1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
klio [65]
2 years ago
5

Our credit card company quotes you a rate of 14.9%. interest is billed monthly.What is the actual rate of interest you are payin

g?
Business
2 answers:
Anna11 [10]2 years ago
8 0

Answer:

15%

Explanation:

because most company don't want to calculate interest of decimal number so they rounded it

maxonik [38]2 years ago
5 0

Answer: 15.96%

Explanation: im not sure, the rate is said in the question but there's no way its that obvious so

let the PV b = 100

fv = PV(1+r)^n

fv= 100(1+0.149/12)^12

fv= 115.96

115.96 = 100(1+I/Y)^1

1.1596 = 1+I/Y

I/Y = 0.1596, or 15.96%

You might be interested in
Why do you think wants is less important?​
viktelen [127]

Answer:

Wants is less important because you don't need it/them to survive, you can live with only your needs, you should only get your wants only if you can afford it and still have enough money for needs.

Explanation:

I don't know if that made sense lol

3 0
3 years ago
Lauren is the owner of a bakery that earns 0 (zero) economic profit. Last year, her total revenue was $145,000, her rent was $12
kow [346]

Answer: The correct answer is " a. $92,000.".

Explanation: The explicit costs are observable, that is, those that we can easily take into account and decrease our operating result (salaries paid to employees, material costs, taxes, etc.)

So her total explicit cost were: $12 000 + $65 000 + $15 000 = $92 000.

6 0
3 years ago
Swan Song is a spa that caters to the needs of a small percentage of highly health-conscious consumers. It offers state-of-the-a
Andreyy89

Answer:

The correct answer is: focused differentiation strategy.

Explanation:

The focused differentiation strategy refers to position 5 of the strategic clock. In this strategic position, companies offer products / services with a high added value perceived by customers in exchange for high acquisition prices.

Companies that offer Premium products / services as well as companies dedicated to the luxury sector have the strategy of focused differentiation as the axis of the company's operation.

Companies such as Ferrari, Rolex, Hermes, Cartier, Mont Blanc, Mercedes are examples among others.

6 0
3 years ago
Read 2 more answers
Variable costs as a percentage of sales for Lemon Inc. are 71%, current sales are $551,000, and fixed costs are $207,000. How mu
MAVERICK [17]

Answer: a.$10,904 increase

Explanation:

Operating income before sales increase:

= Sales - Variable costs - Fixed costs

= 551,000 - (71% * 551,000) - 207,000

= -$47,210

Operating income after sales increase:

Sales increases to:

= 551,000 + 37,600

= $588,600

= 588,600 - (71% * 588,600) - 207,000

= -$36,306

Difference:

= -47,210 - (-36,306)

= Increase of $10,904

7 0
3 years ago
An example of frictional unemployment is a(n):_______.
zlopas [31]

Answer:

The correct answer is letter "D": computer programmer who leaves one job and accepts a new job.

Explanation:

Frictional unemployment is one component of what economists call natural unemployment, which is unemployment caused by things other than an underperforming economy. Frictional unemployment is caused because of temporary changes in jobs. It involves cases such as new employees entering the workforce, people moving to another city and looking for a job or people leaving to seek a better one.

5 0
3 years ago
Other questions:
  • A registered representative invites 20 institutional clients to a seminar and allows each client to bring one guest. The sales s
    9·1 answer
  • It is important that the objectives established by executives for their company must be _____, or else employees will not focus
    6·1 answer
  • You are considering two independent projects that have differing requirements. Project A has a required return of 12 percent com
    15·1 answer
  • A student would like to buy cross-over SUV from a local dealer, but she thinks the payments will be too high. Marketing does not
    10·1 answer
  • Madison Finance has a total of $20 million earmarked for homeowner loans and auto loans, where x is homeowner loans in millions
    5·1 answer
  • bank run is​ ____________.A.an extraordinarily large volume of withdrawals driven by a concern that a bank will run out of liqui
    10·1 answer
  • What is the value of a loom that is expected to generate fixed annual cash flows of $3,640 every year for a certain amount of ti
    14·1 answer
  • When you would like to send an e-mail to your coworkers about planned maintenance on the network, where is the best place in the
    12·2 answers
  • the mass of an element is 27 and it's atomic number is 13. what is the composition of the nucleus of it's atom?​
    5·1 answer
  • For a plaintiff to establish that he or she has standing to sue, the plaintiff must allege ________.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!