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Klio2033 [76]
3 years ago
11

You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are payin

g each month?
Business
1 answer:
Sloan [31]3 years ago
5 0
<span>You are paying 11% interest on a credit card balance of $2,000. 
=> 2 000 * .11 =  220 dollars is the interest.
Next is to total or sum up the amount to be paid.
=> 2 000 + 220 = 2220 dollars 

</span>
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A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's
ser-zykov [4K]

Answer:

d. loss of exactly $27.

Explanation:

Under a competitive firm, a profit-maximizing firm level of output can be find out by equating the marginal revenue with its marginal cost i.e

Marginal revenue = Marginal cost

As we know that

Average total cost = Total cost ÷ Quantity

$10 = Total cost ÷ 9

So, the total cost is

= $10 × 9

= $90

And,

Total revenue = Price  ×  quantity

= $7 × 9

= $63.

So,

Profit = Total revenue - total cost

= $63 - $90

= -$27

This amount comes in a negative which reflects that there is a loss of $27

4 0
3 years ago
What important element of the watergate scandal, investigation, and court cases was not covered by the constitution?
grigory [225]
The answer to the question is the "Executive Privilege".

The executive privilege is an important element of the watergate scandal, investigation, and the court cases that was not covered by the constitution.This executive privilege is carried by the president of the executive branch.
8 0
3 years ago
If the money supply is growing at a rate of 3 percent per​ year, real GDP​ (real output) is growing at a rate of 3 percent per​
myrzilka [38]

Answer:

0%

Explanation:

Given that,

Growth rate of money supply = 3% per year

Real GDP growth rate = 3% per year

Velocity = Constant

According to the quantity growth theory of money,

M + V = P + Y

where,

M = Growth rate of money supply

V = Velocity

P = Inflation rate

Y = Real GDP growth rate

M + V = P + Y

3% + 0 = P + 3%

3% - 3% = P

0% = P

Therefore, the inflation rate is 0%.

6 0
3 years ago
Kasey Corp. has a bond outstanding with a coupon rate of 5.86 percent and semiannual payments. The bond has a yield to maturity
BaLLatris [955]

Answer:

Market price = $2,464.21

Explanation:

coupon rate = 5.86% / 2 = 2.93%

YTM = 4.3% / 2 = 2.15%

face value = $2,000

periods to maturity = 24 x 2 = 48

Present value of face value = $2,000 / (1 + 2.15%)⁴⁸ = $720.42

Present value of coupon payments = $58.60 x {[1 - 1/(1 + 0.0215)⁴⁸ ] / 0.0215} = $1,743.79

Market price = $2,464.21

3 0
3 years ago
Someone please help!!!
Vitek1552 [10]

Answer:

Dollar Tree = $5,643

Target = $11,297

Explanation:

For dollar tree, using the given equation:

13,501 = 7,858 + stockholder's equity

Stockholder's equity = 13,501 - 7,858

= $5,643

For target, using the given equation:

41,290 = 29,993 + stockholder's equity

Stockholder's equity = 41,290 - 29,993

= $11,297

5 0
2 years ago
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