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Rzqust [24]
3 years ago
12

To help fund his start-up business, Marc charged $400 worth of goods on his credit card. On his first bill, he was not charged a

ny interest and he made a payment of $20. He then charged another $18 worth of goods. On his second bill a month later, he was charged 2 percent interest on his entire unpaid balance. How much interest was Marc charged on his second bill?
Business
2 answers:
Bogdan [553]3 years ago
7 0

Answer:

$7.96

Explanation:

the first month's principal balance = $400 (initial purchase) - $20 (first payment) = $380

the second month's principal balance = $380 (carried over) + $18 (second purchase) = $398

the interest charged on the second month's principal = $398 x 2% = $7.96

borishaifa [10]3 years ago
4 0

Answer:

$7.96

Explanation:

400-20+18 = 398

2% of 398

2/100 × 398 = 7.96

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Can there be constant returns to scale in an industry with an​ upward-sloping supply​ curve?
zheka24 [161]

Answer:

A) are possible because proportional increases in inputs yielding the same proportional increase in output may induce higher input prices.

Explanation:

Constant returns to scale mean that any proportional increase in inputs will result in an equally proportional increase in outputs.  

The price of inputs might also rise because their supply curves are also upward sloping. This would result in an increasing cost industry, that will have an upward sloping long run supply curve.

So an industry can have constant returns to scale and upward sloping supply curve.

6 0
3 years ago
The declaration and issuance of a stock dividend larger than 25% of the shares previously outstanding
lord [1]

Answer:

b. decreases retained earnings but does not change total stockholders' equity.

Explanation:

<u>a. </u>increases common stock outstanding and increases total stockholders' equity.

<u>FALSE: </u>The Equity does not change as the Retained Earnings are used to issue the Shares, so no change in the total Stockholders Equity

<u>d. </u>increases retained earnings and increase total stockholders' equity.

<u>FALSE: </u>The retained earnings are debited thus, decrease when declaring dividends

<u>c.</u> may increase or decrease paid-in capital above par but do not change total

stockholders' equity.

<u>FALSE: </u>paid in will increase or not be used, as the shares will have a minimum value for the company of his face value.

<u>b. TRUE</u> RE decrease as from there comes to the funds. The total SE does not change it change his composition.

4 0
4 years ago
It appears that kkr is willing to pay a lot more for rjr than the market value of rjr before the takeover contest. what are the
erastova [34]

The justification was that the superior financing of the KKR bid would require less gutting of the company to pay off debts

<h3>What is debts?</h3>

Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.

Student loans, mortgages, and business loans are examples of "good" debt, which is defined as money owed for things that can help build wealth or increase income over time. "Bad" debt is defined as credit card or other consumer debt that does little to improve your financial situation. These are exaggerations.

In accounting, debt is classified as a liability. Debt can refer to a variety of different numbers on the balance sheet, ranging from wages payable to tax payable.

To know more about debts follow the link:

brainly.com/question/1957305

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5 0
2 years ago
Content areathe point of zero profit is called the:________
Norma-Jean [14]

The content areathe point of zero profit is called the: Break-even point.

<h3>What is the Break-even point?</h3>
  • By dividing the fixed production costs by the price per unit less the variable production costs, the breakeven point is determined in accounting.
  • The production level at which a product's expenses and revenues are equal is known as the breakeven point.
  • When an asset's market price equals its initial cost, this is referred to as reaching the breakeven point in investment.
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To learn more about Break-even point, refer to the following link:

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7 0
2 years ago
A free market economy allocates resources and distributes goods and services through _____.
Anna007 [38]
It's definitely not the government - a government would have this power rather in a command economy, where it can decide over the distribution of the wealth.

Bartering is more typical for traditional economies.

In practice, what stops people from buying certain goods is their prize- the prize of goods makes those goods a limited resource. So I think that "prize" is the correct answer.
7 0
3 years ago
Read 2 more answers
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