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3 years ago

5

Your credit limit is $2,000. You don’t pay your card off each month like you should. What is the max you can safely charge on th

is card? $

1 answer:

ale4655 [162]3 years ago

7 0

I depends on how much they charge a month for not paying the bill

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Krentz Insulating accepted a 3-year note for $1,500 in lieu of immediate payment for insulating equipment sold to a local firm.

DiKsa [7]

Answer:

$1,331.96

Explanation:

Present value (PV) refers to today's worth of cash flows to be received at a future date. The formula for PV is given as follows:

PV = F ÷ (1 + r)^n ......................................... (1)

PV = present value = ?

F = Future amount or note amount = $1,500

r = interest rate = 4% annually = 0.04 annually

= (0.04 ÷ 2) semiannually = 0.02 semiannually

n = number of compounding period = 3 years

= (3 × 2) semiannually = 6 semiannually

Substituting the figures above into equation (1). we have:

PV = $1,500 ÷ (1 + 0.02)^6

= $1,500 ÷ (1.02)^6

= $1,500 ÷ 1.126162419264

= $1,331.96

Therefore, the present value of the note at 4% per year compounded semiannually is $1,331.96.

6 0

4 years ago

What is variable expense? Pls help quickly!l

ad-work [718]

Answer:

it's when your expenses in your variable costs change in the certain way you use your services. Basically you just have to make sure you use it less or so it cost less .....is your answer.... may it help you

4 0

3 years ago

Victor Rumsfeld Inc.'s dividend policy is under review by its board. Its projected capital budget is $2,000,000, its target capi

Tanzania [10]

Answer:

The residual dividend is -$200,000, therefore If the company follows a residual dividend policy the total dividends will be $0

Explanation:

In order to calculate the total dividends, if any, will it pay out, we would have to calculate first the residual dividend a follows:

residual dividend=forecasted net income-(percentage equity*capital budget)

According to the given data we have the following:

forecasted net income=$600,000

percentage equity=40%

capital budget=$2,000,000

Therefore, residual dividend=$600,000-(40%*$2,000,000)

residual dividend=-$200,000

The residual dividend is -$200,000, therefore If the company follows a residual dividend policy the total dividends will be $0

8 0

4 years ago

A) For the utility function above, if the price of the good is $4, what is the Marginal Utility per Dollar for the fourth unit c

ryzh [129]

The Marginal Utility per Dollar for the fourth unit consumed is 2.50 utils.

The Marginal Utility per Dollar for the second unit consumed is 9 utils.

Utility is the total satisfaction a consumer derives from consuming a good or service.

Marginal utility is the change in total utility when a consumer increases the unit consumer by one.

Marginal utility = change in total utility / change in price

<u><em>Marginal Utility per Dollar for the fourth unit consumed</em></u>

Marginal utility when the fourth unit is consumed = (64 - 54) / (4 - 3)

10 / 1 = 10.

Marginal utility per dollar = 10 / $4 = 2.50 utils

<u><em>Marginal Utility per Dollar for the second unit consumed </em></u>

Marginal utility of the second unit = (40 - 22) / (2 - 1) =

18 / 1 = 18

Marginal utility per dollar = 18 / $2 = 9 utils

Please find attached the table of the utility function. To learn more, please check: brainly.com/question/14850856?referrer=searchResults

6 0

3 years ago

What type of economic system are you a part of?

Reil [10]

Answer:

As I live in the US, I am the part of capitalistic economic system.

Explanation:

There are different types of economic system followed by different countries in the world. Economic system may be socialistic, communistic or capitalistic.

Capitalism is the type of economic system where capitals are under the control and owned privately or corporately through private investments rather than state control.
It is characterized by the determining production of goods, prices of the products and distribution of the products. It uses markets for the effective utilization of the produced goods. The economy is maintained by the capital profit made from the use of these goods.

5 0

3 years ago