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miskamm [114]
1 year ago
11

You get an offer for a credit card that charges 13.99% interest APR, compounded monthly. What effective annual interest rate doe

s this credit card charge?
Business
1 answer:
nirvana33 [79]1 year ago
3 0

14.9228% effective annual interest rate does this credit card charge.

What is interest?

Interest is the fee you charge for lending money or the expense of borrowing it. The actual amount plus interest must be paid, plus a percentage.

The annual interest rate formula is

EAR=(1+r/m)m−1

r = interest

m = monthly

EAR= (1+13.99% / 12)12−1

EAR= (1+0.139912)12−1

EAR = 0.149228

EAR = 14.9228%

Hence, the significance of the interest is aforementioned.

Learn more about on interest, here:

brainly.com/question/13324776

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Because there is so much unpredictability in all supply chains, companies must use ___ to make supply chain decisions.
algol13

Because there is so much unpredictability in all supply chains, companies must use Supply Chain Management to make supply chain decisions.

<h3 /><h3>Supply Chain Management: What Is It?</h3>
  • All procedures that convert raw materials into finished commodities are included in supply chain management, which controls the movement of both goods and services.
  • Because all supply chains are inherently unpredictable, businesses must employ supply chain management to make decisions about their supply chains.
  • Businesses can reduce unnecessary expenses and deliver goods to customers more quickly and effectively by using supply chain management.
  • Creating a strategy, locating raw materials, production, distribution, and returns are the top five aspects of supply chain management.

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8 0
2 years ago
Read 2 more answers
Calculate the net debt of the company based on the information below:
galina1969 [7]

Answer:

$28,300

Explanation:

Calculation to determine the net debt

Using this formula

Net debt=(Short-term interest bearing debt +

Long-term interest bearing debt+Non-interest bearing liabilities)-Cash and equivalents

Let plug in the formula

Net debt=($ 3,000 +$25,000+$ 1,500)-$ 1,200

Net debt=$29,500-$1,200

Net debt=$28,300

Therefore Net debt is $28,300

6 0
3 years ago
A business owner paid cash for employee wages. This activity would be reported on the Statement of Cash Flows as a.as a subtract
vodka [1.7K]

Answer:

bygg  gg

Explanation:

5 0
3 years ago
Mara Kay is a system analyst for a national department store. She was tasked to identify previously unknown relationships in the
kherson [118]

Answer: Data Mining

Explanation: Mara Kay tasked with identifying previously unknown relationships in the company's sales data. This is an indication that Mara Kay will be working with pre-existing company data.  

Data Mining can therefore be defined as the examination of large pre-existing databases in order to discover/identify patterns that will be useful in generating new information.

Data Mining is also known as Knowledge Discovery in Databases.

Data Mining will not be complete if the results of the analysis are not used for future purposes, therefore, Mara Kay will use the results of her findings for future promotions.

5 0
3 years ago
Companies prefer that their working capital is a positive amount rather than a negative amount. True or false
Roman55 [17]

Answer:

True

Explanation:

The working capital is the difference between the current assets that is used in daily operations e g cash to current liabilities that are to be met in daily operations e g suppliers credit.

It's better kept at ratio 2:1 for the Company to continuously meets his obligations in order to ensure perpetuity.

5 0
3 years ago
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