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DiKsa [7]
2 years ago
6

Gary has a credit card with an APR of 13.57%, compounded monthly. He would like to pay off the $1,847.42 card balance over the c

ourse of two and a half years by making identical monthly payments. Assuming that he makes no additional purchases on his card, how much must Gary pay every month to reach his goal? (Round all dollar values to the nearest cent.)
a.
$72.96
b.
$137.45
c.
$61.58
d.
$86.29


Please select the best answer from the choices provided

A
B
C
D
Business
2 answers:
rjkz [21]2 years ago
5 0

Answer:

Your answer is A

Explanation:

$72.96

Annette [7]2 years ago
3 0
The answer is A.72.96
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Marshall's & Co. purchased a corner lot in Eglon City five years ago at a cost of $640,000. The lot was recently appraised a
Gala2k [10]

Answer:

$1,780,000

Explanation:

The computation of the initial cash flow for this building project is shown below:

= Estimated building cost + appraised cost of the lot

= $1,110,000 + $670,000

= $1,780,000

Simply we added the estimated building cost and the appraised cost of the lot so that the initial cash flow amount can come.

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

3 0
3 years ago
Countries with free market economies in which property rights are protected tend to have _____ than command economies or economi
FinnZ [79.3K]
<span>Countries with free market economies in which property rights are protected tend to have </span>greater economic growth rates <span>than command economies or economies where property rights are poorly protected.
</span><span>The reason is the lack of infrastructure and supporting business in primitive or undeveloped economies, which may lead to situation in which is more costly to do business.  </span>
4 0
3 years ago
Activity Expected Costs Expected Activity Handling materials $ 625,000 100,000 parts Inspecting product 900,000 1,500 batches Pr
bekas [8.4K]

Answer and Explanation:

The computation is shown below:

1. Plant wide overhead rate = Budgeted Overheads ÷ Budgeted Activity.

where,

Budgeted Overheads :

Handling materials                  625,000

Inspecting product                  900,000

 Processing purchase orders   105,000

Paying suppliers                       175,000  

Insuring the factory                 300,000

Designing packaging                75,000

Total Cost                               2,180,000

And, the budgeted activity is 125,000

So, Plant wide overhead rate is

= Budgeted Overheads ÷ Budgeted Activity.

= $2,180,000/125,000

= $17.44 per direct labor hour

Now Assignment of Overheads

As Deluxe model required 2,500 direct labor hours

So, Deluxe model = 2,500 × $17.44

= $43,600

As Basic model required 6,000 direct labor hours

So, Basic model = 6,000 × $17.44

= $104,640

8 0
2 years ago
You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.
mote1985 [20]

Answer:

Increase price.

Explanation:

Price elasticity is the degree of responsiveness of quantity demanded to changes in price. Ideally as price increases quantity demanded reduces. When prices reduce quantity demanded increases.

As a new manager of Rock Record company, if the economics consultants inform you the price elasticity is less than one it means quantity does not change with increase in price.

So price can be increased without a corresponding decrease in price. The goal of higher revenue can be achieved by increasing the product price.

6 0
3 years ago
Read 2 more answers
Susan williams runs a small flagstaff job shop where garments are made. the job shop employs eight workers. each worker is paid
slavikrds [6]

Labour Productivity is basically the worth of goods produced by each labour or collectively in an hour, This can be expressed in the formula below:

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In order to find worth of goods we shall use below Formula:

Worth of Goods= Sale Price per Unit*Number of Units Sold

In given case there are 2 types of goods sold as below

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2. Seconds

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Worth of Goods Sold= $5400

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Total Worth of Goods=$21780

Total Hours Worked= No of Workers*Hours Worked each Worker

Total Hours Worked= 8*45

Total Hours Worked=360 Hours

Labour Productivity=\\ \frac{21780}{360}

Labour Productivity=$60.5 per Hour


3 0
3 years ago
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