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Alexandra [31]
3 years ago
5

Cecil has a credit card that uses the adjusted balance method. For the first 10 days of one of his 30-day billing cycles, his ba

lance was $340. He then made a purchase for $290, so his balance jumped to $630, and it remained that amount for the next 10 days. Cecil then made a payment of $150, so his balance for the last 10 days of the billing cycle was $480. If his credit card's APR is 19%, which of these expressions could be used to calculate the amount Cecil was charged in interest for the billing cycle?
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

To calculate the amount of interest that Cecil was charged we can use the following formula:

interest charged = (APR / 365) x 30 days x adjusted balance

where:

Adjusted balance = previous balance – current payments  = $340 - $150 = $190

interest charged = (19% / 365) x 30 x $190 = $2.97

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You just sold 900 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You
ehidna [41]

Answer:

d. -$4,608

Explanation:

The computation of the total capital gain is shown below:

Total capital gains is

= (End value - Beginning value) × 900 shares

= ($34.08 - $39.20) × 900 shares

= -$4,608

Hence, the  total capital gain on this investment is -$4,608

Therefore the option d is correct

And, the same is to be relevant

5 0
3 years ago
Primary data collection for a gaming software company could include the following methods except: Group of answer choices A Surv
NemiM [27]

Answer:

A gaming software report from Gartner Group, a market research firm

Explanation:

Primary data collection is when data is collected through first hand research.

Primary data collection methods include

  1. Surveys : this can take the form of questionnaires (including online questionnaires e.g. survey monkey
  2. Interviews : this includes focus group interviews and interviewing customers

Advantages of primary data collection

  1. Directly addresses the reason for data collection
  2. Provides unique insight that might be unavailable elsewhere

Disadvantages of primary data collection

  1. It can be expensive
  2. it can be time consuming compared to other methods

Secondary data collection is collecting data that has already been collected in the past e.g. A gaming software report from Gartner Group, a market research firm

3 0
3 years ago
Which of these are reasons for the increase in ethical violations among business leaders in the 21st century?
pychu [463]

Answer: The following are reasons for increase in ethical violations among business leaders in the 21 century:

1. The 24/7 news cycle place a more scrutiny on unethical behaviour.

2. Globalization allows business to operate in region where ethical risk are greater.

3. Digital communication are more susceptible to hackers and whistle blowers.

Explanation:

7 0
3 years ago
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $26,000 per year fo
USPshnik [31]

Answer:

$490,566.04

Explanation:

Calculation for how much will you pay for the policy

Using this formula

Present value of perpetuity= Investment policy Annual inflows/ Required rate of return

Let plug in the formula

Present value of perpetuity=$26,000/0.053

Present value of perpetuity=$490,566.04

Therefore the amount that you will pay for the policy is $490,566.04

4 0
3 years ago
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