The credit card company will pay an amount totaling to approximately $82.45 to the department store after deducting its fees of 2.75% of the transaction amount.
For the information provided above, the computation of the amount to be charged by the credit card company as its fees to the department store for a purchase of $84.79 will be calculated as below,
Credit Card Fees = Transaction Amount – Fees
Credit Card Fees = 84.79-2.75%
Credit Card Fees = 84.79 -2.34
Credit Card Fees = 82.45
Therefore, the credit card company will pay $82.45 to the department store.
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Answer:
0.5
Explanation:
A screenshot is attached to get the full solution
Since the coefficient is < 1, it is inelastic
Answer:
B
Explanation:
Standard is used for unit projection and unit prices of a product, while Budget is used for total projection in both price and Total units of a product.
Answer: $20,000
Explanation:
To calculate Citicorp's profit or loss we can use the following formula,
The Citigroup's profit is computed as shown below:
= Exercise Price - Spot Price + Premium received
= $ 0.59 - $ 0.60+ $ 0.02
= $ 0.01 per euro is Citicorp's profit.
Total profit will therefore be:
= $ 0.01 x 2,000,000
= $ 20,000
$20,000 is Citicorp's profit on the call option.
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