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vredina [299]
3 years ago
15

Liam uses his credit card regularly and always pays the minimum payment on his credit card statement each month. It is MOST LIKE

LY that Liam’s credit card balance will ________ over time.
A. increase

B. decrease

C. stay the same

D. Paid in full
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
3 0

Answer:

A. increase

Explanation:

Liam has not been clearing his credit card as per the monthly statement. It means that every month, he carries a balance to the next month.

Credit cards charge an interest rate known as the Annual Percentage Rate APR. Credit cards APR is among the highest interest rate in the market today. On average, the APR rate is about 21 percent.

When Liam does not clear his balance for the month, it means the amount carried forward will be subject to the APR. His debts will include the interest and regular expenses. The interest on a credit card is calculated and applied every month. Carrying forward balances then means this month's balance plus interest becomes a new balance for the next month. Interest charged in the previous month will subject to attract interest in the coming month.

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The Versatech Corporation has decided to produce three new products. Five branch plants now have excess product capacity. The un
Ratling [72]

Answer:

A parameter table was constructed to show the transportation problem and to also obtain an optimal solution.

Explanation:

<u>Solution</u>

(a) the first step is to prepare  the problem as a transportation problem by establishing  the appropriate parameter table

                            1        2          3            Supply

Source    1           31      45      38             400

(Plant)      2          29     41       45             600

               3           32     46      40            400

               4           28     42      M              600

               5           29     43      M              1000

     Demand        600    1000  800

The total supply  is = 400 + 600 + 400+ 600+ 1000= 3000

Total demand is = 600 + 1000 + 800 = 2400

(b) since the problem given is an imbalanced transportation problem,to make it a balance transportation problem we will make use of what is called the dummy destination for this numbers 3000 - 2400 = 600

                  1        2          3                  4 (Dummy)      Supply

Source    1           31      45      38               0                   400

(Plant)      2          29     41       45               0                   600

               3           32     46      40               0                   400

               4           28     42      M                 0                   600

               5           29     43      M                 0                    100

Demand             600    1000  800          600

The positive independent number of  allocations is equal to m+n -1 = 5 + 4-1 =8

This solution is a basic feasible solution called a non -degenerate

The cost of initial transportation is he initial transportation cost=31*400+29*200+41*400+46*400+42*200+M*400+M*400+0*600

=$61400+800M

Note: kindly find an attached document of the part of the solution of the work.

4 0
4 years ago
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows.
Monica [59]

Answer:

TVX Company

Stockholders Equity Section of the Balance Sheet, February 28

Common stock $632,400

Paid in capital in excess of par value, Common stock $449,040

Retained earnings  $513,560

Total Stockholders Equity <u>$1,595,000</u>

<u>Workings</u>

Common Stock

= Common Stock + Dividends Declared

= 620,000 + ( 2% * 62,000 shares * $10 par value)

= 620,000 + 12,400

= $632,400

Paid in capital in excess of par value, Common stock

Dividends were declared based on current market value of $31 not par value of $10 so the differnce will be catered for here.

= Balance + Dividends Declared

= 423,000 + (2% * 62,000 * $21 which is differnce between par value and market value)

= 423,000 + 26,040

= $449,040

Retained earnings

= Retained Earnings - Dividends distributed

= 552,000 - (2% * 62,000 * $31)

= 552,000 - $38,440

= $513,560

4 0
3 years ago
Minden company introduced a new product last year for which it is trying to find an optimal selling price. marketing studies sug
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832,200 - 94 = 738.2 annual sales
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4 years ago
Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with the
stepan [7]

Answer:

Two-way Stretch

Explanation:

Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. This is an example of a firm that successfully performed a t<u>wo-way stretch</u> to reach more consumers and ventures that are more profitable.

Two way stretch: It is an expansion strategy of the company to introduce product within the same product line to cater different customer in the market. Company introduce new product to attract more customer as now they have premium product and low end product. Product are stretched both ways upward and downward. Example: Maruti, Titan, Marriot- Hotel & resorts, etc.

In the given case, Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. Therefore, they are using two-way stretch strategy.

7 0
3 years ago
When zappos​ began, it focused primarily on word of mouth​ (wom) to get its message to people. word of mouth is which of the pro
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The promotion mix element that is facilitated by words of mouth is ADVERTISING. 
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3 years ago
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