The best choice is C, 0.50% to 1.25%, because they are only allowed to do roughly about 1% on mutual funds by state requirements and laws in the United States and other major economic groups. This interval is best because A is insanely low on mutual funds and would make the nation impossible to sustain itself, B is a bit too low, and D is absurdly high because 2.50% is a violation. Found this helpful? Give it a Brainiest Award.
<u>Explanation:</u>
1. $1270.54. This is evident since this was written at the bottom of the credit card statement.
2. $500. We find this under the row for payments.
Purchases made:
- 3/25 Groceries land: $142
- 3/27 Book store: $33
- 4/1 Restaurant: $125
- 4/19 Bob's Auto: $425
3. $500
4. Because he made late payments and it comes with a $35 penalty fee as stated in the credit policy of the company.
5. $10.54.
6. $5,000 credit limit, and $3,729.46 is Joe's available credit line.
7. Purchases: 13.99%, Balance transfers: 13.99%, Cash Advances: 25.99.
8. $25.
9. 4/29/19.
10. No, because there is no cash advance charge on the statement.
11. In other to inform the card-holders about the financial burdens attached to paying only the minimum payment due.
Answer: Demand
Explanation:
Determinants of demand includes:
(i) Income of an individual: There is a positive relationship between the income of an individual and demand for a normal good. On the other hand, there is a negative relationship between the income of an individual and demand for a inferior good. This change in income shifts the demand curve.
(ii) Prices of related goods:
Substitute goods: There is a direct relationship between the price of one good and demand for its substitute goods.
Complimentary goods: There is a inverse relationship between the price of one good and demand for its complimentary good.
This determinant of demand also shifts demand curve.
(iii) consumer preferences: Favorable consumer preferences increases the demand for a particular good and shifts the demand curve rightwards.
(iv) Number of buyers: If the no. of buyers increases in an economy then as a result demand for goods increase which shifts the demand curve rightwards and vice-versa.
(v) Expectations: If the expected price of a particular good increases in the near future then as a result demand for that good increases in present.
Answer: $8000
Explanation:
From the question, we are informed that Jerry and Julie are brother and sister and that Jerry sold stock to Julie for $5,000, its fair market value.
We are further told that the stock cost Jerry $10,000 five years ago and that Jerry also sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago.
Jerry's recognized loss before the $3,000 capital loss will be difference between $10,000 which was the cost and the 2000 which Jerry later sold it for. This gives:
= $10,000 - $2000
= $8000
Answer:
Cost variance is $6,400 unfavorable
Explanation:
Cost variance shows that how much under/over valued is the budget. It measures the difference of the actual cost incurred and the budgeted cost.
Earned value is the value of budgeted cost which is calculated using actual activity. It is the cost that should be incur on budgeted units.
Earned value can be calculated as follow:
Earned value = Actual Activity x Budgeted rate = $27,500 x $6 = $165,000
Formula for cost variance is as follow
Cost Variance = Earned Value - Actual Value
Cost Variance = $165,000 - $171,400
Cost Variance = -$6,400
It is an unfavorable variance because company incurred more cost than it should be.
