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aalyn [17]
3 years ago
10

American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. I

f the APR is stated to be 18.00%, with interest paid monthly, what is the card's EFF%
Business
1 answer:
In-s [12.5K]3 years ago
5 0

Answer: 19.56%

Explanation:

Effective Rate of Return is the rate that takes into account, the compounding influence of interest rates in a given period.

It is calculated with the formula,

= ( 1 + r/n) ^ n - 1

Where

r = APR

n = no of compounding periods in a year

Interest is paid monthly so nnumber of periods will be 12.

Therefore,

EFF = ( 1 + 18%/12)¹² - 1

EFF = 19.56%

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Mumz [18]
ISO 14000 is the set of international standard that focuses on company's environment responsibility. 
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3 years ago
Coca-Cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. However, with t
Effectus [21]

Answer:

B.

Explanation:

Coca-Cola was trying to build new core competencies to protect and extend their current marketing position.

8 0
3 years ago
from a profit perspective, it makes sense for firms to disperse their productive activities to those countries where they can be
fomenos

The statement is correct. Profitably, it makes sense for firms to shift their productive activities to countries where they can be performed more efficiently.

<h3>What is Profit perspective?</h3>
  • The Profits Perspective is an economic viewpoint that focuses on the financial flows that determine total business profits. It is based on Jerome Levy's profits equation, which he discovered in 1908.
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To learn more about Profit, refer to:

brainly.com/question/28662566

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7 0
1 year ago
partial credit, E12-19A (similar to) Turner Hardware is adding a new product line that will require an investment of $ 1 comma 5
son4ous [18]

Answer:

5.98  years

Explanation:

The computation of the payback period is shown below:

In year 0 = -$1,530,000

In year 1 = $305,000

In year 2 = $270,000

In year 3 = $240,000

In year 4 = $240,000

In year 5 = $240,000

In year 6 = $240,000

In year 7 = $240,000

In year 8 = $240,000

In year 9 = $240,000

In year 10 = $240,000

If we added the first 5 year cash inflows than it would be $1,295,000

Now we have to subtract the $1,295,000 from the $1,530,000 , so the amount would be $235,000 as if we sum the six year cash inflow so the total amount is exceeded to the initial investment. So, we subtract it

And, the next year cash inflow is $240,000

So, the payback period equal to

= 5 years + $235,000 ÷ $240,000

= 5.98  years

5 0
3 years ago
Describe what would be some examples of fixed cost and variable cost on a farm?
EleoNora [17]
Machinery repairs, property taxes, salaries for workers variable: number of workers, what crop is being produced, gas for machinery.
4 0
4 years ago
Read 2 more answers
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