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3 years ago

What is outstanding credit card debt?

1 answer:

6 0

Well, outstanding debt is debt you owe to a creditor or multiple creditors. Outstanding debt can be on a credit card, loan or student loan. ... If the amount you owe is close to your credit limit that is likely to have a negative effect on your score.

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Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive

Anvisha [2.4K]

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Operating cost - low operating cost) ÷ (High driven in kilometers - Low driven in kilometers)

where,

High operating cost = 114,000 km × 12.7%

= $14,478

Low operating cost = 76,000 km × 14.8%

= $11,248

So,

= ($14,478 - $11,248) ÷ (114,000 km - 76,000 km)

= $3,230 ÷ 38,000 km

= $0.085 per km

Now the fixed cost equal to

= High operating cost - (High driven in kilometers × Variable cost per km)

= $14,478 - (114,000 km × $0.085)

= $14,478 - $9,690

= $4,7882

2. The equation is as follows

Y = a + bx

So,

Total cost = $4,788 + 0.085X

Y = a + bx

= $4,788 + 0.085 × 95,000

= $4,788 + $8,075

= $12,863

5 0

3 years ago

How old do you have to be to become a emergency doctor and a paramedic?

lbvjy [14]

Answer:30

Explanation:

5 0

2 years ago

"While standing on a bank you wish to spear a fish in front of you. Would you aim above, below, or directly at the observed fish

arlik [135]

To spear the fish you would need to aim below the observed fish to

make a direct hit -Therefore, in order to strike the fish you should aim below where the fish appears to be. -Answer is( 2) Below; directly

With a laser, you would aim directly at the fish -Answer is (1) none of the above

Explanation:

"In both cases, of course, the light coming from the fish is refracted

away from the normal as it travels through the water surface to your

eyes. As a result, the fish appears closer to the surface than it

really is.

(a) If you are using a bow and arrow to spear the fish you

should realize that the arrow will not deviate as it enters the water;

it will continue along the original straight line path from the bow.

Therefore, in order to strike the fish you should aim below where the

fish appears to be. -Answer is( 2) Below; directly

(b) When you use a laser gun to zap the fish then you should realize

that the beam will be refracted as it enters the water. In fact, the

laser beam will travel along exactly the same path as the light from

the fish (although in the opposite direction!). Therefore, in order to

hit the fish you should aim you laser gun directly where the fish

appears to be."-Answer is (1) none of the above

7 0

2 years ago

When the price of football tickets increases, the substitution effect decreases the number of tickets bought from?

adell [148]

It will bought from higher quantity to lower quantity
When the price of the tickets increases, a number of people who can buy it will decrease which resulted in lower quantity of the total sales.
The only consumer segments that wouldnt be affected by the price changes probably only the loyal fans that basically will follow their teams wherever they go.

8 0

3 years ago

A $1000 bond with a coupon rate of 6.2% paid semi annually has eight years to maturity and a yield to maturity of 8.3%. If inter

mel-nik [20]

Answer:

Correct option is (C)

Explanation:

Given:

Face value of bond (FV) = $1,000

Coupon rate = 6.2% annual and 6.2 / 2 = 3.1% semi annual

Coupon payment (pmt) = 0.031 × 1,000 = $31

Maturity period (nper) = 8×2 = 16 periods

Rate = 8.3% annual or 8.3 / 2 = 4.15%

Present value of bond can be computed using spreadsheet function =PV(rate,nper,pmt,FV)

Present value of bond when yield is 8.3% is $878.99

If ytm increases to 8.6% annual or 8.6 / 2 = 4.3% semi annual, then present value of bond will be $863.22 (using spreadsheet function again)

It can be seen that as ytm increased from 8.3% to 8.6%, price of bond fell by $15.77 approximately (878.99 - 863.22)

7 0

3 years ago

What is outstanding credit card debt?​

What is outstanding credit card debt?