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vlabodo [156]
3 years ago
13

Your credit card has a credit limit of $1,000. Your credit card company reviews your credit line every 6 months. They will not i

ncrease your credit line more than 10% each 6-month period. Assuming they increase your limit each 6-month period by 10%, how long will it take to increase your limit to $1,600?
Business
1 answer:
Mice21 [21]3 years ago
4 0

Answer:

2 years and 6 months

Explanation:

after 6months

     $1,000 x 10% = $100

     $1,000 + $100 = $1,100

after 1 year

     $1,100 x 10% = $110

     $1,100 + $110 = $1,210

after 1 year and 6 months

     $1,210 x 10% = $121

     $1,210 + $121 = $1,331

after 2 years

     $1,331 x 10% = $133.10

     $1,331 + $133.10 = $1,464.10

after 2 years and 6 months

     $1,464.10 x 10% = $146.41

     $1,464.10 + $146.41 = $1,610.51

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Axcel Software began a new development project in 2020. The project reached technological feasibility on June 30, 2021, and was
erik [133]

Answer:

$471,000.

Explanation:

Using percentage of revenue method calculating amortization rate:

$3,102,000 / ( $3,102,000 + $7,238,000 ) = 30%

The amortization of development cost of Axcel software will be the cost after 30 June 2021 when project reached technological feasibility till product release date which is $1,570,000.

Amortization of software development costs for year 2022 :

$1,570,000 * 30% = $471,000.

8 0
3 years ago
What is it called when a person's behavior in the workplace creates circumstances that make it difficult for someone else of a p
Nataliya [291]
Discrimination because they are making it difficult for someone else of particular sex to do his/her work.
6 0
3 years ago
Traditional monetarists advocate for a rule for ___________, while market monetarists argue that monetary policy should focus on
Vlad [161]

Full sentence is:

Traditional monetarists advocate for a rule for money supply growth, while market monetarists argue that monetary policy should focus on a nominal GDP target .

Explanation:

Monetarism is based on the idea that an increase in the money supply, that is, the total cash and checks circulating in the economy, will increase production in the short term and inflation in the long term.

Monetarism states that while the monetary authorities (central bank or others) have control of the nominal offer, people base their decisions on the amount of real money they wish to obtain / maintain.

5 0
4 years ago
The Cascade Fresh yogurt company launched a very effective marketing plan strategy. The market responded, and customers flocked
MAXImum [283]

Answer:

The correct answer is C

Explanation:

As the yogurt company, launched a effective plan for the marketing strategy. But the market responded and the consumers flocked to purchase the yogurt. So, it means that the plan does not work in the market.

Therefore, the company need to update the market plan so that the more successful the plan will be it will require a revision and a faster plan.

7 0
3 years ago
Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $
BlackZzzverrR [31]

Answer:

Comfy Fit Company

Contribution margin per hour of machine time:

Contribution margin for 1 hour of machine time will be equal to:

Swoop = $5 x 60/6 = $50 per hour

Rufus = $15 x 60/6 = $150 per hour

Explanation:

If Contribution margin:

Swoop = $5 for 6 minutes' machine time

Rufus = $15 for 6 minutes' machine time

Therefore, contribution margin per hour will be

Contribution x 60/6.

Since 60 minutes make an hour, there will be ten times more contribution for each.

This gives an hourly contribution of $50 ($5 x 10) and $150 ($15 x 10).

7 0
3 years ago
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