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
Alisiya [41]
4 years ago
8

At the Penalty APR rate of 28.99% and a balance of about $1800, approximately how much interest would you owe in one month?

Business
1 answer:
Gnom [1K]4 years ago
5 0

Answer:

you owe $43.47 in one month

Explanation:

Daily Interest (for one month) = Balance × APR rate × [number of month / Total month in a year]

Daily Interest = $1800 × 28.99% × 1/12

                      = $1800 × 0.2899 × 0.0833

                      = $43.47

You might be interested in
The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has
Darya [45]

Answer:

The correct answer is option 4.  

B. The correct answer is option 3.  

Explanation:

The seaport town here became extremely popular with shipping countries due to its location. It increased the demand for docking at the port. As a result, the port became congested and ships must wait for hours. This is an example of market failure.

Here, the market is not able to efficiently allocate the product. The demand for the port is higher than what the market is able to supply efficiently.  

A command economy can be defined as the economy in which the activities are controlled by any central agency, generally a government.  

The Mayor instead of controlling if tries to solve the problem through the working of the market forces then it would be farthest from a command economy. If Mayor intervenes in any way then it is a command economy.  

6 0
3 years ago
Suppose two factors are identified for the U.S. economy: the growth rate of industrial production, IP, and the inflation rate, I
sleet_krkn [62]

Answer:

17.6%

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the rate of return on the stock by using following formula:-

Expected Provide Rate of Return = Estimate Rate of Return on the Stock + (Expected IP × Stock with a Beta on IP) + (Expected IR × Stock with a Beta on IR)

Before estimate rate of return on the stock

= 16% = α + (4% × 1) + (5% × 0.6)

= 16% = α + (0.04 × 1) + (0.05 × 0.6)

= 0.16 = α + 0.04 + 0.03

= 0.16 - 0.04 - 0.03 = α

α = 0.09 =9%

Rate of return after the changes

= 9% + (5% × 1) + (6% × 0.6)

= 0.09 + 0.05 + 0.036

= 0.176

= 17.6%

According to the analysis, New rate of return on the stock is 17.6%

8 0
3 years ago
Which of the following best explains why market prices are useful to a financial manager when performing a costminusbenefit ​ana
DerKrebs [107]

Answer:

Option (C) is the correct answer to this question.

Explanation:

A cost-benefit analysis is a method that organizations use to assess decision making. The company or financial provision up the advantages of a circumstance or intervention but instead deducts the risks of taking the steps. Some consultants or analysts are now developing models for assigning a dollar value to intangible products, such as the advantages and costs of living in a certain town

Other options are incorrect because they are not related to the given scenario.

5 0
3 years ago
Suppose that, for every 1-percentage-point decline in the discount rate, commercial banks collectively borrow an additional $2 b
Mariana [72]

Answer:

reserves will be  0.1 billion

Explanation:

given data

discount rate  = 1 %

borrow = $2 billion

reserve ratio = 10%

discount rate= 4.0% to  3.5%

to find out

bank reserves will be

solution

we know here discount rate is  1 % with borrow additional $2 billion and reserve ratio is 10%

and here discount rate is 0.5 % for 4% to 3.5 %

so here we can say bank will borrow $2 billion × 0.5

bank borrow  = $1  billion

and

here bank reserves increase that is 10% ×  $1  billion

so  reserves will be 0.10 ×  $1  billion = 0.1 billion

3 0
4 years ago
Accrued salaries owed to employees for October 30 and 31 are not considered in preparing the financial statements for the year e
alexgriva [62]

Answer:

Indication of items erroneously stated on:

A) the income statement for the year

Salaries Expense will be understated.

Therefore, the Net Income will be overstated.

B) the balance sheet as of October 31:

Salaries Expense Payable (current liabilities) will be understated.

Explanation:

When accrued salaries are not accounted for in the financial statements for an accounting period, it means that the revenues generated for that period are not being matched with the expenses incurred in generating the revenues.  Such omission does not agree with the accrual concept and the matching principle of generally accepted accounting principles.  These require that expenses are accrued whether paid for or not, and that expenses are matched to the period's revenue since they are necessarily incurred in generating such revenue.

7 0
3 years ago
Other questions:
  • What is the main goal of people who work in the career field of human services
    9·2 answers
  • One use of inventory is A. to provide a hedge against inflation. B. to tightly synchronize production and distribution processes
    12·1 answer
  • Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour a
    15·1 answer
  • Which phrases offer the MOST vivid descriptions in this student's narrative about some children's experiences at an attraction a
    7·1 answer
  • Hundreds of clothing stores closed in new york city this year. the supply of clothes, at each price level, will _____. increase
    9·2 answers
  • MTB Industries currently pays an annual dividend of $1.50 per share, and it is expected that these dividend payments will contin
    6·1 answer
  • PLEASE HELP ME!!
    14·1 answer
  • Information related to Riverbed Co. is presented below.
    15·1 answer
  • Transparency refers to
    8·1 answer
  • Why does each generic business model require a different set of business-level strategies?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!