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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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Answer:

c. $(5,000)

Explanation:

Calculation for the record of either gain/(loss)

In Case B

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Fair Value amount was $34,100

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Using this formula

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Let plug in the formula

Gain/(loss)=$39,100-$34,100

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Grand Forks would record a loss of $5,000 because the fair value which is the price the buyer is willing to buy the asset is lesser than than book value amount.

8 0
4 years ago
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patriot [66]
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5 0
4 years ago
Molen Inc. has an outstanding issue of common stock with an annual dividend of $8.50 per share. The stock's annual dividend is e
Pavel [41]

Answer:

price stock sell today is $141.67

Explanation:

given data

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stock = 6.0%   = 0.06

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solution

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put here all these value

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so price stock sell today is $141.67

4 0
4 years ago
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gtnhenbr [62]

Answer:

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4 years ago
Read 2 more answers
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