1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BaLLatris [955]
3 years ago
7

Jamie lee received an offer to transfer the balance of all of her store credit cardsto her bank credit card in the mail. It offe

red zero percent finance charges/interestfor the first three months (90 days), and an 18.5 percent interest rate thereafter until the balance is paid in full. Upon reading the fine print, she saw there was a $50 transaction fee and interest accrued from he day the balance transfer was made if the balance was not paid in full within the first 90 days.
Required:
a. How could Jamie Lee use this balance transfer offer to her advantage?
b. How is this offer a major disadvantage to Jamie Lee?
Business
1 answer:
Mars2501 [29]3 years ago
4 0

Answer and Explanation:

As in the given situation, Jamie lee have a benefit from the transfer in the case when the interest on the store credit card would be higher than the $50 for the first 90 days

1.  If we assume that the date of the payment is one month but she does not have the money to make the payment so she can transfer the balance to the credit card so that she get 2 more months to make the payment

2. This could become the disadvantage when the payment is not done within the 90 days as she have to pay the interest of 18.5% on the tital amount also the transaction fee would also be paid

You might be interested in
Care sunt avantajele si dezavantajele serviciului de transport din bucuresti REATB
irga5000 [103]
Candy land the bored game is cool
6 0
3 years ago
A firm will find it profitable to hire workers up to the point at which their rev: 06_21_2018 Multiple Choice marginal resource
Nataliya [291]

Answer:

marginal resource cost is equal to their MRP

Explanation:

A business's profit will maximize when its marginal resource cost equals its marginal revenue product.

Marginal revenue product calculated by multiplying the marginal physical product (MPP) times the marginal revenue (MR), e.g. an additional worker can produce 10 units and each unit costs $10, MRP = 10 x $10 = $100

Marginal resource cost is the cost of using an additional unit of input, e.g. cost of hiring an additional worker.

4 0
3 years ago
Which type of business constituent has titles such as President and CEO?
Brums [2.3K]

Answer:       s corporations

Explanation:

hope this helps.         With an S corporation that has a single shareholder, he or she can be called the president, CEO, or another title. S corporations with more than one shareholder can issue titles at the time of formation.

6 0
3 years ago
A production possibilities frontier with a bowed-outward shape indicates a. increasing opportunity costs as more and more of one
Arada [10]

Answer:

a. increasing opportunity costs as more and more of one good is produced

Explanation:

A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.

The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.

If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.

The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.

I hope my answer helps you

3 0
3 years ago
The balance between supply and demand is called
OLEGan [10]

Answer: O EQUILIBRIUM

HOPE THIS HELPS

CAN YOU PLEASE HELP ME TOO

6 0
3 years ago
Other questions:
  • A cost which remains constant per unit at various levels of activity is a:
    15·1 answer
  • an assessment made against a property to pay for public improvement by which the assessed property is supposed to be especially
    10·1 answer
  • Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest ra
    8·1 answer
  • Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s un-adjusted trial balance shows
    14·1 answer
  • David Harbert recently started a business. During the first few days of operation, Mr. Harbert transferred cash from his persona
    8·1 answer
  • What is a support unit
    10·1 answer
  • Suppose the government wanted to regulate this market using a price-based instrument. What is the efficient level of a tax on em
    14·1 answer
  • What is the address bar in Firefox?
    5·1 answer
  • In the ending phase of transition as described by bridges (2000), what component occurs when the individual understands that his
    11·1 answer
  • A company has a predetermined overhead rate of $14 per machine hour. job 846 uses 27.5 machine hours. overhead allocated to job
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!