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ANEK [815]
4 years ago
9

Orel's credit card has an APR of 12.15% and a grace period of 16 days, and Orel pays his balance in full every month. If his las

t billing cycle ended on June 24, 2009, and he made his payment on July 13, 2009, did he owe any interest on his last statement's balance?A. Yes, because he didn't pay within the grace period.
B. No, because he didn't pay within the grace period.
C. No, because he paid within the grace period.
D. Yes, because he paid within the grace period.
Business
2 answers:
My name is Ann [436]4 years ago
6 0

Yes he owes money because he did not pay it within the grace period. There is over 16 days between the billing cycle end date of June 24th and the payment due date of July 13th. Had Orel made his payment a few days sooner, he would not have been subject to interest on his account.

Aneli [31]4 years ago
3 0
. yes, because he didnt pay within the grace period 
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Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d
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Answer:

Option (a) and (c) are correct.

Explanation:

We know that rent control is an example of price ceiling. If the price of apartments set below the equilibrium price level then there is increase in the demand for apartments. So, the demand for apartments exceeds quantity supplied at the prevailing market price.

(a) Therefore, the quality of rental housing falls because of the lower price of the apartment. As this will become less profitable for the landlords, so they are least interested in the maintenance of the apartments.

(b) This will also lead to develop black market. The landlords are trying to fool the higher authorities and rent their apartments at a higher cost because this will be done without any type of legal documentation of the apartments or results from the manipulation of the rules.

6 0
3 years ago
The following data are available for Springer Corporation.
Alchen [17]

Answer:

B) $330,000

Explanation:

Cash from operating activities involves the cash inflows and outflows that is realised during normal busines s activities. It is the first section that appears in the statement of cash flows.

Other sources of cash flows is from investing activities and financing activities.

Operating cash flow= Net income+ Depreciation- Taxes +/- Change in working capital

Operating cash flow= 300,000+ 60,000- 15,000+ 30,000- 45,000= $330,000

6 0
3 years ago
In the context of experimental research, the logic of random assignment is
zimovet [89]
The answer to this question is: <span>groups have equal and balanced composition.
</span>Which means that each groups in experimental research are not displaying the too mcuh difference in term of average characteristics.
This will make sure that the data that acquired during the research are stable and can be trusted (not affected by a special variance)
3 0
3 years ago
Adding a chart to the header of a form will result in a(n)
Sonbull [250]

Answer:

Chart without a legend.

Hope this helped.

8 0
3 years ago
Suppose the price of hot wings is $10, the price of beer is $1, and the consumer’s income is $50. In addition, suppose the consu
IgorC [24]

Answer:

a. budget constraint intersects the vertical axis at 25 beers.

Explanation:

A budget constraint shows all the combinations that a consumer might purchase of two given products or services. The total consumption can be represented by a consumption possibilities frontier curve:

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  • then as the price of beer increases to $2, you can only buy 25 beers or 5 hot wings

7 0
3 years ago
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