Kirk has the following depreciable assets in his business: Computer equipment (5 year) purchased 7/3/2019 - Orginal cost $10,000, HY convention. Office furniture (7-year) purchased 4/2/2018 - Original cost $5,000, HY convention. Kirk elected NOT to take any sec. 179 or bonus depreciation and elected MACRS DDB on these assets when he originally placed them in service. What is Kirk's total cost recovery (depreciation) deduction for these assets in 2020.
Answers
Kirk's total cost recovery (depreciation) deduction for his computer equipment and office furniture in 2020 is $4,156.50.
To calculate Kirk's total cost recovery (depreciation) deduction for his computer equipment and office furniture in 2020, we'll use the Modified Accelerated Cost Recovery System (MACRS) with the Double Declining Balance (DDB) method and the Half-Year (HY) convention.
For the computer equipment (5-year property), in 2020, it would be in its second year of depreciation.
According to the MACRS DDB table, the depreciation rate for the second year is 32%. Since it uses the HY convention, the depreciation for 2020 will be:
$10,000 (original cost) × 32% = $3,200
For the office furniture (7-year property), in 2020, it would be in its third year of depreciation. According to the MACRS DDB table, the depreciation rate for the third year is 19.13%. Since it uses the HY convention, the depreciation for 2020 will be:
$5,000 (original cost) × 19.13% = $956.50
To find the total cost recovery (depreciation) deduction for both assets in 2020, add the depreciation amounts:
$3,200 (computer equipment) + $956.50 (office furniture) = $4,156.50
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Related Questions
The wearing away of the Earth's surface is called
Answers
Answer:
Erosion is the wearing away of the Earth's surface.
A pleasant smile, eye contact, and a firm handshake are examples of _____.
A.crafting a logical argument
B.probingdone
C.nonverbal communication
D.consultative selling
Answers
Answer:
Nonverbal Communication
Which of the following describes what is identified by a supply schedule?
a How much suppliers will profit at various prices
b How much consumers will save at various supply levels
c How much suppliers will raise prices as production varies
d How much of a product suppliers will produce at various prices
Answers
What is identified in a supply schedule is how much of a product suppliers will produce at various prices (option D).
What is a supply schedule?A supply schedule is a table that shows the price and quantity supplied of suppliers. It shows the total number of goods that would be supplied at various prices.
There is a positive relationship between price and the quantity supplied. This is because as price increases, there would be an increase in the quantity supplied. When price declines, there would be a decrease in the quantity supplied. This explains why the supply curve is positively sloped.
The supply schedule can be an individual schedule or a market schedule. When its an individual schedule, it contains information on only one supplier. If it is a market schedule, it aggregates the information of all the suppliers in the market.
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Describe Gene Regulation in terms of how a car factory might control the production of various car models. Include information about the checkpoints in the process and how they dictate the outcome. Explain why having these checkpoints is important for the regulation process.
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Gene regulation refers to the processes that control the expression of genes. In terms of a car factory, gene regulation can be compared to how the production of different car models is controlled through checkpoints and other mechanisms.
Checkpoints in gene regulation act like quality control checkpoints in a car factory. Just like how a car factory checks the quality of each car at different stages of production to ensure that each car meets the desired specifications, cells also have checkpoints in place to ensure that gene expression is accurate and regulated.
These checkpoints occur at various stages in the process of gene expression, including transcription, RNA processing, and translation. During transcription, the DNA is transcribed into RNA, and this process is controlled by transcription factors. These factors act like foremen in a car factory, dictating the production of different car models.
RNA processing involves the editing of RNA molecules, which are then transported from the nucleus to the cytoplasm, where they are translated into proteins. The checkpoints in this process ensure that only correctly edited RNA molecules are transported to the cytoplasm for translation.
Translation involves the conversion of RNA molecules into proteins. The checkpoints in this process ensure that only correctly translated proteins are produced, and that the proteins are produced in the correct quantities.
Gene regulation is essential because it ensures that genes are expressed in the correct cells and at the correct time, and that the resulting proteins are produced in the correct amounts. This regulation is necessary because errors in gene expression can lead to a wide range of diseases and disorders.
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_____________’s mastery of elemental form can be seen in the iconic and widely imitated trademarks produced by his firm. He believed a trademark must be readily understood yet possess elements of metaphor and ambiguity that will attract the viewer again and again. Many of his trademarks became important cultural icons. Within two years after he redesigned the Bell Telephone System bell trademark, public recognition of the symbol rose from 71 to more than 90 percent. After the AT&T long-distance telephone network was split from the local Bell system telephone companies in 1984, he designed a new mark to reposition the firm as "a global communications company" rather than "the national telephone system." This concept was expressed through a computer graphics animation with information bits circling a globe, which became the identification tag for AT&T television commercials.
Answers
Answer:
Saul Bass
Explanation:
Saul Bass was a famous American Oscar-winning filmmaker and graphic designer, popularly known for his works in the design of corporate logos, movie posters and motion-picture title sequences. He was born on the 8th of May, 1920 in New York, United States of America and he died on the 25th of April, 1996 in California, USA.
Saul Bass's mastery of elemental form can be seen in the iconic and widely imitated trademarks produced by his firm. He believed a trademark must be readily understood yet possess elements of metaphor and ambiguity that will attract the viewer again and again. Many of his trademarks became important cultural icons. Within two years after he redesigned the Bell Telephone System bell trademark, public recognition of the symbol rose from 71 to more than 90 percent. After the AT&T long-distance telephone network was split from the local Bell system telephone companies in 1984, he designed a new mark to reposition the firm as "a global communications company" rather than "the national telephone system." This concept was expressed through a computer graphics animation with information bits circling a globe, which became the identification tag for AT&T television commercials.
what would have been the income before income tax if the percentage of sales represented by cost of goods sold had remained at 56% in 20x2? (assume that all other percentages of sales in 20x2 had also remained constant as percentages from 20x1.)
Answers
The income before income tax, if the percentage of sales represented by the cost of goods sold had remained at 56% in 20x2, is $248,400.
An income tax is a tax imposed on individuals or entities in admire of the profits or income earned by using them. earnings tax generally is computed because the product of a tax fee instances the taxable income. Taxation rates may additionally range via the kind or characteristics of the taxpayer and the type of profits.
Income taxis a direct tax that a government levies on the profits of its citizens. The income Tax Act, 1961, mandates that the relevant authorities collect this tax. The government can exchange the income slabs and tax quotes each year in its Union price range. earnings do now not simplest imply money earned in the form of revenue.
⇒ 56% x $885,000 = $495,600 cost of goods sold in 20X2.
$74,400 lower than it was in 20X1.
If we add the $74,400 to the income before taxes the result would be $248,400.
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When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened.
Answers
There different ways to handle stocks. When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened. is a true statement.
Stock is often described as the ownership of the stockholders in a specific company. An individual or a company can holds shares. They are called shareholders of the company and holds voting rights in important matters.
The ownership of the stockholders will rise when the stock is issued as a part of the business strategy.
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9. Suppose the principal of a public school re-
quired all students to recite a prayer at the start
of each school day. What level of government
(federal, state, or local) would most likely deter-
mine whether or not the principal's action was
constitutional?
Answers
Answer: Federal government
Explanation:
Based on the scenario in the question, the federal government would most likely determine whether or not the principal's action was constitutional.
This is a national issue and shouldn't be left in the hands of the local or state government. It should be noted that in 1962, school sponsored prayer in the public schools was banned by the United States Supreme Court, on the basis that the First Amendment was being violated.
The court later ruled that students can meet and then pray on their respective school grounds so far it's done privately and no one is forced.
Hence, the federal government would most likely determine whether or not the principal's action was constitutional.
what is the value of studying the humanities in a business or technical curriculum?
Answers
The value of studying the humanities in a business or technical curriculum lies in developing a more well-rounded and holistic understanding of the world.
While technical skills are crucial for success in a specific field, humanities courses can provide insights into ethics, social responsibility, and cultural context, which are important considerations in making informed decisions in a globalized economy.
Humanities courses can also help students develop critical thinking and communication skills, which are essential for effective collaboration and leadership in any field.
Moreover, studying the humanities can encourage creativity and innovation, which are increasingly in demand in today's rapidly changing economy.
In short, incorporating humanities courses in a business or technical curriculum can enhance students' abilities to think broadly, critically, and creatively about the complex challenges facing society and the economy.
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Before the teams switch sides in a deciding set, Libero replacements made by the team on the left are marked on both sides of the sheet.
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The given statement ''Before the teams switch sides in a deciding set, Libero replacements made by the team on the left is marked on both sides of the sheet'' is false as Libero replacements are only marked on the side of the sheet where the libero enters the game.
In indoor volleyball, a libero (LEE'-beh-ro) is a back-row defensive specialist. Because they only play in the back row, they are often shorter than the front-row blockers and hitters but have excellent ball-control skills.
Only players in the back row may be replaced by the libero. Regular substitutions do not include substitutions involving the libero. There can be an unlimited number of libero replacements, but there must be a rally (which can include a play over) between two libero replacements.
This is because the libero can only enter the game for one player, and can only play in one position. Therefore, there is no need to mark libero replacements on both sides of the sheet.
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Complete question.
Before the teams switch sides in a deciding set, Libero replacements made by the team on the left are marked on both sides of the sheet. True or false.
lollllaoqlqlwlwkwjebsnan
Answers
The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.
Using Conservation of Angular Momentum we can find the new rotation of the earth.
L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.
5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega
-> solve for omega = 7.292115899502489e-05
This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.
PLEASE HELP AND EXPLAIN, ITS (SELECT ALL THAT APPLY) ILL UPVOTE IF CORRECT Improvement in financial systems Change in political climate,such as the fall of communist regimes Improvement in communications&transportation Increased consumer pressure.Which forces drive globalization? Select all that apply.▢ Improvment in financial system.▢ Change in politicial climate, such as the fall of communist regimes.▢ Improvment in communication & transportation.▢ Increased consumer pressure.
Answers
The forces driving globalization include the improvement in financial systems, the change in political climate (such as the fall of communist regimes), the improvement in communication and transportation, and increased consumer pressure.
Globalization is propelled by various factors that foster economic integration and interconnectedness. The improvement in financial systems facilitates cross-border transactions and capital flows. The change in political climate, particularly the fall of communist regimes, leads to reduced trade barriers and increased international trade. The advancement in communication and transportation technologies enables the exchange of information and the movement of goods and services across borders.
Additionally, increased consumer pressure drives globalization as businesses expand globally to meet diverse consumer demands. These forces collectively contribute to the process of globalization, shaping the global economy and fostering interdependence among nations.
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Investment 2 Study questions Practice Questions: 1. On January 1, Stacy's portfolio was valued at $96,534. During the year Stacy received $3,285 in interest and $4,100 in dividends. She also sold one stock at a gain of $850. The value of the portfolio on December 31 of the same year was $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period return for the year? (refer slides for the formula) Sol: 25. 8% 2. Six months ago, Suzanne purchased a stock for $28 a share. Today she sold the stock at a price of $32 a share. During the time she owned the stock, she received a total of $1. 30 in dividends per share. What is her holding period return? Sol: 18. 9% 3. On January 1, Tim's portfolio was valued at $432,098. During the year Tim received $10,563 in interest and $15,060 in dividends. He also sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any more funds nor withdraw any funds during the year. On December 31 of the same year, Tim's portfolio was valued at $398,189. What is the holding period return for the year? Sol: -1. 9%
Answers
The holding period return for Stacy's portfolio for the year is 25.8%. The holding period return for Suzanne's stock is 18.9%.Tim's holding period return for the year is -4.67%, indicating a negative return.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
In Stacy's case, the beginning value of her portfolio on January 1 was $96,534, and the ending value on December 31 was $113,201. She received $3,285 in interest, $4,100 in dividends, and had a gain of $850 from selling a stock. She also withdrew $5,000 at the end of June.
Holding Period Return = [($113,201 - $96,534 + $3,285 + $4,100 + $850) - $5,000] / $96,534
= ($24,902 + $4,100 + $850 - $5,000) / $96,534
= $24,852 / $96,534
= 0.257 or 25.8%
Therefore, the holding period return for Stacy's portfolio for the year is 25.8%.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends] / Beginning Value
In Suzanne's case, the beginning value of the stock was $28 per share, and the ending value was $32 per share. She received $1.30 in dividends per share.
Holding Period Return = [($32 - $28) + $1.30] / $28
= ($4 + $1.30) / $28
= $5.30 / $28
= 0.189 or 18.9%
Therefore, Suzanne's holding period return for the stock is 18.9%.
In the case of Tim's portfolio, the holding period return for the year is -1.9%.
Tim's portfolio had an initial value of $432,098 on January 1 and a value of $398,189 on December 31. He received $10,563 in interest and $15,060 in dividends. However, he sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any additional funds or make any withdrawals during the year.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
= [($398,189 - $432,098) + $10,563 + $15,060 + (-$12,870)] / $432,098
= (-$33,909 + $10,563 + $15,060 - $12,870) / $432,098
= -$20,156 / $432,098
= -0.0467 or -4.67%
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*if the real interest rate in the loanable funds market increases, what will happen to the net inflow of foreign capital? explain.
Answers
An increase in the real interest rate attracts foreign investors, leading to a higher net inflow of foreign capital into the domestic economy.
How does an increase in the real interest rate in the loanable funds market impact the net inflow of foreign capital?If the real interest rate in the loanable funds market increases, it will lead to changes in the net inflow of foreign capital. When the real interest rate rises, it creates a more attractive investment environment for lenders and investors within the domestic economy.
This increased return on investment makes domestic assets more appealing, leading to an increase in demand for domestic financial assets. As a result, there is an inflow of foreign capital into the domestic market.
The net inflow of foreign capital is expected to increase under these circumstances because higher interest rates incentivize foreign investors to invest their capital in the domestic economy, seeking higher returns.
This capital inflow can help finance domestic investment projects, stimulate economic growth, and contribute to an expansion of the loanable funds market.
However, it's important to note that the net inflow of foreign capital also depends on various factors such as exchange rates, economic stability, government policies, and investor sentiment.
Changes in any of these factors can influence the attractiveness of a particular economy to foreign investors and affect the net inflow of foreign capital.
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The fixed costs of doing business include
Answers
Answer:
Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.
Explanation:
Dixon Company produced 6,500 units of product that required 2.0 standard hours per unit. The standard fixed overhead cost per unit is $0.50 per hour at 17,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.
Answers
The fixed factory overhead volume variance measures the difference between the budgeted fixed overhead cost and the actual fixed overhead cost incurred due to the difference in the level of activity from the budgeted level.
To calculate the fixed factory overhead volume variance, we need to determine the budgeted fixed overhead cost and the actual fixed overhead cost incurred.
Budgeted Fixed Overhead Cost = Budgeted Fixed Overhead Rate × Budgeted Hours
Budgeted Fixed Overhead Rate = Standard Fixed Overhead Cost per Unit × Standard Hours per Unit
Budgeted Fixed Overhead Rate = $0.50 per hour × 2.0 hours per unit = $1.00 per unit
Budgeted Fixed Overhead Cost = $1.00 per unit × 6,500 units = $6,500
Actual Fixed Overhead Cost = Actual Fixed Overhead Rate × Actual Hours
Actual Fixed Overhead Rate = Standard Fixed Overhead Cost per Unit × Actual Hours per Unit
Actual Fixed Overhead Rate = $0.50 per hour × 2.0 hours per unit = $1.00 per unit
Actual Hours = Normal Capacity Hours × Actual Output / Normal Output
Actual Hours = 17,000 hours × 6,500 units / 7,000 units = 15,850 hours
Actual Fixed Overhead Cost = $1.00 per unit × 15,850 hours = $15,850
Fixed Factory Overhead Volume Variance = Budgeted Fixed Overhead Cost - Actual Fixed Overhead Cost
Fixed Factory Overhead Volume Variance = $6,500 - $15,850
Fixed Factory Overhead Volume Variance = -$9,350
Therefore, the fixed factory overhead volume variance for Dixon Company is -$9,350. This indicates that the actual fixed overhead cost incurred is higher than the budgeted fixed overhead cost due to the difference in the level of activity from the budgeted level. A negative variance suggests unfavourable performance.
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Most new jobs in the United States will be in the _____.
Answers
Answer:
Service-producing industries :)
Explanation:
In your own words, explain what actuarial value is
Answers
Answer: What id say an actuarial value is, something you pay for in advanced, like if you buy a game from game stop, and you have to wait for it to actually come out, and they put it on hold for you and stuff, I think that is what actuarial value is, to be honest i have heard of it but never learned it 100% i hope this is correct and hope it helped, have a wonderful day!
Explanation: brailiest please <3
Why might it be disadvantageous to receive a large refund instead of a smaller one?.
Answers
It will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.
What is a large tax refund?A large tax refund is received because a taxpayer had more tax withheld from his/her paychecks all year than was necessary to cover what you owe.
What is a small tax refund?A small tax refund usually occur because the taxpayer have overpaid only by a little amount.
In conclusion, it will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.
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why might alexandria choose a local movie theater when she could see the same movies for less at a corporate establishment
Answers
It can be inferred that Alexandria may exhibit the above traits because of her philosophy of always helping local businesses. This may come from the understanding that local businesses support and create more employment.
Why is employment important?Employment is critical because it ensures that aggregate demand is constantly growing.
Without aggregate demand, there won't be supply and the economy collapses.
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A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Answers
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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In schools math, english, science and social studies departments operate separately. Student test scores in each area are gathered to evaluate the effectiveness of the school. What level of interdependence does this represent?.
Answers
In schools math, english, science and social studies departments operate separately. Student test scores in each area are gathered to evaluate the effectiveness of the school. This represents the pooled level of interdependence.
Pooled level of interdependence is the most transparent form of interdependence.
While each business entity completes tasks that are independent of one another, they all contribute to the overall goal.
If one suffer from the lack, the whole project or goal may fail.
A task condition in which the task is divided among several individuals, units, or groups, each of whom performs independently, with no flow of work between them and little to no contact or coordination required.
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The purpose of concept-mapping is to
a.
Identify sequence
c.
Identify relationships
b.
Identify vocabulary
d.
Identify questions
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
D
Explanation:
Identify questions
Answer: The Answer Is (A)
Explanation: I'm Almost Sure Of This. I Could Be Wrong, And If I Am Wrong, Please Don't Hate Me.
can someone help me i have no how to do this is tyyyy!!
Answers
Answer:
im bad at math sry
Explanation:
i have an f in math lolll
HR at Boeing uses all the following approaches to create and maintain a desirable culture except:_____.
a) bringing capabilities to leaders and teams to help them work effectively.
b) using strategies based on standardization rather than personalization.
c) bringing in new talent to help employees work differently.
d) considering whether to remove layers in the company organizational structure.
e) ensuring awareness of issues regarding their culture.
Answers
The HR at Boeing uses all the following given approaches to create and maintain a desirable culture except ensuring awareness of issues regarding their culture. Hence option (e) is the answer.
What culture means in business?Business culture is the way you conduct yourself at work. Strong, supportive cultures that encourage employee engagement and productivity as well as better decision-making, improved well-being, and higher staff retention is all benefits. Developing and implementing diversity guidelines and policies is an important step in ensuring your employees' cultural awareness.
By setting rules about what is acceptable and ethical behavior in the workplace, you can provide clarity on how employees with different backgrounds should interact with each other. Review local laws regarding workplace discrimination regarding cultural differences and incorporate these provisions into your company policy. Make sure everyone from management to frontline staff knows what discrimination is.
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Toby is the commissioner of environmental matters for State X, the state with the cleanest air in the nation. U.S. Pollution Company wants to move into State X. Unfortunately, State X has had a severe economic downturn. Many of the citizens are ready to trade some environmental cleanliness for jobs. Toby is on the hot seat. The governor and others say that State X has done well and has always beaten all other states in meeting national ambient air quality standards. In fact, State X is so far in compliance that Pollution Company could operate for many years before there was a problem. What would you suggest to Toby regarding compliance with the Clean Air Act?
Answers
Answer:
- Toby should not disregard the Clean Air Act because it requires that air quality in those areas that meet the national ambient air quality standards not be allowed to deteriorate.
Explanation:
As per the given details, Toby should be suggested not to disregard the Clean Air Act as 'it needs that air quality in the areas meeting the national ambient air quality standards not be allowed to deteriorate.' Thus, Toby must take his decision regarding the movement of 'U.S. POllution Company' to state X accordingly as he can not let the quality of air that state X has managed for years to deteriorate and go against the compliance he has towards the 'Clean Air Act.' Some other options can be used to cope with the economic slowdown faced by the people of this state.
1. What is the annual percentage rate (APR) for this credit card?
2. For cash advances what is the APR?
3. What three things would move the APR for the balance on this credit card to 28.99%?
4. What is the annual fee that customers are charged for holding this credit card?
5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?
a. What would be the APR charged for the transferred balance?
6. What is the fee for a cash advance?
7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?
8. If you are late on making a payment, what would be the fee charged?
9. What would be the fee charged if you went over your credit limit?
Answers
Answer:
1. For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%
2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance, the amount charged at 17.99% would be 0.1799 x 200 =$35.98.
3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.
4. The annual fee charged for the credit card is $20.
5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.
a. The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.
6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.
7. 2% of the amount charged (in US dollars) in a transaction.
8. A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.
9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%
Explanation: explanations are with the answers listed above.
A card issued by a bank that allows users to finance
a purchase.
Credit card
Debit card
Answers
Answer: Credit Card
Explanation:
Debit cards allow you to spend money by drawing on funds you’ve deposited at the bank.
Credit cards allow you to borrow money from the card issuer up to a certain limit in order to buy items or withdraw cash.
I hope this helps!
craig, a marketing manager at helizone inc., rarely takes initiative or suggests new ideas during project meetings. he does his work half-heartedly and needs to be guided by his manager on a regular basis. according to robert kelley's basic styles of followership, craig most likely is a(n)
Answers
According to Robert Kelley's basic styles of followership, Carig most likely is a passive follower.
Robert Kelley categorized fellowship style into five styles. Based on Robers Kelley's basic styles of fellowship these are five styles of fellowship:Exemplary: they are independent, innovative, and willing to stand up to superiors. Conformists: they are very active in doing their organization's work they used to be called "yes people". Passive; they rarely take initiative or suggest new ideas during a project meeting. Alienated: They are highly independent critical thinkers but low in engagement. Pragmatic: they are rarely committed to their group's work goals.
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a contra-account: group of answer choices increases the original value of the account to which it relates. always appears in the same column of the trial balance as the account to which it relates. offsets, or reduces, another account. reduce the asset to its fair value.
Answers
A contra-account reduces, or offsets, another account. This statement is true regarding a contra-account.
What is a contra-account?A contra-account is an account that decreases or offsets the balance of another account. It can be considered as a negative account since its balance is in the opposite direction of the account it offsets. It is utilized to improve the presentation of a company's financial statements. It is utilized to indicate the net balance of an account after accounting for any balance offsets or reductions.
A contra-account is recorded in the same column of a company's financial statements as the account it offsets. Contra-accounts can be divided into two types: asset accounts and liability accounts. Contra-accounts for asset accounts are frequently utilized to indicate depreciation or the reduction in value of the asset.
This contra-account is known as an Accumulated Depreciation account. Contra-accounts for liability accounts, on the other hand, are frequently used to indicate a discount or the decrease in value of the account. This contra-account is known as a Discount on Bonds Payable account.
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