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Strike441 [17]
4 years ago
9

Katsumi applied for a credit card with a limit of $1,000. When the application was approved, Katsumi bought a new CD player and

speakers for $975. The credit card company offered to ignore the finance charges if Katsumi makes the minimum monthly payment of $15. How many months will Katsumi need to pay off the music system at this rate?
Business
1 answer:
OlgaM077 [116]4 years ago
3 0

Answer:

65 months

Explanation:

Data provided in the question:

Limit of the credit card = $1,000

Cost of the new CD player and speakers = $975

Minimum monthly payment made by Katsumi = $15

Now,

since there are no finance charges charged,

therefore,

the net payment that has to be made is $975

Therefore,

Months needed to pay off the rate

= [ Net payment amount ] ÷ [ Minimum monthly payment ]

= $975 ÷ $15 per month

= 65 months

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Schrute Farm Sales buys portable generators for $ 470 and sells them for $ 720 He pays a sales commission of​ 5% of sales revenu
tigry1 [53]

Answer:

The contribution margin statement is found below with a contribution margin of $149,800 and operating income of $145100

Explanation:

Contribution Margin Statement

Sales  revenue ($720*700)              $504000

Variable costs:

Cost of generators($470*700)         ($329000)

Commission(5%*$504000)              <u> ($25200)</u>

Contribution margin                           $149,800

Fixed costs

Rent                                                     ($3000)

Additional commission                      <u> ($1,700)</u>

Operating income                              $145100

Cost of rent is fixed as it is not depended on the quantity of generators sold.

Additional commission is fixed amount,so it is a fixed cost, while costs of buying generators  as well as the commission of 5% are both variable costs.

5 0
3 years ago
A nation's trade deficit will tend to expand when its economy is expanding. its economy is shrinking. its investment environment
Evgesh-ka [11]
<span>Choice (A) is the correct answer. When an economy is expanding, the country will be able to purchase more products from foreign businesses, while also being able to produce more products. This will, in turn, cause the trade deficit to rise while still keeping productivity at the required high level.</span>
3 0
4 years ago
Examine the table comparing two individuals.
Jobisdone [24]

Answer:

1- selma

2- tobacco use

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Explanation:

I just took it on edge

4 0
3 years ago
A research scientist with a major pharmaceutical firm in New Jersey is caught passing on sensitive information, worth millions o
Mnenie [13.5K]

Answer:

Corporate espionage.

Explanation:

Corporate espionage is the act of utilizing espionage techniques for business or financial purposes. We normally consider "espionage" regarding spies taking a shot at benefit of one government attempting to get data about another.

7 0
3 years ago
g Distinguish between the total U.S. debt and the debt held by the public. Why is the debt as a percentage of GDP more relevant
adell [148]

Answer:

The total US debt is all the money that the US federal government owes. While the debt held by the public is only the portion of the US debt held by private entities (e.g. private investors or foreign governments).

In the past (around 20 years ago), government debt owned by federal agencies was much higher, over 40%, with social security being the largest debt holder. This is called intragovernmental debt. That means that around 60% of the debt was held by the public. But in recent years this has changed. Currently. intragovernmental national debt has fallen to 23%. This means that the debt hold by the public is more or less 77%.

Even as intragovernmental debt has decreased, the total size of the national debt is not as important as the percentage of the national debt compared to the GDP. Currently, national debt represents 98.3% of the GDP which is the highest level since WWII. This is really something to worry about because the government spends a huge portion of its budget paying interests on existing national debt and the higher it is, the less money available for other expenses. As the national debt increases in relation to the GDP, it is more difficult for the country to pay it back. The said thing is that politicians do not pay for it, taxpayers pay it.

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