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valkas [14]
3 years ago
13

A credit card had an Apr of 12.87% all of last year and compounded interest daily. What was the credit card's effective interest

rate last year?
Business
1 answer:
alisha [4.7K]3 years ago
7 0

Answer:

13.73%

Explanation:

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding = 365

(1 + \frac{0.1287}{365} )^{365} - 1

(1.000353)^{365} - 1 = 0.1373 = 13.73%

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Identify the two independent clauses in the following compound-complex sentence.
krek1111 [17]

The two independent clauses in the following compound-complex sentence are.

  • The production manager supported the changes.
  • He expected the process to work smoothly.

<u>Explanation:</u>

Compound sentence and complex sentence together makes a compound- complex sentence. A Clause is a sentence which has one subject or one verb.

The independent clause is a sentence which does not need a supportive sentence to explain it's situation and it makes a statement or asks a question.

And dependent clause is a sentence which begins with when, because, if etc. Therefore, the independent caluses will be the above given two sentences as they are statements and do not need a supportive statement.

5 0
3 years ago
2. Using the 3-x-3 Writing Process as a Guide
Alexandra [31]

Answer:1) Economy

2)The writing should be arranged on three subhead,prewriting,main writing and conclusion.

3) 15minutes

Explanation:in the first scenario, involves an intern,the cost to the customer,of the repair was not stated ,so the economy aspect wasn't addressed in the letter.

2) Business letters should follow a pattern,why,how and when.why tells the recipient the purpose if the letter while the How depicts how the writer intends to gather his thoughts on how to go about the writing.thus depend on the audience and the when is about when the to send the mail,it must be timely and must meet the requirements of the business.

3)The pre writing will take 15 minutes that is a quarter of an hour to put his thoughts together in writing.the pre writing is when the main ideas are pen down ,it is when the bulk of the work is done.every other aspect will depend on this stage

6 0
3 years ago
In March 2007March 2007​, the U.S. unemployment rate was 4.44.4 percent. In August 2008 August 2008​, the unemployment rate was
eimsori [14]

Answer:

A Recession happened.

Explanation:

When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.

7 0
3 years ago
On December 31, 2018, a company had assets of $29 billion and stockholders' equity of $22 billion. That same company had assets
Kisachek [45]

Answer:

0.69

Explanation:

From the question above on December 31, 2018 a company has an assets of $29 billion and stockholders equity of $22 billion.

On December 31, 2019 the same company recorded an assets of $55billion and stockholders equity of $17billion

Inorder to calculate the debt-to-assess ratio the first step is to find the amount of liabilities

Liabilities= Assets-Stockholders equity

Assets= $55 billion

Stockholders equity= $17 billion

= $55billion-$17billion

= $38 billion

Therefore, the debt-to-assets ratio can be calculated as follows

Debt-to-assets ratio= Total liabilities/Total Assets

= $38 billion/ $55 billion

= 0.69

Hence on December 31, 3019 the debt-to-assets ratio is 0.69

5 0
3 years ago
What are resources needed to build a house
anastassius [24]
You could Google this.
4 0
3 years ago
Read 2 more answers
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