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nasty-shy [4]
3 years ago
14

Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pa

y in interest for one month?
$12.68
$152.10
$15
$1.25
Business
1 answer:
anyanavicka [17]3 years ago
5 0
Hey there,

Your question states: <span>Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?

</span>1.5% of 845 is 12.675

So by round this above, your correct answer would be <span>12.68

Hope this helps</span>
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Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,000, $9,000, and $1
nika2105 [10]

Answer:

$21,435.74

Explanation:

Marko will pay as much as the discounted present value of the cash flow:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $5,000.00

time  1.00

rate  0.14000

\frac{5000}{(1 + 0.14)^{1} } = PV  

PV   4,385.9649

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $9,000.00

time  2.00

rate  0.14000

\frac{9000}{(1 + 0.14)^{2} } = PV  

PV   6,925.2078

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $15,000.00

time  3.00

rate  0.14000

\frac{15000}{(1 + 0.14)^{3} } = PV  

PV   10,124.5727

We add them together and get the total price for ABC Co

\left[\begin{array}{ccc}#&Cashflow&Discounted\\&&\\1&5000&4385.96\\2&9000&6925.21\\3&15000&10124.57\\&total&21435.74\\\end{array}\right]

8 0
3 years ago
Which product would normally be classified as a shopping good or service? multiple choice magazines a laptop computer designer w
12345 [234]

The answer is a laptop computer.

Thus, Laptop computers would be classified as homogeneous shopping products.

What is shopping products?

  • A shopping item may be a sort of item that requires shopper investigate and comparison of brands.
  • Homogeneous and heterogeneous are the two particular sorts of shopping items.
  • Homogeneous items are seen by consumers as exceptionally comparable in nature and the ultimate buy is more often than not decided on the lowest price.
  • If our farmer's feed compactor required substitution, he would seek for the foremost reasonable one.
  • Other illustrations of this sort of shopping item would be apparatuses, such as washers, dryers, or a cooler.
  • A item can be a business item or a buyer item. If the end client of the item is the customer, at that point the item may be a customer item.
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To know more about shopping products visit:

brainly.com/question/14295891?

#SPJ4

3 0
2 years ago
Tomatoes are an input in the production of ketchup, and ketchup and mustard are substitutes. an increase in the price of tomatoe
denpristay [2]
Tomatoes are an input in the production of ketchup, and ketchup and mustard are substitutes. An increase in the price of tomatoes will LOWER the total surplus in the market for mustard
3 0
3 years ago
E. In cell L16, enter a formula using the AVERAGEIF function that averages the budget amounts for Action movie projects
mrs_skeptik [129]

The purpose of an AVERAGEIF function is to help one find the average of numbers that meet a certain criteria within a dataset.

<h3>What does an AVERAGEIF function do?</h3>

The full question is not provided so the best I can do is to provide a general overview.

An averageif function is available in spreadsheets and is used to find the average of numbers in a range of data that meet a certain criteria.

For instance, if you want to average the budget amounts for Action movie projects, a relevant formula would be:

= AVERAGEIF(Projects, "Action movie", Projects[Budgets])

Find out more on the Averagif function at brainly.com/question/19595618.

8 0
2 years ago
1. Monroe Company owns 40% of the voting stock of Nartal Industries, acquired at book value. Nartal reports income of $600,000 f
lesya692 [45]

Answer:

A. $230,400

Explanation:

600,000 x 40% = 240,000

260,000 - 156,000 = 104,000 transfers of goods intra-entity at sale price

we divide by the markup to know the cost:

104,000 / 1.3 = 80,000 cost of the goods

gross margin 104,000 - 80,000 = 24,000

we will eliminate 40% of the gross margin

24,000 x 40% = 9,600

This amount will be eliminate from the incoem statemnet:

240,000 - 9,600 = 230,400

7 0
3 years ago
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