Complete question:
Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.
What is Bradley's minimum payment?
A) $158
B) $189
C) $270
D) $1,890
Answer:
Bradley's minimum payment is (C) $270.
<h3>What is the percentage?</h3>
- A percentage is a fraction of a whole expressed as a number between 0 and 100.
- Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
- To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>
Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.
So, to find the minimum payment find 3% of $9000.
3% of $9,000 = $270.
Therefore, Bradley's minimum payment is (C) $270.
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Answer:
$44 per case.
Explanation:
If A standard-size box requires 8 board feet of hardwood in the finished product. In addition, 2 board feet of scrap lumber are normally left from the production of one box. Hardwood costs $4.00 per board foot, plus $1.50 in transportation charges per board foot.
Then, To calculate the standard cost of direct materials for the jewelry box, we multiply the direct materials standard price of $4.00 (plus the transportation costs of 1.50 per board foot) by the direct materials standard quantity of 8 feet (8 board feet of hardwood in the finished product) per unit.
The result is a standard direct materials cost of $44 per case.
To have a fundamental and legal basis, there should always be a purchase contract between the buyer and the seller. This contract contains the agreement and requirements for the purchase to proceed. So in this case, it is always agreed in the contract who pays the cost.
Answer:
calculate the NAV based on the total value of assets held divided by the number of fund shares outstanding and may experience fluctuations in the number of shares outstanding on a daily basis
Explanation:
In the Open-end mutual funds it does not limit the no of shares what they are offering, purchase and sold on demand. In the case when the investor buy the shares in the opne-end fund so in this the fund is issued and at the time when the shares are sold by someone so they would be bought back from the fund
It should be determined the NAV depend upon the total amount of assets divided by the number of fund oustanding shares and might be experience fluctations
D. Interest paid on the mortgage of your home is tax deductible
