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jeka57 [31]
3 years ago
15

Read the short scenario and answer the question that follows. ​Lisa's credit card balance this month is​ $969.16. Her APR​ (annu

al percentage​ rate) is 15.24​ %. The minimum payment due is​ $20.00. If she pays only the minimum each month and does not add any more​ charges, how long will it take her to pay off the entire​ balance?
Business
1 answer:
mario62 [17]3 years ago
5 0

Answer:

76 months

Explanation:

If Lisa only pays the $20 minimum monthly payment, it will take her 76 months to repay her debt (6 years and 4 months). She will also end up paying almost $540 in interest.

If you have a credit card it is never a good idea to pay only the minimum monthly payment since you will end up paying a lot of interest and usually other fees and charges apply.

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Butler Corporation is considerIng the purchase of new equipment costing $81,000. The projected annual after-tax net income from
Dahasolnce [82]

Answer:

d. $(6,642)

Explanation:

The present value is the sum of after tax cash flows.

Present value can be calculated using a financial calculator

Cash flow in year 0 = $-81,000

Cash flow each year in year 1 to 3 = $27,000 + $2,900 = $29,900

I = 10%

Present value = $(6,642)

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0
3 years ago
Consider the ultimatum game loading... ​, where an​ "allocator" is​ given, say, ​$50.00 to decide how to divide with a​ "recipie
AVprozaik [17]

Answer:

theth  individual's tastes and preferences.

the cost of the clothes.

the popularity of the clothes.

Explanation:

7 0
4 years ago
Carter & Carter is considering setting up a regional lockbox system to speed up collections. The company sells to customers
barxatty [35]

Answer:

c. $40,000

Explanation:

Reduction in Account Receivables          $500,000

($2,500,000 * 20%)

<u>* Interest rate                                               11%          </u>

Annual saving                                             $55,000

Less: Annual cost of system                     <u>-$15,000</u>

Pretax Net annual savings                         <u>$40,000</u>

4 0
4 years ago
Collaborative and co-operative approach among all the stake holders is important. This is a feature of the _______________ agile
andrezito [222]

Collaborative and co-operative approach among all the stake holders is important. This is a feature of the Dynamic system development method of  agile methodology.

<h3>What is collaborative approach?</h3>

A collaborative  learning approach  can be described as one which involves the operation of the activities or  tasks together within a  group or organization so as to make sure  that everyone participates.

It should be noted that Collaborative and co-operative approach among all the stake holders is important because it help them to work , hand in hand for the progress of the organization.

Find out more on the Dynamic system at brainly.com/question/16797306

#SPJ1

5 0
2 years ago
Producer surplus equals a. Value to buyers - Costs of sellers. b. Amount received by sellers - Costs of sellers. c. Value to buy
aev [14]

Answer:

Amount received by sellers - Costs of sellers. 

Explanation:

Producer surplus is the difference between the price of a good and the cost to sellers. It is the difference between price and the least amount sellers would be willing to sell their products.

Consumer surplus is the difference between the price at which the consumer values the good and the price of the good.

Consumer surplus = Value to buyers - Amount paid by buyers.

I hope my answer helps you

5 0
4 years ago
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