Answer:
$3,488,372.09
Explanation:
Data provided in the question
Annual income provided per year = $150,000
Expected rate of return = 4.3%
So by considering the above information, the amount of money deposited today is
= Annual income provided per year ÷ Expected rate of return
= $150,000 4.3%
= $3,488,372.09
By dividing the annual income by the expected rate of return we can get the today deposited amount
Answer:
D. Credit card companies usually charge higher interest rates for cash advances than for purchases.
Explanation:
A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.
Generally, small businesses or companies who avail their customers the opportunity to pay using a credit card will increase the number of customers that would patronize them because they are typically buying the goods and services on credit.
Also, when a credit card holder is requesting for an advance on cash from its merchant or financial institution, they are usually charged more interest rates compared to when using the card to make a purchase.
Hence, the statement which is true about credit card is that, credit card companies usually charge higher interest rates for cash advances than for purchases.
Answer:
Product audit.
Explanation:
Product audit is defined as an evaluation of a finished product to see if it's use meets the intent or purpose of the product.
It involves a thorough check on the product to ensure it serves its purpose before it is release and supplied to the customer.
Product audit takes place after manufacturing is complete, if the product does not meet specified standards the auditor logs a non conformance. The products are usually repaired. If this is not possible the product is discarded.
Answer:
clothing, shoes, personal hygiene
Explanation:
