Ask question

Ask question

All categories

4 years ago

5

You have a balance of $15,300 on your credit card with an 18% interest rate (1.5% per month). You pay $200 this month. Did your

balance go up or down?

2 answers:

kumpel [21]4 years ago

7 0

My balance had to go up $30, since my current balance was $15,300 and the interest rate of 18% or 1.5% per month when I payed $200 this month.

scoundrel [369]4 years ago

3 0

Up! Hope this helped!!!!!

You might be interested in

Colgate-Palmolive Company has just paid an annual dividend of . Analysts are predicting dividends to grow by per year over the n

denis23 [38]

The amount of $97.85 is the price that dividend-discount model predict that Colgate stock should sell for today

<u>Given Information</u>

Current dividend (D0) = $1.59

Dividend payments for next five years includes:

D1 = 1.59 +0.18

D1 = 1.77

D2 = 1.77 +0.18

D2 = 1.95

D3 = 1.95 +0.18

D3 = 2.13

D4 = 2.13 +0.18

D4 =2.31

D5 = 2.31 +0.18

D5 =2.49

Year Cash Flow PVF at 8.1% Present value

1 1.77 0.92506938 1.637372803

2 1.95 0.855753358 1.668719048

3 2.13 0.791631229 1.686174517

4 2.31 0.73231381 1.691644901

5 2.49 0.677441082 <u>1.686828295</u>

Present value of Dividends <u>8.3707</u>

PV of remaining dividends in 5 year = D5 x (1+g)/(Ke-g))

PV of remaining dividends in 5 year = 2.49(1+0.061)/(0.081-0.061)

PV of remaining dividends in 5 year = $132.0945

Given that g=6.1%, ke=8.1%

PV of remaining dividends in year = 0 = PV of the remaining dividends in year 5* 1/(1+0.081)^5

= 132.0945 * 1/(1+0.081)^5

= $89.48624

As per dividend-discount model, Colgate stock should sell for today = PV of Dividends till 5th year + PV of Remaining Dividend at t=0

= $89.48624 + $8.3707

= $97.8531

= $97.85

Hence, the amount of $97.85 is the price that dividend-discount model predict that Colgate stock should sell for today.

Read more about dividend

<em>brainly.com/question/3161471</em>

8 0

2 years ago

40. Using simple math, the Water Utility Fund of Eugene, Oregon has the following subtotals on its December 31, 2019 Statement o

alekssr [168]

Answer:

B. $1,260

Explanation:

The computation of the net position unrestricted is shown below

Unrestricted Net Position is

= Total Current and accrued Assets + Other assets - current liabilities

= $2,000 + $60 - $800

= $1,260

We simply added the other assets and deduct the current liabilities to the total current and accrued assets so that the amount could come in a correct way

Therefore all other information that is not considered is irrelevant. Hence, ignored it

3 0

4 years ago

Exercise 11-1 Compute the Return on Investment (ROI) [LO11-1] Alyeska Services Company, a division of a major oil company, provi

Jobisdone [24]

Answer:

1. 28.09 %

2.0.50 times

3.13.97 %

Explanation:

Margin = Profit / Sales × 100

= $ 5,000,000 / $ 17,800,000 × 100

= 28.09 % (2 decimal places.)

Turnover = Sales / Total Assets

= $ 17,800,000 / $ 35,800,000

= 0.50 times (2 decimal places.)

Return on investment = Divisional Profit Contribution / Assets employed in the division × 100

= $ 5,000,000 / $ 35,800,000 × 100

= 13.97 % (2 decimal places.)

8 0

3 years ago

The buyer of a futures contract A. assumes the short position. B. may not sell the contract without the permission of the origin

Anit [1.1K]

Answer:

D

Explanation:

Firstly, before we answer this question, we need to know what a futures contract is.

A futures contract can be defined as an agreement specifying the delivery of a commodity or a security at an agreed future date and at a currently agreed price.

This means to set a future contract rolling, we need to have an agreed date if delivery and currently agreed price by both parties involved.

Now, to the question, the correct answer is D. He has the obligation to deliver the underlying financial instrument at the specified future date

6 0

3 years ago

What is one of the best known functions of The Consumer Product Safety Commission?

Alik [6]

Answer:

<u>product recalls</u>

Explanation:

Note, the Consumer Product Safety Commission is an agency that is concerned with consumer product safety in general regardless of whether they are food-related products or not.

Hence, <u>this agency among its stated primary objectives on its official website includes carrying out product recalls where necessary.</u>

8 0

3 years ago