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serious [3.7K]
2 years ago
13

Today, you borrowed $12,200 on your credit card to purchase some furniture. The interest rate is 16.8 percent, compounded monthl

y. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $190?
a. 13.7 years
b. 15.2 years
c. 14.5 years
d. 16.9 years
Business
1 answer:
STatiana [176]2 years ago
7 0

Answer:

13.7 years

Explanation:

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Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue
PilotLPTM [1.2K]

Answer:

D) $801

Explanation:

Businesses can only deduct $25 per gift per client, in this case the client's wife is not an actual client, so Sue can only deduct $25 for the gift plus the wrapping expenses. She can also deduct the $400 spent in the calendars and the $370 watch.

Sue's total deductions = $25 + $6 + $400 + $370 = $801

8 0
3 years ago
London Plastics has monthly fixed costs of $82,500, while its variable costs are $4.50 per unit. If the sales price of a unit is
Sergeeva-Olga [200]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The variable costs are $4.50 per unit. London Plastics sell 15,000 units.

To calculate the total variable costs we need to use the following formula:

Total variable cost= unitary variable cost* total amount of units

Total variable cost= 4.5*15,000= $67,500

5 0
3 years ago
Can you describe cody's current financial position as good average or poor
Slav-nsk [51]
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                                            Liabilities
TV-                    250                         student  loan          2600
Mp3 Player       200                         credit card 1             850                                  Laptop              750                         credit card 2           1200                                  Game system   250                         loan from parents     200                                   watch                200                         truck                       3200                                   Checking Account       560                                                                                        Savings Account 1      945                                                                                  Savings Account 2   3400                                                                                      TOTAL                 $  6555               TOTAL              $8050                LOSS $-1495                          
8 0
3 years ago
Which of the following actions can NEGATIVELY impact your credit score?
Fudgin [204]
It would be B hope this helps!
3 0
2 years ago
Read 2 more answers
The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the
maxonik [38]

Answer:

Approximately $37000

Explanation:

A standard normal curve will be used to solve this question since the histogram of the data takes on a mound shape.

The mean salary is $33000 with one standard deviation equalling $2000.

Using the normal curve, 95% of the salary will lie between 2 standard deviation. i.e. $33000+$2000+$2000=$37000

6 0
2 years ago
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