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4 years ago

In two to three sentences, describe how making minimum payments on credit card balances increases the total cost.

Business

1 answer:

rjkz [21]4 years ago

3 0

Answer:

If you only make the minimum payment on your credit card, it could take years to pay off the balance. you could end up spending hundreds, in interest by the time the balance is required.

Explanation:

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loris [4]

<span>C) Cash, debit $11,000; Katelyn's Capital, credit $11,000
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6 0

3 years ago

Read 2 more answers

Your opportunity cost of taking this course is: a. the net benefit of taking this course. b. the net benefit of the activity you

umka21 [38]

Answer:

Correct option is B.

The net benefit of the activity you would have chosen if you had not taken the course

Explanation:

Your opportunity cost of taking this course is <u>the net benefit of the activity you would have chosen if you had not taken the course </u>

Opportunity cost is what you must sacrifice when you choose an activity. By taking this course, you are sacrificing the benefit you could have obtained from the activity you would have chosen if you had not taken the course.

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4 years ago

Workers in the nation of Brotherton expect managers to forcefully tell employees what to do, how to do it, and when. On the othe

pogonyaev

Answer:

The answer is B. Socio-cultural

Explanation:

The socio-cultural environment refers to the beliefs, practice, customs, tradition that influences the behaviour of a people that lives in a given population.

The socio-cultural belief of the nation of Brotherton is one that believe that all the planning activities of the organisation should be the duties of manager alone and the employee are just to do as they are told.

However, the American workers participate and make contributions in the decision making process of the organisation.

5 0

3 years ago

Agee Storage issued 33 million shares of its $1 par common stock at $21 per share several years ago. Last year, for the first ti

Tpy6a [65]

Answer:

$23 million

Explanation:

Calculation to determine at what amount will Agee’s total paid-in capital decline

First step is to calculate the Cash paid for the first repurchase

Cash paid for the first repurchase = 1 million * 19

Cash paid for the first repurchase = $19 million

Second step is to calculate the Value of first purchase

Value of first purchase = 1 million * 21

Value of first purchase = $21 million

Third step is to calculate the Benefit on first repurchase

Benefit on first repurchase = 21 million - 19 million

Benefit on first repurchase = $2 million

Fourth step is to calculate Cash paid for second repurchase

Cash paid for second repurchase = 1 million * 24

Cash paid for second repurchase = $24 million

Fifth step is to calculate the Value of second purchase = Reacquired shares * Common stock price

Value of second purchase = 1 million * 21

Value of second purchase = $21 million

Last step is to calculate the Decline in total paid-in capital using this formula

Decline in total paid-in capital= Benefit on first repurchase + Value of second purchase

Decline in total paid-in capital = 2 million + 21 million

Decline in total paid-in capital = $23 million

Therefore what amount will Agee’s total paid-in capital decline is $23 million

8 0

3 years ago

State the purpose of footing the total column in the client's accounts receivable trial balance, tracing individual customer n

Pani-rosa [81]

No se y ni me importa

7 0

3 years ago