Answer:
1) In general, is it a good idea to make only minimum payments on your credit cards?
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No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.
All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.
2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?
I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900
Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.
The remaining $500 would be used to pay MasterCard 1 card and lower its balance.
Answer:
Just Choose an side.
Explanation:
Would you rather use a store-bought mix, or a homemade mix? (Just choose one).
For homemade: I chose this because I would like to try something new and make different flavors, if it is a success.
For store-bought: I chose this because I want it to be easy for me to make, and has all the steps on the back of the box.
Answer:
$99.09
Explanation:
Calculation for What is Tricki's expected price when it begins trading ex-rights
Using this formula
Expected price=Stock rights-on- [ (Stock rights-on-Subscription price)÷(10 rights+ One share)]
Let plug in the formula
Expected price=$100-[($100-$90)÷(10+1)]
Expected price=$100-($10÷11)
Expected price=$100-$0.91
Expected price=$99.09
Therefore Tricki's expected price when it begins trading ex-rights will be $99.09
Answer:
The maximum utility is 16 utils
Explanation:
To maximize the utility we must choose the items that gave most utils.
Each item cost $1 and we have $4 to spend.
1 slice of pizza: 5 utils
2 slice of pizza: 4 utils
3 slice of pizza: 3 utils
1 soda: 4 utils
2 soda: 3 utils
3 soda: 2 utils
If we display them in a decrease order and we choose the first four rows.
1 slice of pizza: 5 utils (1 dollar)
2 slice of pizza: 4 utils (1 dollar)
1 soda: 4 utils (1 dollar)
3 slice of pizza: 3 utils (1 dollar)
2 soda: 3 utils
3 soda: 2 utils
Highlighted are the ones we must get to get the maximum utility.
The maximum utility is 5 utils +4 utils+4 utils+3 utils= 16 utils
