Complete question:
Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.
What is Bradley's minimum payment?
A) $158
B) $189
C) $270
D) $1,890
Answer:
Bradley's minimum payment is (C) $270.
<h3>What is the percentage?</h3>
- A percentage is a fraction of a whole expressed as a number between 0 and 100.
- Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
- To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>
Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.
So, to find the minimum payment find 3% of $9000.
3% of $9,000 = $270.
Therefore, Bradley's minimum payment is (C) $270.
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Answer: 60000
Explanation:
We will calculate the share price post warrant issues which will be:
= $10 + $1.25
= $11.25
Then, let the number of warrant issues is represented by x. Slotting this into the formula for the share price post warrant issued will go thus:
11.25 = (3450000 + 10×x) / (300000 + X)
3375000 + 11.25x = 3450000 + 10x
Collect like terms
11.25x - 10x = 3450000 - 3375000
1.25x = 75000
x = 75000/1.25
x = 60,000
Therefore, the number of warrant issued is 60,000
Answer:
$39,000 unfavorable
Explanation:
In static budget the values do not change even if there is any significant change in volume or activity. The value are fixed and the variance are calculated from these fixed amounts.
Budgeted machine hours = 16,000 hours
Budgeted cost = $15,000 + $10.5 per machine hour = $15,000 + 10.5 x 16,000 = $183,000
Actual cost = $222,000
Variance = Actual cost - Budgeted cost = $222,000 - $183,000 = $39000
It is an unfavorable variance because actual cost is more that the budgeted, company has incurred more expenses than they planned.
Because of the logarithmic way of the pH scale, it is wrong to just normal pH values and reports them. Rather, it is more suitable to report the middle pH esteem or give the scope of pH qualities watched. Condition speaks to the assurance of pH from the negative log base 10 of hydrogen particle movement.
Answer:
-The right to convert the shares to common shares
-The right to redeem the preferred shares for cash