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3 years ago

A credit card issuer charges an APR of 15.77%, and its billing cycle is 30 days long. What is its periodic interest rate?

Business

2 answers:

Lady_Fox [76]3 years ago

8 0

The periodic interest rate would be B: 1.30%.

vovangra [49]3 years ago

5 0

The periodic interest rate would be B, 1.30%, This is right on APEX

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A firm that uses ___________ segmentation divides a market into groups based on life stage, race, or profession.

Triss [41]

Answer:

Demographic

Explanation:

Demographic segmentation is often used in marketing to group customers according to demographic factors. The demographic factors include- age, gender, occupation, race, religion and income.

Other forms of segmentation includes :

1. Behavioural segmentation

2. Geographic segmentation

3. Psychographic segmentation

I hope my answer helps you

7 0

3 years ago

The date on a monthly income statement prepared on April 30 is written as________.

Simora [160]

Answer:

(B) For Month Ended April 30, 20--.

Explanation:

Since, the income statement reflects the activities of the specific firm/entity/company for a particular period, therefore the date on income statement is always written in below manner depending on the number of months it represents.

If 12 months are represented by the income statement, then the date on such income statement is written as:

For year ended April 30,20--.

If 6 months are represented by the income statement, then the date on such income statement is written as:

For six months ended April 30,20--.

If 1 month is represented by the income statement, then the date on such income statement is written as:

For month ended April 30,20--.

Keeping in view the above discussion, the answer to the question shall be

(B) For Month Ended April 30, 20--.

4 0

3 years ago

The following information pertains to Blossom Company.

Dimas [21]

Answer:

A. Adjusted cash balance per bank $13,545

Adjusted cash balance per books $13,545

B. July 31

Dr Cash $2,520

Cr Accounts Receivable $2,520

July 31

Dr Bank service charge $63

Cr Cash $63

Explanation:

A. Preparation of a bank reconciliation at July 31, 2010

PHAROAH COMPANY

Bank Reconciliation

31-Jul-10

Cash Balance per bank statement $10,962

Add: Deposit in transit $4,473

$15,435

Less: Outstanding checks $1,890

Adjusted cash balance per bank $13,545

Cash balance per books $11,088

Add: Electronic fund transfer received $2,520

$13,608

less; Bank service charge $63

Adjusted cash balance per books $13,545

B. Preparation of the adjusting entries at July 31 on the books of Sunland Company.

July 31

Dr Cash $2,520

Cr Accounts Receivable $2,520

(To record electronic fund transfer received by bank)

July 31

Dr Bank service charge $63

Cr Cash $63

(To record bank service charges )

4 0

2 years ago

Users throughout alison's organization have been receiving unwanted commercial messages over the organization's instant messagin

kykrilka [37]

The choices are a) Spam b) Phishing c) Social engineering d) Spim. The answer is a. spam. Those are messages are usually unwanted messages that send their commercial emails to people. Spam has similarity with spim since they both are unwanted messages that at times may contain worms and viruses. However, spim appears in instant messages which become the spam on instant messages.

6 0

3 years ago

10. If you must calculate the present value of an amount at 12% compounded quarterly for 2 years, then the interest factor used

elixir [45]

Answer:

Rate of interest will be 3 %

And number of periods will be 8

So option (a) will be correct option

Explanation:

We have given rate of interest = 12 %

And time period = 2 years

We have rate of interest is the money is compounded quarterly

When money is compounded then we divide the rate of interest by 4 and multiply time period by 4

So rate of interest for quarterly will be $=\frac{12}{4}=3$ %

And number of periods will be $=2\times 4=8period$

So option (a) will be the correct answer

4 0

3 years ago