Answer:
a. $5
b. $4
c. $6
Explanation:
a. store A?
Beginning balance = $300
Ending balance = $300 - $100 = $200
Average balance = ($300 + $200) ÷ 2 = $250
Monthly APR = 24% ÷ 12 = 2%
June finance charge = Average balance × Monthly APR = $250 × 2% = $5
b. store B
June finance charge = (Beginning balance - Payments) × Monthly APR = ($300 - $100) × 2% = $4
c. store C?
June finance charge = Beginning balance × Monthly APR = $300 × 2% = $6
Answer:
Correct option is G
Explanation:
Since required return on investment =10%
Thus discount factor = 1.1
Present value of stock = 2.2/1.1 + (14.6 + 2.4)/1.1^2
= $16.04
Regressive tax - larger proportion of lower-income earners’ total income is withheld, compared to high-income earners
A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is classified an agent.
<h3>Who is an agent?</h3>
This is a person that is signed on to work on behalf of another person. This may be someone who helps to make decisions on behalf of the person that they represent.
Also a person that does business on behalf of another for the sake of commissions is an agent.
Read more on agent here: brainly.com/question/1340366
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