What is the minimum amount due on the following credit card statement?
Money Credit Card Company
Credit Card Holder Account Number
Maurice James 90002002003
Closing Date
5-1-2010
Payment Due Date
5-13-2010
Previous Balance
0.00
Minimum Payment Due
New Balance
202.23
10.00
Credit Line Summary
Total Credit Limit Credit Available
$2,000.00
$1,797.77
New Activity for Maurice James
Posting date Trans. Date
Transactions
4-15-2010 4-15-2010 Store ABC
4-16-2010 4-16-2010 Gas Station
Charge
$130.23
$72.00
2010 Gyron, Inc
$1,797.77
$10
$202.23
$15
Answers
Answer: $10
Explanation: It is in the box labeled Minimum Payment Due
Answer:
$10
Explanation:
Related Questions
Leadership is best defined as ________. Group of answer choices the ability to induce the team members to focus on individual goals rather than collective goals the ability to influence a group toward the achievement of a vision or set of goals the ability to reduce the dependence of team members on each other the ability to merely project one's abilities in the lack of actual accomplishments the ability to use factors like training and experience to reduce dependence on formal leadership
Answers
Answer:
the ability to influence a group toward the achievement of a vision or set of goals
Explanation:
Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select question. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. Batch processing accumulates source documents for a period of time and then processes them all at once. An advantage of online processing is timeliness. An advantage of batch processing is the lack of updated databases for management to use when making decisions.
Answers
Answer:
✓Batch processing accumulates source documents for a period of time and then processes them all at once.
✓ Online processing enters and processes data as soon as source documents are available.
✓An advantage of online processing is timeliness.
✓ Accounting systems differ with regard to how input is entered and processed.
Explanation:
.
The data processing can be regarded as process which involves set of operations that helps in transforming data to useful information. This encompass Collection of data, sorting of data to suitable format, entry of data. In accounting this process could involve recording, as well posting/closing steps which are required in the journals and ledgers. It should be noted that data processing in accounting can be described as;
✓Batch processing accumulates source documents for a period of time and then processes them all at once.
✓ Online processing enters and processes data as soon as source documents are available.
✓An advantage of online processing is timeliness.
✓ Accounting systems differ with regard to how input is entered and processed.
Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,200 units at $280 each) $ 3,136,000 Variable costs (11,200 units at $210 each) 2,352,000 Contribution margin 784,000 Fixed costs 567,000 Pretax income $ 217,000 Exercise 18-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $156,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)
Answers
Answer:
1. $2,892,000
2. 21.58%
Explanation:
1. Calculation to determine What amount of sales (in dollars) is needed to produce this target income
First step is to calculate the Contribution margin ratio
Contribution margin ratio =$784,000 /$ 3,136,000 Contribution margin ratio= 25%
Now let calculate the Required sales using this formula
Required sales = (Fixed cost+Target income)/Contribution margin ratio
Let plug in the formula
Required sales= ($567,000 +$156,000)/0.25 =
Required sales=$723,000/0.25
Required sales=$2,892,000
Therefore the amount of sales (in dollars) needed to produce this target income will be $2,892,000
2. Calculation to determine margin of safety (in percent)
First step is to calculate the Break even sales
Break even sales = ($567,000/0.25)
Break even sales= $2,268,000
Now let calculate Margin of safety (%
Margin of safety (%) =$2,892,000- $2,268,000)/$2,892,000
Margin of safety (%)=$624,000/$2,892,000
Margin of safety (%)=0.2158
Margin of safety (%)=21.58%
Therefore margin of safety (in percent) will be 21.58%
According to the PACED decision-making tool, what is the first step in
decision making?
A. Define the problem
B. Pick criteria
C. List the alternatives
D. Evaluate the alternatives
Answers
A matrix that can be utilized in the decision-making process is the PACED Model.
We can solve issues more logically by applying the PACED processes of Problem, Alternatives, Criteria, Evaluate, and Decide. Students may be able to make decisions more rapidly using this graphic strategy.
Step 1: Define the issue
Step 2: List the alternatives
Step 3: Establish the standards
Step 4: Consider the options.
Which should be taken into account whenever making logical decisions?Instead of relying on subjectivity and intuition, rational decision-making uses objective data, logic, and analysis to help solve problems and accomplish goals. It is a methodical approach that enables you to recognize an issue, choose a course of action from a variety of options, and come up with a response.
It involves identifying the problem that has to be solved, gathering information, finding options and outcomes, assessing them, accounting for all the linkages, and coming to a decision.
For more information about strategic decisions refer to the link:
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According to the PACED decision-making tool, Defining the problem is the first step in decision-making. Therefore, option A is the correct option.
What is decision-making?
Decision-making is the art of making decisions. The decisions of human beings define their lives and also decide their future and course of life. Decision-making is a process of thinking about the issue or situation, analyzing all aspects of it, analyzing all the repercussions and consequences of the same tan then making some decision that is wise and sustainable in the long term.
From, deciding about which clothes to wear to, deciding the college or a career, all the decisions sum up and result in big realities.
The first step in making a choice, according to the PACED decision-making methodology, is to define the problem. As a result, choice A is the best one.
Learn more about the decision-making here:
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What information do you need before you can decide which type of business might be the most successful? Be sure to give your answer in at least three to four sentences.
Answers
Explanation:
Before starting a business it is necessary to know the market in will act. Thus, market studies are necessary to know who the competitors are, the potential consumption, the potential return, ie the future profit of that activity etc.15-Feb-2017
What is the exterior envelope of a structure?
Answers
Answer:
The building envelope of a usually consists of its roof, sub floor, exterior doors, windows and exterior walls.
_____ is the most common form of business ownership.
A - Sole proprietorship
B - Partnership
C - Corporation
D - Limited liability company
Answers
The answer is "Sole proprietorship"
Hope this helps! :D
Answer:
A. Sole proprietorship