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avanturin [10]
3 years ago
14

You have four credit cards. each has a balance of $450.00, but their credit limits are $800.00, $1,200.00, $1,300.00, and $1,500

.00. paying off and closing which card would decrease your debt ratio?
a. the $1,500.00 limit card

b. the $800.00 limit card

c. the $1,200.00 limit card

d. the $1,300.00 limit card
Business
2 answers:
Lady_Fox [76]3 years ago
5 0

The answer is:

b. the $800.00 limit card

swat323 years ago
3 0

the answer is b)$800.00

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A decrease in the long-run average total cost as output increases is due to rev: 06_26_2018 Multiple Choice the law of diminishi
Pepsi [2]

Answer:

The correct answer is economics of scale.

Explanation:

Economies of scale can be defined as the cost advantage experienced by the firms when they increase their output level. As the cost of production gets spread over a large quantity of output the average cost declines.  

These costs can be both variables as well as fixed. Economies of scale can be both internal as well as external.  

Size of business affects the economies of scale, larger the firm the more will be savings on cost.  

4 0
3 years ago
Determine the monthly payment of a loan for $3,000 at 7. 5% interest compounded monthly for 36 months. A. $93. 32 b. $95. 40 c.
den301095 [7]

The correct statement is that the monthly payment of a loan of $3000 will be $104.11. The calculations obtained are not relevant with the options of the statement quoted above.

The calculations can be done by applying the values to the formula of compounded interest and then further multiplying the values obtained with the number of monthly payments.

<h3>Calculation of Compounded Monthly Payments </h3>

  • The formula to calculate compound interest is as below.

  • \rm Compounded\ Annuity= 3000(1+ \dfrac{0.075}{12})^1^2\ ^x\ ^3\\\\\\\rm Compounded\ Annuity= 3000(1+ 0.00625)^3^6\\\\\\\rm Compounded\ Annuity= $3754.11

  • The values obtained will now be derived into the following formula,

  • \rm Compounded\ Payments = \dfrac{Annuity}{No.\ of\ Monthly\ Payments}\\\\\\\rm Compounded\ Payments = \dfrac{3754.11}{36}

  • Continuing further,

  • \rm Compounded\ Payments= \$104.11

So, it is clear that the compounded monthly payments will be $104.11.

Hence, the monthly payment of loan for 36 months will be $104.11 which will be paid monthly at the rate of 7.5%.

To know more about Compounded payments, click the link below.

brainly.com/question/8441564

6 0
2 years ago
washington enterprises had net income of $1,000,000, invested $150,000 in fixed assets, paid $50,000 in dividends, and took depr
zhuklara [117]

Washington enterprises had a net income of $1,000,000, invested $150,000 in fixed assets, paid $50,000 in dividends, and took depreciation expense of $80,000 the free cash flow was $9,30,000

Free Cash Flow is the cash an agency generates after taking into account coins outflows that help its operations and maintain its capital assets. In different phrases, unfastened cash goes with the flow of the cash left over after an organization will pay for its running prices and capital fees.

To calculate free cash flow use the formula:

Free cash flow = Net income + Depreciation - Fixed capital

Given,

Net income = 10,00,000

Depreciation = 80,000

Fixed capital = 1,50,000

Putting the values in the formula

Free cash flow = 1000000 + 80000 - 150000

Free cash flow = $9,30,000

Free Cash Flow measures an organization's financial overall performance. It suggests the coins that a corporation can produce after deducting the purchase of property together with assets, devices, and different most important investments from its operating cash flow activities.

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7 0
2 years ago
At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally
stiks02 [169]

Answer:

Effect on income= $0

Explanation:

<u>Because the company has excess capacity and it is a special offer that would not affect normal sales, we will not include the fixed costs.</u>

Effect on income= total sales revenue - total variable cost

Effect on income= 24*4,960 - (20 + 4)*4,960

Effect on income= $0

8 0
2 years ago
Durable ceramics, inc., provides inexpensive ceramic tile to builders of institutional buildings such as schools, prisons, and p
anzhelika [568]

Answer:

d. cost-less will go out of business, and durable will gain higher power over its customers.

Explanation:

Durable ceramics, inc will only reduce its prices if this is to its advantage. We live in a capitalist world where companies make decisions based on their own benefits. In this case, in order for Durable ceramics, inc to lower its prices and have no losses, it would expand its sales. In this way, Durable ceramics, inc would be able to capture customers from its competitors, and could make them go bankrupt.

Thus, we can conclude that if Durable ceramics, inc reduced its prices, Cost-Less would go out of business and Durable would gain greater power over its customers.

5 0
3 years ago
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