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Gekata [30.6K]
3 years ago
6

michael has a credit limit and a balance of $3,000 on his visa card. his car broke down, he charged the $500 repairs to his visa

which he knows put him over his credit limit for the month. his payment is due on the 20th so he made sure that he had his $750 payment to the post office on the 20th. most likely, what penalties or fees if any will he incur
Business
1 answer:
saveliy_v [14]3 years ago
6 0

Answer:

He will likely incur the penalty APR, as well as an over-the-limit fee and a late fee—because VISA has to receive his payment in its office by the 20th, not have it postmarked by the 20th is the correct answer.

Explanation:

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The country of Meditor, a small country with a closed economy, uses the merit as its currency. Recent national income statistics
Pachacha [2.7K]

Answer:

d. $390 million merits and $110 million merits

Explanation:

The computation of the consumption and the government expenditure is shown below:

As we know that

Budget Surplus = Taxes - government expenditure

$40  = $150 - government expenditure

So, the government expenditure is $110 million

In addition,

Gross domestic product = Consumption + investment + government expenditure + net exports

$600  = Consumption + $100 + $110  + $0

So, the consumption is

= $600  - $100  - $110

= $390 million

We simply applied the above formulas in order to find out the consumption and government expenditure

7 0
3 years ago
How did railroad technology improve profits for companies? . . . a. It resulted in faster and cheaper long-distance shipping.. b
labwork [276]
It resulted in faster and cheaper long distance shipping and this was the way the railroad technology helped to improve profits for companies. The correct option among all the options that are given in the question is the first option or option "a". I hope it helped you.
4 0
3 years ago
Read 2 more answers
Use the information about Company X below to help answer this question:
Harman [31]

Answer:

b. $12.67

Explanation:

The value of the company is the present value of its future dividends payments discounted at the company's cost of equity.

Year 1 dividend=current year dividend*(1+12%)

Year 1 dividend=$60m*(1+12%)=$67.20m

Year 2 dividend=$67.20m*(1+12%)=$75.26m

Year 3 dividend=$75.26m*(1+12%)=$ 84.30m  

Year 4 dividend=$ 84.30m*(1+12%)=$ 94.41m

Year 5 dividend=$ 94.41m*(1+12%)=$105.74m

the terminal value of dividends=Year 5 dividend*(1+terminal growth rate)/(cost of equity)

the terminal value of dividends=$105.74m*(1+8%)/(16%-8%)=$1427.49m

value of the company=$67.20/(1+16%)^1+$75.26/(1+16%)^2+$ 84.30/(1+12%)^3+$ 94.41/(1+16%)^4+$105.74/(1+16%)^5+$1427.49/(1+16%)^5

value of the company=$956.00 m

value of one share=$956.00 m/75m=$12.75(the correct option is $12.67 the difference is due to rounding error)

5 0
3 years ago
A manufacturing company has units to produce of 940 units for the month. Each unit requires 3.5 hours of labor to produce. The c
elena-s [515]

Answer:$49,350

Explanation:

The total cost of direct labor for the month will be:= 940 units × 3.5 × $15= $49,350

8 0
2 years ago
If the demand for textbooks is inelastic, then a decrease in the price of textbooks will
Dmitrij [34]

Answer:

decrease total revenue of textbook sellers. 

Explanation:

Demand is inelastic if a change in price has a very little effect on the quantity demanded.

If price is reduced, the quantity demanded of textbooks would change by a little amount, so total revenue would fall due to a reduction in the price of textbooks.

Total revenue = price × quantity

5 0
4 years ago
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