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AnnZ [28]
3 years ago
10

Explain why making the minimum payment leads to paying the most interest.

Business
1 answer:
Sauron [17]3 years ago
6 0

since the price is so low the interest goes up because you paid just a little and so they want to get more off of that purchase.

Explanation:

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On August 2, Jun Co. receives a $6,300, 90-day, 12% note from customer Ryan Albany as payment on his $6,300 account receivable.
Sloan [31]

Answer: October 31

Explanation:

It is a 90 day Note so the maturity date will be:

= August 2 + the remaining 29 days in August + 30 days in September + 31 days in October

= October 31

The expiry date will be October 31 as this would be 90 days from August 2, when the note was received.

5 0
3 years ago
Select the correct answer.<br> Some merchandisers design window displays.<br> A. True<br> B. False
Troyanec [42]
This answer is true, because merchandisers design window displays, t shirts, and all kinds of stuff
6 0
3 years ago
A manager must ensure fairness and __________ in considering a promotion of an employee.
Evgesh-ka [11]
A promotion is the headway of a worker's rank or position in a hierarchical chain of command framework. Advancement might be a representative's reward for good execution. A manager should ensure nondiscrimination in considering a promotion of an employee. 
6 0
4 years ago
Logan owns a horse ranch. Logan dislikes horses, but he opened the ranch because he heard it was a lucrative business and he wan
Mama L [17]

Answer:

Logan Horse Ranch

The most accurate is:

e. None of the above are correct

Explanation:

Logan's payment to his brother, Luke, of $500 per hour, is not a reasonable business expense that can be deductible.  Surely, $500 per hour is not a going rate for cleaning the horse stalls per hour.  With Lucy doing grocery shopping for Logan, it does not resonate like an ordinary and necessary expense for the business. Therefore, options A to D are not correct.  This leaves only option E as the most accurate.

3 0
3 years ago
The theory of purchasing power parity A.assumes that most changes in nominal exchange rates are the result of changes in real ex
Neko [114]

Answer:

The correct answer is letter "B": extends the law of one price to a group of goods.

Explanation:

Purchasing Power Parity or PPP compares different country's currencies through a market basket of goods approach. Two currencies are in PPP when a market basket of goods, taking into account the exchange rate, is priced the same in both countries.

The Law of one price states that individual and identical goods or services will have the same price if there were no friction between global markets. Thus, <em>the PPP approach would be the extent of the law of one price adding the exchange rates.</em>

8 0
4 years ago
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