Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.
The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.
Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.
If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.
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No, the price will rise because more people are competing for the products
D. Platt Hardware Store Trial Balance As of May 31, 20
<span>In
the technological sector a new product start its live as a prototype, then the
enterprise use various consumer test panel to see the reaction of the
potential costumers in real time environments
and check how the prototype behaves. With the information gathered
from the costumers tests panels the company can make adjustments
<span>improve the prototype
based on the feedback of the people that actually used it and release
a better final version of the product.</span></span>
Answer: Fred; $14,990
Barney; $16,010
Explanation:
Each partner will receive 12% of their investment.
Fred will therefore receive,
= 12% * 13,500
= $1,620
Barney will receive,
= 12% * 22,000
= $2,640
Adding both these figures gives,
= 1,620 + 2,640
= $4,260
This figure needs to be subtracted from the income and then the rest will be split equally.
=31,000 - 4,260
= $26,740
= 26,740/ 2
= $13,370
Each partner is to get $13,370 extra.
Fred gets,
= 1,620 + 13,370
= $14,990
Barney gets,
= 2,640 + 13,370
= $16,010
