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3 years ago

What does making a credit card minimum payment mean?

1 answer:

5 0

Credit card terms require you to pay at least the minimum payment by the date pointed out every month. This payment is the lowest amount you can pay on your credit card to avoid penalties. Minimum payments are usually a percentage of your outstanding balance.

Hope this helps.

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In January, Dieker Company requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and gener

Korolek [52]

Answer:

Dr Work in process inventory 2,800

Dr Factory overhead 600

Cr Raw material inventory 3,400

Explanation:

Work in process = $900 + $1,200 + $700 = $2,800

Factory overhead (supplies) is the same, $600

inventory decrease = WIP + supplies = $2,800 + $600 = $3,400

4 0

3 years ago

Vikki [24]

The variety of outputs

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3 years ago

In the linear consumption function

nordsb [41]

Answer:

i) the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).

ii) $25465.16

iii) attached below

Explanation:

Given that the equation is

^cons = -124.84 + .853 * inc

i) Interpret the intercept in this equation and comment on its sign and magnitude

intercept : the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).

The slope = .853 is positive because consumption is will increase by 0.853 whether the income rises or decreases by the value of 1

ii) Determine the predicted consumption when family income = $30000

^cons = -124.84 + 0.853 * ( 30000 )

= 25465.16

hence when family income = $30000 the predicted consumption = 25465.16

iii) Draw a graph of the estimated MPC and APC ( inc on the x-axis )

MPC = 0.853 ( constant )

APC = Cons / inc

attached below is the required graph

7 0

3 years ago

1. Mr. Knox is planning to deposit $100 per year for the next 18 years for his grandson’s birthday. If the account earns an annu

aleksandr82 [10.1K]

Answer:

a. $2953.9

b. $2813.24

Explanation:

To calculate the future value of an annuity paid at the beginning of the period, you have:

$VF = A\left[\frac{(1+i)^{n+1} - (1+i)}{i}\right] = 100\left[\frac{(1.05)^{19} - (1.05)}{0.05}\right] = 2953.9$

To calculate the future value of an annuity paid at the end of the period, you have:

$VF = A\left[\frac{(1+i)^{n} - 1)}{i}\right] = 100\left[\frac{(1.05)^{18} - 1)}{0.05}\right] = 2813.24$

Mr. Knox will have $2953.9 at the end of the 18 years, if he pays $100 at the beginning of each year. On teh other hand, Mr Knox will have $2813.24 at the end of the 18 years, if he pays $100 at the end of each year.

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4 years ago

Celestial Insurance hires college graduates and prepares them for management careers. The human resource professionals who prepa

Nataly_w [17]

Answer:

Development

Explanation: A P E X

5 0

3 years ago