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deff fn [24]
3 years ago
14

Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month

Business
2 answers:
zaharov [31]3 years ago
5 0

Answer:

Annual Percentage Rate

Explanation:

When borrowing money, the credit card interest rate is the amount that will be paid.

When the credit card interest rate is being paid on a yearly basis, then it becomes an Annual Percentage Rate.

As said earlier, the Annual Percentage Rate is on a yearly basis, so the actual rate the interest build up will be divided by 365.

For example,

If APR = 10%, then the interest that will be charged is 10%/365 which equals 0.027% (Approximated) interest rate on your outstanding daily balance

snow_tiger [21]3 years ago
3 0
The answer is Annual Membership Fee.<span />
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Suppose the required reserve ratio is 20 percent, and the Fed buys $1 million worth of bonds from the public. If the public depo
777dan777 [17]

Answer:

Increase directly by $1 million and an additional lending capacity of $4 million will be created for the banking system.

Explanation:

The formula for increase in money supply is

Increase in money supply = (1 / Required reserve ratio) * Excess reserve.

Now, we have, required reserve ratio of 20%.

That means, out of $1 million deposit, required reserve = ($1,000,000 * 0.20) = $200,000.

Now, we knew that, Total reserve = required reserve + excess reserve

Total Reserve = $1,000,000 and required reserve = $200,000.

So, Excess reserve = $1,000,000 - $200,000 = $800,000.

Now, Increase in money supply = (1 / 0.20) * $800,000 = $4 million.

That means,

If the public deposits this amount into transactions accounts, the money supply will:

Increase directly by $1 million and an additional lending capacity of $4 million will be created for the banking system.

7 0
3 years ago
4 of 50 (3 complete)
Fantom [35]

Answer:

  • <em>The slope of the demand curve at point A is   </em><u><em> </em></u><u>- $0.40/unit</u>

  • <em>The slope of the demand curve at point B is     </em><u>- $0.14/unit</u>

Explanation:

See the file attached with the figure corresponding to this question.

<em>The slope of a curve</em> at a given point is the slope of the line tangent to the curve at that point.

<em><u>Point A:</u></em>

The tangent line to the <em>demand curve at point A is</em> drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:

  • slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units

  • slope = - $10 /25units = - $2/5units = - $0.40/unit.

The minus sign indicates the that price decreases when the quantity increases

<u><em>Point B:</em></u>

<em>The tangent line to the demand curve at point B</em> passes through the points (90, 12) and (140, 5).Then, the slope is:

  • slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units

  • slope = - $7 /50units = - $7/50units = - $0.14/unit.

Again, the negative sign indicates that when the number of units increase the price decreases.

3 0
3 years ago
There are many ways to cash-flow your college education without going into debt. Provide a minimum of five options for cash-flow
Ghella [55]
<span>1. Get a part-time job.
</span>Many college campuses have opportunities to work to earn some extra money or a chance for your work to convert into money towards your tuition.<span>You can have your paycheck be directly deposited into your bank account so you don’t have to worry about cashing a paper check, and if you get a checking account, you can get a debit card to use your money at school for food, books, and other necessities.
</span>2. Sell your notes and study guides on Flashnotes.
Flashnotes is a way to make money doing something you will be doing anyways! This is a great way to help students, review your class material and make money, all at the same time.<span>Typing out the notes will help you remember what you learned, and reading something in someone else’s “voice” will help other students learn better since they are learning from their peers. Sell your papers through social medias and you can then send it through email or blog.
</span>3. Enter sweepstakes.
Many popular stores have surveys that you can take after you make a purchase. Many times, you get a coupon for a percentage off, but some surveys get you entered to win gift cards to the store. This is especially helpful if you shop there and if you typically buy living necessities at the store.

While winning is not guaranteed, if you shop there a lot, you may be able to get entered several times, increasing your chances of winning, compared to those who may not shop there a lot or even those who do not choose to take the survey.

4. Earn gift cards through online rewards websites and apps.

There are websites and apps that allow you to earn points that can be redeemed for gift cards. These sites and apps include Swagbucks<span>, </span>InstaGC<span>, </span>Inbox Dollars<span> and </span>ePoints. Points are earned through taking surveys, playing games, watching videos, and other activities.

Each activity has a specific point amount and they accumulate until you decide that you want to cash them in. Many of these sites give points for online shopping or signing up for offers, but do not sign up and pay for something that you do not really need, since that defeats the purpose.

5. Get paid to write reviews online.
There are websites, like SliceThePie.com, that pay you for reviewing the latest fashions and music. The longer and better your reviews, the more you get paid.

For example, on SliceThePie, while the maximum is typically nine cents per review, there are certain specials that allow you to get paid more. This usually happens on fashion reviews, but some music is occasionally higher paying.

Also, the more stars you have, the more you get paid. Stars are earned through predicting hits. While this is not a means of getting rich quickly, it definitely adds up after you go at it for a while. You can cash out once you reach ten dollars, and you get paid through your PayPal account.

7 0
3 years ago
Milo Millworks Incorporated has maintained a sustainable competitive advantage for its framing style. In order to accomplish thi
photoshop1234 [79]

In order to accomplish this, the framing style must be difficult to substitute for.

<h3>What is Competitive advantage?</h3>

Competitive advantage can be defined as the way in which a company produce or manufacture more goods or product and sell those goods produce at lesser rate so as to  increase their sales than that of  their market competitors.

Based on the scenario in order for Milo Millworks to accomplish the competitive advantage  for their framing style, the framing style must be difficult to substitute for.

Therefore the framing style must be difficult to substitute for.

Learn more about Competitive advantage here:brainly.com/question/26514848

#SPJ1

3 0
2 years ago
January 1, 2016, Karev Corporation granted options to purchase 5,300 of its common shares at $6 each. The market price of common
sergey [27]

Answer:

$1.64 per share

Explanation:

The computation of Number of Shares for computing Diluted Earning per share is shown below:-

Proceeds expected = 5,300 × $6

= $31,800

No. of Shares re-purchased = $31,800 ÷ $11

= $2,891 (rounded)

Net Effect of Stock Option = 5,300 - $2,891

= 2,409 shares

Number of Shares for computing Diluted Earning per share = Outstanding shares + Net Effect of Stock Option

= 71,105 + 2,409

= 73,514

Diluted earnings per share for the quarter = Net income for the quarter ÷ Number of Shares for computing Diluted Earning per share

= $120,805 ÷ 73,514

= $1.64 per share

So, for computing the Number of Shares for computing Diluted Earning per share we simply applied the above formula.

8 0
3 years ago
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