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Sedbober [7]
3 years ago
12

Determine the finance charge using the previous balance method. The account balance on April 1st is $50.51. On April 15th, a pay

ment of $15.00 is made. On April 25th, a purchase of $19.27 is made. What is the finance charge if the annual rate is 18%?
Business
1 answer:
Sedbober [7]3 years ago
5 0

Answer:

$0.7577

Explanation:

The computation of the finance charge is shown below:

Finance charge =  The account balance × monthly rate

where,

The account balance = $50.51

Monthly rate = 18% ÷ 12 months = 0.015

So, the finance charge is

= $50.51 × 0.015

= $0.7577

We simply multiplied the account balance with the monthly rate so that the finance charge could come

All other information is not relevant. Hence, ignored it

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Ramona owns a small coffee shop, where she works full-time. Her total revenue last year was $100,000, and her rent was $3,000 pe
Radda [10]

Answer:

Implicit Costs = $35,000

correct option is b. $35,000

Explanation:

given data

total revenue = $100,000

rent = $3,000

overhead averages = $500 per month

Ramona earn = $35,000 per year

to find out

total implicit costs

solution

we know that here Total Rent paid is

Total Rent paid = 3000 × 12

Total Rent paid = $36000

and

Total employee payment = 2000 ×  12

Total employee payment  = $24000

and

Total ingredient and overhead = 500×  12

Total ingredient and overhead = $6000

and

Explicit Costs = 36000 + 24000 + 6000 = $66000

so here

Implicit Costs = The opportunity cost of not working as a manager

Implicit Costs = $35,000

correct option is b. $35,000

5 0
3 years ago
Which of the following teams is more likely to be made up of employees from about the same hierarchical level but different work
statuscvo [17]

Answer:

<u>C) cross-functional</u>

Explanation:

  • Aa per the teams that are made up of the different department of work the cross-functional team will be one that is most likely to be from the same hierarchy level of a flat organization but shows a mix of the finance, IT, human resource and telecom, etc, working towards a common goal.
  • Have a high level of groupthink and periodicity and have a greater depth of information and work in a collaborated form may use, multiple channels
6 0
3 years ago
Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derive
LenaWriter [7]

Complete/Correct Question:

Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derived most of their profits from extended warranties. According to the Stalk and Lachenauer book, this is an example of the strategy to

A) plagiarize with pride.

B) deceive the competition.

C) devastate rivals profit sanctuaries.

D) unleash massive and overwhelming force

Answer:

c, devastate rivals profit sanctuaries

Explanation:

For Walmart to start making as much or more profits than its rival, Best Buy, it decided to head in the same direction as Best Buy by offering low-priced extended warranties on home electronics.

This action simply means that Walmart has infiltrated the profit strategy system of Best Buy and is using that a a competitive edge to also increase customer base as people will prefer to go Walmart as it has become cheaper.

Devastating rivals profit sanctuaries therefore means targeting the area or strategy of rivals to make more profit.

Cheers.

8 0
3 years ago
An appraiser has just completed a search of the records for comparable residential properties that have sold within the last six
BigorU [14]
I believe the Appraier is using: <span>Direct Sales Comparison Approach (mostly used with residential properties.
Direct sales comparison approach is an appraisal method that being done by comparing the sales that happen between similar properties/products  to determine the value of that properties/productss</span>
8 0
3 years ago
Gayle is talking with her insurance broker and is comparing prices with the broker, who shows her that Company A can sell her in
kipiarov [429]

Answer: Independent insurance agent

Explanation:

An independent agent is sometimes called an insurance sales agent. An independent insurance agent is an insurance agent who sells insurance policies that are provided by different insurance companies.

An independent insurance agent gets commissions for the insurance policies that are sold. The higher the number of clients they serve, the higher the money they make. Independent insurance agents are not considered to be an employee of a particular insurance company

7 0
3 years ago
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