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2 years ago

Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market.

Business

1 answer:

Hoochie [10]2 years ago

4 0

Answer:

The following are the solution to this question:

Explanation:

In option a, The trading shall take place at $55.50 because it's the best possible market value.

In option b, The trading being taken out at $55,25 since it is the best price available on the market.

In option c, The deal doesn't occur as $55.62 (minimum bid price) is moreover $55.25.

In option d, The transaction would not be taken out and it is under $55.37 (ask price).

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Michelle has four credit cards with the balances and interest rates listed below. She would like to consolidate all of her credi

postnew [5]

Michelle needs to pay $561.06 on all four credit cards every month to clear her dues in 36 months.

<h3>What is a credit card?</h3>

A credit card is a small plastic card issued by a bank, building society , or other financial institution that allows the holder to buy products or services on credit.

We have the given information available in this case:

Credit Card balance APR

$4,380 at the rate of 17%
$1,365 at the rate of 19%
$2,480 at the rate of 23%
$5,000 at the rate of 15%

The interest on all the four cards is for 36 months that is 3 years, therefore the interest will be paid for 3 years:

For that we will be using Simple interest rate formula to calculate the interest:

$\rm\,Total\,amount\,on\,Card1 = P+ \dfrac{P\times\,R\times\,T}{100}\\\\= 4,380 + \dfrac{4,380\times\,0.17\times\,3}{100} \\ \\= \$6,613.8\\\\\rm\,Total\,amount\,on\,Card2 = 1,365 + \dfrac{1,365\times\,0.19\times\,3}{100}\\\\= \$2,143.05\\\\ \rm\,Total\,amount\,on\,Card\,3 = 2,480 + \dfrac{2,480\times\,0.23\times\,3}{100}\\\\= \,\$4,191.2\\\\= \rm\,Total\,amount\,on\,Card\,4 = 5,000 + \dfrac{5,000\times\,0.15\times\,3}{100}\\\\= \$ 7,250\\$

The total sum of money that Michelle needs to pay on her credit cards:

$\rm\,Total\,Amount = Total\,amount\,on\,Card\,1 + Total\,amount\,on\,Card\,2+Total\,amount\,on\,Card\,3 + Total\,amount\,on\,Card\,4\\= \$6,613.8 + \$2,143.05+\$4,191.2 + \$ 7,250\\\\= \$20,198.05$

Finally, the amount that Michelle needs to pay on a monthly basis to clear her dues on the credit card: ( Division of the total amount into 36 parts as she has to pay dues in 36 months)

$\rm\,Monthly\,installment = \dfrac{Total\,Amount}{36\,months}\\\\\\\\\dfrac{\rm\,Total\,Amount}{\rm\,36\,months}\\\\=\dfrac{\rm\, \$\,20,198.05}{\rm\,36\,months}\\\\= \$561.0569\\$

Thus, the amount that Michelle has to pay every month for 3 years (36 months) to clear her credit card dues is $561.06.

To learn more about credit card, refer to the link:

brainly.com/question/2808739

6 0

1 year ago

Semiautomatic process has a fixed cost of $40,000 per year and variable cost of $30 per unit. An automatic process has fixed cos

GuDViN [60]

Answer:

Total cost= 40,000 + 30X

Explanation:

Giving the following information:

The semiautomatic process has a fixed cost of $40,000 per year and a variable cost of $30 per unit.

We need to use the following formula:

Total cost= fixed costs + unitary variable cost*X

Total cost= 40,000 + 30X

3 0

2 years ago

Even though federal law mandates that workers and firms each pay half of the total fica tax, the tax burden may not fall equally

Semmy [17]

True is the correct answer

7 0

2 years ago

Fred and george have been in partnership for many years. the partners, who share profits and losses on a 60:40 basis, respective

Doss [256]

I'm not gonna tell u the answer but u have to set 60:40 as a ratio to set it as a ratio u put 60/40 and then simplify to simplify those two number u have to divide by ten and find the relationship of those two number after y simplify and get ur number u scale up or down so after All those u have a fraction and then do the steps all over to $10,000

6 0

2 years ago

Why are only final goods and services included in the calculation of GDP?

zavuch27 [327]

Answer:

Only final goods and services are included in the calculation of GDP to avoid counting things multiple times.

Explanation:

In the calculation of the GDP only final goods and services are included because the prices of the these already have the costs of all the things that were used to produce them. If we count the intermediate products and services that were used for the final output, we will be double counting which will give a result that is not a correct estimation.

5 0

2 years ago