read more about inspiring ideas for business startups at https://brainly.com/question/11671311
A new coffee machine costs $50,850 and the finance office has quoted you an Annual Percentage Rate (APR) of 5.9%, compounded monthly, for 36 months. What is the Effective Annual Rate (EAR)?
Answers
Answer:
6.062189766%
Explanation:
\((1+\frac{.059}{12})^{36}=(1+i)^3\\\)
Do you think we should have to pay more or less taxes?
Who pays more taxes, the wealthy, middle-class, or those in poverty? Do they pay different types of taxes, or more taxes than others?
What are “Tax Loopholes” & who tends to benefit from them?
Answers
Paying tax is a relative thing .If government is utlizing the collected tax in proper ways and investing it in development arena,its good to pay the taxes because it ultimately will benifit us but paying more tax for government with weak development strategies and slow implementation that too with corruption its worthless of paying tax. 2. Middle class pays the hightest tax but the wealthy one pays low taxes because they wonderfully uses the tax loopholes inorder to pay less tax..Acutally paying less tax makes wealthy more wealthier but middle class who pay more tax cannot jump from middle class to high class because most of their income is deducted through tax
How would producers respond if the figure for changes in stocks were postive ?
Answers
Answer:
this is not the answer
Explanation:
Consumers and producers react differently to price changes. ... Both of these changes are called movements along the demand or supply
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
Learn more about promissory note here:https://brainly.com/question/27132271
#SPJ1
Ware Manufacturing Company produced 2,000 units of inventory in January 2018. It expects to produce an additional 14,000 units during the remaining 11 months of the year. In other words, total production for 2018 is estimated to be 16,000 units. Direct materials and direct labor costs are $64 and $52 per unit, respectively. Ware expects to incur the following manufacturing overhead costs during the 2018 accounting period:
Production supplies $ 20,000
Supervisor salary 160,000
Depreciation on equipment 75,000
Utilities 20,000
Rental fee on manufacturing facilities 45,000
Required
a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units
b. Determine the cost of the 2,000 units of product made in January Complete this question by entering your answers in the tabs below.
Required A Required B
Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units Predetermined overhead rate per unit < Required A Required B >
Answers
Answer:
Total production cost= $266,380
Explanation:
First, we need to calculate the total estimated overhead costs:
total estimated overhead costs= 20,000 + 160,000 + 75,000 + 20,000
total estimated overhead costs= $275,000
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 275,000 / 16,000
Predetermined manufacturing overhead rate= $17.19 per unit
Finally, we can calculate the total production cost of the 2,000 units made in January:
Total production cost= total unitary cost*number of units
Total production cost= (64 + 52 + 17.19) * 2,000
Total production cost= $266,380
What is likely to happen to the interest of a credit card with an introductory APR?
The interest will be revised after the first year, based on the economy.
There is a significant interest increase after the first year.
The interest will be revised after the first year, based on the borrower's repayment history
There is a slight interest decrease after the first year.
Answers
Answer:
The interest will be revised after the first year, based on the borrower's repayment history
Explanation:
also within the first month if you pay off your entire balance by the due date then you wont be charged any interest
Experian
The interest will be revised after the first year, based on the borrower's repayment history is likely to happen to the interest of a credit card with an introductory APR. Thus, option C is correct.
What is a credit card?A sort of line of credit offered by banks seems to be a credit card, which enables users to borrow money up to a pre-approved available credit. Users can use it to transact in the purchasing of goods as well as services.
You may get an intro APR for buys, current accounts, or both based on your credit card. You will pay little to no cost on the debt while the promotional rate is in effect.
After the trial period expires, you'll be paying the standard rate. You will receive no charge for the first week if you repay off your entire amount by the due date. Therefore, option C is the correct option.
Learn more about credit card, here:
https://brainly.com/question/27350251
#SPJ2
Assume you're a headhunter, and must find good employees
for your clients. Consider a pool of 100 applicants for a certain
type of job (e.g.: computer programmers). You need to fill a
number of vacancies, but despite your best HR tools, the
applicant pool still contains 30 'bad' candidates that you wish
to avoid. The reason for this is that the company that receives
a bad candidate will terminate your contract. To complicate
matters, you don't know which are the good and which are the
bad candidates, so you must pick them randomly from the
pool.
Which of the following distributions would best model the
probability of picking N good candidates in a row? Note that a
selected candidate is hired by a company and is no longer
looking for a job...
Binomial
Poisson
Hipergeometric
Uniform
Normal
Answers
The distribution that would best model the probability of picking N good candidates in a row is Binomial distribution.
What is binomial distribution?Binomial distribution is known to be a kind of a model that is often used to summarize different series of trials, or observations if each trial has the similar probability of getting one particular value.
Note that the binomial distribution is one that tells about the likelihood of observing a particular number of successful outcomes in a given series of trials.
Hence, looking at the data of the question, the distribution that would best model the probability of picking N good candidates in a row is Binomial distribution.
Learn more about Binomial distribution from
https://brainly.com/question/25096507
#SPJ1