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3 years ago

When creditors use the _________, they apply the finance charge only to the amount owed after you've paid your bill each month.

Business

1 answer:

zhuklara [117]3 years ago

5 0

Answer:

Adjusted balance method.

Explanation:

Financial charges that are been summed up at the end of the last cycle of billing or their previous balances are seen to be calculated with this method. And also, it is used in calculation of the interest which are seen to be toppled or owed by people or customers that are seen to using the savings accounts.

A lot of financial institutes rely on the service or this method in the summation of their account holders month end balances.

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Rica Company is a priceminustaker and uses a targetminuspricing approach. Refer to the following information: Production volume

snow_tiger [21]

Answer:

$ 15,836,000

Explanation:

Given:

Production volume = 602,000 units

Market Price per unit = $ 30

Desired operating income = 16% of the total assets

Total assets = $ 13,900,000

Thus,

Desired operating income = 0.16 × $ 13,900,000 = $ 2,224,000

Now,

the desired profit = Total sales - Total income

Desired profit = (Production volume × Market Price per unit ) - Total income

on substituting the respective values, we have

Desired profit = (602,000 × $ 30) - $ 2,224,000

Desired profit = $ 18,060,000 - $ 2,224,000

Desired profit = $ 15,836,000

7 0

3 years ago

Whether the minimum wage is a binding price floor always depends upon whether the economy is in a recession. a. True b. False

murzikaleks [220]

Answer:

false

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price

A country is in a recession when the GDP for 2 consecutive quarters is negative.

A binding price floor depends if it is above or below equilibrium

6 0

3 years ago

The founders of life is good started their business by hawking t-shirts on the street and selling them door to door in college

kenny6666 [7]

I believe the answer is: product mix

Product mix refers to the total variety of product that offered by a certain company which collectively become one big pool of income.
The creation of product mix is aimed to reach the market segmentation that hasn't been reached by the previous product.

6 0

3 years ago

Read 2 more answers

Which of the following statements about mortgage markets is/are true? I. Mortgage companies service more mortgages than they ori

fredd [130]

Answer:

I. Mortgage companies service more mortgages than they originate.

IV. The government is involved in the residential mortgage markets.

Explanation:

A mortgage market is one that is for the sales of the securities and the bonds and the values of the mortgage loan and consists of mostly the primary and secondary markets as the banks and financial institutions

A the secondary are the new source of capital and these mortgages involves the companies to have the rights and may also involve the residential mortgage markets.

6 0

3 years ago

Lee Ann, Inc., has declared a $5.70 per-share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 perce

castortr0y [4]

Answer:

$89.59

Explanation:

After tax dividend = Dividend * (1-Tax)

After tax dividend = $5.70 * (1-20%)

After tax dividend = $5.70 * 0.8

After tax dividend = $4.56

Ex-Dividend price = Share price - After tax dividend

Ex-Dividend price = $94.15 - $4.56

Ex-Dividend price = $89.59

7 0

3 years ago