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Nadya [2.5K]
3 years ago
12

A credit card issuer charges an apr of 13.50%, and its billing cycle is 30 days long. what is its periodic interest rate?

Business
2 answers:
Serga [27]3 years ago
8 0
Let’s just say that the entire year is 365 days. So, we need to divide the APR (13.50%) to 365. This gives us a value of 0.037% and since the the billing cycle is 30 days, we need to multiply 0.037% to 30 to get it’s periodic interest rate. Therefore, the periodic interest rate is 1.11%.
slavikrds [6]3 years ago
4 0

The answer is 1.11% Apex

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Answer:

A, B, and D

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Which of the following statements is correct?A. Wide variations in capital structures exist both between industries and among in
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Answer: Wide variations in capital structures exist between industries and also between individual firms within industries and are influenced by unique firm factors including managerial attitudes.

Explanation:

Out of the options that are given in the question, the correct option is that wide variations in capital structures exist between industries and also between individual firms within industries and are influenced by unique firm factors including managerial attitudes.

All the other options are false. Debt-to-total-assets ratios varies much among different industries.

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3 years ago
Centerpiece Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operation
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Question Completion:

Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data of Centerpiece Arrangements.) Prepare the income statement of Centerpiece Arrangements for the year ended December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Net Income

i Data Table $ $ Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2018 6,500 92,000 800 13,000 7,000 6,400 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 42,000 2,600 2,500 4,500 3,500 27,600 5,200

Answer:

Centerpiece Arrangements

Income Statement for the year ended December 31, 2024:

Service Revenue                       $92,000

Expenses:

Insurance expense $6,500

Utilities expense              800

Rent expense                 13,000

Salaries expense        42,000

Total Expense             $62,300

Net Income                     $29,700

Explanation:

a) Data:

Trial Balance as for December 31, 2024:

                                           $           $

Insurance Expense        6,500

Service Revenue                         92,000

Utilities Expense               800

Rent Expense               13,000

Common Stock                              7,000

Cash                              6,400

Retained Earnings,

 January 1, 2018                           5,200

Salaries Expense       42,000

Accounts Payable                        2,600

Office Supplies            2,500

Dividends                     4,500

Accounts Receivable  3,500

Equipment                27,600

Total                      $106,800 $106,800

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Answer:

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Answer:

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