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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%

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Happy Maids has an opening balance in its supplies account of $1,600 and purchases $1,800 of supplies during the year. A year-en
REY [17]

Answer:

Debit supplies expense $2,200

Credit office supplies $2,200

Explanation:

The beginning balance of $1,600 plus the purchases of $1,800 makes an available office supplies balance for the period in the amount of $3,400. A year-end physical count of $1,200 constitutes the remaining supplies balance at the period after they used up the $2,200 portion ($3,400 - $1,200). The appropriate journal entry at the year end is to recognize the expense portion of the supplies. Therefore, we have to debit supplies expense and credit office supplies in the amount of $2,200.

3 0
3 years ago
Around the time Adam Smith published “Wealth of Nations”, what was the economic system favored by most European elites called?
ioda

Answer:

A

Explanation:  Mercantilism

3 0
3 years ago
Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's
katrin2010 [14]

Answer:

$50,820

Explanation:

Current Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expense

= $43.10 + $8.20 + $1.20 + $2.00 = $54.50 per unit  

Variable cost per unit for special order = $54.50 - $1.30 = $53.20 per unit  

Selling price per unit for special order = $77.40 per unit  

Contribution margin per unit for special order = $77.40 - $53.20 = $24.20 per unit  

Number of units for Special order = 2,100 units  

Monthly financial advantage for special order = $24.20 * 2,100 units = $50,820

Hope this helps!

7 0
4 years ago
What is meant by reconciliation, and how can it be useful as an input to staff ing planning? wuizlet
umka21 [38]

entails accepting predicted gaps and their most likely causes. They can be helpful in identifying areas to concentrate on and in responding to projected results for the organisational unit.

What is Staffing Planning?
A staffing plan is a strategic planning process used by a business to evaluate and identify its personnel needs (usually under the direction of the HR team). In other words, a solid staffing plan aids in your understanding of the quantity and variety of personnel your business requires to achieve its objectives.

To learn more about Staffing Planning
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7 0
2 years ago
The leader's decision choices in the vroom-jago leader – participation model are authority, consultative and __________.
ohaa [14]
<span>The leader's decision choices in the vroom-jago leader – participation model are authority, consultative and groups.

This leadership model is about how a leader should make a decision by themselves or using a group to consult. They are very rational leaders and are trying to make the best overall decision for the team. 
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3 years ago
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