Ask question

Ask question

All categories

3 years ago

14

The latest video game comes out and costs $60. You put it on your credit card and can’t afford to pay the whole bill all at once

, so you make the minimum payment each month. How much is that minimum payment?

1 answer:

Vsevolod [243]3 years ago

6 0

Answer:

The minimum payment is 15

Explanation

so you have to pay another %15 of the bill each month

You might be interested in

Hillside issues $2,600,000 of 5%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31

Amanda [17]

Answer:

1.- thwe cash payment are the same for each period as the coupon bond rate is fixed:

2,600,000 face value x 5% coupon rate / 2 payment per year = <em>65,000</em>

<em>On the last payment, we are going to calculate 65,000 + face value</em>

<em>2,600,000 + 65,000 = 2,665,000</em>

<em>2.- amortization per period 19,513</em>

<em>3.- interest expense per period 45,487</em>

<em>4.- 45,487 interest expense per period x 30 payment dates = 1,364,610</em>

cash 3,182,390 debit

bonds payable 2,600,000 credit

premium on BP 585,390 credit

-- to record issuance --

interest expense 45,487 debit

premium on BP 19,513 debit

cash 65,000 credit

-- entry for each payment date--

Explanation:

proceeds: 3,182,390

face value: 2,600,000

premium: 585,390

amortization per period:

585,390 / 30 payment = 19,513

This will be the amortization on the premium on bonds payable for each payment

3.- as the amortization is fixed under straight-line method the interest expense is also fixed:

65,000 cash proceeds - 19,513 amortization = 45,487 interest expense

6 0

3 years ago

Big Donuts has already reviewed its objectives and capabilities, established the screening criteria for reviewing potential fore

enyata [817]

Answer:

Evaluate the marketing mix to target markets

Explanation:

There are four phases in the process of an international marketing planning process and these phases are: First, Preliminary Analysis and Screening Phase. In this phase, the nature of the market entry cost, the constraints in the countries are checked such as political, economic, environmental, and legal forces. After this stage, the Second stage is called the "Adapting the Marketing Mix to Target Market Stage". This is the stage where a match of the marketing mix requirement is done. Big Donuts just completed the first phase and is now in the second phase which is to "Evaluate the marketing mix to target markets".

6 0

3 years ago

During the final or phaseout stage of the project life-cycle, __________ is the dominant goal of many project managers.

Anarel [89]

During the final or phaseout stage of the project life-cycle, scope is the dominant goal of many project managers.

6 0

3 years ago

A utility‐maximizing consumer buys so as to make ________ for all pairs of goods.

Lady_Fox [76]

MUx / MUy = Px / Py is the right answer

4 0

3 years ago

What is the range for the relative price of cloth such that the economy produces both cloth and food? From _______ to _______ .

dezoksy [38]

The answer is explained in detail below

Explanation:

$a_{KC} = 2$

$a_{LC} = 2$

$a_{KF} = 3$

$a_{LF} = 1$

Labor, L = 2000; Capital, K = 3000

Labour constraint,

$2Q_{c} + Q_{F} \leq 2000$

Capital constraint ,

$2Q_{c} + 3Q_{F} \leq 3000$

Solving the equation further, we get

$Q_{F} \leq 2000 - 2Q_{C}$

$Q_{F} \leq 1000 - \frac{2}{3} Q_{C}$

The range for the relative price of cloth such that the economy produces both cloth and food is 2/3 and 2

Low cloth production → economy will use relatively more labor to produce cloth → opportunity cost of cloth is 2/3rd units of food.
High cloth production → economy dips on labor → taking capital away from food production → raising opportunity cost of cloth to 2 units of food.

If relative price of cloth lies between 2/3 and 2 units of food, the economy produces both goods.
If the price of cloth decreases below 2/3 → complete specialization in food production → low compensation for producing cloth
If the price of cloth rises above 2 → complete specialization in cloth production → low compensation for producing food

4 0

3 years ago