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vekshin1
3 years ago
5

Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the t

otal cost of her purchase if the APR on the credit card is 27.3% compounded monthly?
Business
1 answer:
Gemiola [76]3 years ago
7 0
<span>She makes the purchase for $552.86. After one month, she owes $552.86 + the interest of that month. One month's interest is 27.3%/12 on the balance, so $552.86 * 0.273/12 = $12.58 At the end of the first month, she owes $552.86 + $12.58 = $565.44. She pays $195. Now she owes $565.44 - $195 = $370.44 After the second month, she owes $370.44 + interst of that month. One month's interest is 27.3%/12 on the balance, so $370.44 * 0.273/12 = $8.43 At the end of the second month, she owes $370.44 + $8.43 = $378.87 She pays $195. Now she owes $378.87 - $195 = $183.87 After the third month, she owes $183.87 + interest of that month. One month's interest is 27.3%/12, so $183.87 * 0.273/12 = $4.18 At the end of the third month, she owes $183.87 + $4.18 = $188.05 She pays $188.05 and pays it off. The total amount she paid was $195 + $195 + $188.05 = $578.05</span>
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Answer:

b. Pull the team member aside to discuss the details upsetting him or her in private.

Explanation:

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3 years ago
Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $47,000. Budgeted cash receipts total
Masteriza [31]

Answer:

$12,000

Explanation:

Beginning cash balance = $47,000

Budgeted cash receipts = $131,000

Budgeted cash disbursements = $126,000

The desired ending cash balance = $64,000

The net movements around the cash opening balances, cash receipts, disbursement and borrowing results in the closing balance by the formula below;

The desired ending cash balance = Beginning cash balance + Budgeted cash receipts + Borrowing - Budgeted cash disbursements

$64,000 = $47,000 + $131,000 + Borrowing - $126,000

Borrowing = $64,000 + $126,000 - $47,000 - $131,000

Borrowing = $12,000

Borrowing required to achieve desired closing balance is $12,000

8 0
3 years ago
todd, a sales representative, is facing the challenge stressor of trying to close a sale on a major account. during the meeting
lys-0071 [83]

Options :

A) be strongly motivated and perform well

B) be poorly motivated out of fear, and perform poorly

C) develop severe emotional symptoms of stress

D) develop severe physical symptoms of stress

Answer: A) be strongly motivated and perform well

Explanation: Stressors pertaining to business may be explained as those demands which a job or business requires of workers. The challenge stressor includes demands such as volume of chores or workload, time constraint and other factors which could be place added responsibility or burden on an individual. In most cases however, these responsibilities or burden usually acts to motivate the employee or business owner and in the long run aids personal and professional growth. In the scenario above, The challenge stressor which Todd is faced with is one which requires him to be on top and thus requires preparation so as to be able to perform well and not appear as a novice during the business meeting. Hence, this should motivate him and hence put up a good performance.

3 0
3 years ago
The SP Corporation makes 49,000 motors to be used in the production of its sewing machines. The average cost per motor at this l
Lerok [7]

Answer:

Savings in additional cost as result of making      $154,350.00

Explanation:

The relevant costs for this decision would be the variable cost of production and the external cost of purchase.

Unit variable cost of internal production  

= 10.80 + 9.80 + 4.10 = $24.7

Variable cost of making ( $24.7  × 49,000)       =  1,210,300.00  

Variable cost of Buying     ($27.85  × 49,000)  =   <u>1,364,650.00</u>  

Savings in additional cost as result of making      <u> 154,350.00</u>

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3 0
3 years ago
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Answer:

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Explanation:

a) The augmented product is defined as one that is capable of exceeding consumer expectations. In this case, the cars were sold very fast since customers were met with their expectations regarding the product offered.

b) In this case, Saber is able to customize each car with a series of additional features that offer the user so that he is able to have his own car as he would like

c) Tangible products are defined as goods or services that are manufactured, dispatched and delivered, that is, in this case, cars

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