Event Credit Payment Interest Principal Balance
$500.00 $0.00 $0.00 $500.00
Payment 1 $100.00 $7.40 $92.60 $407.40
Payment 2 $100.00 $6.23 $93.77 $313.63
Payment 3 $100.00 $4.79 $95.21 $218.42
Payment 4 $100.00 $3.02 $96.98 $121.44
Payment 5 $100.00 $1.86 $98.14 $23.30
Payment 6 $23.64 $0.34 $23.30 $0.00
Grand Total $500 $523.64 $23.64 $500.00 $0.00
Study this payment schedule and answer the following questions.

Part A
How long will it take to pay off this credit card?

Part B
How much will the interest be?

Answers

Answer 1

Answer: 6 months

Explanation:

plato

Answer 2

Answer:

It will take six months to pay off the credit card and the interest will be $23.64

Explanation:


Related Questions

which state produces nearly 85% of wine in the u.s.?

Answers

Answer:

California is the largest wine producer in the United States, producing over 84% of all U.S. wine production.

Explanation:

You will still be able to get public broadcasting whether or not you contribute to their fundraising campaign. You decide not to contribute. What is this an example of?
A. a public-sector problem
B. an externality problem
C. a public-good problem
D. a free-rider problem

Answers

Answer:

D. a free-rider problem

As some of the earliest management theories, scientific management and administrative management comprise the ________ viewpoint. behavioral quantitative systems contemporary classical

Answers

The management viewpoint which is made up of the scientific management and administrative management is known as:

E. Classical viewpoint

According to the given question, we are asked to state the name which is given to the management viewpoint which is made up of the scientific management and administrative management.

As a result of this, we can see that this is one of the earliest management theories as this has to do with the different methods of managing people and resources in a market system.

Therefore, the correct answer is option E

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Bagel, Inc. issued 50,000 shares of the 100,000 authorized. It has since repurchased 5,000 of its shares. The number of shares outstanding equals ______ shares.

Answers

Based on the information given the number of shares outstanding equals 45,000 shares.

Using this formula

Shares outstanding=Issued shares-Shares repurchased

Where:

Issued shares=50,000 shares

Shares repurchased=5,000 shares

Let plug in the formula

Shares outstanding=50,000-5,000

Shares outstanding=45,000 shares

Inconclusion the number of shares outstanding equals 45,000 shares.

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Appleville is a village that specializes in all forms of apple products. Suppose that each winter, when no apples are being produced, aggregate output falls below the long-run equilibrium output level. What type of fiscal policy might be most effective in correcting this problem

Answers

The type of fiscal policy which might be most effective in correcting this problem is:

C) Increasing government spending in order to increase aggregate demand.

According to the given question, we are asked to state the  type of fiscal policy which might be most effective in correcting this problem of the village  which loses its aggregate output.

As a result of this, we can see that the fiscal policy which can solve this problem is by increasing the government spending so that the aggregate demand would be increased.

Therefore, the correct answer is option C

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Why is it important to explain the objectives and procedures of a research project both to current and future decision makers in a company

Answers

It is important to explain the objectives and procedure of an investigation because this directly impacts the decisions that the company can make.

Companies generally research to improve their products or market research to target their products to a target audience.

When these investigations are carried out, they are always done to improve productivity, sales, and the quality of the company. Therefore, if an investigation focused on the quality of a product is carried out, the process and objectives must be shared so that the investigation impacts the improvement of the company.

For example:

When a bicycle company researches to make the design of the bicycle lighter and more aerodynamic, it can be inferred that the objective of this research is to improve the product and the procedure is through the study and experimentation of the bicycle in different controlled environments.

This will cause the company's decision-makers to promote its new model and invest more in advertising and technology development to improve the product.

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Identify four (4) different types of credit (purposes)

Answers

Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit

Which method of bond amortization amortizes the premiums/discounts accurately and is considered a conceptually superior method

Answers

Answer:effective-interest

Explanation:

______ ratios measure how much operating income an organization is able to generate relative to assets, owners' equity, and sales.

Answers

According to business strategy, the Profitability ratios measure how much-operating income an organization can generate relative to assets, owners' equity, and sales.

What are Profitability ratios?

Profitability ratios s a form of financial method or procedure in which firms assess or evaluate the ability to generate income or revenue based on the capacity and resources.

Different types or methods of Profitability ratios:

Gross Profit RatioOperating RatioOperating Profit RatioNet Profit RatioReturn on Investment

Hence, in this case, it is concluded that the correct answer is "Profitability ratio."

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A corporate bond pays interest on a J/J 15 schedule. An investor purchasing these bonds on Friday, April 17, would pay accrued interest for A) 95 days. B) 92 days. C) 91 days. D) 96 days.

Answers

The corporate bond, which pays interest on a J/J 15 schedule, means that the investor purchasing the bonds on Friday, April 17, would pay accrued interest for D) 96 days.

Each month of a corporate bond contains 30 days. If the corporate bond is for three months, then six additional days are given, making it a total of 96 days (30 x 3 (+ 6 days).

Thus, the investor's accrued interest would be for 96 days.

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true false Stocks, or equity securities, represent the purchase of ownership in a business corporation.

Answers

It is true that stocks or equity securities represents the purchase of ownership in a business corporation.

Stocks is also called (equity securities) and refers to the security that represents the ownership of a fraction of the corporation.

These fraction of ownership are owned by the Shareholders who wishes to own a share of the company.

So, these shareholder are paid dividend depending on how the company performs in the accounting year.

Therefore, it is true that stocks or equity securities represents the purchase of ownership in a business corporation.

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the best way for federal reserve board officials to help boost a stagnant economy is to

Answers

The most beneficial way for the Federal reserve board officials to help boost such economy is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.

The federal reserve board officials are nominated by the President and Senate to oversee the activities of the federal reserve.

Typically, the stagnant economy is characteristic by increasing interest rate which will discourage borrowing from bank.

However, if the officials lower the interest rate for bank, it will encourage more provision of loans to borrowers.

Therefore, the most beneficial way is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.

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Sullins Cleaning Service has purchased a new pressure washer for $18,000. Sullins Cleaning is allowed to charge a portion of the company's cost during its useful life against the profits it generates. This practice is called:

Answers

The practice which allowed to charge a portion of the company's cost during its useful life against the profits its generates is known as depreciation.

Depreciation refers to the reduction of the recorded cost of a fixed asset in a systematic manner because of factors like use, wear, tear, obsolescence etc.

The depreciation of the Fixed asset is accounted for in financial accounting by charging the portion of the company's cost during its useful life against the profits its generates.

In conclusion, the practice described in the question is known as depreciation.

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a competitive firm’s short-run supply curve is its ________ cost curve above its ________ cost curve.

Answers

Answer:

marginal and average total

Explanation:

A competitive firm's short run supply curve is the portion of its marginal cost curve that lies above its average total cost curve.

What is enterprise value.

Answers

Answer:

In business, enterprise value (EV) is a comprehensive measure of a company's complete worth that is sometimes employed as a more comprehensive alternative to stock market capitalization. The enterprise value (EV) of a firm comprises not only the market capitalization of the company, but also short- and long-term debt, as well as any cash on the balance sheet of the company. Enterprise value is a common statistic for determining the worth of a firm in the context of a possible acquisition.

Explanation:

Hope it helps:)

A sum of $6,500 deposited in an account grows to $8,000 in 9 years. Assuming annual compounding, what interest rate is being paid

Answers

Answer:

The interest rate would be 2.33%, bringing the total after 9 years to $8,000.06

Explanation:

The final balance would be $8,000.06 and a total compound interest of $1,500.06

If the MPC is 0.8 and government transfers to households decrease by $50 million, then equilibrium GDP will decrease by:

Answers

The equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.

Transfer payment multiplier = MPC / (1 - MPC)

Transfer payment multiplier = 0.8 / (1 - 0.8)

Transfer payment multiplier = 0.8 / 0.2

Transfer payment multiplier = 4

If the government transfers decrease by $50 million.

Equilibrium GDP will decrease by:

= $50 million * 4

= $200 million.

Therefore, the equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.

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Select the steps in financial planning. (Select all that apply) Multiple select question. define the firms organizational chart forecasting short term needs recruit employees establish financial controls develop budgets

Answers

The available steps which are part of the financial planning process for a business or an individual includes:

B. Forecasting short term needsD. Establish financial controlsE. Develop budgets

According to the given question, we are asked to state the available steps which are part of the financial planning process for a business or an individual.

As a result of this, we can see that the main objective of the financial planning process is to optimize the profits which the business makes. With this in mind, we can see that the steps which are

Therefore, the correct answers are options B, D and E

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Daffy Duct, Inc. issued 10,000 shares of $1 par value common stock at $5 per share. The effect of this transaction on the accounting equation includes a ______. (Check all that apply.) Multiple select question. $50,000 increase in total assets. $50,000 decrease in total stockholders' equity. $10,000 increase in total assets. $50,000 increase in total liabilities. $10,000 increase in total stockholders' equity. $50,000 increase in total stockholders' equity.

Answers

The effect of this transaction on the accounting equation includes a:

$50,000 increase in total stockholder's equity, $50,000 increase in total assets.

The above means that Daffy Duct received $50,000 cash in exchange for ownership in common stock (10,000 shares at $5 each).  

Asset is what the company owns, while Equity (the difference between assets and liabilities or what it owes to the owners)

In the light of the above ,there is an increase in assets and increase the stockholder's equity.

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the ________ phase is the most important step in the sdlc process.

Answers

The most important phase of the SDLC is the requirement gathering and analysis phase because this is when the project team begins to understand what the customer wants from the project.

The Requirement Gathering  phase is the most important step in the SDLC process.

What is SDLC  important phases?

Software Development Life Cycle is known to be the use of standard business practices to create software applications.

It is known to be divided into eight steps which are:

PlanningRequirementsDesign Build Document Test DeployMaintain

Conclusively, we can say that the Requirement Gathering  phase is the most important step in the SDLC process as it is the stage where all the information needed for the project or work is put together.

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The different types of information systems that have been developed to support certain aspects and types of decisions are collectively called _____ systems.

Answers

Answer:

Management Support System

Explanation:

Trainor Sports recently issued 25,000 shares of its $12 par value common stock for $450,000. Which amounts represent legal capital and total paid-in capital, respectively

Answers

The amount that represents legal capital is $300,000 and the amount that represents total paid-in capital is $450,000.

The legal capital is the amount that is based on the par value or stated value of the common stock per share. For example, in this case, the par value per share is $12.

The legal capital is obtained as the sum of 25,000 shares x $12, which is $300,000.  The difference of $150,000 ($450,000 - $300,000) is the additional paid-in capital.

Thus, the total amount of $450,000 is the recently issued total paid-in capital for Trainor Sports.

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The amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

a. Legal fees

Using this formula

Legal capital=Number of shares× Per value

Let plug in the formula

Legal capital=25,000×$12

Legal capital=$300,000

b. The total paid-in capital is $450,000 reason being that $12 par value common stock was issued at cost of $450,000.

Inconclusion the amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

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3. Tom and Melody are considering the extensive use of ads in fitness magazines and a direct mail campaign targeted at people who have bought other products made by Xer-Wise. Since these messages are geared directly to customers, it is clear that Tom and Melody want to implement a _________ strategy.

Answers

Tom and Melody want to implement a pull strategy.

Since these messages are geared directly toward customers, it is clear that Tom and Melody want to implement a pull strategy.

What is the pull strategy?

The tactic of bringing the consumer to you is known as a pull strategy. Pull strategy is the use of pull strategies, or the conveyance of information, to attract the consumer rather than forcing your business on them. These clients frequently start to promote your company for you. For instance, a business may send prior clients a promotional email about a new range of items.

Businesses may also give recent clients a coupon for a future purchase. A pull marketing approach may boost profitability by retaining existing consumers and consistently attracting new ones. Pull marketing, on the other hand, refers to using a technique that inevitably increases customer interest in your company's name or goods (usually with relevant and interesting content).

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Gillette uses ________ pricing when it offers razor handles at a low cost, but places a high markup on the replacement razor blades that fit in the handles.

Answers

Answer:

captive product

Explanation:

Its right trust me!

In general, how do federal laws protect employee benefits?

Answers

Answer: They make sure employees get fair pay.

Explanation: Brainliest please

why do we need to suffer from taxes

Answers

Answer:

because it is very important so we can know the answere

The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the ______ structure.

Answers

Bureaucratic structure is a structure that has  a lot of formalized set of role expectations. The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the multi-divisional structure.

Bureaucratic structure along with its different roles shows who is expected to do what, how, and when.

This structure is said to be a normative in nature that is often disconnected from decision behavior or process.

The structure often shows the different facets of a mechanistic organization when looking at work specialization, formalization, and centralization.

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Economists use the term ________________ to describe the part of the budget deficit that is a result of a downturn in economic activity.

Answers

Answer:

Cyclical deficit

Explanation:

(Please help)

Question: Drag each label to the correct location on the image.
Match the tasks with the professionals who would complete them.

Answers

designs transportation etc = civil engineer

uses equipment to cut down trees = logging

inspects building = energy

reduces the amount of energy = energy

designs and oversees = civil engineer

categorizes trees = logging

gator, inc. has a 42% share of the $300 million market for gator t-shirts. however, they feel they can do better. after doing research, they found the gator t-shirt industry as a whole spends $50 million a year in marketing efforts. gator, inc. knows its own gross margin is $14.7 million for the year. not satisfied with their 42% share, they decide to try to obtain 45% of the market. is it worth the effort for gator, inc. to attempt the increase in market share, and how much gross margin do they gain or lose in the effort assuming they are successful?

Answers

It does not worth the effort for gator, inc. to attempt the increase in market share, and the amount of gross margin they lose in the effort assuming they are successful is $1,200,000.

Sales revenue per share point = 300 million/100

Sales revenue per share point = $30 million

Firm’s sales = 300 x 42%

Firm’s sales = $126 million

Firm’s Gross Margin per share point = $14.7 million/42 share points

Firm’s Gross Margin per share point = $350,000

Per share of voice point = $50,000,000/100

Per share of voice point = $500,000

Increase in market=42% -45%

Increase in market= 3%

Using 1.5 rule of competitive parity the company would have to spend more money in order to make use of 4.5 additional share of voice points

Additional marketing effort required=$500,000 per share x 4.5

Additional marketing effort required= $2,250,000  

Assuming the company was successful, market share will increase  by 3 share points.

Additional share points yield=350,000 x 3

Additional share points yield=$1,050,000

Gross margin=$1,050,000­- $2,250,000

Gross margin= ­$1,200,000

Based on the above calculation  Gator Inc.  should not increase their market share reason been that they would lose $1,200,000.

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