Answer:
monthly payment = (total amount owing+interest to be paid) / 12 months
Explanation:
Monthly repayments include the total amount owing on the credit card, plus the interest to be paid. This amount should then be divided into 12 monthly payments in order to get one constant amount to be paid each month for the 12 month period. We will assume there are no other factors affecting the amount, other than interest.
The formula to calculate the monthly repayments in the credit card is as follows:
(total amount owing + interest) / 12 months
For example, say the amount owing was $100 and the total interest to be paid was $20; the monthly repayment would be calculated as ($100+ $20) / 12 months. This would mean the credit card holder pays $120/12 = $10 per month in order to repay the debt.
Answer:
Technology
1. Data Scientist.
data scientists help organizations to solve vexing problems. Combining computer science, modeling, statistics, analytics, and math skills—along with sound business sense—data scientists uncover the answers to major questions that help organizations make objective decisions.
2. Web Developer.
web developers are responsible for designing and developing websites and website applications.
3. Software Developer.
Analyze users' needs and then design, test, and develop software to meet those needs. Recommend software upgrades for customers' existing programs and systems.
Explanation:
Answer:
$24.21
Explanation:
Direct materials $8.20
Direct labor 8.30
Variable manufacturing overhead 1.2
Fixed manufacturing overhead (70% × $4.30 is avoidable) = 3.01
8.2 + 8.3 + 1.2 + 3.01 = 20.71
Relevant manufacturing cost = $20.71
$7.00 per unit ÷ 4 minutes per unit = $1.75 per minute
$1.75 per minute × 2 minutes = $3.5
$20.71 + $3.5
= $24.21
Answer: The correct answer is : c. flexible production capacity can be configured to maximize profits in the new environment.
Explanation: Starting from a fixed volume of production, a company is more flexible if it produces a larger quantity of products. Flexibility will provide the ability to have operational production lines in a defined time interval.
Answer:
FV= $21,887.13
Explanation:
Giving the following information:
Initial investment= $15,000
Number of periods= 6 years
Interest rate= 6.5% compounded annually
T<u>o calculate the future value of the investment, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 15,000*(1.065^6)
FV= $21,887.13