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what is credit card and what is debit card


Answers were Sorted based on User's Feedback



what is credit card and what is debit card ..

Answer / amit kumar tiwari

The use of debit and credit card is fast expanding beyond
the basic function of dispensing cash or pay your bills.
This content is part of the extensive resources on credit
cards ...In credit card bank provide credit limit as
banking rules and regulation and debit card you can use as
per your account balance

Is This Answer Correct ?    20 Yes 0 No

what is credit card and what is debit card ..

Answer / sanjay kumar verma

In credit card bank provide credit limit as per their
banking rules and regulation

while, in debit card you can use it as
per your account balance.

Is This Answer Correct ?    4 Yes 0 No

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2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: &#61485;fixed 42,000 &#61485;variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: &#61485;fixed 36,000 &#61485;varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.

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