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3 years ago

Assume you’ve got terrific credit: What would be your likely APR for purchases or balance transfers?

Business

1 answer:

Zielflug [23.3K]3 years ago

4 0

Answer:

The APR stands for the annual percentage rate, and you can hope for a credit card with the least APR since you have good credit. It is the interest rate that is charged annually over the credit you spend. And the average credit card APR is 15.09, as mentioned in the February report. And on account that assesses interest, on average the APR is 16.91. And hence an APR below the 17.57, can be considered as a good one. And hence, this can be your APR for purchases or the balance transfers since you have a terrific credit.

Explanation:

Please check the answer section.

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If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 150,000 shares of stock E at

eimsori [14]

Answer:

The correct answer is 30.10%.

Explanation:

According to the scenario, the given data are as follows:

Stock A price = $30

Value of stock A = $30 × 210,000 = $6,300,000

Stock B price = $35

Value of stock B = $35 × 310,000 = $10,850,000

Stock C price = $10

Value of stock C = $10 × 410,000 = $4,100,000

Stock D price = $15

Value of stock D = $15 × 610,000 = $9,150,000

So, We can calculate the portfolio turnover rate by using following formula:

Portfolio turnover rate = Value of stocks sold or purchase / Market Value of Assets

Where, Market Value of Assets = Value of stock A + Value of stock B +Value of stock C + Value of stock D

= $6,300,000 + $10,850,000 + $4,100,000 + $9,150,000

= $30,400,000

And Value of stock sold = value of stock D = $9,150,000

So, by putting the following values in the formula:

= Turnover Rate = 9,150,000 / 30,400,000

= 30.10%

Hence, the portfolio turnover rate is 30.10%.

7 0

3 years ago

Price controls on rents are frequently implemented by governments in an effort to protect renters from high housing prices. Diff

Mamont248 [21]

The two primary varieties of price restrictions are known as price ceilings and price floors respectively.

<h3>What exactly are these pricing controls?</h3>

Price control is a technique that the government uses to guarantee that the price of a product or service on the market does not become too high or cheap.

Price controls may be broken down into two categories: price ceilings and price floors. Price floors and ceilings are used to determine the lowest and maximum amounts of a product's price, respectively. Price ceilings are used to determine the maximum amount of a product's price.

Read more about Price controls

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3 0

2 years ago

Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as

kaheart [24]

Answer: $67500$

The right solution is "13,675 U".

Explanation:

According to the question,

The standard material cost will be:

= $25000\times (\frac{90000}{30000} )\times 0.90$

= $25000\times 30000\times 0.90$

= $67,500$

The actual material cost will be:

= $95500\times 0.85$

= $81,175$

hence,

The total material price variance will be:

= $Actual \ cost - Standard \ cost$

= $81175-67500$

= $ $13,675$ (Unfavorable)

3 0

3 years ago

How to archive older page on wayback archivemachine?

77julia77 [94]

I believe you have to search a URL of a website on the wayback machine search bar.

Then, you can browse the past-present years of how that website used to look like.

Hope this helps.

7 0

3 years ago

On January 1, MM Co. borrows $340,000 cash from a bank and in return signs an 8% installment note for five annual payments of $8

Fiesta28 [93]

Answer:

Required 1

<u>January 1</u>

Cash $340,000 (debit)

Note Payable $340,000 (credit)

Required 2

$27,200 goes toward interest expense.

Explanation:

<u>Issuance of the Note :</u>

Assets of Cash are increasing, the Liabilities are also increasing.

<u>Payment at December 31 :</u>

The Annual Payment comprises of Capital Repayment and Interest Expense.

Prepare an amortization schedule using the details of the Note highlighted below to separate the Capital Repayment and Interest Expense Component :

PV = $340,000

PMT = - $85,155

N = 5

i = 8%

P/yr = 1

FV = $0

Note Schedule is attached !

Download pdf

4 0

3 years ago