1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SVEN [57.7K]
3 years ago
9

Francisco's credit card has an APR of 13%, calculated on the previous

Business
1 answer:
lora16 [44]3 years ago
5 0

Answer:

$279.53

Explanation:

The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:

Principal paid =

$47.67+$47.23+$46.80+$46.37+$45.94+$45.52

=$279.53

Therefore how much of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.

You might be interested in
Siddhi enters into a contract offering variable consideration. The contract pays Siddhi $2,000/month for six months of continuou
natta225 [31]

Answer:

B. $2,667

Explanation:

Note that this is NOT an expected value question. The question asks for the most likely amount.

There are two possible bonuses, one of $6,000 with a 40% chance and another of $4,000 with a 60% chance. Since it has higher odds, the $4,000 bonus is the most likely and should be the one considered.

Therefore, his total revenue recognized over 6 months would be:

R= 6*2,000 +4,000 = 16,000

For the first month:

R_{1} =\frac{16,000}{6}\\R_{1} = \$ 2,667

6 0
3 years ago
A project that costs $17,000 today will generate cash flows of $4,100 per year for seven years. What is the project's payback pe
LenKa [72]

Answer:

the payback period is 4.15 years

Explanation:

The computation of the payback period is shown below:

= Initial investment ÷ Generated cash flows

= $17,000 ÷ $4,100

= 4.15 years

By dividing the initial investment from the annual cash flows per year we can get the payback period

hence, the payback period is 4.15 years

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
3 years ago
The position that is in charge of keeping track of how caucus members are planning to vote and communicating leadership position
Andru [333]

In the given statement above, the one responsible of these duties and the roles that is played above are the Majority and the Minority Whips in the Senate as they are responsible of having to keep tract vote on the upcoming bills and communicating to the leaders in regards with legislative votes.

7 0
3 years ago
The minimum that firm needs to do to engage in international business is to: Invest directly in in operations in another country
ale4655 [162]

Answer: Export or import products from other countries.

Explanation:

Anything that has to do with the trading in goods and services with an entity from another country constitutes international business.

The minimum that one has to do therefore, to be involved in international business is to simply export to other countries or import from them. This is the cheapest and most widespread method of international business and as a result, represents the bulk of international business.

5 0
3 years ago
Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would in
Savatey [412]

Answer:

Debit to sales discounts for $100

Explanation:

Please see journal entry to record the sales below;

a. Dr accounts receivable $5,00

To sales revenue account $5,000

(Being merchandise that is sold on credit basis)

Suppose payment is made within 10 days, the journal entry will be;

Dr Cash account $4,900

Sales discount account $100

(5,000 × 2%)

To accounts receivable $5,000

(Being cash that is received)

8 0
3 years ago
Other questions:
  • Apple Inc. reported revenues of 234 billion USD and net income of 53 billion USD in 2015. These figures represent a stunning ann
    13·2 answers
  • Which of the following statements is​ correct? A. If a customer returns a​ product, sales revenue will be credited. B. A company
    8·1 answer
  • The interest rate the Fed charges for overnight loans is known as the _____.
    8·2 answers
  • Saks is expected to pay a dividend in year 1 of $1.80, a dividend in year 2 of $2.12, and a dividend in year 3 of $2.69. After y
    6·1 answer
  • Sager Industries is considering an investment in equipment that will replace direct labor. The equipment has a cost of $86,000 w
    5·1 answer
  • Gillian prepared beautiful photographs in Keynote to illustrate various parts of her speech about the Grand Canyon. When Gillian
    8·1 answer
  • How is elasticity related to the revenue from a sales tax?
    7·1 answer
  • When determining which activity to crash, there are other factors that should be assessed beyond cost. Which of the following is
    6·1 answer
  • Which of the following questions would be the best to ask if you were interviewing a candidate for a senior management position?
    8·1 answer
  • Larance Detailing's cost formula for its materials and supplies is $1,910 per month plus $10 per vehicle. For the month of Novem
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!