All categories

3 years ago

PLEASE HELP!!!

Business

2 answers:

lilavasa [31]3 years ago

8 0

The answer will be B. It increased

telo118 [61]3 years ago

4 0

Answer: The correct answer is choice B.

Explanation:

The debt ratio is the amount of credit that you are using of your credit limits, divided by the total credit limit. In this case, it is calculated by the following formula:

(990.34 + 2,365.78 + 5,897.65) / (3,500 + 4,600 + 8,000)

Debt ratio= 9,253.77 / 16,100

Debt ratio= 57.5%

If they pay off the lowest card and then close the account the calculations will be the following:

(2,365.78 + 5,897.65) / (4,600 + 8,000)=

8,263.43 / 12,600=

Debt ratio = 65.6%

By paying off the account and closing it the debt ratio increased. By closing the account you owe a higher percentage of your total balance then you did before closing the account.

You might be interested in

The town of Draper, with a population of 20,000, sits adjacent to State University, which has an enrollment of 27,000 students.

madam [21]

Answer: See explanation

Explanation:

a. Let the break even sales be represented by x.

Firstly, we will calculate the total fixed cost which will be:

Investment = $4.5million/30 = $150,000

Add: Annual labor cost = $140,000

Add: Interest = 8% × $4.5million = $360,000

Total Fixed cost = $650000

The total variable cost will be: = 0.60 × x = 0.60x

Therefore, total cost:

= fixed cost + variable cost

= 650000 + 0.60x

Total revenue = Selling price × sales

= 3.20 × x = 3.20x

Break even point will now be:

Total revenue = Total cost

3.20x = 650000 + 0.60x

3.20x - 0.60x = 650000

2.60x = 650000

x = 650000/2.60

x = 250000

Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.

b. The approximate number of cars that would have to park in the lot on a daily basis will be:

= 250000/365 days

= 684.91

=685 cars

6 0

3 years ago

An investor purchases 1,000 mutual fund shares with a Net Asset Value of $10 each, where the fund imposes a 5% contingent deferr

Ad libitum [116K]

Answer:

B. $9,600

Explanation:

Calculation to determine the amount he or she will receive

Amount Received=(1000*$10)*[100%-( 5% contingent deferred -1%Decrease in sales charge)

Amount Received=$10000-(100%-4%)

Amount Received=$10000*96%

Amount Received=$9,600

Therefore he or she will receive $9600

4 0

3 years ago

There are ten polluting firms, Firm1,. . . ,Firm10. Each firm emits 100 pounds of pollution prior to any regulations (so there a

aleksklad [387]

Answer:

Answer for the question:

There are ten polluting firms, Firm1,. . . ,Firm10. Each firm emits 100 pounds of pollution prior to any regulations (so there are currently 1,000 pounds being emitted). Each firm has constant marginal abatement costs, but the costs vary across firms. Conveniently, the firms’ names indicate their marginal abatement costs. Firm1’s marginal abatement costs are constant at $1 per pound, Firm2’s marginal abatement costs are constant at $2 per pound,. . . , and Firm10’s marginal abatement costs are $10 per pound.

a. Suppose the regulator wants to achieve a 25% reduction in pollution (250 pounds). What is the cost effective allocation of emis- sions across the ten firms?

b. What are the total abatement costs for society to achieve a 250 pound reduction in emissions?

c. The marginal damage of pollution in this city is given by MD= 4-1/250 X, where X is the total reduction in pollution. What is the optimal level of pollution?

is given in the attachment.

Explanation:

8 0

3 years ago

you are a trust fund baby, but you cannot touch your money until you are 30. you are now 21 and want to plan for your future bas

meriva

Answer:

Explanation:

30 - 21 = 9 years

r = 3% inflation

FV = 25,000

We know that FV = PV(1+r)^n

25,000 = PV(1+0.03)^9

PV = 25,000/ 1.3047731

PV = 19,160.42, this is how much it worth today

6 0

3 years ago

Henry wants customers in his specialty tobacco store to feel at home, as if they were in their personal smoking den. He uses lig

garik1379 [7]

Answer:

Promotion.

Explanation:

The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty. Promotion is also one of the elements in the promotional mix or promotional plan.

3 0

3 years ago