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Jlenok [28]
3 years ago
5

On October 1st Joe charged $900 to his credit card, on October 10th he charged another $1,300 to his credit card, and on October

15th he charged an additional $100. His credit card charges him an Annual Percentage Rate (APR) of 18% compounded monthly. Using the Average Daily Balance Method calculate Joe's finance charge for the month of October.
Business
1 answer:
poizon [28]3 years ago
4 0

Answer:

interest expense for October $ 27.25

Explanation:

       900

+  1,300 x 20/30

<u> +     100 x 15/30    </u>

1,816.67 average balance

Now we multiply this average balance by the interest rate of the credit card:

1,816.67 x 0.18/ 12 = 27.25

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You are given two choices of​ investments, Investment A and Investment B. Both investments have the same future cash flows. Inve
valina [46]

Answer:

C. The present value of cash flows in Investment A is higher than the present value of cash flows in Investment B.

Explanation:

Typically, discount rate represents cost of capital or funds used to finance the investment. This implies that the higher the cost of capital , the lower the present value of cash inflow on the investment and vice-versa.

Hence, the present value of cash flows in Investment A is higher than the present value of cash flows in Investment B,  because A has a lower discount rate.

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3 years ago
Exchange rate shifts that cause the Sing$ to be weaker versus than the Brazilian real:
Luden [163]

Answer:

make the export of footwear from Asia-Pacific plants to Latin America less competitive and give rise to negative/favorable exchange rate cost adjustments.

Explanation:

Exchange rate is defined as the rate at which one currency can be exchanged with another. It determines balance of trade, that is the amount of one countrie's goods that can be exchanged for another one's.

When exchange rate causes Sing$ to be weaker versus than the Brazilian real, it results in more of the Sing$ used to purchase one Brazilian Real.

Export of footwear from Asia-Pacific plants to Latin America will be more expensive, so it will be less competitive.

8 0
3 years ago
MNCs can use their global presence toa. take advantage of underpriced labor services available in certain developing countries.
denis23 [38]

Answer:

a. take advantage of underpriced labor services available in certain developing countries.

b. gain access to special R&D capabilities residing in advanced foreign counties.

c. boost profit margins and create shareholder value.

d. avoid regulations and lower tax burdern

Explanation:

Multinational corporation is a company that operates locally in its home country and also aborad. It usually maintains a central office that coordinates business activities.

MNCs have various advantages which includes:

- taking advantage of lower priced labour in developing countries, for example some companies take advantage of cheap labour in China to produce their goods.

- when a company operates in an advanced economy it will take advantage of research and development there.

- regulations and tax burdens can be avoided by setting up manufacturing plants in countries with low regulatory policies.

- MNCs boost shareholder profits by taking advantage of their multiple locations to gain more profits.

7 0
3 years ago
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A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The
Keith_Richards [23]

Answer:

$781.99

Explanation:

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rate is the semiannual yield to maturity i.e11%*6/12=5.5%

nper is the number of semiannual coupons the bond would i.e 30 semiannual coupons in 15 years

pmt is the amount of semiannual coupon=$1000*8%*6/12=$40

fv is the face value of $1000

=-pv(5.5%,30,40,1000)=$781.99  

7 0
3 years ago
PLS HELP ASAP! GIVING BRAINLIEST!!<br><br> I need answers to 1 &amp; 2!!
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Answer:

1.  7.2

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take 72 and divide by number of years

72/x= ROI

7 0
3 years ago
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