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3 years ago

10

Mindy's credit card has an APR of 15%, calculated on the previous monthly balance, and Mindy makes a payment of $50 every month.

Her credit card record for the last 7 months is shown in the table below. What were the finance charges in month 2?

2 answers:

laila [671]3 years ago

5 0

The answer to this question is $0.56

BabaBlast [244]3 years ago

3 0

The Apex answer that I just got was $0.56.

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A consumer is someone who uses goods and services.<br> True<br> False

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A decrease in GDP is most closely associated with what?

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3 years ago

A firm creates value by?

djverab [1.8K]

Answer:

Paying more cash to its creditors and stockholders than the amount it received from them (1)

Explanation:

Stockholders are the primary owners of the company who have invested their money in the company's shares i.e equity holders and expect a reasonable returns higher than their investment.

Creditors are money lenders like banks i.e debt holders who have given loan or bank overdraft to the company and expecting the company to pay back at an agreed date with interest.

A firm creates value by being able to invest money sourced from various investors into a viable project that guaranteed greater returns than the weighted average cost of capital.

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3 years ago

(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a

Lorico [155]

The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

To learn more about comparative cost from the given link:

brainly.com/question/8141905

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2 years ago

Billy's is currently an all equity firm that has 115000 shares of stock outstanding at a market price of $36.22 a share. The fir

Len [333]

Answer:

So, Break-even EBIT is $265,643.45

Explanation:

Let Break-even EBIT be $x

Number of shares outstanding = 150,000

Current Price of share = $39.36

EPS = EBIT / Number of shares outstanding

EPS = $x / 150,000

Levered Plan:

Value of Debt = $100,000

Interest Rate = 9.6%

Interest Expense = 9.6% *$100,000 = $9600

Number of shares repurchased = $100,000 / $39.36

Number of shares repurchased = $2,541

Number of shares outstanding = 150,000 - 2,541

Number of shares outstanding = 147,459

EPS = (EBIT - Interest Expense) / Number of shares outstanding

EPS = ($x - $9600) / 147,459

EPS under All equity plan = EPS under levered plan

$x / 150,000 = ($x - $9600) / 147,459

147,459 * $x = 150,000 * $x - $675,000,000

$675,000,000 = 2,541 * $x

$x = $265,643.45

So, Break-even EBIT is $265,643.45

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4 years ago