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3 years ago

Tim’s credit card has an APR of 24 percent. What is the periodic rate for this credit card?

Business

1 answer:

Bad White [126]3 years ago

6 0

The periodic rate for this card is 12 month period.

Explanation:

APR is short for Annual Percentage Rate, which is the intrigue you're charged over a year time span. For example, a card with 24% APR costs 2% every month on balances that you convey from month to month.

Whatever rate is charged on the credit card is for a period of twelve months which is a period for a year. The interest rate is the cost for using the amount of credit which has been offered by the bank to the owner of the credit card.

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Assume the economy is operating at less than full employment. An expansionary monetary policy will cause interest rates to _____

adoni [48]

When the economy is not at full employment and an expansionary monetary policy is followed:

Interest rates decrease
Investment spending increases

When there is an expansionary monetary policy in place, more money is pumped into the economy which means that there are more loanable funds. This increase in the supply of loanable funds will decrease the interest associated with them.

As a result of interest rates being lower, more businesses and people will be able to borrow money and invest in projects thereby increasing investment spending.

In conclusion, there will be an increase in investment spending due to a decrease in interest rates.

Find out more at brainly.com/question/2343055.

7 0

2 years ago

which of the following home purchasing considerations would probably affect older home buyers the least

juin [17]

I'm guessing it is B because it doesn't have enough information. My reasoning is because: Just because you are buying a house doesn't mean you have kids or will have kids, and if you don't elementary school wouldn't be a factor you will consider

hope this helps

4 0

3 years ago

Cushing Manufacturing assigns overhead based on machine hours. The MillingDepartment logs 1,800 machine hours and Cutting Depart

morpeh [17]

Answer:

Explanation:

The journal entry is shown below:

Milling work in progress A/c Dr $9,000

Cutting work in progress A/c Dr $15,000

To Manufacturing overhead A/c $24,000

(Being overhead allocation is recorded)

The milling work in progress is computed by

= Milling department machine-hours × $ overhead rate

= 1,800 machine hours × $5

= $9,000

And, The cutting work in progress is computed by

= Cutting department machine-hours × $ overhead rate

= 3,000 machine hours × $5

= $15,000

5 0

2 years ago

If Emma decides to buy a new labtop for school ,which of the following is most likely to be her opportunity cost?

Elis [28]

I don't understand is there multipul answer/

3 0

3 years ago

The following information pertains to Sooner Company's cash balance and bank reconciliation as of August 31: Company balance bef

MAXImum [283]

Answer: The correct cash balance for Sooner Company is "(C) $7,150."

Explanation: The balance of the company before the settlement was $ 5000. The data to take into account to adjust the differences are:

Notes collected by the bank $ 2,200

Service fee $ 50

Therefore: 5000 + 2200 - 50 = $7150

6 0

3 years ago