1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Monica [59]
3 years ago
6

The opening balance of one of the billing cycles for Rusty's credit card was $603. If he makes a payment during the billing cycl

e but doesn't make any new purchases, which of these is an accurate statement?
A. Rusty will pay less interest with the adjusted balance method and the average daily balance method, but not with the previous balance method.
B. Rusty will pay less interest with the average daily balance method, but not with the adjusted balance method or the previous balance method.
C. Rusty will pay less interest with the average daily balance method and the previous balance
Business
2 answers:
IRISSAK [1]3 years ago
8 0
<span> Rusty will pay less interest with the adjusted balance method and the average daily balance method, but not with the previous balance method.</span>
valina [46]3 years ago
7 0

Answer:

<em><u>The answer is</u></em>: <u>A. Rusty will pay less interest with the adjusted balance method and the average daily balance method, but not with the previous balance method.</u>

<u />

Explanation:

<u>Average daily balance</u>: This is the most commonly used method. Your credit card issuer calculates your balance each day in the billing cycle. Each day, they add new charges and subtract payments from their existing balance.

<u>Adjusted balance</u>: With this method you will normally pay less in interest than with other methods.

<u>Previous balance</u>: With this method, the credit card issuer charges interest on the initial account balance. This means that you will pay more in interest compared to the Adjusted Balance method.

<em><u>The answer is</u></em>: <u>A. Rusty will pay less interest with the adjusted balance method and the average daily balance method, but not with the previous balance method.</u>

You might be interested in
Overview of financial planning
VMariaS [17]

Answer:

1. Operating plan.

2. Operating plan.

3. Financial plan.

4. Dividend policy.

5. B and C.

Explanation:

1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.

2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.

3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.

4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.

Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.

Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.

Hence, the following statements are true about financial planning;

I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.

II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.

6 0
3 years ago
At meetings of the quality team, Juan is nervous about suggesting ideas
SpyIntel [72]

Answer:

The correct option is;

D. Prepare by studying problems ahead of the meeting and listening carefully

Explanation:

Positive workplace behaviors in the meetings include preparation for the meeting to make the meeting productive for you and the other participants by ensuring;

1) Understanding the purpose of the meeting

2) Find out about the meeting agenda

3) To prepare for meetings

4) Make adequate preparation for the meeting

5) Know other attendees

6) Acquire and send out relevant information

It is important to study the problems ahead of the meeting and listen carefully to avoid being the one to ask others what the meeting was for when you join the meeting

Ensure the purpose for being at the meeting is clear and the meeting agenda is well known as well as what knowledge is expected and what is to be discussed.

6 0
3 years ago
Read 2 more answers
Reddit, Digg, and StumbleUpon are examples of popular
Arte-miy333 [17]

Answer:

social bookmarking sites

Explanation:

Reddit, Digg and StumbleUpon are all Web sites dedicated to social bookmarking.

They fetch the contents from other Web sites and encourage their users to share their preferences on what they like and see all over the Internet with their friends.

They're not social networks per say because people aren't directly in contact with each other, only through their shared contents.

They're not tech blogs, because they rarely have any original contents and they're not targeting only technologies.

They're not video sites either, because they're sharing all kinds of contents.

8 0
3 years ago
An event management company is considering the position of head of customer relations. Among the group leaders, Ms Hoa Mr Lam ar
svetlana [45]

Answer:

ms Hoa

Explanation:

Ms Hoashould be chosen because she is an agile active person who has extensive relationships with customers and because the company is looking for a person to head the customer relations department she is better candidate than mr Lam

3 0
2 years ago
Read 2 more answers
brazil spent billions of dollars to host the soccer world cup and the summer olympics. the opportunity cost of hosting these eve
azamat

The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.

<h3>What is meant by opportunity cost?</h3>

This is the term that is used to talk about the foregone alternative. It is what would have to be neglected because of another choice that has to be taken.

What this means is that the money that would have been spent on other aspects of the government was spent on the world cup so the benefits that the people would have gotten from the options are lost.

Hence we can say that The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.

Read more on opportunity cost here

brainly.com/question/1549591

#SPJ1

7 0
1 year ago
Other questions:
  • For nonprofit organizations, strategy is long-term thinking related to
    14·1 answer
  • The IAC must obtain a IAC written certification with every cargo shipment
    6·1 answer
  • When the market price of a good is above its equilibrium value, and all other determinants are unchanged?
    10·1 answer
  • True or false: keynesian economists argue that the government can fight inflation by implementing expansionary fiscal policy.
    12·1 answer
  • River Enterprises has ​$505 million in debt and 22 million shares of equity outstanding. Its excess cash reserves are $14 millio
    15·1 answer
  • Give two reasons why value of norminal GDP would increase ​
    6·1 answer
  • Which pillar focuses on the ability to use IT and computing resources efficiently to meet system requirements, and to maintain t
    8·1 answer
  • According to the authors, the nature of negotiation as it applies to project management is the realization that few of the confl
    14·1 answer
  • Nano electronics company produces two products, resistors and transistors in a small manufacturing plant which had total manufac
    12·1 answer
  • The transfer of the right of recovery from the insured to the insurance company is called:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!