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GaryK [48]
3 years ago
13

Suppose you have a credit card bill of $1,275 for the month of October. if you pay the full balance before your is due, how much

will you pay in interest?
Business
1 answer:
algol133 years ago
6 0

Answer: No interest will be paid

Explanation:

Once full payment is made before the due repayment date on credit card, interest is not charged.

You might be interested in
2. Efficiency and effectiveness (Connect, Perform) Read the scenario and then complete the sentence with the correct term. Manag
Annette [7]

Answer:

When telling a friend about your new job, how would you describe this company’s operations?

Neither effective nor efficient

Explanation:

The company's operations will be considered effective if they achieve objectives.  But they do not produce the desired results because drivers often get the wrong addresses, making freights not to arrive at their destinations.  Similarly, the company's operations cannot be described as efficient because trucks go out half full with wrong addresses.  This is a waste of time, money, and efforts, and the performance competence of the company is questionable.  Efficient operations accomplish results with the least amount of resources.  Effective operations achieve desired results successfully.

4 0
3 years ago
ABC Company issues 10%, 15-year bonds with a par value of $280,000 and semiannual interest payments. On the issue date, the annu
Sloan [31]

Answer and Explanation:

1. The computation of issuer's cash proceeds is shown below:-

Cash proceeds = Par value × Selling price

= $280,000 × 117.25%

= $328,300

2. The computation of total amount of bond interest expense is shown below:-

30 payment of $14,000 = $420,000

Semi-annual interest payment = Par value × Issued percentage ÷ 2

= $280,000 × 10% ÷ 2

= $14,000

Total repayment = $420,000 + $280,000

= $700,000

Total bond interest expense = Total repayment - amount borrowed

= $700,000 - $328,300

= $371,700

3. The computation of the amount of bond interest expense is shown below:-

Amount of bond interest expense = Semi-annual interest payment + Discount amortization

= $14,000 + ($280,000 - $328,300) ÷ 30

= $14,000 -$1,610

= $12,390

Since it is semi annual so we half the rate and doubles the time period

7 0
3 years ago
A product has a demand of 4000 units per year. Ordering cost is $20 per order, and holding cost is $4 per unit per year. The EOQ
MrRissso [65]

Answer:

the Annual inventory cost is $800.

Explanation:

The computation of the total annual inventory cost is given below:

Demand, D = 4000

Order cost, S = $ 20

Holding cost, H = $ 4

So,

EOQ = sqrt(2 ×D × S ÷ H)

= sqrt(2 × 4000 × 20 ÷  4)

= 200

Now

Annual inventory cost = Annual setup cost + Annual holding cost  

= (D ÷ Q × S) + (Q ÷ 2 × H)

= (4000 ÷ 200 × 20) + (200 ÷ 2 × 4)

= 400 + 400

= $800

hence, the Annual inventory cost is $800.

4 0
3 years ago
During the current year, Ecru Corporation is liquidated and distributes its only asset, land, to Kena, the sole shareholder. On
statuscvo [17]

Answer:

c. Kena recognizes a gain of $30,000

Explanation:

cash  650,000 debit

  land 250,000 credit

  gain at disposal 350,000 credit

liabilities 500,000 debit

        cash        500,000 credit

Then, the company will close all account and leave kena account with a capital of 150,000 to mathc the remaining 150,000 cash

as her basis is 120,000 there will be a gain for 30,000

4 0
3 years ago
If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
Lubov Fominskaja [6]
1620
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!
4 0
2 years ago
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