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ki77a [65]
3 years ago
5

Zoe Robinson has several credit cards, on which she is carrying a total current balance of $15,500. Her current cards charge her

12% per year. She is considering transferring this balance to a new card issued by a local bank. The bank advertises that, for a 4 percent fee, she can transfer her balance to a card that charges a 0 percent interest rate on transferred balances for the first 9 months.
Calculate the fee that Zoe would pay to transfer the balance.
Business
1 answer:
yanalaym [24]3 years ago
7 0

Answer:

$620

Explanation:

The computation of the fess that have to paid for transferring the balance is shown below:

= Total current balance × given percentage fee

= $15,500 × 4%

= $620

We simply multiplied the total current balance with the given percentage fee so that the fee amount could arrive

All the other information which is given is not relevant. Hence, ignored it

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Lyon co. collected $1,200 in sales tax from customers during the month of march. in
slava [35]

Answer:

sales tax payable     1,200 debit

                 cash                               1,200 credit

Explanation:

To record this entry we need to understand the sales tax is not an expense for the company as is charged into the invoice and paid by the customers.

The company is an intermediate agent between the customer and the government. The company's role is to collects the tax and pay to the government. We need to record the payment of 1,200 to the government thus, we write-off the sales tax payable and credit the cash give away to the IRS

7 0
4 years ago
Ethical Concerns in Human Resources
Dennis_Churaev [7]

Answer:

Ethical Concerns in Human Resources

Matching Ethical Issues with Ethical Concerns:

A. Mike, a new employee, was distressed to learn that he was expected to help with the illegal dumping of medical waste.

3. Right of freedom of conscience

B. One of the important messages of HIPPA (the Health Insurance Portability and Accountability Act) is the need to keep employee health records confidential.

2. Right of privacy

C. Sharon complains because the employer hired her for the day shift, but now she is expected to work the midnight shift.

5. Right of free consent

D. Many companies establish Employee Assistance Programs (EAPs), which offer employees many important benefits, including a complaint process so that employees will feel free to share their concerns.

1. Right of freedom of speech

E. Ed felt he was being demoted because of his age, not of his performance, so he asked for a meeting with the director of HR.

4. Right to due process

Explanation:

Data:

Ethical Concerns:

1. Right of freedom of speech

2. Right of privacy

3. Right of freedom of conscience

4. Right to due process

5. Right of free consent

b) Ethical principles:

Mutual benefits: This principle refers to equity in sharing benefits and costs.

Assumption of responsibility: This principle demands accountability with responsibility.

Having a sense of purpose or vision: This principle refers to the fulfilment of purpose that is considered reasonable by others.

Fairness: The principle requires the absence of favoritism  and discrimination.

8 0
3 years ago
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p
andrew11 [14]

Answer:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0  

March = $44,445

Explanation:

Note: The merged data given in the question are sorted before answering the question as follows:

                            Cash Receipts                  Cash payments

January                    $ 518,000                             $ 461,500

February                     403,000                               346,500

March                          467,000                               523,000

Explanation of the answer is now given as follows:

Note: See the attached excel file for the cash budget.

In the attached excel file, the following calculations are made:

January loan repayment = January Preliminary cash balance - Minimum required cash balance = $105,500 - $50,000 = $55,500

March Additional loan = Minimum required cash balance - March Preliminary cash balance = $50,000 - $5,555 = $44,445

From the attached excel file, we have:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0  

March = $44,445

Download xlsx
7 0
3 years ago
Clinicians and researchers seek to more efficiently and rapidly complete the cycle of bench to bedside to bench. these efforts a
DerKrebs [107]
These efforts are termed TRANSLATIONAL PHARMACOLOGY.
Translational pharmacology refer to the process by which researchers move the results of molecular and cell pharmaceutical research to the patients in the clinical settings who need the drugs and the evaluation of observed symptoms exhibited by the patient after the drugs are administered.
8 0
4 years ago
Cutter Enterprises purchased equipment for $84,000 on January 1, 2018. The equipment is expected to have a five-year life and a
Anna71 [15]

Answer:

$25,200 and $58,800

Explanation:

The computation of the depreciation expense and the book value using the sum-of-the-years'-digits method is shown below:

The depreciation expense is

= (Purchase cost - residual value)  × useful life ÷ (sum of years)

= ($84,000 - $8,400) × 5 years ÷ (1 + 2 + 3 + 4 + 5)

= $75,600 × 5 years ÷ 15 years

= $25,200

And, the book value is

= Purchase cost - depreciation expenses

= $84,000 - $25,200

= $58,800

We simply applied the above formulas

6 0
4 years ago
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