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Evgesh-ka [11]
3 years ago
11

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

Business
1 answer:
lorasvet [3.4K]3 years ago
7 0
After missing<span> a </span>payment<span>, </span>you<span>'ll likely see two charges: A late fee, usually between $25 and $35, and interest on the balance. </span>If<span> the </span>missed payment<span> was an accident,</span>you<span> may want to call your issuer and explain that the </span>missed payment<span> was an accident, it won't </span>happen<span> again and </span>you<span>'ve already made a </span>payment<span>.
                                      Have a wonderful day !!!!!! :) </span>
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Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for Januar
Mkey [24]

Answer:

$70,707

Explanation:

Given that,

Sales (3,300 units) = $ 128,700

Variable expenses = $65,637

Contribution margin = $63,063

Fixed expenses = $47,900

Net operating income = $15,163

Contribution margin per unit:

= Sales revenue per unit - Variable cost per unit

= ($ 128,700 ÷ 3,300) - ($65,637 ÷ 3,300)

= $39 - $19.89

= $19.11

If the company sells 3,700 units,

Total contribution margin:

= Contribution margin per unit × Number of units sold

= $19.11 × 3,700 units

= $70,707

3 0
4 years ago
The Federal Reserve conducts a $30 million open-market purchase of government bonds. If the required reserve ratio is 15 percent
PIT_PIT [208]

Answer

a. 200 million

b. 30 million

The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
4 years ago
Inflation is running at 1.2% per year when you deposit $11,000 in an account earning 6% compounded monthly. In constant dollars,
nordsb [41]

Answer:

$13,316.54

Explanation:

Data provided in the question:

Inflation rate, i = 1.2% = 0.012

Deposits = $11,000

Interest rate, r = 6% = 0.06

Time, t = 4 years

since compounded monthly, number of periods n = 12

Now,

Future value of money with the interest

= Deposits × [1+ \frac{r}{n}]^{n.t}

= $11,000 × [1+ \frac{0.06}{12}]^{12\times4}

= $13,975.38

Considering the inflation,

Amount after 4 years = Future value × [1 - i ]ⁿ

= $13,975.38 × [1 - 0.012]⁴

= $13,316.54

5 0
3 years ago
Hutchison Whampoa Limited (HWL) has businesses in ports and related services, telecommunications, property and hotels, retail an
postnew [5]

Answer: b. unrelated

Explanation:

There are several types of diversification strategies that a company can follow in order to better take advantages of the opportunities offered by integrating business interests in various industries.

Some companies are not like this however as they follow an unrelated diversification policy where they do not integrate the different divisions that make up the company or make any effort to transfer core competencies. Instead they generally add divisions that do not relate with the previous divisions that they have and leave them to run on their own.

This is what Hutchison Whampoa is doing so this is an unrelated diversification strategy.

4 0
3 years ago
Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investm
dsp73

Answer:

If we assume that in year 2018 , Bloomfield had same amount of percentage of ownership in Clor as they had in 2017 then in 2018 the amount of percentage that Bloomfield will held in Clor would be 28.45%.

Explanation:

Here it is given that we are to assume that Bloomfield accounts for its investment in Clor under the equity method and given investment in 2017 was $150,150 and investment in 2018 is $165,800.

So for calculating the amount of percentage we can assume that the percentage is X, and here we will add amount in 2017 with X% of ( net income - dividend declared ) to get the total amount in 2018.

$150,150 + X% ( $75,900 - $20,900 ) = $165,800

$150,150 + X% ( $55,000 ) = $165,800

X% (55,000) = $165,800 - $150,150

X% = 15,650 / 55,000

X% = .28454 ( MULTIPLYING BY 100 )

X% = 28.45

6 0
4 years ago
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