Which of the following defines motivation?

While she was travelling, Zainab took advantage of the convenience of cash withdrawals on her credit card since her Canadian deb

Dvinal [7]

1. Zainab's total bill when she got home will be <u>$3,703.33.</u>

2. The total interest paid is <u>$28.33</u>.

<h3>What is a credit card?</h3>

A credit card is a payment card that enables the cardholder to make purchases charged to a line of credit instead of the account holder's cash deposits. The credit card account accrues interest periodically (most ideally, daily) and payment may be required each month to offset the balance.

<h3>What is Future Value?</h3>

The future value is the amount that will be due on an investment or payment after compounding interest for a future date. The future value can be computed with the formula below.

FV = PV(1+r)^n

Where:

FV = future value

PV = present value

r = annual interest rate

n = number of periods interest held

The future value can also be calculated using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

Annual interest rate = 28%

Daily interest rate = 0.0767 (28%/365)

N (# of periods) = 21 days

I/Y (Interest per year) = 28%

PV (Present Value) = $0

PMT (Periodic Payment) = $175

P/Y (# of periods per year) = 365 days

C/Y (# of times interest compound per year) = 365 days

<u>Results</u>:

FV = $3,703.33

Sum of all periodic payments = $3,675.00 ($175 x 21)

Total Interest = $28.33

Thus, Zainab's total bill is $3,703.33 with an interest of $28.33.

Learn more about future value (total bill) at brainly.com/question/24703884

7 0

2 years ago

A formal written statement of management's plans for the future, expressed in financial terms, is a a.budget b.gross profit repo

Yanka [14]

Answer:

a.budget

Explanation:

The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.

It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms

Hence, the correct option is a. budget

3 0

3 years ago

Which type of interest can earn more money over the long term?

guajiro [1.7K]

Compound interest would be the correct answer.

4 0

2 years ago

Demand for walnut fudge ice cream at the Sweet Cream Dairy averages 5.9 gallons per day. The dairy uses a continuous review (reo

RSB [31]

The optimal reorder point of Sweet Cream Dairy is 27.71 or 28 (rounded off) and Safety stock is 15. 91 or 16 gallons (rounded off)

Explanation:

the reorder point is to multiply the average daily usage rate for an inventory item by the lead time in days to replenish it.

The safety stock formula with standard deviation is more complicated but also more accurate.

Safety stock = desired service level × standard deviation of lead time × demand average

Safety stock = ( 93÷100) × 2.9 × 5.9 = 15. 91 or 16 gallons (rounded off)

$Safety stock = ( 93÷100) × 2.9 × 5.9 = 15. 91 or 16 gallons (rounded off)$

Reorder Point = (Average Daily Usage x Average Lead Time in Days) + Safety Stock

= (5.9 x 2) + 15. 91 = 11.8 + 15.91 = 27.71 or 28 (rounded off)

$= (5.9 x 2) + 15. 91 = 11.8 + 15.91 = 27.71 or 28 (rounded off)$

7 0

2 years ago

1. What is a supply chain? How can managerial accountants help to improve the supply chain?

murzikaleks [220]

Answer: 1a. A supply chain is the summation of processes involved in ensuring that goods manufactured by a company gets to the final consumer.

Explanation:

1b. Managerial Accountants can improve the supply chain by looking out for hitches in the distribution cycle of goods and being proactive about handling them. Some measures to achieve these are;

1. Effective Logistics Network - All the resources used on logistics such as vehicles, Information technology devices/software, human resources, etc., should be regularly checked to be in good form at all times and equally, efficient.

2. Stock Control - Goods that may be required by costumers at any point in time should always be available.

3. Efficient Payment System - All resources used for payment including bank account information point of sale machines, should be regularly checked to be in good order.

4. Distribution Strategies - A clear cut map should be put in place by the management to facilitate an efficient and prompt delivery system. This can be done by strengthening all departments involved in distribution.

2. Sustainable Practices are those methods of production or initiatives, adopted by companies that seek to limit damage to the environment. An example, is recycling. These practices are geared at ensuring a safer world.

I would invest in a company that discloses their sustainable practices, first, because I believe they are transparent, and secondly because I believe that such companies aim at being enduring companies which are evolving and living up to the demands of a cleaner earth.

7 0

3 years ago