1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Strike441 [17]
3 years ago
6

Caitlin has a credit card with a spending limit of $1500 and an APR (annual percentage rate) of 18%. During the first month, Cai

tlin charged $375 and paid $250 of that in her billing cycle. Which expression will find the amount of interest Caitlin will be charged after the first month?
Business
1 answer:
gayaneshka [121]3 years ago
8 0
Given:
Spending limit: 1500
APR: 18%
Purchases: 375
Payment 250

Divide the APR by 360 days and multiply it by 30 days to get the monthly rate.

18% / 360 = 0.05% 
0.05% x 30 = 1.5%

1.5% will be multiplied to the remaining balance in the first month.

375 - 250 = 125
125 x 1.5% = 1.875 

1.875 is the interest charged after the first month. 
You might be interested in
The fiscal 2016 financial statements for Walgreens Boots Alliance, Inc., report net sales of $117,351 million, net operating pro
sertanlavr [38]

Answer:

D. 2.97

Explanation:

The net operating asset turnover ratio is used to measure the efficiency of operating assets and to determine how well these assets are used to generate sales. The assets that are tested here are operating assets that are those assets which are required to run the day-to-day operations of the business. For instance, Property, plant, and equipment, inventory, and cash etc. Investments and unutilized assets do not fall under this category.

Here are are required to calculate the net operating asset turnover ratio, which is calculated as follows:

        Net operating asset turnover = Net sales / Net operating assets

⇒ Net operating asset turnover for 2016 = 117,351 m / 39,502 m = 2.97.

It means that for each dollar invested in the operating assets generates $2.97 of revenue.  

3 0
3 years ago
Read 2 more answers
If you had a two-regressor regression model, then omitting one variable that is relevant:
makvit [3.9K]

Answer:

D. can result in a negative value for the coefficient of the included variable, even though the coefficient will have a significant positive effect on Y if the omitted variable were included

Explanation:

8 0
3 years ago
Suzanne, Kyle, and Monique have been arguing for days over how they are going to divide up the responsibilities for their group
motikmotik

Answer:

Emergence.

Explanation:

In this context, it can be said that Suzanne, Kyle and Monique are in the emergence phase of group decision making.

This phase occurs right after the conflict phase, in the emergence phase the ideas will be finally defined and there will be a consensus among the team.

At this stage it is common for the individual interests and needs of the team members to be set aside in favor of the team's interests.

Therefore, project members also tend to adopt a more softening stance and opinions with the intention of not appearing dominant in relation to the project.

6 0
3 years ago
Employers often decide if they want to meet you based on your… so it is very important to highlight your strengths.
andreyandreev [35.5K]

Answer:

Hello There!!

Explanation:

I think the answer is D. credit report.

hope this helps,have a great day!!

~Pinky~

7 0
2 years ago
Read 2 more answers
In much of the country, homeowners choose to heat their houses with either natural gas or heating oil. Which of the following wo
nikdorinn [45]

Answer:

1. a decrease in the price of natural gas

Explanation:

Given that homeowners choose to heat their houses with either natural gas or heating oil. It means that natural gas and heating oil are substitute products.

If there will be an increase in the demand for natural gas, there will invariably be a decrease in demand for heating oil.

From the options given, a decrease in the price of natural gas will result in and increase in it's demand.

5 0
3 years ago
Other questions:
  • Country X has currency C1 and Country Y has currency C2. The nominal exchange rate C2/C1 and GDP deflator P for Country X and P*
    12·1 answer
  • Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85. He wa
    13·1 answer
  • Suppose an airline determines that its customers traveling for business have inelastic demand and its customers traveling for va
    5·1 answer
  • A student finds a data set on the Internet site that contains financial information about selceted companies. He plans to analyz
    8·1 answer
  • Redbox places its vending machines in easy-to-reach areas around pharmacies, grocery stores, discount stores, and more. Most cus
    6·1 answer
  • In a department, 28,000 units are completed and transferred out and 14,400 remain in ending WIP at 85% complete. If an equivalen
    8·1 answer
  • Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams from the previous question. The initial marg
    10·1 answer
  • Sharon would make an adjustment entry to __________ to record the $500 her company received from a customer to perform future se
    10·1 answer
  • The phrase gains from trade refers to the: increase in total output that is realized when individuals specialize in particular t
    11·1 answer
  • Country a specializes in the production of rice because it can do so efficiently, but it imports electronics because it is not a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!