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Scrat [10]
3 years ago
7

You have a credit card and the average balance on that card, year after year, is $4,000. The credit card company charges 21% ann

ual intrest on your average balance, how much extra money would you have to invest each year if you weren’t paying intrest on that credit card debt?
A. $117
B. $840
C. $273
D. $791
Business
1 answer:
sergiy2304 [10]3 years ago
4 0
The answer is b. 840$
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Answer:

Explanation:

Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;

  • Favorable
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Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.

Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.

Flexible budget;

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The report showing the Activity and Spending  Variances for march is given in the file attached below, in other not to cause confusion. Thank you.

Download docx
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3 years ago
During last month, your beginning inventory was $17,500, your purchases were $19,252, and your ending inventory was $15,757. Wha
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$20,995

Cost of goods sold:

17,500 Beginning inventory

+19,252 Plus purchased inventory

- $15,757 Minus ending inventory

=20,995 Cost of Goods Sold

7 0
3 years ago
Mackenzie's dream is to open a chain of salons. She hopes to attract investors to help finance growth. Having once considered fo
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Answer: <em>Limited Liability Company</em>

Explanation:

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4 years ago
Use the above graph to answer the following question. Which situation could cause the market for mystery books to shift from lin
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5 0
2 years ago
You are considering purchasing a new automobile that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 mont
bija089 [108]

Answer:

so correct option is B) $527

Explanation:

given data

cost = $28,000

offer APR = 4.9 % = \frac{4.9}{12} = 0.0041

time = 60 months

finance the entire = $28,000

solution

we will apply here formula for calculate monthly payment  that is

= \frac{r(1+r)^t}{(1+r)^t -1}    ...........1

here r is rate that is 0.0041 and t is time that is 60 put here value we get

=  \frac{0.0041(1+0.0041)^{60}}{(1+0.0041)^{60} -1}

= 0.01883

so monthly payment is = 28000 × 0.01883

monthly payment is $527

so correct option is B) $527

6 0
3 years ago
Read 2 more answers
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