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azamat
3 years ago
7

Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing

an electronic reader for $140. Check all that apply.
Business
2 answers:
Gemiola [76]3 years ago
5 0

This question is incomplete because it lacks the options

Complete question:

Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing an electronic reader for $140. Check all that apply.

1.If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $140.

2.If Mo pays cash, the cost of the purchase will be $140.

3.If Mo uses the credit card and pays off the balance at $30 a month for 7 months with no late fees, the cost of the purchase will be $143.34.

4.If Mo pays cash, the cost of the purchase will be $135.80.

5.If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.

6.If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.88.

Answer:

2) If Mo pays cash, the cost of the purchase will be $140.

5) If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.

6) If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.88.

Explanation:

For the above question, the options 2), 5) and 6) are the correct options that apply. This is explained below in the following reasons.

a) The cost of the electronic reader is $140. Mo has a credit card and he can decide to use his credit card or not to use it. If Mo decides to pay cash for the electronic reader, the amount he would pay as the cost of the purchase would be $140 in cash.

This makes option 2 correct.

b) If Mo decided to use his credit card to pay for the electronic reader, he has a discount of 3% on every purchase.

Therefore,

The purchase costs $140, 3% of $140 =

3% ÷ $140 = 3/100 ÷ $140

= $4.2

So Mo is paying $4.2 less than the original amount of the purchase.

Hence, $140 - $4.2

= $135.8

This makes option 6 correct.

c) If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.

This makes option 5 correct.

Nastasia [14]3 years ago
4 0

Answer:

2,5,6

Explanation:

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An economist is a person who has expertise or who is an expert in the field of Economics. The Economists make assumptions about the economies to focus their thinking on the essence of the problem they have at the moment. They predict the economy, they analyze the economy, they suggest solutions to the problems concerning the economy on the basis of their experience and the new studies being carried up by them. So for this purpose they make assumptions because they want to clearly analyze the situations and want to see what impact their decision will make on the economy, which give them a clear picture about the possible solutions of the problem they have at hand at the moment.

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3 years ago
Define internal customers​
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3 years ago
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15,351.00 unfavourable

Explanation:

<em>Material quantity variance occurs when the actual quantity used  to achieved a given level of output is more or less than the standard quantity.</em>

<em>It is determined by the difference between the actual  and standard quantity of material for the actual level of output multiplied by the the standard price</em>

                                                                                              gram

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but did used                                                                        <u>2,400</u>

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Material quantity variance                                         1<u>5,351.00</u> unfavourable

           

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