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GREYUIT [131]
3 years ago
7

Monique has a balance of $5440 on a credit card with an apr of 17.7%. paying off her balance in which of these lengths of time w

ill result in her paying the least amount of interest?
Business
2 answers:
PilotLPTM [1.2K]3 years ago
8 0

Answer:

5 Months

Explanation:

Serggg [28]3 years ago
5 0
$1,136.61 a month for 5 months 
<span>1136.61 * 5 - 5440 = $243.05 in interest </span>
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Answer:

The statement is: True.

Explanation:

Audience adaptation is the technique in which speakers engage the topic they will talk about with the audience in front of them. There are four steps in achieving that engagement starting by <em>portraying the relevance of the subject, then facilitating comprehension of the topic, joining the audience with the subject, to finally provide proof to confirm the information provided is reliable</em>.

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3 years ago
Why is competition limited in an oligopoly
schepotkina [342]

Answer:

High entry costs prevent new producers from entering the market. ... Producers actively segment the market to avoid competition. High entry costs prevent new producers from entering the market.

Explanation:

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2 years ago
A company has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
Galina-37 [17]

Answer:

  • Dr Bad Debt expense 6,000
  • Cr Allowance for Doubtful Accounts account 6,000

Explanation:

The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.

But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000

That way the ending balance = $6,000 - $1,200 = $4,800

The journal entries should be:

  • Dr Bad Debt expense 6,000
  • Cr Allowance for Doubtful Accounts account 6,000

3 0
3 years ago
A proxy given to a caretaker to vote at stockholders shares is a: A power of attorney B trading authorization C discretionary au
vova2212 [387]

Answer:

A) Power of Attorney

Explanation:

When a stockholder cannot attend a corporation's annual meeting, he/she can issue a power of attorney to another person to represent him/her at the meeting and vote on his/her behalf. In business, this is called a proxy, where the individual granted the power of attorney acts as the stockholder's proxy.

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3 years ago
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, an
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Answer:

Raw Material (Dr.) $4,900

Accounts Payable (Cr.) $4,900

Factory Labor wages (Dr.) $1,400

Cash (Cr.) $1,400

Additional Overheads (Dr.) $1,300

Accumulated Depreciation (Cr.) $800

Accounts Payable (Cr.) $500

Explanation:

Work in process inventory (Dr.) $5,750

Manufacturing Overhead (Cr.) $5,750

Finished Goods Inventory (Dr.) $20,600

Work in process inventory (Cr.) $20,600

6 0
3 years ago
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