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algol13
3 years ago
8

Q 6.3: Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approxima

te monthly interest rate that will apply to any unpaid balances on this credit card? Assume 12 equal months. A : 4.1%. B : 26.0%. C : 13.0%. D : 2.17%.
Business
1 answer:
lbvjy [14]3 years ago
5 0

Answer:

D : 2.17%.

Explanation:

The 26% is an APR(Annual Percentage Rate). This is a quoted rate that  a credit card company charges . It is also known as the  nominal rate.

Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;

Monthly rate = APR / n

APR = 26% or 0.26 as a decimal

n = compounding periods = 12

therefore, Monthly rate = 26% /12 = 2.17%

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Answer:

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Explanation:

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(Being the common stock is issued is recorded)

While recording this transaction we debited the cash account as it increased the asset side and credited the common stock as the equity is increased so that the proper posting could be done

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3 years ago
Qual é a diferença entre o português de Portugal e o português do Brasil​
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No que diz respeito aos verbos, em Portugal as pessoas não usam o gerúndio por exemplo: está a chover torna-se "está a chover". No Brasil as pessoas falam "está chovendo".
O vocabulário também apresenta algumas diferenças, por exemplo, no Brasil, a palavra para garçom é Garçom, que foi adotada do francês garçon (que significa menino). Em português europeu, a palavra para garçom é "funcionários de mesa".
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Explanation:

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Katen [24]

Answer:

D. Helps managers to act rapidly and with autonomy

Explanation:

The management control system defines that every policy and procedure should be followed in a proper manner and work on new strategies for the benefit of the organization. It helps in managing the hierarchy level and differentiates the performance company resources like finance, marketing, sales, Human resource management, operations, etc.  

Therefore the management control system provides to work with sovereignty so that the work runs in a smooth and inefficient and effective manner. It also helps the managers to take the action quickly before things go out of control.

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Juliette [100K]

Answer:

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Economies of scale -

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This process can be done by increasing the production of the goods and services , and thereby reducing the overall cost of the product , and more number of consumers will try to grab the product , and hence ,

The profit of the company will increasers .

Hence , from the given scenario of the question ,

The correct answer is economies of scale .

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