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Marrrta [24]
3 years ago
15

Pauline Davis’s charge account statement shows an unpaid balance of $225. The monthly finance is 1.25% of an unpaid balance. Wha

t is the new balance account?
Business
1 answer:
slamgirl [31]3 years ago
3 0

The new account balance would the the unpaid balance (225) plus the interest (unpaid balance multiplied by the interest rate) or (225 X 1.25%).

So the answer would be 225+ (225 X .0125)= new balance

You always pay the interest rate on whatever balance you have remaining on your credit card statement each month.

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You purchased 300 shares of common stock on margin for $60 per share. The initial margin is 60% and the stock pays no dividend.
MrMuchimi

Answer:

- 41.67%

Explanation:

For computing the rate of return first we have to compute the initial investment which is shown below:

= Number of shares × per share ×  initial margin percentage

= 300 shares × $60 per share × 60%

= $10,800

Now Loss on sale of common stock is

= (Selling price - purchase price) × number of shares  purchased

= ($45 - $60 ) × 300  shares

= - $4,500

So the rate of return will be:

= Loss ÷ Initial Investment

= - $4,500 ÷  $10,800

= - 41.67%

7 0
3 years ago
A high degree of_____interdependence exists when team members share in the rewards that the team earns.
galben [10]

Answer:

goal

Explanation:

Goal interdependence is when  members of a group share common goals.

3 0
2 years ago
In most businesses, what is the most costly factor of production?
Paraphin [41]
Man it keeps recomending your questions XD its Human capital
4 0
3 years ago
Read 2 more answers
Patagonia donates at least 1% of profits to support environmental causes. There products are also produced under safe, fair, leg
Alchen [17]

Answer: corporate social responsibility practice

Explanation:

Corporate social responsibility occurs when organizations contribute to societal goals by supporting practices that are ethically oriented and have a positive effect on the economy.

Since Patagonia donates at least 1% of profits to support environmental causes and is contributing positively to the economy, then Patagonia is practicing corporate social responsibility practices.

6 0
2 years ago
The steeper an isoquant is ​(labor measured on the horizontal axis​): A. the greater is the level of output. B. the greater is t
Volgvan

Answer:

C. the greater is the marginal productivity of labor relative to that of capital

Explanation:

An isoquant is a curve that shows all the combinations of inputs that yield the same level of output.

When adding one factor holding the other factor constant inevitably, leads to lower output levels, the isoquant must become steeper, as more capital is added instead of labour, and flatter when labour is added instead of capital. Returns to capital even decline.

8 0
2 years ago
Read 2 more answers
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