Identify a true statement about credit cards.

A. Money is immediately withdrawn from your account when you make a purchase using a credit card.
B. Credit cards are solely issued to people who have a specific amount of savings in their retirement account.
C. Many credit cards offer perks, such as discounts on certain products, extended warranties on purchases, or frequent-fliermiles.
D. Credit card companies do not charge an annual fee from cardholders if the card remains unused for at least 120 days.


Answer: C

Business

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If fixed costs are $180,000, variable costs are $38 per unit, and the product sells for $70, the breakeven point in sales dollars is $5,625

Indicate whether the statement is true or false

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