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BabaBlast [244]
3 years ago
7

Langston will pay $575 to three different credit cards: Expert Card, Passport, and US Speedy. She will pay three times as much t

o Expert Card as US Speedy since it has a higher balance. She also expects the Passport payment to be only 15% of the total of the other two payments. How much will Langston pay towards the Passport credit card balance?
Business
1 answer:
Gre4nikov [31]3 years ago
6 0

Answer:

$75

Explanation:

Let, the payment made towards US Speedy credit card be 'U'

Therefore,

According to the question:

Payment made towards Express credit card, E = 3U

Total for the two cards = U + E

= U + 3U

= 4U

also,

Payment made towards passport credit card = 15% of 4U

= 0.15 × 4U

= 0.6U

Given: Total payment made = $575

Therefore,

E + U + 0.6 U = $575

or

3U + U + 0.6U = $575

or

4.6U = $575

or

U = $125

Hence,

Payment made towards passport credit card = 0.6U

= 0.6 × $125

= $75

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If a county government decided to build parks, then the money and resources would not be available for additional fire fighters.
Keith_Richards [23]

Answer:

a. Misallocation of resources

Explanation:

Misallocation of resources implies that assets are not put to their best, best, or proficient use. The utilization of the term misallocation in financial matters is that market analysts recognize two kinds of efficiencies: productive and allocative. The productive alludes to the (effective) utilization of assets to deliver given merchandise and ventures. The allocative alludes to which merchandise and enterprises ought to be created, and who ought to get the opportunity to devour them. Financial matters are generally worried about allocative thought of productivity.

3 0
3 years ago
Sarah is preparing for the baptism of Chris. He bought five dressed chicken weighing 1 3/4, 2 1/8, 1 1/3,1 2/5, and 2 1/2 kilogr
wlad13 [49]

The total weight of the chicken is 9\frac{5}{48} kg.

The total weight of the chickens can be determined by adding the weights of the five chickens together.

Addition is a basic mathematical operation that is carried out by adding two or more numbers together.

Total weight = 1\frac{3}{4} + 2\frac{1}{8} + 1\frac{1}{3} + 1\frac{2}{5} + 2\frac{1}{2}

7\frac{720 + 120 + 320 + 384 + 480}{960}

7 \frac{2020}{960}

9\frac{5}{48} kg

To learn more about adding fractions, please check:

brainly.com/question/11664473?referrer=searchResults

7 0
2 years ago
One reason many companies do not organize themselves as an s corporation is that this form of business:
S_A_V [24]

Answer:

S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

Explanation:

There are specific pre-requisites before a company may apply as an S corporation

  • It implies that corporation shareholders must be U.S. residents only who directly own the shares.
  • Maximum 100 shareholders can be part of S corporation.  
  • The stock options are restricted to one class only.

The limited stock options, no foreign investment challenges and limitation of maximum shareholders create a barrier to open S type corporation. So the answer is S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

7 0
3 years ago
This year, Callie and Neil formed the equally owned CN partnership. Callie contributed $300,000 of cash and Neil contributed rea
Nitella [24]

Answer:

1. a. Callie =$375,000

b. Neil $25,000

2. Equal

Explanation:

The computation of given question is shown below:-

1. Adjusted Callie contribution = $300,000

Neil contribution = $100,000 × 50%

= $75,000

Callie basis in partnership interest after the formation = $300,000 + $75,000

= $375,000

Adjusted Neil contribution = $100,000

Neil contribution = $100,000 × 50%

= $75,000

Neil basis in partnership interest after the formation = $375,000 - $75,000

= $25,000

2. Equal or in Profit-Loss Sharing Ratio

In the profit - loss sharing ratio or equal when debt is allocated between the two partners

6 0
3 years ago
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.90, but management expects to reduce the p
GrogVix [38]

Answer:

The price of the stock is $66.5

Explanation:

The constant growth model of the DDM approach will be used to calculate the price of such a stock today.

The formula for the constant growth model is,

P0 or V = D0*(1+g) / r - g

As the growth rate in the company's dividedn is negative, the growth rate will be -5%.

The price of the stock is,

P0 = 11.9 * ( 1 - 0.05) / 0.12 + 0.05

P0 = $66.5

6 0
3 years ago
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