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3 years ago

The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is

Business

1 answer:

Iteru [2.4K]3 years ago

5 0

Answer:

It would take a total of 14.572001 Months to pay off the balance, with interest

Explanation:

$2470.04 Would take 12.6 months to pay off, therefore, you must apply 17.99% yearly interest to this figure.

$2470.04 * .1799 = $444.36 interest

Principal + interest = total

$2470.04 + $444.36= $2914.4

$2914.4 / $200 = 14.57 months

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Superfund legislation does not obligate the environmental protection agency to _____.

Angelina_Jolie [31]

I believe the answer is <span>ban the use of hazardous chemicals by industries.
This happen because the benefit of using several hazardous chemicals actually exceeds the risk of damage that it potentially cause to the environment (For example, Plutoniom that is used as a substance material to make energy generating nuclear reactor)</span>

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3 years ago

The cash used to make change when customers pay for their purchases in cash is an example of the _____ motive for holding cash.

PIT_PIT [208]

It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.

A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.

The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.

Read more about cash on:

brainly.com/question/25772299

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2 years ago

Kickstarter is known as a(n) ___ website because it allows the general public to provide financial support to organizations and

Rufina [12.5K]

Answer: crowdfunding

Explanation:

Crowdfunding is when a project is being funded by collecting little amounts of money from the people, usually through Internet.

Kickstarter is known as a crowdfunding website because it allows the general public to provide financial support to organizations and individuals that are working on a new product.

7 0

3 years ago

Ben Palman owns an art gallery. He accepts paintings and sculpture on consignment and then receives 20% of the price of each pie

Elan Coil [88]

Answer:

1. The cost formula for the gallery's costs for a year would be Total cost=$80,000+$500X

2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed is $86,000

Explanation:

1. According to the given data the cost formula for the gallery's costs for a year would be as follows:

Total cost=Fixed costs+Variable costs for the level of activity

Total cost=$80,000+$500*number of opening shows

Total cost=$80,000+$500X

2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed above would be as follows:

Total cost=$80,000+$500X

Total cost=$80,000+$500*12

Total cost=$80,000+$6,000

Total cost=$86,000

3 0

3 years ago

term fixed price contract to build an office tower for $10,000,000. In the first year of the contract Tullis incurs $3,000,000

almond37 [142]

Answer: $750,000

Explanation:

Given that,

Fixed price contract = $10,000,000

Cost incurred in the first year = $3,000,000

Remaining costs to complete = $5,000,000

Tullis billed = $4,000,000 in year 1

Collected by the end of the year = $3,500,000

Percentage of work completed = $\frac{Expenditures\ Incurred\ from\ Inception\ to\ Date}{Total\ Estimated\ Costs\ for\ the\ Contract}$

= $\frac{3}{8} \times 100percent$

= 37.5%

Revenue recognized = 37.5% of $10,000,000

= $3,750,000

Income recognized = Revenue recognized - Cost incurred in the first year

= $3,750,000 - $3,000,000

= $750,000

8 0

3 years ago