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3 years ago

A CEedit card's Minimum monthly payment refers to

Business

2 answers:

dangina [55]3 years ago

6 0

Answer:

B. the minimum amount a borrower must pay back each month.

Explanation:

A credit card is the credit facility that the credit card company issues to the credit cardholder. The credit card facilities allow the cardholder to make payments for goods and services on credit up to a set limit. Sine credit card is a debt; the credit card company issues a statement at the end of every month to claim payments from the cardholder.

The credit card statement contains the outstanding statement balance and the minimum monthly payment. The customer is advised to clear all the outstanding balance to avoid interest fees. However, if the customer cannot settle the entire balance, they must pay the minimum balance. Failure to pay the minimum balance is defaulting on the credit card and comes with heavy penalties.

steposvetlana [31]3 years ago

6 0

Answer:

the minimum amount a borrower must pay back each month.

Explanation:

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Alice purchased office furniture on September 20, 2018, for $100,000. On October 10, 2018, she purchased business computers for

lana [24]

Answer:

The correct answer is $30,290.

Explanation:

According to the scenario, the computation can be done as follows:

This applies regular MACRs

So, As furniture is the Seven year property,

So, the cost recovery deduction for the furniture = $100,000 × .1429

= $14,290

And The computer is a five year asset

So, the cost recovery deduction for the Computer = $80,000 × .20

= $16,000

So, Total Cost recovery deduction = Cost of recovery deduction for furniture + cost of recovery deduction for computer

= $14,290 + $16,000

= $30,290

Hence, the cost recovery deduction for the business assets for 2019 is $30,290.

8 0

3 years ago

-Sally works an hourly office job from 8 a.m. until 4:30 p.m., Monday through Friday, with an hour each day for lunch. Lunch is

Jet001 [13]

Answer: False

Explanation:

The Fair Labor Standards Act enacted into law in 1938, covers the protection of employees' rights such as minimum wage, child labor laws and overtime conditions.

According to the Fair Labor Standards Act, an employee who works overtime is entitled to a payment of one and half times their hourly pay. However overtime counts as working for more than 40 hours in a week.

Because Sally has only worked for 37 and a half hours, she will not be entitled to any overtime pay.

6 0

4 years ago

Rita Gonzales won the $53 million lottery. She is to receive $2.2 million a year for the next 20 years plus an additional lump s

guajiro [1.7K]

Answer:

PV= $17,365,776.86

Explanation:

Giving the following information:

Cf= 2,200,000

Number of years= 20

Discount rate= 12%

Additional lump sum= 9,000,000

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {2,200,000*[(1.12^20) - 1]} / 0.12 + 9,000,000

FV= $167,515,373.4

Now, the present value:

PV= FV/(1+i)^n

PV= 167,515,373.4/1.12^20

PV= $17,365,776.86

7 0

4 years ago

Will supply curve have the same exact shape in all market? if not, how will the differ?

Licemer1 [7]

Answer:

At the markets eqilibirium , the quantity demand and the quantity supplied will be equal.If there is a shortage, the quantity demand will be larger than the quantity supplied. If there is a surplus , the quantity demand will be smaller than the quantity supplied.

Explanation:

4 0

3 years ago

A risk management pm is also sometimes called a(n) ________________. accountability manager risk management coordinator key stak

AnnZ [28]

The answer to this question is risk management coordinator<span>
</span>risk management coordinator refers to the the person whose main duty is to minimize the risk and loses from his/her organization.
In order to achieve this, risk management coordinator needs to create a monitoring procedures that sholld be implemented whenever they're analyzing a certain decision<span />

4 0

4 years ago