kansas enterprises purchased equipment for $73,500 on january 1, 2024. the equipment is expected to have a ten-year service life, with a residual value of $6,450 at the end of ten years. using the double-declining balance method, depreciation expense for 2024 would be: (do not round your intermediate calculations)
Answers
Kansas enterprises purchased equipment for $73,500 on january 1, 2024 Using the double-declining balance method, The depreciation expense for 2024 would be $14,700.
The given information about kansas enterprises purchased equipment is as follows:
Purchased equipment for $73,500 on January 1, 2024.
Expected service life is ten years.
Residual value is $6,450 at the end of ten years.
Method used is double-declining balance method.
The double-declining balance method formula for depreciation is shown below:
Depreciation expense = (1 / service life) × 2 × (book value at the beginning of the year)
Where , Book value = (cost − accumulated depreciation)
In order to calculate depreciation expense for 2024, we need to calculate accumulated depreciation at the end of 2024.
First, we calculate the annual depreciation rate as follows:
Annual depreciation rate = 2 / service life
= 2 / 10
= 0.2
Now, we calculate the depreciation expense for 2024 using the formula.
Depreciation expense = (1 / service life) × 2 × (book value at the beginning of the year)
= (1 / 10) × 2 × ($73,500)
= $14,700
Accumulated depreciation at the end of 2024 = Depreciation expense × number of years
= $14,700 × 1
= $14,700
Therefore, the depreciation expense for 2024 would be $14,700.
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Related Questions
I will mark as brainliest! PLEASE HELP ASAP!¹
Net value is:
a. the total value of the portfolio
b. a share price of the mutual fund
c. the total value of bonds in the portfolio
d. none of the above
¹if applicable and appropriate
Answers
Answer:
b
Explanation:
The correct answer would be a share price of the mutual fund.
The Net Asset Value (NAV) is defined as the total assets less the total liability of a mutual fund or an exchange-traded fund. Mathematically, it is represented as:
NAV = asset's value - liability's value
The net asset value, when it concerns the mutual fund is represented on a per-share basis and is used to determine the value of assets held by investors.
Hence, the net asset value can be viewed as a share price of the mutual fund.
Correct option: b
Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answers
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by:______
Answers
Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by more because it is more likely to be a luxury.
What is recession?A recession can be described as the widespread, as well as the prolonged downturn that a country could be experiencing in her economic activity.
It should be noted that this can be recorded when there is consecutive quarters of declination in the in gross domestic product that can be attributed to a particular country.
In conclusion Recessions do bring about the declines in economic output, as well as employment, hence in the Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by more because it is more likely to be a luxury since the price of goods as well as services is high at that time and everything becomes costly.
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CHECK THE COMPLETE QUESTION:
Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by because it is more likely to be a ▼ less more
▼ .Luxury necessity
PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.
Answers
Answer:
Buy ads and get social media
Explanation:
Wetlands offer a diversity of benefits. They provide a habitat for wildlife, spawning grounds for U.S. commercial fish, and renewable timber resources. In the last 200 years, the United States has lost more than half its wetlands. Environmental Almanac gives the percentage of wetlands lost in each state in the last 200 years. For the 30 of the lower 48 states, the percentage loss of wetlands per state is as follows. 42 89 38 27 60 67 73 9 27 38 59 50 87 54 48 20 33 85 52 90 50 50 52 35 46 35 35 46 37 46 Make a stem-and-leaf display of these data. (Use the tens digit as the stem and the ones digit as the leaf. Enter NONE in any unused answer blanks.) Percent of Wetlands Lost COVOU AWN NONE 377 3555788 22666 000 26 99 07 >XXXXX 5 77 How are the percentages distributed? Is the distribution skewed? Are there any gaps? (Select all that apply.) These data are strongly skewed left. The percentages are concentrated from 20% to 60%. These data are fairly symmetric, perhaps slightly skewed right. There is a gap showing that none of the lower 48 states has lost from 60% to 69% of its wetlands. There are no gaps in the data. There is a gap showing that none of the lower 48 states has lost from 10% to 19% of its wetlands. The percentages are concentrated from 60% to 90%.
Answers
The distribution is slightly right skewed, with more numbers clustered around the lower percentages and a few outliers with the higher percentages. There are no gaps in the distribution.
What does a right skewed distribution indicate?A right-skewed distribution indicates that most of the data is located at the left side of the distribution, with values gradually decreasing as they move to the right side. This type of distribution is also referred to as a positively skewed distribution because the tail of the graph extends to the right. Right-skewed distributions are common when analyzing variables such as income, or other economic data, where a majority of the population earns a lower wage and a small percentage makes a much higher wage. Right-skewed distributions can also be seen in the analysis of test scores, where the majority of the population will have a lower score and a few will have a very high score.To learn more about skewed distribution refer :
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which of the following is true of limited liability companies? a. a written operating agreement governing all of the relations between members is required in all states. b. in most states, llcs must file annual reports with the state. c. the contribution of a member to a limited liability company must be cash or property.
Answers
The correct answer is A. A written operating agreement governing all of the relations between members is required in all states. Limited liability companies (LLCs) are business entities designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
All states require LLCs to file certain organizational documents in order to establish their legal existence. In most states, LLCs must also file annual reports with the state.
A written operating agreement is the most important document for an LLC, as it governs all of the relations between the members. This agreement outlines the capital contributions made by each member, the distribution of profits and losses, voting rights, and the procedures for dissolving the LLC. It also includes other important details, such as how decisions will be made, how meetings are held, and how to add new members. Although some states do not require an operating agreement to be in writing, it is always a good idea to have one in place. Without a written agreement, it is difficult to determine the rights and obligations of the members and to enforce any of the provisions.
In addition, the contribution of a member to a limited liability company must usually be cash or property, although some states do allow for other forms of contribution such as services or intellectual property. Contributions of cash or property are typically valued based on market values or fair values of the contribution, and the total capital contribution of all members must be equal to the total capital contribution of the LLC.
The correct answer is A.
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In which period of industrial revolution industries experienced the need of selling function
Answers
Answer:
Industrial revolution industries experienced the need of selling function is explained below in details.
Explanation:
The Industrial Revolution converted economics that had been based on cultivation and craftsmanship into markets based on large-scale manufacturing, mechanized production, and industry arrangement. New instruments, new energy sources, and new forms of creating a product made present industries more fruitful and effective.
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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approximately 10% of an individual's credit score is determined by their payment history. a. true b. false
Answers
b. False. Approximately 35% of an individual's credit score is determined by their payment history, not 10%.
Payment history is a critical factor in assessing creditworthiness and is given significant weight in credit scoring models.
Lenders and credit bureaus evaluate how consistently individuals have made their payments on time, if they have any late payments or delinquencies, and if they have any accounts in collections or public records such as bankruptcies or judgments.
The remaining factors that make up an individual's credit score include the amounts owed (30%), length of credit history (15%), credit mix (10%), and new credit inquiries (10%). These factors collectively provide a comprehensive assessment of an individual's creditworthiness and help lenders gauge the risk associated with extending credit.
It is important for individuals to maintain a positive payment history by making timely payments on all their credit accounts to have a favorable impact on their credit scores.
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In terms of SUPPLY, what factors have contributed to the fall in oil prices?
Answers
which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?
Answers
make-to-stock type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.
A concept known as "lean manufacturing" aims to increase productivity while eliminating waste in industrial systems. Anything that buyers do not think adds value to and are not prepared to pay for is considered waste. Lean manufacturing has many advantages, some of which include shorter lead times, lower operational expenses, and better product quality.
Organizations from a variety of industries can enable the practice of lean manufacturing, commonly referred to as lean production or lean. Toyota, Intel, John Deere, Nike, and other well-known corporations all employ lean techniques. The strategy is still employed by numerous other businesses and is based on the Toyota Production System. A lean production system might be advantageous for businesses that use enterprise resource planning (ERP).
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5) A small entrepreneur produces and sells hand-made decorative masks based on their orders which are given on the table. Currently, there are 2 masks on hand because of returned orders. At the beginning of each week, the staff must determine the weekly production amount. During a week in which any units are produced, a setup cost of $10 incurred. In addition, there is a variable cost of $30 in first and second weeks, and $35 in third and fourth weeks for each mask. At the end of each week, a holding cost of $2 per unit on hand is incurred. Capacity limitations allow a maximum of 25 units to be produced during each week and a maximum of 5 units as stock. They would like to determine a production schedule that will meet all demands with minimum total cost. Solve the given inventory problem by using dynamic programming.
Answers
The small entrepreneur is facing an inventory problem with hand-made decorative masks. The objective is to determine a production schedule that meets all demands while minimizing total cost.
To solve the inventory problem using dynamic programming, the entrepreneur can follow these steps:
Define the state variables: The state variables can include the week number, the number of masks on hand, and the production amount for the current week.
Formulate the recursive equation: The entrepreneur needs to determine the optimal production amount for each week based on the previous week's production amount and the current demand.
Construct a dynamic programming table: Create a table to store the optimal production amounts and corresponding costs for each week and number of masks on hand.
Populate the table: Start populating the table by calculating the costs for each possible production amount and number of masks on hand for each week, based on the recursive equation.
Find the optimal production schedule: Once the table is populated, trace back the optimal path from the final week to the first week to determine the production amounts for each week that minimize the total cost.
Analyze the results: Evaluate the total cost and production schedule obtained from the dynamic programming approach to ensure all demands are met while minimizing costs.
By applying dynamic programming to the given inventory problem, the entrepreneur can determine the optimal production schedule that meets all demands with the minimum total cost.
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Sheridan Company took a physical inventory on December 31 and determined that goods costing $225,000 were on hand. Not included in the physical count were $24,200 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,200 of goods sold to Alvarez Company for $29,200, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end.
Answers
Answer:
$270,400
Explanation:
FOB shipping point: (transfer of risk and reward takes place when the goods are shipped for transfer.
The purchased inventory that was not included are under FOB shipping point, which means that the risks and rewards associated with the inventory has been transferred at the year end. Hence the ownership has been shifted. This means the purchase must be included in the inventory.
FOB destination: The transfer of ownership takes place once the other party receives the order.
As the sold inventory are under FOB destination, which means that the risks and rewards assoiciated with the inventory are not yet transferred. Hence the ownership has not been shifted. This means the sold inventory must be included in the inventory.
Calculation:
Goods on Hand $225,000
Goods Purchased FOB Shipping Point $24,200
Goods Sold on FOB Destination $21,200
Goods on Hand on December 31 $270,400
outline 4 reasons why most developing countries rely on extractive levels of production
Answers
Explanation:
The World Bank helps developing countries manage their natural resource wealth responsibly and sustainably, in a way that contributes to sustainable growth and development, protects communities and reduces carbon emissions.
Calvin purchased 2 fish bowls full of goldfish and 3 goldfish in a single bag. Each bowl had 6 fish in it. How many goldfish did Calvin buy? Calculate the number of fish in 1 bowl and in the bag together. Divide that number by the number of bowls. Calculate how many goldfish are in 2 fish bowls. Add that number to the number of fish in the bag. Calculate how many more goldfish are in a bowl than the bag. Multiply that number by the number of bowls. Calculate how many fish bowls there are. Add that number to the number of fish in the bag.
Answers
Answer:
How many goldfish did Calvin buy?
(2 bowls x 6 goldfish) + 3 goldfish in a bag = 15 goldfishCalculate the number of fish in 1 bowl and in the bag together.
(1 bowls x 6 goldfish) + 3 goldfish in a bag = 9 goldfishDivide that number by the number of bowls.
9 goldfish / 2 bowls = 4.5 goldfishCalculate how many goldfish are in 2 fish bowls.
2 bowls x 6 goldfish = 12 goldfishAdd that number to the number of fish in the bag.
12 goldfish + 3 goldfish = 15 goldfishCalculate how many more goldfish are in a bowl than the bag.
6 goldfish - 3 goldfish = 3 goldfish more in a bowl than in a bagMultiply that number by the number of bowls.
3 goldfish x 2 = 6 goldfishCalculate how many fish bowls there are.
2 fish bowlsAdd that number to the number of fish in the bag.
2 + 3 = 5a crafty operations manager has developed this decision tree to evaluate the alternatives for a planned expansion. if the probability of high demand is 0.6, what is the best course of action?
Answers
Compare the expected values and choose the alternative with the highest value, as that would be the best course of action.
Evaluate the alternatives for a planned expansionTo evaluate the alternatives for a planned expansion, a crafty operations manager has developed this decision tree.
If the probability of high demand is 0.6, the best course of action is to expand.
The probability of low demand is 0.4, and the cost of expanding when demand is low is 500,000.
The benefit of expanding when demand is low is 200,000, while the cost of not expanding when demand is high is 100,000.
The profit from expanding when demand is high is 700,000, while the cost of not expanding when demand is low is 300,000.
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what kind of technology refers as local technology or indigenous technology ?
Answers
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Explanation:
Using at least two terms from the unit, summarize the United States’ connection to the history of bananas, as documented in this TED talk.
Answers
Answer:
There was a U.S corporation called El Pupo that specialized in trafficking bananas. Bananas reached America in the early 1500’s. By the end of the 1800’s, bananas were a big hit in the U.S. Because U.S fruit companies wanted to grow their own bananas, they bribed government officials into giving them access to various lands. Rainforests were cleared, plantations were built, and the business escalated from there. Explanation: For anybody who still needs it. I got a 10/10. Just switch the words around a bit and you should be good.
Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using _____________ language.
Diagnostic
People-first
Inappropriate
Boundary-safe
Answers
Answer:
People-first
Explanation:
People-first language is a form of linguistic medication style involving a speaker putting a person before describing the actual diagnosis, that is, what a person "has" rather than asserting what a person "is."
For example, “a man walks with crutches” rather than” he is disabled.” Person-first language tends to be positive and promotes abilities rather than limitations.
Hence, in this case, Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using PEOPLE-FIRST Language.
If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for the points
Answers
points charged at closing will be $80,000 × 0.02 (2 points equal 2%) = $1,600.
Points, also called discount points, lower interest rates in exchange for prepayment. Lenders lower your closing costs in exchange for accepting higher interest rates. These terms may be used to mean something else. "Point" is a term that mortgage lenders have used for many years.
Mortgage points (sometimes called discount points) are fees paid to lower interest rates on home purchases or refinancing. Discount points cost 1% of your mortgage amount. For example, if you take a $ 100,000 mortgage, one point costs $ 1,000.
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In the hierarchy of effects, the stage between interest and trial is known as __________.
purchase
awareness
adoption
pilot
evaluation
Answers
In the hierarchy of effects, the stage between interest and trial is known as "evaluation."
Here's a breakdown of the stages in the hierarchy of effects:
1. Awareness
2. Interest
3. Evaluation
4. Trial
5. Adoption
Each stage represents a different level of involvement and decision-making for the consumer.
The hierarchy of effects is a theory that discusses the impact of advertising on customers' decision-making on purchasing certain products and brands. The theory covers a series of stages that advertisers should follow, from gaining customers' awareness to the final purchase behavior.
So, the correct answer is evaluation.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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the first social responsibility of any business is to
A) make enough profit to cover the costs of the future, because if this is not achieved then no
other social responsibility can be met.
B) avoid laying off employees so as to protect the employees' livelihood, even if that decision
may force the firm to liquidate.
C) engage in social activities that have no economic benefits, to avoid the appearance of a public
relations gimmick.
D) offer courses and training in environmental management.
E) none of the above
Answers
The first sοcial respοnsibility οf any business is subjective and can vary depending οn different perspectives and ethical framewοrks. Hοwever, amοng the οptiοns prοvided, the mοst widely accepted viewpοint is:
E) nοne οf the abοve
What is sοcial respοnsibility?Sοcial respοnsibility refers tο the ethical and mοral οbligatiοns that individuals, οrganizatiοns, and businesses have tοwards sοciety and the envirοnment. It is the cοncept οf acting in a way that benefits and cοntributes pοsitively tο the well-being οf sοciety at large.
The traditiοnal and widely accepted view οf the first sοcial respοnsibility οf a business is tο generate prοfit and create value fοr its sharehοlders οr οwners. This perspective suggests that a business's primary respοnsibility is tο ensure its financial sustainability, cοver cοsts, and generate prοfits tο reinvest in future grοwth and success. By fulfilling this respοnsibility, a business can create ecοnοmic value and cοntribute tο the well-being οf its stakehοlders, including emplοyees, custοmers, suppliers, and the brοader sοciety.
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Your rich great uncle left you some money to buy a new car. If you plan to purchase a foreign car, how might trade barriers impact the price that you have to pay for that car?
Answers
Answer:
you much money did your great uncle left for you
The trade barriers will impact negatively and it will raise the amount of payment for the car significantly.
Trade Barriers:No matter how big or wealthy a nation is, its industrial industry will need to look outside its borders for raw materials. However, some nations continue to oppose free trade. Some leaders still feel that free trade is not best for their economies and that it negatively affects their growth and employment. Others provide justifications for putting up barriers to commerce.Trade barriers for import of a car -Indian import taxes are high because the country promotes domestic and local industries. This is known as import substitution industrialization (ISI), a trade policy that focuses entirely on replacing import-based manufacturing and production with indigenous ones.Therefore, the trade barriers will impact negatively and it will raise the amount of payment for the car significantly.
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What information can we pull from the two previous illustrations from data source b & c? will this information be helpful in figuring out how the different populations are interacting with their respective environments? why or why not?
Answers
This information can help us understand how different populations are adapting and interacting with their environments. For example, we can see which populations are more concentrated in certain areas and which ones are more dispersed.
We can also see if there are any patterns in the population distribution that suggest certain environmental factors are influencing population growth or decline. This information can be very helpful in figuring out how different populations are interacting with their environments, but it is important to consider other factors as well, such as migration, competition, and resource availability. When studying how populations interact with their environments, relevant information typically includes data on population demographics, resource utilization, environmental conditions, and ecological factors. Here are some considerations regarding the usefulness of information from data sources B and C: Nature of the data sources: The usefulness of the information depends on the specific content and quality of the data sources.
Factors such as the reliability, representativeness, and relevance of the data are important considerations. It's essential to critically evaluate the sources and their methodologies to ensure the validity of the information.
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Which employee in the Buine, Management, and Adminitration career cluter would mot likely work in a cubicle?
Answers
The workplace Managers and Human resource managers would most probably 'paintings in a cubicle'. rationalization: The commercial enterprise control and administration profession cluster allow them to put together college students for careers that might assist them in the future.
In quick, administration is critical in carrying out tasks if you want to reap the goals. One kind is commercial enterprise management, that's the control of the business enterprise to acquire the maximum income. consequently, it's miles one of the fundamental concepts that every business needs to observe.
Directors help with the clean strolling of offices by means of wearing out clerical duties and tasks. As an administrator within the creative industry, you may be setting up mission meetings. you'd be typing up files, responding to commercial enterprise inquiries, drawing up contracts, and supplying customer support.
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BMW is ________ the customer experience when it offers 500 side-mirror combinations, 1,300 front bumper combinations, and 9,000 center-console combinations and provides new buyers a video link to watch their car being "born" while waiting for delivery.
Answers
Answer:
Personalizing
Explanation:
By making such offers while customers are waiting for delivery, BMW is personalizing the customer experience.
When we say Personalizing the customer experience we are talking about making designs or producing services and products that meets the customer's requirements individually
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Inkamva Lethu was established to offer counseling service for drug addicts and raise substance abuse awareness at no cost, identify form of ownership for this statement
Answers
Answer: Nonprofit Corporation
Explanation:
A Nonprofit corporation is one where the organization works to promote the good of the public in general either through charity, education, science, health and the like. These organizations provide their services at no cost and therefore rely on donations from benefactors to keep them going.
Inkamva Lethu is a Nonprofit corporation as it works for the public good by counseling drug addicts and raising awareness of substance abuse. They do this at no cost as well so they are a nonprofit corporation.
At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
Answers
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
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