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3 years ago

Which of the follow will happen if you miss a monthly credit card payment?

1 answer:

7 0

After missing a payment, you'll likely see two charges: A late fee, usually between $25 and $35, and interest on the balance. If the missed payment was an accident,you may want to call your issuer and explain that the missed payment was an accident, it won't happen again and you've already made a payment.
Have a wonderful day !!!!!! :)

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Suppose that the Bethesda Mining Company had sales of $2,166,873 and net income of $108,381 for the year ending December 31, 201

In-s [12.5K]

Answer: attached below

Explanation:

6 0

3 years ago

Giselle has $10,000. She could put it in a CD earning 2% interest, a tech stock earning an 18% return this year, a mutual fund l

Arturiano [62]

The investment with the lowest volatility is the CD.

CD stands for Certificate of Deposit. It is a savings certificate that states that the bearer of the certificate is entitled to receive interest. A Certificate of Deposit reflects the amount invested, specified interest rate, and its maturity date.

In Giselle's case, her CD will reflect a $10,000 with an interest rate of 2% compounded annually and a maturity date that is either one month up to five years from the day of opening the CD account and depositing the cash.

Regardless of what happens in the stock market, Giselle is assured of earning 2% from her $10,000 investment. For example: her term is 1 year.
$10,000 * 2% * 360/360 = 200 is the interest she will earn for the year.

4 0

4 years ago

On January 1, Year 1, Li Company purchased an asset that cost $25,000. The asset had an expected useful life of five years and a

NeX [460]

Answer:

Amount of depreciation expense =$5,250

Explanation:

Under the straight line method the same amount is charged as depreciation expense over the estimated useful life of the asset

Initial depreciation = cost - salvage value /number of years

= (25,000 -5000)/5

= 4000 per year

Accumulated depreciation for 4 years= 4000× 3 = 12,000

Revised depreciation = (25,000 -12,000 - 2500)/2

=$5250 per year

Amount of depreciation expense for year 4 =$5250

8 0

3 years ago

On January 1, Year 1, Barnes Company issued a $100,000 installment note. The note had a 10-year term and an 8 percent interest r

Olenka [21]

Answer:

The multiple choices are as follows:

a. $100,000

b. $92,000

c. $93,097

d. $96,903

The correct option is C,$93,097

Explanation:

The principal balance of the note on January 1 year 2 is computed by first of all adding the first year interest to principal amount of $100,000 then deducting the annual principal and interest repayment of $14,903.

Find the computation below:

Opening balance of the note in year 2=$100,000+($100,000*8%)-$14,903

=$100,000+$8,000-$14,903

=$93,097

The opening balance in year 2 is $93,097

Option A is wrong because $100,000 was initial amount of the note.hence no repayment and interest have been considered.

Option B is also incorrect because $92,000 means $100,000 minus the interest on the note,whereas the interest should have been added.

8 0

3 years ago

Read 2 more answers

Despite the usefulness of a large brain in a cultural environment, the size of the human brain has not significantly increased f

Yuri [45]

Answer:

cultural brain hypothesis

please give brainliest

6 0

2 years ago