$33.36B net income $420.55B total assets what is the ROA
show calculation 8.98%

Answers

Answer 1

The Return on Assets (ROA) given the value of the total assets and the net income is 7. 93 %.

How to find the ROA ?

To calculate the Return on Assets (ROA), you need to divide the net income by the total assets.

ROA = Net Income / Total Assets

Given:

Net Income = $33.36 billion

Total Assets = $420.55 billion

ROA = $33.36 billion / $420.55 billion

ROA = 0.0793

To express it as a percentage, you can multiply the result by 100:

ROA = 0.0793 * 100

= 7.93%

Therefore, the Return on Assets (ROA) for the given values is approximately 7.93%.

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Related Questions

write a compound interest function to model the following situation. then, find the balance after the given number of years. $16,100 invested at a rate of 1.2ompounded monthly; 7 years

Answers

To model the situation of compound interest, we can use the formula:

A = P(1 + r/n)^(n*t)

Where:

A = Final balance

P = Principal amount (initial investment)

r = Annual interest rate (in decimal form)

n = Number of compounding periods per year

t = Number of years

In this case, we have:

P = $16,100

r = 1.2% (or 0.012 in decimal form)

n = 12 (compounded monthly)

t = 7 years

Substituting the values into the formula, we can calculate the final balance:

A = $16,100 * (1 + 0.012/12)^(12*7)

A = $16,100 * (1 + 0.001)^84

A = $16,100 * (1.001)^84

A ≈ $16,100 * 1.1054

A ≈ $17,818.54

Therefore, the balance after 7 years would be approximately $17,818.54.

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A home improvement store has an assembled kids playset on display. There
are no signs waming parents not to let their kids play on it. When a child
climbs on the playset, it collapses and the child breaks her wrist. The playset
was not assembled properly for use because it was only for display. Is the
home improvement store negligent?
A. Yes. The store has a duty of care to provide a safe environment
and not assembling the playset correctly or putting up warning
signs is a breach of duty. The breach caused the playset to
collapse and resulted in harm to the child.
O B. Yes. Home improvement stores are held to a higher standard of
care than other stores because they sell some dangerous items.
Even though a reasonable person wouldn't climb the playset, the
store is still negligent.
O C. No. Home improvement stores do not have a duty to ensure the
safety of their customers because they sell some dangerous
items. Without duty to the customer, the store cannot be negligent.
OD. No. The store is not in violation of a breach of duty because
customers should know never to climb on or use anything on
display in a store. Without breach of duty, the store is not
negligent

Answers

Answer:

a. yes. the store has a duty of care to provide a safe environment and not assembling the playset correctly or putting up a sign is a breach of duty. and it resulted in harm.

Explanation:

a p e x

What is advertising??

Answers

Answer:

the activity or profession of producing advertisements for commercial products or services.

Explanation:

Answer:

the activity or profession of producing advertisements for commercial products or services.

"movie audiences are receptive to advertising"

advertisements collectively.

"despite being instructed to take the signs down, he says he has no intention of removing the advertising"

Explanation:

dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.

Which type of account (real, personal, or nominal) includes the following expenses of a business?
Expenses like rent, transportation, and advertising are part of a business’ ______
account, because they are fictitious.

Answers

Answer: Nominal account

Explanation:

Expenses like rent, transportation, and advertising are part of a business (Nominal) account, because they are fictitious.

Personal accounts are the accounts that have to do with individuals, or businesses. A real account is an account that isn't closed when the accounting period ends. The bqlnaces in the real account are carried to the following period. An example of this is cash.

Nominal account is an account that has a zero beginning balance at the start of the year. This is because when an accounting year ends, the nominal account will be closed.

ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate

Answers

Answer:

understanding the interest rate

Explanation:

i took the test

Compare and contrast online vs. traditional banking. In your response be sure to include: Two or more benefits of online banking. Two or more benefits of traditional banking. Two or more costs and/or charges of online banking. Two or more costs and/or charges of traditional banking. Please be sure to write your answer in complete sentences.

Answers

Online banking offers convenience and accessibility, while traditional banking provides personalized service and tangible financial advice.

Online banking allows customers to easily access their accounts and conduct transactions from anywhere, as well as offering features such as automatic bill pay and budgeting tools. Additionally, online banks often have lower fees and higher interest rates. Traditional banking offers the benefits of personalized service, such as in-person financial advice and assistance, as well as access to a wider range of financial products and services. Traditional banks also typically offer more security and protection for their customers' funds. However, online banking can come with costs such as transaction fees, ATM fees, and overdraft fees. Online banks also lack the human interaction and personal touch that traditional banks can offer. Traditional banking can come with costs such as monthly maintenance fees, ATM fees, and minimum balance requirements. Additionally, traditional banks may have limited hours of operation and may not be as accessible for customers who live in remote areas or have mobility limitations.

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Read this excerpt describing the mission of the World Bank.

The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.

It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.

According to this excerpt, what is one major way in which the World Bank differs from a regular bank?

The World Bank is a source of financial assistance.
The World Bank aims to improve living standards.
The World Bank provides low-interest loans and credit.
The World Bank serves people of different income levels.

Answers

Answer:

The World Bank is a source of financial assistance.  

Explanation:

The World Bank serves people of different income levels but regular banks do that.

The World Bank aims to improve living standards, no because it is more for hep  developing countries.

The World Bank provides low-interest loans and credit but there is a better answer.

The World Bank is a source of financial assistance because it help developing countries and has easier loans and credit

The World Bank aims to improve living standards.

What is the role of the World Bank in globalization?

The WBG supports developing countries through the development of trade policy to deepen their integration into regional and global economies and increase trade performance while facilitating trade through streamlined border management and more efficient logistics

What are the important global roles that World Bank plays?

The World Bank concentrates on long-term investment projects, institution-building, and on social, environmental, and poverty issues. The IMF focuses on the functioning of the international monetary system, and on promoting sound macroeconomic policies as a precondition for sustained economic growth.

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What are the costs and benefits of having
insurance.

Answers

Answer:

Improved Health Increases Savings Organized Consistent Check-Ups Safeguarding Finances

Explanation:

As part of your retirement plan, you want to set up an annuity in which a regular payment of $80,121 is made at the end of each year. you need to determine how much money must be deposited earning 10% compounded annually in order to make the annuity payment for 20 years. round your answer to the nearest cent. a. $680,153.78 c. $682,115.24 b. $681,426.87 d. $683,759.64

Answers

As part of your retirement plan, you want to set up an annuity in which a regular payment of $681829.71 is made at the end of each year.

How much money must be deposited earning 10% compounded annually in order to make the annuity payment for 20 years?

The calculation of an annuity follows a formula: Future Value of an Annuity =C (((1+i)^n - 1)/i), where C is the regular payment, i is the annual interest rate or discount rate in decimal, and n is the number of year or periods

To calculate the compound interest for a number of years together, we need to multiply P(1+i) to the power of the number of years of the deposit. So we end up with this formula: P (1+ i/n)n. This formula can be used to calculate compound interest that is compounded annually.

To determine the present value of an annuity, you can use the formula:

PV = PMT * [ (1 - (1 + r)^-n) / r ]

Where:

PV is the present value of the annuity

PMT is the regular payment (in this case, $80,121)

r is the annual interest rate (in this case, 10%)

n is the number of payments (in this case, 20)

Using this formula, we can calculate the present value of the annuity:

PV = 80121[1 - (1 + 0.1)^- 20]/0.1

PV = 80121[1 - (1.1)^- 20]/0.1

PV = 80121[1 - 0.149]/0.1

PV = 80121[0.851]/0.1

PV = 80121 × 8.51

PV = $681829.71

So, $681829.71 would need to be deposited earning 10% compounded annually in order to make the annuity payment of $80,121 for 20 years.

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After taking your assessment describe what you learned,
including what would instruct your ethical learnings. Discuss what
ethical considerations you think a public administrator should have
as it rel

Answers

Ethical considerations for public administrators revolve around principles such as transparency, accountability, fairness, and the public interest. Here are some key ethical considerations:

1. Integrity and Honesty: Public administrators should uphold high standards of integrity, acting honestly and transparently in all their dealings. They should avoid conflicts of interest and prioritize the public interest over personal gain.

2. Equity and Fairness: Public administrators should ensure that policies and decisions are fair and equitable, without favoritism or discrimination. They should strive for equal access to resources and services, treating all individuals and groups fairly.

3. Responsibility and Accountability: Public administrators have a responsibility to use public resources efficiently and effectively. They should be accountable for their actions, ensuring transparency in decision-making processes and providing accurate information to the public.

4. Respect for the Law and Regulations: Public administrators should adhere to legal and regulatory frameworks, following proper procedures and avoiding any actions that may violate laws or ethical guidelines.

5. Public Engagement and Participation: Public administrators should actively engage with the community, seeking input and involving citizens in decision-making processes. They should promote public participation, transparency, and inclusivity.

6. Professionalism and Competence: Public administrators should possess the necessary knowledge, skills, and expertise to perform their duties effectively. They should continuously update their skills and stay informed about best practices and emerging issues in their field.

Ethical considerations are essential for public administrators as they serve the public and make decisions that affect the lives of individuals and communities. Upholding ethical principles builds trust, maintains integrity, and ensures the effective delivery of public services. Public administrators should be guided by these ethical considerations to promote good governance and serve the public interest effectively.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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what is the study of business​

Answers

Explanation:

The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day

Explanation:

business studies is an academic subjects taught in many schools and higher education institutions in the world .

g which of the following characteristics are most commonly associated with corporate bonds issued in the u.s.? i. registered form ii. bearer form iii. quarterly coupon payments iv. semiannual coupon payments multiple choice i and iii only i and iv only ii and iii only ii and iv only iii only

Answers

Corporate bonds issued in the U.S. are typically associated with registered form and semiannual coupon payments. So, correct option is B.

Registered form means that the bonds are recorded in the name of the owner, which allows for easier tracking of ownership and transfer of ownership. On the other hand, bearer form bonds are not common in the U.S. due to the difficulty in tracking ownership and the potential for fraudulent activity.

Regarding coupon payments, semiannual payments are more common for corporate bonds in the U.S. than quarterly payments. This is because semiannual payments align with the typical interest payment schedule of many corporate bonds and also reduce administrative costs for both the issuer and the investor.

Quarterly coupon payments may be more common for certain types of bonds, such as municipal bonds, but are not typically associated with corporate bonds in the U.S.

Therefore, the correct answer is B) i and iv only.

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how can you say that office is an information centre?​

Answers

Answer:

hope this helps

Explanation:

An office is an information center which provides information relating to business transactions. Such information is very useful. It is used by management for the purpose of planning, organizing, staffing, directing and controlling.Information Center: The office serves as an information centre. It collects information from sources like invoices, letters, memos, agreements, vouchers etc., and protects them in safe mode on the basis of their importance for future reference.It is used by management for the purpose of planning, organizing, staffing, directing and controlling. Office not only keeps record of information but also plays the role of reliable channel of communicating the information. It is required for smooth functioning of the organization.

Answer:

Explanation:

I think information centre is designed specifically for storing, processing, and retrieving information for dissemination at regular intervals. if the office is doing so then you can say that it is information centre.

When making a decision, you decide that the expected benefits of your choice outweigh the expected benefits of all other options. This describes the _________________ of your decision.

Answers

Answer:

The right solution will be "trade-offs".

Explanation:

An exploration of trade-offs is a way of choosing between opposing alternatives. Even though unofficial market experiments are often conducted essentially by logically evaluating options and making an informed decision, systematic trade experiments become beneficial in refining and reasserting opinions as well as eliminating prejudice from the course of action.

Answer:

trade offs

Explanation:

An exploration of trade-offs is a way of choosing between opposing alternatives.

Even though unofficial market experiments are often conducted essentially by logically evaluating options and making an informed decision, systematic trade experiments become beneficial in refining and reasserting opinions as well as eliminating prejudice from the course of action.

Shareholders in a corporation have the power to bind the corporation to contracts. True or false?\

Answers

False. Shareholders in a corporation do not have the power to bind the corporation to contracts.

In a corporation, the power to bind the corporation to contracts is typically vested in the board of directors and the authorized officers of the company, not the shareholders. Shareholders are the owners of the company, but they do not have direct authority to make legally binding decisions or enter into contracts on behalf of the corporation.

The board of directors, elected by the shareholders, is responsible for the overall management and decision-making of the corporation. They have the authority to make important decisions, including entering into contracts, on behalf of the corporation. The authorized officers, appointed by the board of directors, are designated to act on behalf of the corporation and have the power to bind the corporation to contracts within the scope of their authority.

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1.
What plays a role in supply and demand by influencing consumers to seek out particular brands or markets?

labor

integration

elasticity

advertising

Answers

Answer:

Advertising its part if marketing and brands

a.
Those who compulsively work are considered sick because compared to most people, they tend to
Understand their wants and desires better
b. Hold better paying jobs in technological fields
C. Pay more attention to their loved ones' needs
d. Allow work to interfere with personal activities

Answers

Answer:

D

Explanation:

Took the test on ed

Answer:

Option D on edge 2021

Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.

Answers

It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.

1. Lilly's Challenge to Dividend Denial and Bonus Payment:

Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:

a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.

b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.

c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.

Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.

2. Travel Agency in Voluntary Administration:

If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:

a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.

b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.

For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.

3. Terry's Breach of Director's Duties:

Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:

a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.

b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.

c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.

d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.

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The Discount Rate is equal to 1% and the Fed Funds Rate is equal to .5%
At what rate would banks be able to borrow from each other's reserve balances?

Answers

The rate at which banks can borrow from each other's reserve balances is known as the Federal Funds Rate (FFR). In the given scenario, the FFR is already given as 0.5%.

The Discount Rate is the interest rate that the Federal Reserve charges banks to borrow funds on a short-term basis. It is typically set higher than the FFR as a tool for controlling monetary policy.

However, since the given Discount Rate of 1% is higher than the FFR of 0.5%, it is unlikely that banks would borrow from the Discount Window. Instead, they would prefer to borrow from each other's reserve balances at the lower FFR rate of 0.5%.

Therefore, the rate at which banks would be able to borrow from each other's reserve balances in the given scenario is 0.5%.

What do most business people think is the primary purpose of business?

A. To fix the problems of society

B. To invest all profits back into the business

C. To protect private property

D. To generate wealth

Answers

The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.

What is business?

Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.

The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.

The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.

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Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time job. Select the best possible answer.(Only 1 answer)

Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time

Answers

Answer:

the second one

Explanation:

prettyu sure,

only can claim is tim parents and he has no other choice but to return the file tax return

Current tax laws allow Tim's parents to claim Tim as a dependent; Tim has the option to file a tax return

According to the IRS, Tim can be claimed as a dependent by his parents because:

He is their son He is a student who is younger than 23 He lives with his parents

He also has the option but not the obligation to file a tax return because his gross income is less than $12,200 as a dependent.

In conclusion, Tim can be claimed as a dependent by his parents but he does not have to file a tax return.

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If you are late paying your bill, what is the impact on your annual fee?

Answers

Answer:

It will most likely increase

Explanation:

The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.

What is bill?

A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.

If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.

Therefore, the late payment of bill would increase the amount of interest.

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In which way can a person's individual choice to heat their home instead of using blankets negatively affect the environment for all?

Greater use of heat depletes natural resources that provide the heat energy.
Greater use of heat increases revenues to the local electric or oil company.
The other people living in the home are happy to not need to use blankets.
The producers of heavy blankets demand less labor as wages increase.

Answers

The way that a person's choice to heat their home and not use blankets can negatively affect the environment is A. Greater use of heat depletes natural resources that provide the heat energy.

How does heating a house negatively affect the environment ?

When a house is heated by using things like gas and electricity, then we find that the environment is negatively affected because these resources will be depleted.

There is also the fact that these resources can cause greenhouse gas emissions when they are used, which is another way that they influence the environment negatively.

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any project teams are made up of team members that never meet face-to-face; they communicate throughout the project using email and sharing computer files. This type of project teamwork is referred to as _________

Answers

The answer is virtual team.

Macomb corporation purchases inventory on account for $75,000. the journal entry for this transaction would:_____.

Answers

The journal entry for this transaction would:

Dr. Inventory $75,000

Cr. Accounts payable    $75,000

What does purchase on account mean?

Purchase on account means that the inventory purchased was on credit basis, which means that Macomb corporation only promises to pay $75,000 owed due to inventory purchase at a later time.

The appropriate journal entry is to debit the inventory account, which is the receiving account where the accounts payable(representing the supplier) is credited since the giving account is to be credited.

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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8) How can using a credit card affect your credit score in a good way? In a bad way?

Answers

Answer:

Explanation:

Good way: using your credit card and paying off the balance each month and on time can increase your credit score. Also, having a large credit limit affects the credit positively

Bad way: paying your balances late or not at all is bad for your credit.

MAVIS CANDLES BUDGETED COSTS FOR CURRENT FISCAL YEAR
Budgeted Cost (144,000 Units) Raw Materials $149,760 Wages 54,720 Owners' Salaries 68,000 Rent 15,000 Utilities 8,000 Supervision 38,400 Mold Polishing 9,000 Production Equipment Depreciation 8,640 Design Cost Amortization 3,760 Office Equipment Depreciation 1,720 Selling Expenses 6,000 Office Supplies 4,800 Interest 520 Other Expenses 3,200 Total Costs $ 371,520

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Mavis Candles has budgeted costs of $371,520 for the current fiscal year based on producing 144,000 units.

Budgeted costs are anticipated future costs that the firm anticipates racking up in the future. In other words, based on anticipated revenues and sales, it is an estimated expenditure that management thinks will be incurred in a future period. The breakdown of the costs includes $149,760 for raw materials, $54,720 for wages, $68,000 for owners' salaries, $15,000 for rent, $8,000 for utilities, $38,400 for supervision, $9,000 for mold polishing, $8,640 for production equipment depreciation, $3,760 for design cost amortization, $1,720 for office equipment depreciation, $6,000 for selling expenses, $4,800 for office supplies, $520 for interest, and $3,200 for other expenses. These budgeted costs provide a framework for Mavis Candles to plan and manage their financial resources throughout the fiscal year.

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Good point things don’t make sense like this but I’m answering my first question
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