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3 years ago

The annual percentage rate on a credit card determines

Business

1 answer:

Digiron [165]3 years ago

6 0

My answer -

it determines how much they charge you in interest if you carry a balance. Lower is better. The percentage interest is what they charge you each month, “annual percentage rate” is what you’re paying if you keep that balance for a year. It’s slightly different because in that year, you’re also paying interest on the amount of interest (compound interest) you owe in the previous months.

Not carrying a balance means that you don’t pay interest.

p.s

Let me know if you need anymore help on brainly so I can help you again. Have an AWESOME!!! day :^)

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A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at

Dafna1 [17]

Answer:

c:40:1 OR B:32:1

Explanation:

3 0

3 years ago

Kim hires michelle to go to the art gallery and purchase a specific painting for him. the painting costs $1,500. because this is

svetoff [14.1K]

<span>Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.</span>

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3 years ago

A company currently has a 51 day cash cycle.Assume the firm changes its operations such that it decreases its receivables period

Ganezh [65]

Answer:

E) 51 days

Explanation:

Calculation of length of the cash cycle after the changes.

As given:

Current cash cycle = 51 days.

Decreases its receivables period by 3 days

Increases its inventory period by 4 days.

Increases its payables period by 1 day.

Hence,

Cash cycle = 51 days - 3 days + 4 days- 1 day

Cash cycle = 51 day

Therefore the cash cycle after the changes will be 51 days

5 0

2 years ago

Harris, while delivering parts to a customer for his employer, negligently ran into and injured Wolfe. Harris had been asked by

kolezko [41]

Answer:

C) Wolfe can hold either Harris or the employer or both liable.

Explanation:

Since Harris was acting within the scope of his employment, then he and his employer are liable for the injuries that Wolfe suffered. Wolfe can decide to recover from either of them (generally the employer would be chosen) or from both parties, there is no legal limitation.

It doesn't matter who owns the vehicle, what matters is what was Harris doing at the time of the accident; he was performing tasks on behalf of his employer.

If Wolfe died, Harris could face criminal charges, but his employer still would be liable in a civil case.

5 0

3 years ago

Read 2 more answers

The following is a partially completed departmental expense allocation spreadsheet for Brickland. It reports the total amounts o

Ilia_Sergeevich [38]

Answer:

$8,319

Explanation:

Computation for the amount of Maintenance department expense to be allocated to Fabrication

First step is to calculate the total sum of square foot space

Using this formula

Total sum of square foot space = Fabrication square foot space + assembly square foot space

Let plug in the formula

Total sum of square foot space= 3,450 + 2,500

Total sum of square foot space= 5,950

Now let calculate the amount of Maintenance department expense to be allocated to Fabrication

Maintenance department expense = $ 19,800 × 2,500 ÷ 5,950

Maintenance department expense = $ 19,800 × 0.42017

Maintenance department expense = $8,319

Therefore the amount of Maintenance department expense to be allocated to Fabrication is $8,319

8 0

3 years ago