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3 years ago

Why do credit card companies typically require small minimum payment amounts on their customers' monthly credit card statements.

Business

1 answer:

evablogger [386]3 years ago

7 0

Answer:

C) Credit card companies want to increase profits by promoting slower repayment, and actual customer repayments will be anchored by the smaller payment options

Explanation:

It is always a bad idea to only pay the minimum monthly payment on a credit card debt, since the APR charged is much higher than other personal loans. If someone only makes the minimum payment and continues to purchase goods or pay services, their balance will continue to grow.

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Mention two benefits of positive values at the work place

Trava [24]

giving health care and paying salary

6 0

3 years ago

Benjamin, a military officer, strongly believes that a soldier has to do whatever it takes to protect his or her country. In the

Nastasia [14]

Answer: Post conventional level

Explanation:

The Benjamin are at the post conventional level of the moral development as, the post conventional profound quality is the most worthy phase of profound quality in Kohl berg's model, where people have built up their very own arrangement of morals and ethics that they use to drive their conduct.

Post conventional level is the third and last degree of Kohl berg's ethical improvement scientific categorization where people enter the most abnormal amount of spirit advancement.

Therefore, post conventional level is the correct option.

3 0

3 years ago

Hankins Corporation has 7.5 million shares of common stock outstanding, 275,000 shares of 4.7 percent preferred stock outstandin

yulyashka [42]

Answer:

7.98%

Explanation:

For computing the market value capital structure we need to do following calculations which are shown below:

Market value of stock = 7,500,000 × $62 per share = $465,000,000

Cost of Equity = Risk Free rate + Beta × Market risk Premium

= 3.4% + 1.10 × 7.2%

= 11.32%

Market value of Bond = 108% × $2,000 × 160,000 bonds = $345,600,000

Coupon = 5.6% × 2000 ÷ 2 = 56

Number of Periods(n) = 18 × 2 = 36

Market value = $2000 × 1.08 = $2160

Cost of debt (YTM) using excel formula is

= RATE(36,56,$2,000,-$2,160)

= 4.92%

Market value of Preferred Stock = 275,000 × $94 = $25,850,000

Cost of Preferred Stock = 4.7%

Total value = $465,000,000 + $345,600,000 + $25,850,000

= $836,450,000

Equity ratio = $465,000,000 ÷ $836,450,000 = 0.5559

Debt ratio = $345,600,000 ÷ $836,450,000 = 0.4132

Preferred Stock ratio = $25,850,000 ÷ $836,450,000 = 0.0309

Now the market capital structure is

Cost of Project = Equity Ratio × Cost of Equity + Debt ratio × ( 1-Tax rate) × Cost of Debt + Preferred Stock ratio × Cost of Preferred stock

= 0.5559 × 11.32% + 0.4132 × (1 -24%) × 4.92% + 0.0309 × 4.7%

= 7.98%

3 0

3 years ago

A county three-lane highway that will stretch about 20 miles is being built in Lee Town. This highway is paid for by

nikklg [1K]

Answer:

Explanation:

Because the goverment is shareing the bonds

4 0

3 years ago

Read 2 more answers

Which of the following is a positive statement?

blsea [12.9K]

Answer:

Only Statements B and C are positive statements.

Explanation:

Here we are given a set of statements and we have to find out which all are positive statements,

Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence.

The first statement is just an opinion of some person and hence not a positive statement.

The second statement has solid evidence and can be considered as a positive statement.

The third statement is also positive statement.

The fourth is again an opinion and hence is not a positive statement.

4 0

2 years ago