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lilavasa [31]
4 years ago
15

Mia Lane bought a high-definition television for $7,500. Based on her income, she could afford to pay back only $600 per month.

There is 1 ½% monthly interest charge on the unpaid balance. The U.S. Rule is used in the calculation. At the end of month 1, the balance outstanding is:

Business
1 answer:
lina2011 [118]4 years ago
6 0

Answer:

$ 7,012.50

Explanation:

Please see attachment

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Blake Edwards has done some research and has discovered that economists believe interest rates will rise significantly over the
joja [24]

Answer:

Economic conditions

Explanation:

Based on the scenario being described within the question it can be said that this is an example of Economic conditions influencing jobs in the future. These conditions are the different aspects that affect the overall economy of a country which include GDP growth potential, the unemployment rate, inflation, as well as policy orientations.

5 0
3 years ago
The manager of the bank where you work tells you that the bank has $300 million in deposits and $255 million dollars in loans. I
tigry1 [53]

Answer:

The bank is holding $19.5 million in excess reserves.

Explanation:

If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million

How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million

Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.

4 0
3 years ago
Troubleshooting differs from diagnosis in that _____.
tigry1 [53]
I believe it is the B. troubleshooting focuses on how to fix the problem
5 0
3 years ago
Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts
xeze [42]

Amount of bad debts adjusting entry = 0.7% * 945,000 = 0.7/100 * 9450,000 = $6,615

The amount of the bad debts expense adjusting entry = $6,615

7 0
4 years ago
Read 2 more answers
True or false: Once you are signed up for overdraft protection, you cannot opt out.
Tanya [424]

There are different kinds of draft. Once you are signed up for overdraft protection, you cannot opt out is a false statement.

<h3>Can one opt out of overdraft protection?</h3>

When a person have already signed up for overdraft protection, The person can contact the bank so as to opt out.

Here, Your debit card will be rejected once  you exceed your balance, but you will not be able to be hit with overdraft fees.

learn more about overdraft from

brainly.com/question/25772671

4 0
2 years ago
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