why is it important to consider the annual fee when comparing credit card offers?
Answers
Answer:
Money of rewards need to be greater than annual fee. APR because it determines interest you pay on balance you carry.
Explanation:
Related Questions
which market structure is defined by a single producer?
Answers
Answer:
Monopoly. A condition that has none of the requirements for a competitive market such as adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits is called a(n)
Explanation:
Hope it helps
explain why average cost decreases then increases with output in either the short-run or the long-run
Answers
In the short term, when a firm's output rises, its average costs ought to go down. Because fixed costs are ongoing, they are dispersed among a growing number of products. However, in practice, average expenses may initially decline, albeit slowly. Once a minimum is met, average costs will start to increase. This is how the law of diminishing returns came to be.
Costs in the short run are those that change quickly. Physical capital is not a short-run cost; but, labour and raw material costs are. With cost on the vertical axis and quantity on the horizontal axis, an average cost curve may be drawn. These graphs frequently include display marginal costs, which are the costs of the last unit produced at each point and, in the short run, indicate the slope of the variable cost curve (and hence the first derivative of variable cost). Because all fixed costs are incurred before any output occurs and marginal costs are often rising due to declining marginal productivity, the average cost curve typically bears a U-shape. In this "typical" scenario, marginal costs for low levels of production are lower than average costs, causing average costs to decline as quantity rises. At the minimum of the U-shaped average cost curve, an ascending marginal cost curve crosses it, and the average cost curve then starts to slope higher. The marginal cost is greater than average costs for production above this minimum level, so average costs rise as production levels do as well.
Learn more about average costs here
https://brainly.com/question/25799822
#SPJ4
The first physical form or service description of a new product, still in rough form, having the same properties as a new product, but produced through different manufacturing processes, is called.
Answers
The first physical form or service description of a new product, still in rough form, having the same properties as a new product, but produced through different manufacturing processes, is called a prototype.
A prototype is an initial version or sample of a product that is created to test and evaluate its design, functionality, and feasibility before it is put into mass production. It is usually produced through different manufacturing processes, such as 3D printing or manual fabrication, to quickly and cost-effectively develop and refine the product concept.
A prototype is an initial model or version of a product, created to test its design, functionality, and overall feasibility before moving on to the final manufacturing process. This allows for any necessary adjustments or improvements to be made, ensuring the final product meets the desired quality and performance standards.
To know more about Prototype visit:-
https://brainly.com/question/15456973
#SPJ11
Feeling good about yourself is an example of a(n) ______. a. illusion b. augmented product c. core product d. incentive.
Answers
Feeling good about yourself is an example of a core product. So, the correct option is c. core product.
In marketing, a product can be divided into three levels: core product, actual product, and augmented product. The core product represents the fundamental benefit or value that a customer receives from the product. It addresses the underlying needs or desires that the customer seeks to fulfill.
In the given context, feeling good about oneself is an intangible psychological benefit that individuals seek to achieve. It is a core product as it represents the emotional satisfaction, self-esteem, or sense of well-being that people strive for.
The core product is the primary reason why customers choose a particular product or service. In this case, feeling good about oneself is the essential benefit or value that individuals are seeking. It is a subjective experience that is unique to each individual, and it may be influenced by various factors such as personal achievements, positive self-perception, or overall happiness.
While options a, b, and d are not applicable in this context, option c correctly identifies feeling good about oneself as an example of a core product, representing the underlying psychological benefit that individuals seek to obtain.
Learn more about core product
https://brainly.com/question/31318565
#SPJ11
QUESTION 13 Suppose that nominal GDP increases by 6.0%, real GDP increases by 4.5% and the population increases by 2.0%. Real GDP per capita O grows by 2.5% (approximately). O does not change. decreas
Answers
In this case, we are given nominal GDP, real GDP, and the population. With this data, we can calculate real GDP per capita, which is a measure of economic output per person in an economy. This is a better measure of economic growth than real GDP alone, as it accounts for changes in population size.
If real GDP per capita grows, then the economy is growing in a sustainable way, as it is producing more goods and services for each person living in the country. Here, real GDP per capita grows by approximately 2.5%. This means that the economy is growing, and that people in the country are becoming better off.
If real GDP per capita was stagnant or falling, then the economy would be in trouble. It is worth noting that this measure of economic growth does not tell us anything about the distribution of wealth within a country. It is possible for real GDP per capita to increase while the majority of people in a country are becoming worse off.
To know more about economic visit:
https://brainly.com/question/32335706
#SPJ11
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
As jonelle walks through a market, she picks up a peach and odorants waft up to her nose. Where are the odorants transduced into signals that her brain will be able to process?.
Answers
The olfactory epithelium is where the odorants are transduced into signals that her brain will be able to process
This is further explained below.
What are odorants?Generally, a substance is put into a product in order to give it a certain scent after it has been manufactured.
Proteins that are capable of binding odor molecules and play a vital role in the sense of smell are referred to as olfactory receptors. These receptors are also known as smell receptors.
When odorants engage receptor proteins, which are found on hairlike cilia at the ends of sensory cells, a neurological reaction may be induced. It's possible for a single odorant to have an effect on several receptors, but to varying degrees in each circumstance.
In conclusion, The olfactory epithelium is the part of her nose that is responsible for converting odorants into signals that her brain can understand.
Read more about odorants
https://brainly.com/question/5396055
#SPJ1
Contractionary fiscal policy would involve all of:________
Answers
Contractionary fiscal policy involves the following measures
Decreasing government spendingIncreasing taxesDecreasing government transfersImplementing restrictive fiscal policiesMeasure involve in fiscal policyDecreasing government spending: The government reduces its spending on goods, services, and programs. This reduction in spending aims to decrease aggregate demand and control inflationary pressures.
Increasing taxes: the government raises tax rates or eliminates certain tax benefits to reduce disposable income and decrease consumer spending. Higher taxes reduce the purchasing power of individuals and businesses, leading to a decrease in aggregate demand.
Decreasing government transfers: The government reduces the amount of money it transfers to individuals or households through programs such as welfare benefits or unemployment insurance. This reduction in transfers aims to reduce disposable income and decrease consumption.
Implementing restrictive fiscal policies: The government may adopt measures to control borrowing and limit access to credit. This can include tightening regulations on lending or increasing interest rates to discourage borrowing and investment.
Learn more about fiscal policy at
https://brainly.com/question/6583917
#SPJ4
a listing of the end of period balances of all the gl accounts is known as the
Answers
Trial balance. A trial balance is a listing of the end-of-period balances of all the general ledger accounts.
A trial balance is a listing of the end-of-period balances of all the general ledger accounts. It is typically prepared as a part of the accounting cycle to ensure that the total debits equal the total credits and that the books are in balance. The trial balance includes the balances of all the accounts, such as assets, liabilities, equity, revenues, and expenses. It provides a snapshot of the financial position of a company at a specific point in time. The trial balance is an important tool for accountants and auditors to verify the accuracy of the recorded transactions and to prepare financial statements.
To learn more about accounts
https://brainly.com/question/29216697
#SPJ11
One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answers
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
What was operation bootstrap? a. was an failed economic development program in the south that drove many blacks to migrate to northern and midwestern cities. b. was a failed economic development program in the north that drove many manufacturing businesses out of the country. c. was an economic development program in mexico that brought lots of business to the country but drove many people to migrate to the u.s. d. was an economic development program in puerto rico that brought lots of businesses to the island but drove many people to migrate to cities like nyc.
Answers
Many Puerto Ricans migrated to the United States in search of better employment opportunities, particularly in cities like New York City. Despite its successes in attracting businesses, Operation Bootstrap's adverse effects on the local workforce contributed to significant migration and social challenges.
Operation Bootstrap was an economic development program in Puerto Rico that brought lots of businesses to the island but drove many people to migrate to cities like NYC. This option corresponds to option (d) in your list of choices.
Launched in the late 1940s, Operation Bootstrap aimed to transform Puerto Rico's economy from an agricultural-based system to an industrialized one. The program offered tax incentives and other benefits to attract businesses, particularly from the United States, to invest and set up manufacturing facilities on the island.
As a result, Operation Bootstrap did successfully bring numerous businesses to Puerto Rico, leading to economic growth and a more diversified economy. However, this rapid industrialization also led to a decline in traditional agricultural jobs, and the newly created jobs in manufacturing were often not enough to meet the growing population's demands.
To know more about tax incentives refer to
https://brainly.com/question/29454543
#SPJ11
a job cost record is used to accumulate all of the direct materials and direct labor used on the job, as well as the manufacturing overhead allocated to the job. True or false?
Answers
The given statement "A job cost record is used to accumulate all of the direct materials and direct labor used on the job, as well as the manufacturing overhead allocated to the job" is true.
A job cost record is a document that is used to record and summarize all of the costs associated with a specific job, order, or contract. The main purpose of a job cost record is to help a business or company determine the total cost of a job or order and to provide a record of all the expenses associated with the job.In a job cost record, all the direct and indirect costs are recorded.
Direct costs are the costs that can be directly traced to the production of goods, such as raw materials and direct labor costs, whereas indirect costs include manufacturing overhead and other indirect costs such as insurance, depreciation, and utilities that cannot be directly traced to a specific product or service. Determining the cost of goods sold is critical for a company's profitability.
The job cost record helps companies determine the overall profitability of a job by comparing its revenue to the total costs of direct materials, direct labor, and overhead needed to produce the goods.
To know more about accumulate visit:
https://brainly.com/question/31492229
#SPJ11
Design signal conditioning circuit for temperature measurement by using type K-thermocouple (measure temperature from 0 to 700 °C). Also using the semiconductor sensor with sensitivity 6mV°C (for room temperature compensation. When input temperature 700°C output voltage is 7 volt and when input temperature 0°C output voltage is O volt Need 1) Draw all block diagrams of all components. 2) Give the complete circuit with their resistance value. 3) Show detail of calculation Type K-thermocouple document is here
Answers
To design a signal conditioning circuit for temperature measurement using a type K-thermocouple, a semiconductor sensor, and room temperature compensation, we need to follow these steps: 1) Draw the block diagrams of all components, 2) Provide the complete circuit with their resistance values, and 3) Show the detailed calculations.
1) The block diagram of the signal conditioning circuit would consist of a type K-thermocouple, a cold junction compensation circuit, an amplifier, and an output stage. The type K-thermocouple measures the temperature, the cold junction compensation circuit compensates for variations in the ambient temperature, the amplifier amplifies the thermocouple signal, and the output stage converts the amplified signal into a voltage output.
2) The complete circuit would include a type K-thermocouple connected to a cold junction compensation circuit consisting of a precision temperature sensor. The output of the thermocouple and the compensation circuit would be connected to an amplifier, which would be followed by an output stage. The resistance values for the components would depend on the specific circuit design and can be calculated based on the desired amplification and temperature range.
3) The detailed calculations would involve determining the resistance values for the various components in the circuit, selecting appropriate amplifier gain, and ensuring proper calibration. The calculations would also consider the sensitivity of the semiconductor sensor for room temperature compensation and the voltage outputs at the extreme temperature points (0°C and 700°C) for calibration purposes.
Learn more about: temperature measurement
https://brainly.com/question/31362261
#SPJ11
An investment of $144767 is expected to generate an after-tax cash flow of $79500 in one year and another $125500 in two years. The cost of capital is 10 percent. What is the internal rate of return?
Answers
The internal rate of return for this investment is 21.16%
To calculate the IRR for this investment, we need to first calculate the NPV of the expected cash flows using the cost of capital of 10%.
Year 0: -$144,767 (initial investment)
Year 1: $79,500 / \((1+10) ^ {1}\) = $72,272.73
Year 2: $125,500 /\((1+10)^2\)= $102,479.34
NPV = -$144,767 + $72,272.73/(1+10%) + $102,479.34/\((1+10)^2\) = $4,951.73
Since the NPV is positive, the IRR must be greater than 10%. We can use trial and error or Excel's built-in IRR function to find the exact IRR.
Using Excel's IRR function, the IRR for this investment is 21.16%. This means that the investment is expected to generate a return of 21.16% per year, which is higher than the cost of capital of 10%. Therefore, the investment is considered to be a good one.
It is important to note that the IRR assumes that the cash flows generated by the investment can be reinvested at the same rate as the IRR. In reality, this may not be possible, so it is important to consider other factors such as risk and liquidity when making investment decisions.
For more question on Internal rate of return visit:
https://brainly.com/question/24301559
#SPJ11
The internal rate of return for this investment is 22.5%.
To calculate the internal rate of return (IRR) of this investment, we need to find the discount rate that makes the net present value (NPV) of the investment equal to zero. We can use the following formula to calculate the NPV:
NPV = -Initial investment + (Cash flow in year 1 / (1 + r)^1) + (Cash flow in year 2 / (1 + r)^2)
Where r is the discount rate.
We can plug in the given values and solve for r:
0 = -$144,767 + ($79,500 / (1 + r)^1) + ($125,500 / (1 + r)^2)
Solving this equation for r gives us an IRR of approximately 22.5%.
Therefore, the internal rate of return for this investment is 22.5%.
Learn more about return here:
https://brainly.com/question/31732197
#SPJ11
Which of the following is an example of synchronous communication? A) online reviews B) work flow automation systems C) bulletin board systems D) videoconferencing E) e-mail
Answers
Videoconferencing is an example of synchronous communication. It allows individuals or groups to engage in real-time, interactive communication using audio and video technology.
Other options listed, such as online reviews, work flow automation systems, bulletin board systems, and email, are examples of asynchronous communication methods.
Synchronous communication refers to interactions that occur in real-time, where participants can communicate and respond immediately. Among the options provided, videoconferencing is the example that aligns with this definition.
Videoconferencing enables individuals or groups to have face-to-face communication, regardless of their physical locations. It allows for real-time conversations, instant feedback, and interactive discussions through audio and video channels.
On the other hand, the remaining options are examples of asynchronous communication. Online reviews, work flow automation systems, bulletin board systems, and email all involve the exchange of information that does not require immediate responses.
Users can leave reviews or messages, which can be viewed and responded to at a later time. These methods do not require simultaneous participation and allow for communication to occur at different times.
In summary, videoconferencing is an example of synchronous communication as it facilitates real-time, interactive communication, while options like online reviews, work flow automation systems, bulletin board systems, and email fall under the category of asynchronous communication, where exchanges occur at different times.
To learn more about, synchronous communication:-
brainly.com/question/30201215
#SPJ11
state any five occupations in public service sector? Explain any one of them.
Answers
Answer:
Explanation:
Public service simply refers to the services that are provided by the government. The examples of occupations in the public service sector include:
1. Firefighter
2. Law enforcement officer
3. Custom inspector
4. Military
5. Public health nurse
A law enforcement officer is a person that enforces law. They also help in protecting lives and properties.
Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease or remain the
same when each of the following events occurs? (State your answer andreason behind your answer for each event).
A) Other car manufactures, such as General Motors, decide to make and sell SUVs
B) SUVS produced in foreign countries are banned from the American market.
C) Due to ad campaigns Americans believe that SUVs are much safer than an ordinary passenger cars.
D) The time period over which you measured the elasticity lengthens. During that longer longer time, new models such as four-wheel-drive cargo appear.
Answers
a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.
b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for Ford's SUVs. Consumers would now have limited choices.
c. As a result of the ad campaigns, the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.
d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes
Price elasticity of demand measures how quantity demanded responds to changes in the price of a good
Types of price elasticity
Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1 Inelastic demand : this means that quantity demanded does not respond much to change in price. Coefficient of elasticity is less than 1To learn more about demand elasticity, please check: https://brainly.com/question/13565779?referrer=searchResults
Use the drop-down menus to explain how to create a subreport. 1. Open the table in view. 2. On the Design tab, click Min Grouping & Totals. 3. Select "with a footer section" from a drop-down menu in a pane below. 4. Next, choose Subform/Subreport from the command group. 5. Place the cursor at an insertion point. Then, to create a space. 6. In the Subreport Wizard, choose what you want to include in the subreport from the main table. 7. Once you are satisfied, create a name for the subreport, and click Finish. DO NOT PUT ANY FILES JUST THE ANSWER.
Answers
Answer:
design
group and sort
control
click and drag
Explanation:
gg
In the United States, a common justification for trade restrictions is that other countries can manipulate their currencies to make their exports more attractive abroad. This allows those other countries run current account surpluses, and harms the U.S. economy. In 4-6 sentences explain how this would work and what the weaknesses are with this argument, if any.
Answers
The argument that other countries manipulate their currencies to make their exports more attractive abroad works by artificially devaluing their currency. By lowering the value of their currency.
This can lead to current account surpluses as their exports become more attractive to foreign buyers. However, there are weaknesses with this argument. Firstly, currency manipulation is not the sole determinant of a country's trade surplus or deficit. Other factors such as productivity, comparative advantage, and trade policies also play significant roles. Secondly, the impact of currency manipulation on the U.S. economy is not straightforward and can have complex effects on different sectors and industries. Additionally, currency manipulation can lead to retaliation and trade tensions, potentially harming global trade relationships.
learn more about countries here:
https://brainly.com/question/32567518
#SPJ11
An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.
The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.
However, the partners do not have the capital needed for this expansion.
Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.
An and Bo are also considering changing the legal structure to a private limited company.
a. Identify two features of public sector organizations.
b. Identify two advantages and two disadvantages to An and Bo of being a partnership.
c. Explain two benefits to An and Bo of expanding their businesses.
d. Do you think the partners should become a private limited company? Justify your answer.
Answers
Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.
Give a brief account on partnership.a. Two features of public sector organizations.
Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.b. Two advantages of being in a partnership :
Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.Two disadvantages of being in a partnership :
Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.c. Two benefits to An and Bo of expanding their businesses :
capable of increasing sales and profitability.can access new markets or customers.d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.
To know more about, partnership, visit :
https://brainly.com/question/19988417
#SPJ1
In the accounting equation, assets are equal to which two things?
A. Debits + equity
B. Debits + accounts
C. Liabilities + equity
D. Liabilities + accounts
Please select the best answer from the choices provided
A
B.
OOOO
С
D
Answers
Answer:
C. Liabilities + equity
Explanation:
Edg 2021 ...
What is a difference between being cheap and rich?
Answers
Joanne runs a company that produces mattresses. Her fixed costs include electricity and labor. She recently increased the capacity of production, which increased these fixed costs. What has Joanne done to the production of her company?
Joanne has ____ the production.
Answers
Answer:
not sure but increased seems right
Explanation:
Because she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
What does increased Fixed cost do?In production, any increase in fixed cost will increase total cost and will impct on level of profit which will decrease.
In conclusion, as she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
Read more about Fixed cost
brainly.com/question/3636923
Caren's Canoes is considering relaxing its credit standards to encourage more sales. As a result, sales are expected to increase 15 percent from 300 canoes per year to 345 canoes per year. The average collection period is expected to increase to 40 days from 30 days and bad debts are expected to double the current 1 percent level. The price per canoe is $850, the variable cost per canoe is $650 and the average cost per unit at the 300 unit level is $700. The firm's required return on investment is 20 percent. (Assume a 360minusday year) What is the net result of implementing the proposed plan?
Answers
Net Result = $38,250 - $29,250 - $3,315 - $4,183.33 - (0.20 * $210,000)
Simplifying the calculation, we get the net result of implementing the proposed plan.
To analyze the net result of implementing the proposed plan, we need to calculate the changes in sales revenue, variable costs, bad debts, and collection costs.
Sales Revenue:
The initial sales revenue is calculated as follows:
300 canoes * $850 per canoe = $255,000
After implementing the plan, the new sales revenue is:
345 canoes * $850 per canoe = $293,250
The change in sales revenue is $293,250 - $255,000 = $38,250.
Variable Costs:
The initial variable costs are calculated as follows:
300 canoes * $650 per canoe = $195,000
After implementing the plan, the new variable costs are:
345 canoes * $650 per canoe = $224,250
The change in variable costs is $224,250 - $195,000 = $29,250.
Bad Debts:
The initial bad debts are 1% of the initial sales revenue:
1% * $255,000 = $2,550
After implementing the plan, the new bad debts are double the initial level:
2% * $293,250 = $5,865
The change in bad debts is $5,865 - $2,550 = $3,315.
Collection Costs:
The initial average collection period is 30 days, and the new average collection period is 40 days. To calculate the change in collection costs, we need to determine the additional cost incurred due to the extended collection period.
The initial average daily sales are $255,000 / 360 days = $708.33 per day.
The new average daily sales are $293,250 / 360 days = $814.58 per day.
The additional cost per day due to the extended collection period is:
($814.58 - $708.33) * 40 days = $4,183.33
The change in collection costs is $4,183.33.
Required Return on Investment:
The required return on investment is 20%.
Now, let's calculate the net result:
Net Result = Change in Sales Revenue - Change in Variable Costs - Change in Bad Debts - Change in Collection Costs - (Required Return on Investment * Initial Investment)
The initial investment is the average cost per unit at the 300 unit level:
300 canoes * $700 per canoe = $210,000
Net Result = $38,250 - $29,250 - $3,315 - $4,183.33 - (0.20 * $210,000)
Simplifying the calculation, we get the net result of implementing the proposed plan.
For more such questions on revenue
https://brainly.com/question/25623677
#SPJ11
when an economy produces a good such that the marginal benefit equals the marginal cost, this indicates that
Answers
What happens when an economy produces good in a way where marginal benefit equals marginal cost is that resource are allocated efficiently
Basically, when the marginal benefit equals the marginal cost, it shows that the quantity (output) produced is efficient.
Hence, the principle applies to an economy as well because when the total marginal benefit equal marginal cost, it shows that the output is efficient.
In conclusion, what happens when an economy produces good in a way where marginal benefit equals marginal cost is that resource are allocated efficiently.
Read more about marginal cost
brainly.com/question/16615264
The balance on a credit card, that charges a 15.5% APR interest rate, over a 1 month period is given in the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
answer is $3.34
Answers
If the balance on a credit card, that charges a 15.5% APR interest rate. finance charge on the average daily balance for this credit card over the 1 month period is $3.36.
How to finance charge?To calculate the finance charge for the credit card over the 1 month period, we need to calculate the average daily balance and then apply the interest rate. Here are the steps to follow:
Step 1: Calculate the number of days in each period.
Days 1-5 = 5
Days 6-20 = 15
Days 21-30 = 10
Step 2: Calculate the average daily balance for each period.
Average daily balance for days 1-5 = $200
Average daily balance for days 6-20 = ($200 x 5 + $350 x 15) / 20 = $305
Average daily balance for days 21-30 = ($200 x 5 + $350 x 15 - $150 x 10) / 30 = $225
Step 3: Calculate the weighted average daily balance for the entire month.
Weighted average daily balance = (average daily balance for days 1-5 x 5) + (average daily balance for days 6-20 x 15) + (average daily balance for days 21-30 x 10) / 30
Weighted average daily balance = ($200 x 5 + $305 x 15 + $225 x 10) / 30 = $263.33
Step 4: Calculate the finance charge for the month.
Finance charge = weighted average daily balance x daily periodic interest rate x number of days in the billing cycle
Daily periodic interest rate = APR / 365 = 15.5% / 365 = 0.0004247
Finance charge = $263.33 x 0.0004247 x 30 = $3.36
Therefore, the finance charge on the average daily balance for this credit card over the 1 month period is $3.36.
Learn more about finance charge here:https://brainly.com/question/3436429
#SPJ1
Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
Learn more about Bank, here:
https://brainly.com/question/12984338
#SPJ1
name four commercial services which are useful to a manufacturer
Answers
Help me with this please.
Answers
Answer:
its customer service and desion making
Explanation:
hope it help btw i search it up and it said that so its right
Or open Meet and enter this code: wtb-tsif-cpq female
Answers
Answer:..................
For what ?_?