Answer:\
Because high-income households pay a larger share of their income in total federal taxes than low-income households, federal taxes reduce income inequality. But federal taxes have done little to offset increasing income inequality over the past 40 years.
Explanation:
Answer:
A
Explanation:
Payday loans, also known as cash advances, are short-term, low-balance, high-interest loans typically at usury rates that are so-named because of a tendency for the funds to be borrowed on a post-dated check that is cashed on the borrower's upcoming payday. These loans are designed to be quick and easy and generally, have very limited qualification loan requirements. They are intended to help consumers get some quick cash to hold them over until their next paycheck, hence the name “payday loan.” Payday loans are also called cash advance loans, deferred deposit loans, post-dated check loans, or check advance loans.
Answer:
16.31 times
Explanation:
The computation of the inventory turnover is shown below:
Inventory turnover ratio = Cost of goods sold ÷ average inventory
where,
Cost of goods sold is $20,720
And, the average inventory is $1,270
So, the inventory turnover ratio is
= $20,720 ÷ $1,270
= 16.31 times
All other information that is given in the question is not relevant. Therefore, we ignored it
Answer:
Robert's interest rate is 91.46%.
Explanation:
Given that Robert has $ 645.42 on his credit card balance, but the payment he needs to make to bring his balance to $ 0 is $ 1235.18, the interest rate for non-payment that he has in his account is as follows:
645.42 = 100
1235.18 = X
((1235.18 x 100) / 645.42) = X
191.46 = X
Therefore, since 191.46 - 100 is equal to 91.46, the interest rate that this account has is 91.46%.