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cestrela7 [59]
3 years ago
5

Patty took a cash advance of $1,500. Her new credit card charges an Annual Percentage Rate of 21%. The transaction fee for the c

ash advance is 3% of the amount of the advance, with a minimum fee of $35. This fee is added to the total cash advance, and accrues interest.
Hint: calculate 3% of 1,500. Add that 3% to the original cash advance of 1,500. This becomes your charged amount.

If Patty makes monthly payments of $65:

What is the total amount Patty will end up paying for the cash advance?
Business
1 answer:
natali 33 [55]3 years ago
4 0
I honestly don’t kno

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"Evan lives in an apartment building. The land and structures are owned by a corporation, with one mortgage loan covering the en
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co-operative ownership

Explanation:

Cooperative ownership is an apartment ownership  is the process where by a buyer receives shares of stock in the building corporation and a lease of the apartment being sold as the case of Mr Evan.

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Twain's account of Colonel Rall's speech ("full of gunpowder and glory") is contrasted most vividly to the Marion Ranger's colle
stellarik [79]

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B

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Twain's account of Colonel Rall's speech ("full of gunpowder and glory") is contrasted most vividly to the Marion Ranger's collective remorse over the shooting of an unarmed rider.

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3 years ago
Which of the following would not be an operations maangement function in a fast food restaurant?
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b. advertising and promotion

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The marketing and promotions lies with the Sales and Distribution Function or Marketing Function of the fast food restaurant.

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If you are planning to use presentation technology in a speech, you should: A. assume that all the equipment in the room will wo
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4 0
3 years ago
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Your younger sister needs $50 to buy a new bike. She has opened a lemonade stand to make the money she needs. She currently is c
AleksandrR [38]

The correct answer is: "I would recommend her not to increase the price, because with an elastic demand function this will cause a great decrease in the quantity demanded by consumers".

The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged decreases, the amount that consumers are willing to purchase increases. </u>

In turn, the elasticity of the demand function measures the sensitiveness of the quantity demanded by consumers when there is a certain price change. If the demand function is elastic it means that a price variation would generate an even larger variation (in the inverse direction of course!) in the quantity demanded. <u>This is the case of the lemonade stand therefore the girl should not increase prices because this will not help her to reach her objective quicke</u>r, as she would loss a greater proportion of units sold than the size of the price increase that would have allowed her to earn more per unit.

5 0
3 years ago
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