1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Korolek [52]
3 years ago
11

This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the cre

dit card is 14%.
Gigi’s Credit Card Payments
Month
Balance
Payment
Interest Rate
Interest Charged
1
$650
$300
0.01167
$4.08
2
$354.08
$50
0.01167

3
$307.63
$50
0.01167

4
$260.64
$50
0.01167

5
$213.10
$50
0.01167

6
$165
$50
0.01167


What is the amount of interest charged for the first 6 months? (16.34)
Business
2 answers:
Reil [10]3 years ago
6 0

Answer:

It is A 16.34

Explanation:

Edge2021

Georgia [21]3 years ago
4 0

The correct answer is the first option, or 16.34

Just got it right on the edge 2020 exam review, hope this helps!! :)

You might be interested in
What is a legal document that outline all the conditions of the bond?
seropon [69]
A bond indenture......
8 0
3 years ago
Great Kids Co. began providing day care for the children of employees of a large corporation on January 15 for an agreed monthly
nirvana33 [79]

Answer:

A. A credit to Child Care Fees Earned of $4,500.

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $4,500

       To Child Care Fees Earned A/c $4,500

(Being the fees earned is recorded)

Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.

The monthly fee is $9,000 but we have to compute for 15 days, so it would be

= $9,000 ÷ 2

= $4,500

7 0
3 years ago
One reason that the quantity demanded of a good increases when its price falls is that the:
Brums [2.3K]
<span>Lower price increases the real incomes of buyers, enabling them to purchase more.</span>
4 0
3 years ago
Mettel Products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $
Cerrena [4.2K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Mettel Products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $40 each. The distributors’ margins are 25%. Mettel Products’ cost of goods sold is $10.00 each. Mettel’s total variable costs (including selling costs) are $15.00 per drive.

Selling price= 40/1.25= $32

A) Gross margin= 32 - 15= 17

%= 53%

B) Mettel is considering increasing its annual advertising spending from $75,000 to $150,000.

Break-even point= fixed costs/ contribution margin

Break-even points= 150,000/17= 8,824 units

C) Break-even points= 75,000/14= 5,357 units

7 0
3 years ago
Lina wants to be a lawyer for her future career. Which extracurricular activity would be the most helpful? teacher’s aide marchi
Aleksandr [31]
I believe your answer would be C. Speech and Debate. Being a lawyer requires lots of debate, and speech to support your answer and make it more clear. 
3 0
3 years ago
Read 2 more answers
Other questions:
  • The process of discussing a marketing problem with informed sources both within and outside the firm and examining information f
    8·1 answer
  • Which two things do benefits tell you about a product
    13·1 answer
  • A recent survey found that 24% of Americans feel that it is always wrong to speed. In which of the following schools of ethical
    12·1 answer
  • Which of the following is not one of the reasons to document your secondary sources? It shows your audience that you have suffic
    9·1 answer
  • Direct materials are $15 per unit; direct labor is $7 per unit and variable overhead costs are $2 per unit. If total product cos
    15·1 answer
  • The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this pro
    8·1 answer
  • name two different market structures describe how and why they each have a different competitive situation
    15·2 answers
  • Combined communications is a new firm in a rapidly growing industry. the company is planning on increasing its annual dividend b
    12·1 answer
  • Mark the statements that are TRUE.
    7·2 answers
  • Consumer education focuses heavily on a product’s
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!