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3 years ago

Pleaseeeee help meeeee

Business

1 answer:

Flura [38]3 years ago

8 0

Answer:

Passport

Annual finance charge =$450

Total annual cost = $2970

Traveller

Annual finance charge = $425

Total annual cost = $2945

Explorer

Annual finance charge =$400

Total annual cost = $2950

The travellers card is the best

Explanation:

Passport

Annual finance charge = 18% x 2500 = $450

Total annual cost = $2500 + 450 + 20 = 2970

Traveller

Annual finance charge = 17% x 2500 = $425

Total annual cost = $2500 + 425 + 20 = 2945

Explorer

Annual finance charge = 16% x 2500 = $400

Total annual cost = $2500 + $400 + $50 = 2950

The traveller is the best for a consumer because it has the lowest cost

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Answer:

The future value of an annuity (FVA) is $828.06

Explanation:

The future value of an annuity (FVA) is the value of payments at a specific date in the future based on the payments being recurring and assuming a discount rate. The future value of an annuity (FVA) is based on regular cash flow. The higher the discount rate, the greater the annuity's future value.

$FVA= P * \frac{(1+r)^n-1}{r}$

Where:

FVA is The future value of an annuity (FVA)

P is payment per period

n is the number of period

r is the discount rate

Given that:

P = $195

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substituting values

$FVA= 195 * \frac{(1+0.04)^4-1}{0.04}=195*4.246=828.06\\FVA=824.06$

The future value of an annuity (FVA) is $828.06

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3 years ago

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Which of the following statements is false about the order in which management determines the sequencing of support department a

GaryK [48]

Answer: A. Departments with more employees are allocated earlier.

Explanation:

In the sequential method, it should be noted that a company allocates the service costs one department at a time. Once the service department cost is allocated by the accountants, the department won't get any other costs from the other service departments.

The statement that is false about the order in which management determines the sequencing of support department allocations under the sequential method of allocating support department costs to production departments is that the departments with more employees are allocated earlier.

Under the sequential method, the department costs that are allocated earlier include having an accurate cost drivers, having a higher cost, or having a large number of support.

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2 years ago

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3 years ago

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Digiron [165]

Answer:simp

Explanation:

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Answer:

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