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3 years ago

Pretend you make $750 worth of purchases on your credit card, your bill arrives saying your minimum payment

Business

1 answer:

Arte-miy333 [17]3 years ago

8 0

Answer and Explanation:

You will be charged credit card interest on the outstanding balance. Your credit card interest is added to your outstanding balance for each day past your due date of payment(after the month you didn't pay the full amount)

You made a purchase of $750 and paid $150 and so you have an outstanding balance of $600. This outstanding balance will be charged interest on daily basis. Let's assume your APR(your annual interest over 12 months) is 24%, your interest is broken down into months and then days. Your monthly interest is therefore 24/12= 2% and your daily interest = 0.02/30 = 0.00067= 0.0067% per day.

Based on this assumption, you will be charged 0.0067% interest on your outstanding balance each day till you make full payment(interest + outstanding balance)

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What is fiscal regionalism?

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Answer:

Explanation:

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3 years ago

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If you had $1,000 to invest into the following funds, which one would have the highest value (not including any fees) at the end

labwork [276]

Investment = $1,000

Green Fund:

Year 1 = -0.095 * 1000 = - $95

Amount after 1 year = $905

Year 2 = 0.1 * 905 = $90.5

Amount after 2 year = 905 + 90.5 = $995.5

Purple Fund:

Year 1 = 0.1 * 1000 = $100

Amount after 1 year = 1000 + 100 = $1100

Year 2 = -0.095 * 1100 = $104.5

Amount after 2 year = 1100 – 104.5 = $995.5

Yellow fund:

Year 1 = 0.3 * 1000 = $300

Amount after 1 year = 1000 + 300 = $1300

Year 2 = -0.25 * 1300 = $325

Amount after 2 year =1300 – 325 = $975

Orange Fund:

0% return for both the years.

Amount after 2 year = $1000

<span>Thus Orange Fund has the highest value at the end of the second year.</span>

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4 years ago

Diversification can reduce or eliminate _______ risk.

makkiz [27]

Answer:

Explanation:

Diversification reduces portfolio risk by eliminating unsystematic risk for which investors are not rewarded. Investors are rewarded for taking market risk. Because diversification averages the returns of the assets within the portfolio, it attenuates the potential highs and lows

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3 years ago

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Prisly Inc. is a multinational company that specializes in manufacturing and selling high-end cars. It launches a new car, the G

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Answer:

3. cannibalization

Explanation:

Cannibalization is a decline in the sales of one or more product when a new product is introduced into the market by the same producer.

When Prisly Inc introduced Gwen 2.0, the sales of other cars produced by Prisly fell.

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4 years ago

Large firms often find new markets attractive, but might not have products ready for delivery. What strategy do such firms use t

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Answer:

The correct answer is Preannounce forthcoming efforts

Explanation:

A company that wants to enter a new market usually must have its entire operation ready to be able to carry it out in the short term, and if it does not have it, it must inform by means of a strategy that allows generating a marked market interest in knowing the new product to be offered. This will give them time to put the internal aspects in order and be able to produce within a set time.

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4 years ago