Dee's credit card has an APR of 17%, calculated on the previous monthly
balance, and Dee makes a payment of $50 every month. Her credit card
record for the last 7 months is shown in the table below.
End of Previous New Payment Finance Principal New
month
balance charges received charges
paid balance
$0.00 $122.00 $0.00
$0.00
$0.00 $122.00
2. $122.00 $56.00
$50.00
?
$48.27 $129.73
3
$129.73 $98.00 $50.00
$1.84 $48.16 $179.57
4
$179.57 $237.00 $50 00 $2.54 $47 46 $369.11
5
$369.11 $75.00 $50.00
$5.23 $44.77 $399.34
6
$399.34 $39.00 $50.00
$5.66 $44.34 $394.00
7 $394 00 $118.00 $50.00 $5.58 $44 42 $467.58
What were the finance charges in month 2?

Answers

Answer 1

Answer:

d

Explanation:

Answer 2

Answer: $1.73

Explanation:


Related Questions

An increase in the firms receivable turnover ratio means that:

Answers

Answer:

interest generated in a business

Which method of communication is likely to be most effective for the following situation: You want your client to go over the detailed itinerary that you have prepared for this four-week journey to China.

A. Face-to-Face
B. Written Letter
C. Phone Call
D. Email
E. Fax

Answers

Answer:

B

Explanation:

then you could know their schedule and where they will be and when.

An engineering graduate plans to buy a home. She has been advised that her monthly house and property tax payment should not exceed 35% of her disposable monthly income. After researching the market, she determines she can obtain a 30 year home loan for 6.95% annual interest per year, compounded monthly. Her monthly property tax payment will be approximately $150.What is the max amount she can par for a house if her disposable monthly income is $2000?

Answers

Answer:

$83,107.20

Explanation:

Amount available for monthly house payment = [$ 2000 * 35% ] - $ 150

= $700 - $150

= $550

Effective rate per month = 6.95% / 12 months = 0.00579 = 0.579%

No of periods = 30 years * 12 months = 360 months

Present Value = Amount available for monthly house payments * [P/A,0.579%,360]

[P/A,0.579%,360] =[(1 + i)^n - 1] / [( 1 + i)^n * I]= [(1 + 0.00579)^360 - 1] / [( 1 + 0.00579)^360 * 0.00579]

P/A,0.579%,360 = [7.99158 - 1] / [ 7.99158 * 0.00579]

P/A,0.579%,360 = 6.99158 / 0.04627

P/A,0.579%,360 = 151.104

Present Value = Amount available for monthly house payments * [P/A,0.579%,360]

Present Value = $550 * 151.104

Present Value = $83,107.20

Thus, the max amount she can par for the house is $83,107.20

Click this link to view O*NET's Work Contexts section for Petroleum Engineers. It describes the physical and social
elements common to this work. Note that common contexts are listed toward the top, and less common contexts are
listed toward the bottom. According to O*NET, what are some common work contexts for Petroleum Engineers?
Check all that apply.

Answers

Answer:

The common working contexts for the oil engineer are:

Eletronic mail and telephone Freedom to make decisions Face-to-face discussions Indoors, environmentally controlled.

Explanation:

Work context is the term that refers to the concepts that specify the work of a given profession, highlighting the common elements that all professionals in this area have, such as equipment, activities, workplaces, necessary environmental conditions, among others.

Regarding petroleum engineers, we can say that the work contexts they present are:

Eletronic mail and telephone Freedom to make decisions Face-to-face discussions Indoors, environmentally controlled.

Answer:

1 3 4 5

Explanation:

Consider a portfolio that offers an expected rate of return of 11% and a standard deviation of 21%. T-bills offer a risk-free 6% rate of return. What is the maximum level of risk aversion for which the risky portfolio is still preferred to T-bills?

Answers

Answer:

The  level of risk aversion must be less than 2.27 for the risky portfolio to be preferred to bills.

Explanation:

Let U presents utility level. Therefore, we can specify U as follows:

U = E(r) - (0.5 * A * SD^2) ........................... (1)

Where, risky portfolio, we have:

E(r) = expected rate of return = 11%, or 0.11

SD = Standard deviation = 21%, or 0.21

A = Level of risk aversion = ?

Substituting the values into equation (1), we have:

U of risky portfolio = 0.11 - (0.5 * A * 0.21^2)

U of risky portfolio = 0.11 - (A * 0.02205)

Since the T-bills offer a risk-free 6% rate of return, it therefore implies that:

U of T-bill = 6%, 0.06

Therefore, the following must hold for the risky portfolio to be preferred to bills:

U of risky portfolio > U of T-bill ............................. (2)

Substituting the values for the expression above and solve for A, we have:

0.11 - (A * 0.02205) > 0.06

-(A * 0.02205) > 0.06 - 0.11

-(A * 0.02205) > - 0.05

Divide through by -1 and change the inequality sign, we have:

A * 0.02205 < 0.05

A < 0.05 / 0.02205

A < 2.27

Therefore, the  level of risk aversion must be less than 2.27 for the risky portfolio to be preferred to bills.

Rebotar Inc, makes basketballs. Their fixed costs are $3450 Variable costs are $12 per basketball, If the basketball is priced at $25 and 300 basketballs are sold, did Rebotar break even? How do you know Show all work.​

Answers

Answer:

Break-even points = 265.38

Explanation:

Given:

Fixed cost = $3,450

Variable costs = $12

Selling price = $25

Number of balls sold = 300

Find:

Break even costs

Computation:

Contribution per unit = Sales - Variable costs

Contribution per unit = $25- $12

Contribution per unit = $13

Break-even points = Fixed cost / Contribution per unit

Break-even points = $3,450 /$13

Break-even points = 265.38

On January 1, 2004, Oak Co. issued 400 of its 8%, $1,000 bonds at 97 plus accrued interest. The bonds are dated October 1, 2003 and mature on October 1, 2013. Interest is payable semiannually on April 1 and October 1. Accrued interest for the period October 1, 2003 to January 1, 2004, amounted to $8,000. On January 1, 2004, what amount should Oak report as bonds payable, net of discount?

Answers

Answer:

Oak Co.

The amount that Oak should report as bonds payable, net of discount is:

$400,000.

Explanation:

a) Data and Calculations:

Cash from the issue of 400 bonds = 400 * $1,000 * 97/100 = $388,000

Interest rate = 8% semiannually on April 1 and October 1

Bonds payable = $400,000 ($1,000 * 400)

Date of bonds = October 1, 2003

Accrued interest from October 1, 2003 to January 1, 2004 = $8,000

b) The bonds payable is the face value of the bonds.  It is the amount that will be due for repayment to bondholders on the maturity of the bonds in 10 years' time, precisely on October 1, 2013.

identify each CSTO from its description

Answers

Answer:
PAS
National FFA
NYFEA

I hope it helps

Which statement best describes the relative risk of two types of investment?
A. Bonds are riskier than mutual funds.
B. Individual retirement accounts are riskier than stocks.
C. Stocks are riskier than savings accounts,
O D. Certificates of deposit are riskier than hedge funds,

Answers

Your answer is c stocks are riskier then savings accounts,

The statement which best describes the relative risk of two types of investment is " Stocks are riskier than savings accounts".

Hence, the correct option is C.

The relative risk of different types of investments can vary. It is important to note that risk levels can change based on various factors such as market conditions, investment strategies, and individual circumstances.

However, in general, stocks are considered riskier than savings accounts. Stocks are subject to market volatility and fluctuations, which can result in significant gains or losses. On the other hand, savings accounts typically offer lower returns but provide more stability and security for the invested funds.

Learn more about investment here: brainly.com/question/34489138

#SPJ2

Country of origin can strongly influence a firm’s approach to organization structure. As MNEs from China and India internationalize, to what extent are they likely to differ from that observed for Japanese, European and US MNEs?

Answers

Answer:

Chinese and Indian firms are likely to apply their own principles when they internationalize as MNEs.

Explanation:

For example, the Chinese have in many aspects similar values to the Japanese. They believe in hierarchies, in strict organization and methods, and in efficiency above everything else.

However, the Chinese tend to be less protocol-focused than the Japanese, because the Chinese are more extraverted. So when the Chinese companies become MNEs, they are likely to be similar to Japanese MNEs, but with a bit less organization and protocol.

A stock with a beta of 0.6 just paid a dividend of $5.60 and is priced at $324.00. If the risk-free rate is 2% and the market risk premium is 6%, what is the expected growth rate for the stock

Answers

Answer:Expected growth rate = 3.81%

Explanation:

Following the CAPM model formulae. we have that

Expected Return = Risk free rate  + Beta x Market premium

Expected Return= 2% + 0.6 X 6%

Expected Return= 0.02 + 0.6 X 0.06

Expected Return=0.02 + 0.036

 = 0.056

where

Ke = Expected Return = 0.056

g = Growth rate =?

D0= dividend = 5.60

We have  Market price of stock = D₀ (1+g)/ Ke -g

$324= 5.60 ( 1+g)/ 0.056 - g

324( 0.056-g) = 5.60 (1+ g)

18.144 -324g= 5.60 +5.60g

18.144 -5.60 = 5.60 g + 324g

12.544=329.6

g= 12.544/329.6 = 0.0381

 Therefore Expected growth rate = 3.81%

Why do we practice making associations with simple and mundane problems and resources

Answers

Question Completion with options:

Select all that apply.

A. To bring some light-hearted humor to practicing a rather difficult behavior.

B. Things like losing your keys and empty ink cartridges are actually more important of a problem than expected.

C. Due to their simplicity, there is a “right” or “perfect” solution to be identified.

D. Removes the risk associated with trying to find the “right” or “perfect” solution.

E. They are problems and resources that most people have experience with or can relate to.

Answer:

We practice making associations with simple and mundane problems and resources because:

E. They are problems and resources that most people have experience with or can relate to.

Explanation:

Such problems and resources are malleable to daily practice and association because they are simple and commonplace.  Most people can also relate to the given problems and resources, having acquired the experience before or they have been associated with the resources for solving the particular problems.  So making them a subject of practice, it becomes easier to use them as anecdotes for teaching and enlightenment.  Experience, some claim, is a good teacher.

What the beneſts or disadvantages of corporations​

Answers

Answer: Advantages of a corporation include personal responsibility protection, and easier access to bigger things. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow...

Clementine and Leeexpect to deposit the following cash flows at the end of years 1 through 5, $1,000; $4,000; $9,000; $5,000; and $2,000 respectively. Alternatively, theycould deposit a single amount todayand have the same amount in your account at the endof year 5. How large does the single deposit need to be today if Clementine and Leecan earn 10% compounded annuallyon their account?

Answers

Answer:

The single deposit value will be "$15,633.62".

Explanation:

According to the question, the future values will be:

= [tex](1000\times ((1+10 \ percent)^4)+(4000\times ((1+10 \ percent)^3)+(9000\times ((1+10 \ percent)^2)+(5000\times ((1+10 \ percent))+2000[/tex]

= [tex]1464.1+5324+10890+5500+2000[/tex]

= [tex]25178.1[/tex]

By using the Present value formula, the single deposit will be:

⇒ [tex]Present \ value=\frac{Future \ value}{(1+Interest \ rate)^n}[/tex]

                          [tex]=\frac{25178.1}{(1+10 \ percent)^5}[/tex]

                          [tex]= \frac{25178.1}{1.61051}[/tex]

                          [tex]=15,633.62[/tex] ($)

Employees view budgeting more positively when goals are established for them by senior management.

a. True
b. False

Answers

Answer:

true

Explanation:

i think true

atmosphere in retailing refer to​

Answers

Answer:

Simply put, store atmosphere includes the physical characteristics of a retail store used to create an image to attract customers. It's also known as atmospherics for short. It is a direct contributor to the customer experience and the public's opinion of your brand, which are important elements of retail today.

A negative supply shock such as a natural disaster, which greatly decreases the economy's resources, will tend to

Answers

Explanation:

Question 36 1 A negative supply shock such as a natural disaster, which greatly decreases the economy's resources, will tend to reduce equilibrium GDP and the price level.

1. Correct the following business messages keeping the 7C's of effective communication in consideration.
i. Revise the following message for conciseness:
In this time of the day, we are sending this announcement to let everyone know that new medicines ordered by the hospital which are mentioned on the list will be available from next month.

Answers

Answer:

Revise the following message for conciseness is explained below in detail.

Explanation:

ConciseClearCorrectConcreteCompleteCourteousCoherent

These above mentioned 7 points are the 7 C's of communication.

At this contemporary time, this statement is to let everyone understand that the new medications and medicine required by the hospital and introduced on the list will be appearing next month.  

Splish Brothers Inc. issues $257,000, 10-year, 8% bonds at 99. Prepare the journal entry to record the sale of these bonds on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answers

Answer:

Dr Cash 254,430

Dr Discount on bonds payable 2,570

Cr Bonds payable 257,000

Explanation:

Preparation of the journal entry to record the sale of these bonds on March 1, 2022

Based on the information given we were told that Brothers Inc. issues the amount of $257,000 that includes 10-year and 8% bonds at 99 which means that the journal entry to record the sale of these bonds on March 1, 2022 will be :

March 1, 2022

Dr Cash 254,430

(257,000*99%)

Dr Discount on bonds payable 2,570

([$257,000*(100%-99%)]

Cr Bonds payable 257,000

(Being to record the sale of bonds)

LCMS Industries has $70 million in debt outstanding. The firm will pay only interest on this debt (the debt is perpetual). LCMS' marginal tax rate is 35% and the firm pays a rate of 8% interest on its debt. The present value of LCMS' interest tax shield is closest to:_________

Answers

Answer:

$24.5 million

Explanation:

Calculation for The present value of LCMS' interest tax shield

Using this formula

Present Value of Tax shield = Debt outstanding× Marginal tax rate

Let plug in the formula

Present Value of Tax shield=$70 million× .35

Present Value of Tax shield=$24.5 million

Therefore The present value of LCMS' interest tax shield is closest to: $24.5 million

Whatever, Inc., has a bond outstanding with a coupon rate of 5.87 percent and semiannual payments. The yield to maturity is 6.9 percent and the bond matures in 13 years. What is the market price if the bond has a par value of $1,000?

Answers

Answer:

Market price of the bond = $912.53

Explanation:

YTM = 6.90%

Coupon rate = 5.87%

Number of compounding per year = 2

YTM Per perid = 0.0345

Years = 13

Number of period = 26 (Nper)

Par value = 1,000

Semi annual coupon rate = 0.02935

The semi annual coupon payment = Par value * Semi annual coupon rate = 1,000 * 0.02935 = $29.35

Market price of the bond = PV(YTM, Nper, Semi annual coupon payment,Par value)

Market price of the bond = $912.53

Sedita Incorporated is working on its cash budget for July. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $175,000 and budgeted cash disbursements total $174,000. The desired ending cash balance is $50,000. The excess (deficiency) of cash available over disbursements for July will be:

a. $47,000
b. $221,000
c. $45,000
d. $1,000

Answers

Your answer is c 45,000

Barb Muller wins the lottery. She wins $20,000 per year to be paid for 10 years. The state offers her the choice of a cash settlement now instead of the annual payments for 10 years. If the interest rate is 6%, what is the amount the state will offer for a settlement today?

Answers

Answer:

The government should offer $147,201.74.

Explanation:

First, we need to calculate the future value (FV) of the payments using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {20,000*[(1.06^10) - 1]} / 0.06

FV= $263,615.90

Now, the present value, meaning the amount of money that the government should offer:

PV= FV/(1+i)^n

PV= 263,615.9 / (1.06^10)

PV= $147,201.74

The government should offer $147,201.74.

Write an assessment of the logistical, financial, and any other considerations of implementing eMobile/eHealth information technology in your organization. If mobile technology is in use in your organization, give a brief description of the technology in use, and assess the impact this has had on operations.

Answers

Explanation:

The use of mobile information technologies in organizations is increasingly essential, due to the speed with which business is currently carried out and the great competition. Intelligent systems are implemented in organizations so that there is speed in communication processes, as is the case with eMobile / eHealth that manages the quality of messages sent to an organizational mobile device, facilitating organizational communication to occur effectively, safely and quickly. , through the technology of requesting information contained in a corporate database. To maintain the security of the system, there must be an adequate and sophisticated implementation, to eliminate fraud and intrusions.

The advantages of mobile information technologies in organizations are reflected in all organizational sectors, as from an effective and fluid communication, the speed of processes increases, unnecessary costs decrease, and contributes to continuous organizational improvement.

Wild Swings Inc.’s stock has a beta of 2.5. If the risk-free rate is 6% and the market risk premium is 7%, what is an estimate of Wild Swings’ cost of equity?

Answers

Answer:

r = 0.235 or 23.5%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

rRF is the risk free rate rpM is the market return

r = 0.06 + 2.5 * 0.07

r = 0.235 or 23.5%

economic sustainability for sanitation

Answers

Answer:

Economic sustainability is an integrated part of sustainability and means that we must use, safeguard and sustain resources (human and material) to create long-term sustainable values by optimal use, recovery and recycling.

Several key ideas make up the economic angle of sustainability:

Smart growth.

Long-range planning.

Cost savings.

Research and development spending.

Cost of living.

Is this ok?

Refer to JetBlue. JetBlue Airlines founder and CEO David Neeleman and its President Dave Barger speak with every new class of employees as they come through JetBlue’s structured orientation process. The orientation course is an example of ____ communication.

Answers

Answer:

Downward communication

Explanation:

In an organisation communication is key to making work process effective and meeting set goals and objectives.

Expectations need to be communicated to employees and management also need to get feedback from employees.

Communications can be from management to employees which is downward communication, between colleagues which is horizontal, and from employees to management which is upward.

In the given instance JetBlue Airlines founder and CEO David Neeleman and its President Dave Barger speak with every new class of employees as they come through JetBlue’s structured orientation process.

This is a form of downward communication where the the CEO and President speak to every new class of employees

How would higher U.S. tariffs on Chinese imports affect its private saving, domestic investment, and government deficit?

Answers

Answer:

Private Saving

With higher tariffs on Chinese imports, the prices of commodities would increase as the tariffs would be added to the prices of goods. This means that consumers would have to spend more to buy goods and services and should this happen they would have to save less if their income levels stay constant.

This would therefore reduce private saving.

Domestic Investment

With tariffs making Chinese goods more expensive, domestic companies will see the demand for their goods and services increase. This will spur new investment into domestic companies in order to capitalize on this increased demand.

Government Deficit

In the short run, the Government deficit will decrease because the revenue collected from tariffs will offset some Government spending.

In the long run however, companies would see their profits dwindle as they face higher input costs which would mean that the taxes which are the main source of Government revenue will decrease which would increase the Government deficit.

When the perpetual inventory system is used, the inventory sold is debited to

Answers

The journal? Ambiguous question

The MRP input storing information on the status of each item by time period (e.g., scheduled receipts, lead time, lot size) is the:

Answers

Answer:

inventory records

Explanation:

The development and application of MRP was based upon on the recognition of the difference between independent and dependent demand, and computers.

The output of MRP is a schedule of requirements for all parts and end items.

Inventory records is simply known to be a form used during a periodic inventory to record information about each item of merchandise on hand or in store.

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