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3 years ago

When you receive your monthly credit card statement, the balance refers to the

Business

2 answers:

jeka57 [31]3 years ago

3 0

Answer:

the amount you spend

Explanation:

iris [78.8K]3 years ago

3 0

amount you spent, is the right answer.

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In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 240 units at

alisha [4.7K]

Answer:

$1,395

Explanation:

Total cost of Inventory purchased

= (No. of units × Per unit price) + (No. of units × Per unit price) + (No. of units × Per unit price)

= (240 × 8) +(340 × 10) +(440 × 11)

= 1,920 + 3,400 + 4,840

= $10,160

Number of units purchased = 240 + 340 + 440

= 1,020

Average cost per unit = total cost /No. of units

= 10,160 /1,020

= $ 9.9608 per unit

Cost of ending inventory = 140 × 9.9608

= $1,395

8 0

3 years ago

Seven months ago, you purchased 580 shares of Mitchum Trading for $70.53 per share. The stock pays a quarterly dividend of $.39

Marina CMI [18]

Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.

<h3>How much dividend income was received?</h3>

The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.

The amount received is:

= Number of share x Number of quarters x dividend per quarter

= 580 x 2 x 0.39

= $452.40

Find out more on dividends at brainly.com/question/25845157.

#SPJ1

3 0

2 years ago

A five-year bond has a par value of 1000, a coupon of 3%, and a required yield of 5%. What should be the market price of this bo

Dmitrij [34]

Answer:

The market price of the bond is $913.41

Explanation:

The coupon payment is annual, meaning it is being paid once a year.

N(Number of years/Number of periods) = 5

I/Y(Yield-To-Maturity) = 5 percent

PMT(coupon payment) = $30 [(3/100) x $1,000]

FV(Future value/Par value) =$1,000

PV(present value or market value) = ?

Now to solve this, lets use a financial calculator (e.g Texas BA II plus)

N= 5; I/Y = 5%; PMT = $30; FV = $1,000; CPT PV = -$913.41

Therefore, the market price of the bond is $913.41

4 0

3 years ago

Explain the imortance of feedback in the communication process.(3marks)

liraira [26]

Feedback gives somebody another point of view other than there own allowing them to improve themselves

7 0

3 years ago

McKinnon Enterprises owns a professional ice hockey team, the Rockford Penguins. The company sells season tickets for its upcomi

AnnZ [28]

Answer:

option (B) $640,000

Explanation:

Data provided:

Amount received = $960,000

Total duration of a season = 6 months

Duration from January 1, 2018 to April 2018 = 4 months

Therefore,

The Deferred revenue recognized = $\frac{\textup{960,000}}{\textup{6 months}}$ × 4 months

The Deferred revenue recognized = $160,000 × 4 months

The Deferred revenue recognized = $640,000

Hence,

The correct answer is option (B) $640,000

4 0

3 years ago