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shtirl [24]
2 years ago
12

Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their statements. If the APR is

stated to be 20%, with interest compounded daily (365 days in a year), what is the card's effective annual interest rate?
Business
1 answer:
4vir4ik [10]2 years ago
4 0

The effective annual interest rate would be 19.5%.

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Kaye Blanchard is 50 years old. She has $48,000 of adjusted gross income and $11,600 of qualified medical expenses. She will be
Mariana [72]

Answer:

$6,800

Explanation:

Calculation for How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)

Tax deduction=$11,600-(10%*$48,000)

Tax deduction=$11,600-$4,800

Tax deduction=$6,800

Therefore the amount of tax deduction that Kaye will be able to deduct (assume 10% floor for deduction) is $6,800

6 0
3 years ago
According to the law of comparative advantage, what should be the distinguishing characteristics of the goods a nation imports?
aliina [53]

Answer:

The correct answer is option C.

Explanation:

The law of comparative advantage states that a country will produce and export the commodity it has a comparative advantage in producing.  

In other words, if the country can produce good cheaply or at a lower opportunity cost.  

The good that cannot be produced cheaply or has a higher opportunity cost will be imported from the country that produces it cheaply.

6 0
3 years ago
Groups of related business activities such as the acquisition of merchandise and payment of vendors are called:_________
liraira [26]

Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.

A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.

A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.

Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.

To know more about transaction cycle here

brainly.com/question/13445906

#SPJ4

3 0
1 year ago
An advantage of the _____ costing method is that the cost of goods sold approximates its current cost.
Komok [63]

Answer:

weighted average

Explanation:

An advantage of the weighted average costing method is that the cost of goods sold approximates its current cost. This is mainly due to the fact that the cost of each unit is made equal to the same cost of all units that are currently available for sale during that extended period of business. Therefore approximating its total current cost.

8 0
3 years ago
If a researcher asks a consumer why s/he wants to buy a Nokia cell phone, and learns, "They look well built" (attribute); then a
ra1l [238]

Answer:

D. laddering

Explanation:

6 0
3 years ago
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