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Dmitry_Shevchenko [17]
2 years ago
5

Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month?A) La

te feeB) Annual membership feeC) Balance transfer feeD) Annual Percentage Rate
Business
1 answer:
kati45 [8]2 years ago
4 0

Answer:

D) Annual Percentage Rate

Explanation:

The APR is often expressed as the percentage (%). The annual percentage rate (APR) is an attempt to calculate the principal debt you pay during the period (in this year) by taking into account every installment, prepayment, and so on. Annual Interest Rate (APR) is an annual rate for borrowing or investing. APR is expressed as a percentage of the actual annual value of the loan over the term of the loan. This includes any transaction fees or overhead, but is not taken into account significantly. Because loans or loan agreements can vary in terms of interest rates, operating fees, late penalties and other factors, a standard computation such as APR provides borrowers with a bottom line that they can easily compare with interest rates charged by other lenders.

Late fees, also known as overdue fines, late fines, or overdue fees, are charges that a company or organization has not paid a debt on time or has leased or repaid a loan. Late payments are usually calculated on a per-item basis.

Annual Membership Fee means an annual membership fee or similar payment in connection with a Credit Card Agreement. Annual payments are one of the most common of all credit card fees. It is your provider's right to automatically charge your account once a year for the benefits that come with this credit card.

The balance transfer fee is a charge which charged when you transfer a credit card debt from one card to another. Balance transfer fees are common for credit cards offering low entry interest rates. Consumers considering a balance transfer should calculate the total cost of the current debt over time, without accepting a proposal and paying it off.

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Young Bobby opened a lemonade stand in his front yard. He used $4 worth of lemons, sugar, and cups, and paid his little sister $
Pepsi [2]

Answer:

$2

Explanation:

Surplus value = revenue - cost

Revenue = $1 × 7 = $7

Cost = $4 + $1 = $5

Surplus value = $2

I hope my answer helps you

8 0
2 years ago
An inventory turnover analysis is useful to the internal auditor because it may detect:_____.
Vika [28.1K]

An inventory turnover analysis is useful to the internal auditor because it may detect <u>the existence of obsolete merchandise.</u>

Inventory that has reached the end of its useful life is called as obsolete inventory. It has been a while since this inventory was utilized or sold, and it is not anticipated that it will be in the near future. This kind of inventory must be written off or written down and can result in significant losses for a business.

<h3>What is turnover analysis?</h3>

The dynamics of people leaving or remaining in an organization are evaluated using turnover analysis to:

  • how many workers quit
  • The causes of people's departures and stays
  • The expense of turnover caused by a lapse in company continuity
  • How to reduce the danger of present employees leaving the company through turnover

The projected expense of replacing a paid worker ranges from 6 to 9 months of that worker's salary and includes both the direct expense of hiring a replacement and the indirect expense of lost productivity.

The ability of the company to accomplish its objectives and provide for its consumers may be compromised by high turnover. The customer experience can change noticeably even in response to small increases in turnover.

Employee turnover costs are frequently unforeseen and hence not accounted for.

Learn more about inventory turnover

brainly.com/question/12942515

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4 0
1 year ago
Use the model developed in Chapter 3 and assume that consumption does not depend on the interest rate. Holding other things cons
tensa zangetsu [6.8K]

Answer: increases and the interest rate rises.

Explanation:

As a result of the increase in a demand for investment, entities will borrow more money from financial institutions in order to undertake these investments.

Investments will therefore rise as a result. Unfortunately, due to the increase in demand for loanable funds from financial institutions, interest rates will rise as well to show that demand is increasing faster than supply of loanable funds as posited by the law of demand and supply.

3 0
2 years ago
How has BRICs membership benefited South Africa so far?
prisoha [69]
Well we live really far so
8 0
3 years ago
Assume the equilibrium price for a good is $10. If the market price is $5, a:_____________
stellarik [79]

Answer:

c. Shortage will cause the price to rise toward $10

Explanation:

c. Shortage will cause the price to rise toward $10

The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.

6 0
2 years ago
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