How much interest would be paid on a credit card at the end of the second 30-day month on a one-year $1,000 loan at a 12.99% annual rate? Assume you pay nothing at the end of the first 30-day month.
a. $109.10
b. $10.92
c. $108.10
d. $10.91
e. $10.80
The amount of interest that would be paid on a credit card at the end of the second 30-day month is equal to: E. $10.80.
Given the following data:
Principal = $1,000Interest rate = 12.99%Time = 30 daysConversion:
365 days = 1 year
30 days = X year
Cross-multiplying, we have:
[tex]365X = 30\\\\X=\frac{30}{365}[/tex]
X = 0.08219 year
To determine the amount of interest that would be paid on a credit card at the end of the second 30-day month:
First of all, we would calculate the simple interest for the first 30-day month:
Mathematically, simple interest is given by the formula:
[tex]S.I = \frac{PRT}{100}[/tex]
Where:
S.I is the simple interest.P is the principal amount.R is the interest rate.T is the time measured in years.Substituting the given parameters into the formula, we have;
[tex]S.I = \frac{1000 \times 12.99 \times 0.08219}{100}\\\\S.I = \frac{1067.648}{100}[/tex]
Simple interest = $10.6765
[tex]S.I = 1000 + 10.6765[/tex]
S.I = $1010.6765.
Now, we can determine the amount of interest that would be paid on a credit card at the end of the second 30-day month:
[tex]S.I_2 = \frac{1010.6765 \times 12.99 \times 0.08219}{100}\\\\S.I_2 = \frac{1079.05}{100}[/tex]
Interest = 10.79 ≈ $10.80.
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What information should be included in the opening paragraph of a thank-you letter?
a.
Mention skills that were omitted during the interview
b.
Reinforce any points perceived as weaknesses
c. Mention looking forward to a response
d. Reinforce interest and fit for the position
In a "thank-you letter," the opening paragraph should d. Reinforce interest and fit for the position.
In the second paragraph, you should mention skills omitted during the interview and reinforce weaknesses before stating that you look forward to receiving a response.
A thank-you letter should have a positive tone and convey enthusiasm for the job if this were the case. Do not overcommit yourself or sound desperate. Express your gratitude for the opportunity to learn more about the company, showing your interest in the position.
Thus, in the opening paragraph, you should reinforce your interest and fit for the position.
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Answer:c. mention looking forward to a response
Explanation:
what are the functions of middle level management
Answer:
Middle management is at the center of a hierarchical organization, subordinate to the senior management but above the lowest levels of operational staff. Middle managers are accountable to top management for their department's function. They provide guidance to lower-level managers and inspire them to perform better.Hope this helps you !!State one effect the great depression had on many Americans?
Answer:
Great Depression
EXPLANATION:
I hope this helps (:
What of the following would not be relevant in a make-or-buy decision? What of the following would not be relevant in a make-or-buy decision?
Select one:
a. Avoidable fixed cost
b. Incremental fixed costs
c. Unavoidable variable costs
d. Opportunity costs
Tje correct answer is c. Unavoidable variable costs. Options that would not be relevant in a make-or-buy decision are unavoidable variable costs.
What are unavoidable variable costs?Corresponds to a type of expense that cannot be avoided, that is, it is an expense associated with other costs, such as interest rates, depreciation and taxes, being costs that do not depend only on the purchase decision, but costs arising from a commitment to use such expense.
In the make-or-buy decision process, it is necessary for organizations to carry out a structured and organized budget, to better allocate their resources between goals, income and expenses, in order to have greater control of their costs and a more strategic decision-making.
Therefore, the purchase decision process must be based on strategic planning to meet objectives and goals aligned with your needs and best opportunities.
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3 of 45
In order to determine exactly what portion of a mortgage loan the VA will guarantee on behalf of
a qualified veteran, the borrower must apply for a
Answer:
Certificate of Eligibility (COE)
Explanation:
In order to determine exactly what portion of a mortgage loan the VA will guarantee on behalf of a qualified veteran, the borrower must apply for a Certificate of Eligibility (COE).
The Certificate of Eligibility (COE) is a letter issued by the Department of Veterans Affairs (VA), which attests the eligibility of the veteran for a VA-backed home loan. There are a few ways to obtain a COE:
Through mail, by filling out the VA Form 26-1880 (Request for Certificate of Eligibility).Through the VA's website.Through lenders.Veterans must also have at least one of the following Character of Service (COS) requirements upon discharge from the military: Honorable, General, Uncharacterized, and Under Honorable Conditions.
Imagine you own a company that makes YOUR FAVORITE PRODUCT.
Answer:
I am not sure what you want me to answer but Ill give you my P.O.V
Explanation:
If I had my own company with my favorite product I would have created more of the things related to that product. And invest my money in other products I enjoy using. And improve on that product make it better.
Suppose that you are an orange grower. Would you expect the demand for your
orange to be more elastic or more inelastic? Why
It should be noted that the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded.
It should be noted that an elastic demand simply means a situation whereby a change in the price of a good lead to a larger change in the quantity demanded.
In this case, the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded. For example, an increase in price will make the customers buy other fruits.
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What is the balance between supply and demand called ?
Answer:
I think it is Market equilibrium
The balance between supply and demand is known as the market equilibrium.
The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.
This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.
This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.
However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.
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You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great artist
in photography, that she will photograph all her subjects wearing your friendship bracelets. You have
agreed that you will get 25 percent of the proceeds from the sale of photographs and she will get 25
percent of the sale proceeds from your bracelets. It turns out that Georgina had a photo-lab partner who
actually did all the film and photo development while she just took the pictures, and who wanted part of her
proceeds. Because of this arrangement, you are considered to be a partner with him.
False
Theo
Which type of reinforcement schedule results in the quickest learning
I bad at explaining things but a easy way to learn quicker (for me anyways) is by taking notes and going over them everyday and reading a little ahead then you have to. Also by going at your pace first till you get use to it before you start pushing your self a little harder.
This helps a lot but than again every one is different so I would honestly juts say to go slow at first and work your self up that way it would he a lot easier on you if you want to learn faster
Help buissness help help help
Answer:
milton fredman
Explanation:
Bren Company sold a car for $17,100. The cost of the car was $37,000 and the depreciation expense was recorded at 10% for five and a half years. What was the gain or loss on disposal?
The loss on the disposal of the car is $-16,200.
The first step is to determine the total depreciation on the car.
Depreciation expense = percentage depreciation x cost of the asset
$37,000 x 0.1 = $3700
The second step is to determine the book value of the car = cost of the car - depreciation
$37,000 - $3700 = $33,300.
The book value is greater than the selling price of the car, so there was a loss on the sale. The third step is to determine the gain on the sale.
Loss = $17,100 - $33,300 = $-16,200
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Select the correct answer
What type of income is received through rent?
A. earned income
B. passive income
C. portfolio income
D. business income
Answer:
earned income is received through rent
David Davis plans to save $2,735 every year for the next eight years, starting today. At the end of eight years, David will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 12.0 percent annually, how much will he have saved in eight years when he buys his house
Answer:
Denizen 3 4 and a great job time to for a the first time first aid kit the meaning of ghilli in a row to get the 5 to the 8th and then she says that she 38 the meaning that she should have a pool for her and the rest of her family head is of her own 4 who will not be available for the next one in night and or next at least the next other two nights as she is back at night and she is going out for a couple weeks and a great half birthday day for her birthday present so she can bring 5 500 on the on going 3
Explanation:
2 increase in the National College at Lahore 30th in September and 3rd 3 is a holiday in the UK for a couple week holidays holiday and the bear episode of a year is 4 up with and a in a advance bed booking form and the holiday accommodation for your child needs to be honest I have to read Allah and help you with you are as good as good as you can remember the first one is a bit more of 6 for her but you have a lot of money left for the me in the National capital 2176218754 3 and of 3 episode of my slow recovery and I a few days to 786 my back and the Caribbean world is a good 3 episode and I have been been working with a few people different and to the point of getting back to the office of profit of a sudden he is not working I properly managed made the best possible way of doing this to happen to her room with the help of the year but have to be honest honest and I will be back in the next couple of couple weeks with a couple in a row with a couple of days ago 5 6th June episode of puppeteer the meaning of ghilli in a row for the person in who is was not able 7 8 I a a I bit few couple few few couple few like of of like like of a of like of of a of like of of a of like months days years months days months years months days months years months days years months days months years months years days months years months years monthsSuppose Yummy Treats Bakery issues common stock in exchange for a building. Yummy Treats Bakery should record the building at Question content area bottom Part 1 A. the par value of the stock given. B. its book value. C. its market value. D. a value assigned by the board of directors
Based on the information given Yummy Treats Bakery should record the building at: C. its market value.
Market value is the value of an asset in the market or the amount at which an asset will be sold in the market.
Building is an asset and since common stock was issued out in exchange for a building , the best options is that Yummy treats bakery should record the building at the market value the asset or the building.
Inconclusion Yummy Treats Bakery should record the building at: C. its market value.
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What low-risk investment can provide Kazuo income when he retires?
a. real estate
b. stocks
c. bonds
d. ira’s
Answer: D
Explanation:
Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. Table 12.3 shows last year’s average inventory levels for these items, along with their unit values. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm have? c. What was the inventory turnover last year?
a. The average aggregate inventory value is $336,000.
b. The number of weeks of supply that the firm has is 3 weeks, approximately (2.69 ($336,000/$6,500,000 x 52).
c. The inventory turnover of Sapphire Aerospace for last year was 19.3x.
Question Completion:
Category Part Number Average Value Total Category
Inventory Units per Unit Value Totals
Raw Materials RM-1 20,000 $1 $20,000
Materials RM-2 5,000 5 25,000
RM-3 3,000 6 18,000
RM-4 1,000 8 8,000 $71,000
Work-in-process WIP-1 6,000 10 60,000
WIP-2 8,000 12 96,000 $156,000
Finished goods FG-1 1,000 65 65,000
FG-2 500 88 44,000 $109,000
Total value of inventory $336,000 $336,000
Inventory turnover = Cost of goods sold/Average inventory
= 19.3x ($6,500,000/$336,000)
Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.
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What do you think the curves would look like in the next 100 years?
Answer:The last 100 years have seen a massive fourfold increase in the population, due to medical advances, lower mortality rates, and an increase in agricultural productivity made possible by the Green Revolution.
What are your goals that you want to achieve in 5 years?
Answer:
Consider Why the Job Interests You
Research the Business
Don't Worry If You Don't Know What Kind of Career You Want to Pursue
Be Enthusiastic
Be Realistic
Explanation:
Michelle is typing an e-mail to team members. The e-mail includes some issues that were discussed during a meeting and decisions that were made. Michelle is writing the _____.
Answer:
issues that were discussed in the meeting
Explanation:
Question 1 of 15.
#1. Objective A: Left Turn
True False
Mark for follow up
Based on the question above, the correct answer goes thus:
TrueObjectivityTo be objective implies that you State facts as it is devoid of your opinions. According to the available text, left turn is true
In conclusion, we can conclude that the correct answer is true
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what's the net price equivalent rate of 9/15/18
Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.
A. The beginning inventory of the current period is the beginning inventory of the previous period.
B. The beginning inventory of the previous period is the ending inventory of the current period.
C. The ending inventory of the previous period is the ending inventory of the current period.
D. The ending inventory of the previous period is the beginning inventory of the current period.
The relationship between ending inventory and beginning inventory is ending inventory of the previous period is the beginning inventory of the current period.
Ending inventory is inventory that remains unsold at the end of a particular period of time. Beginning inventory is inventory that a business has in stock at the beginning of a particular period.
Ending inventory is a function of beginning inventory, cost of goods purchased, cost of goods sold.
Ending inventory = beginning inventory + cost of good bought - cost of good sold.
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Which liquidity ratio is considered to be the most stringent because it eliminates inventory in its measurement
Acid test or quick ratio is the liquidity ratio that is most stringent because it
eliminates inventory in its measurement.
Acid test ratio can be calculated by:
Current assets - inventory
current liabilities
Acid test ratio eliminates the inventory which is the least liquid asset from
current assets. This ratio help companies determine how fast it can convert
its assets into cash in order to take care of its liabilities.
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Davis Manufacturing Company had the following data:
January 1 December 31
Accounts receivable $27,000 $33,000
Materials inventory 22,500 6,000
Work in process inventory 70,200 48,000
Finished goods inventory 3,000 15,000
Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.
Factory overhead was 300% of the cost of direct labor.
a. Compute sales revenue (all sales were on account).
$ ___________________
b. Compute cost of goods sold.
$ ______________
c. Compute cost of goods manufactured.
$ _______________
d. Compute direct materials used.
$ ________________
e. Compute direct labor incurred.
$ ________________
f. Compute factory overhead incurred.
$ __________________
a) The computation of the sales revenue is $631,000.
b) The computation of the cost of goods sold is $429,080.
c) The computation of the cost of goods manufactured is $441,080.
d) The computation of the direct materials used is $106,500.
e) The computation of the direct labor incurred is $78,095.
f) the Computation of the factory overhead incurred is $234,285.
How are the figures above computed?The ledger accounts of the inventory accounts can help in the computation of the above figures as shown below.
Data and Calculations:January 1 December 31
Accounts receivable $27,000 $33,000
Materials inventory 22,500 6,000
Work in process inventory 70,200 48,000
Finished goods inventory 3,000 15,000
Collections on account were $625,000
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000
T-Accounts:
Accounts receivable:Beginning balance $27,000
Sales (missing) 631,000
Cash collection $625,000
Ending balance $33,000
Cost of goods sold is $429,080 ($631,000 x 68%).
Materials inventoryBeginning balance $22,500
Purchases 90,000
Work in process 106,500
Ending balance $6,000
Work in process inventoryBeginning balance $70,200
Materials inventory 106,500
Direct labor 78,095
Factory overhead 234,285
Finished goods inventory $441,080
Ending balance $48,000
Finished goods inventoryBeginning balance $3,000
Work in process $441,080
Cost of goods sold $429,080
Ending balance 15,000
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what is the most technical challenge for mr?
Answer:
The most technical challenge for true AR/MR is maintaining accurate spatial registration of real and virtual elements such that the deviation is within the perceptual limits of the human sensory system.
...............................................In 2015 Paul Gauguin's painting When Will You Marry sold for $300 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable?" Provide an answer.
Answer:
Answer: The original painting is valuable because there is demand tor it in the market The demand is derived demand because the buyer wants to show his status in the society, and it could only be possible by associating with it. He is also the ones
Because there is a market for it, the original painting is valuable. The buyer wants to demonstrate his social standing, which drives demand.
What is Law of demand ?According to the law of demand, the quantity bought varies inversely with price. In other words, if the price increases the demanded quantity decreases.
He is also the person who paid the most to reserve the painting. The individual who values it the highest will get it if there is only a limited supply on the market. Some people strongly prefer the original picture and would not pay for it even though there are duplicates on the market.
The demand will then increase significantly. The original picture is represented by the demand curve in the aforementioned graph. when there is only one surviving original master work At equilibrium, the market's price is high.
Hence the original painting's demand is high and quantity is less, that's why it is sold for $300 million.
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A hurricane hits the coast of the United States, destroying oyster farms. Afterward,
oyster farmers have far fewer oysters to sell to stores and restaurants.
What is this situation an example of?
A. Incentive
B. Demand
C. Scarcity
D. Trade-off
Which of the following statements is CORRECT? Question 9 options: The AFN equation for forecasting funds requirements requires only a forecast of the firm's balance sheet. Although a forecasted income statement may help clarify the results, income statement data are not essential because funds needed relate only to the balance sheet. Dividends are paid with cash taken from the accumulated retained earnings account, hence dividend policy does not affect the AFN forecast. A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed. If the ratios of assets to sales and spontaneous liabilities to sales do not remain constant, then the AFN equation will provide more accurate forecasts than the forecasted financial statements method. Any forecast of financial requirements involves determining how much money the firm will need, and this need is determined by adding together increases in assets and spontaneous liabilities and then subtracting operating income.
AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.
AFN is known as Projected increase in assets – spontaneous increase in liabilities – any increase in retained earnings.When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.
Additional funds needed (AFN) is known as financial term used when a business intends to widen its operations.
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