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kondaur [170]
2 years ago
7

If your credit card limit is $800 and your outstanding balance is $725, what is the largest amount you can charge on that card i

n the upcoming month?
$0


$725


$75


$800
Business
1 answer:
BlackZzzverrR [31]2 years ago
3 0

Answer:

The correct answer is letter "C": $75.

Explanation:

The outstanding balance in a credit card represents the amount of money the account holder used out of the credit limit of the card. It also represents the debt the cardholder has with the financial institution that issued the card. The full credit limit will be available once the outstanding balance is paid off.

Thus, if the credit limit of a card is $800 and its outstanding balance is $725, the account holder can use $75 ($800-$725 = $75) for the upcoming month.

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A group of high school students decide to hold a rally during school hours to protest cuts in the state's education budget. they
Vedmedyk [2.9K]
No, because it disrupts school activities
7 0
1 year ago
Read 2 more answers
The following information relates to Mapfes Manufacturing Corporation for next quarter: January February March Expected sales (i
prohojiy [21]

Answer:

Number of units which company plan to produce in February is 352000

Explanation:

We have given expected sales in January, February and march is 440000, 390000 and 380000 units respectively  

And desired needing finished goods in inventory  in January, February and march is 39000, 38000 and 40000 units respectively  

We have to find the how many units company plans to producing for month February

Number of units which company plan to produce in February = 390000 - 38000 = 352000  

6 0
2 years ago
A 10-year U.S. Treasury bond with a face value of $1,000 pays a coupon of 5.5% (2.75% of face value every six months). The repor
Sveta_85 [38]

Answer:

YTM 5.2%  present value: $1,023.1644

YTM 1% present value:      $1,427.2169

YTM 8% present value:       $830.1209

YTM 8% present value:        $515.7617

Explanation:

YTM we will calculate the present value of the coupon payment

andthe maturity at each YTM rate given:

The coupon payment present value will be the present value of an ordinary annuity

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

Coupon payment 28 (1,000 x 2.75%)

time 20 (10 years x 2 payment per year)

rate          0.026 (YTM over 2 as the payment are semiannually)

27.5 \times \frac{1-(1+0.026)^{-20} }{0.026} = PV\\

PV $424.6800

The present value of the maturity will be the present value of a lump sum:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   20.00

rate  0.026

\frac{1000}{(1 + 0.026)^{20} } = PV  

PV   598.48

PV c $424.6800

PV m  $598.4843

Total $1,023.1644

Now, we will calculate changin the YTM the concept and formulas are the same, just the rate is diffrent:

<u>If YTM = 1% </u>

27.5 \times \frac{1-(1+0.005)^{-20} }{0.005} = PV\\

\frac{1000}{(1 + 0.005)^{20} } = PV  

PV c $522.1540

PV m  $905.0629

Total $1,427.2169

<u>If YTM = 8%</u>

27.5 \times \frac{1-(1+0.04)^{-20} }{0.04} = PV\\

\frac{1000}{(1 + 0.04)^{20} } = PV

PV c    $373.7340

PV m   $456.3869

Total    $830.1209

<u>If YTM = 15%</u>

27.5 \times \frac{1-(1+0.075)^{-20} }{0.075} = PV\\

\frac{1000}{(1 + 0.075)^{20} } = PV

PV c $280.3485

PV m  $235.4131

Total $515.7617

3 0
1 year ago
Dumphy and Funke are rival tattoo artists in the small town of Feline. There are no other tattoo artists in town. It costs $30 t
Soloha48 [4]

Answer: price competition

Explanation:

The type of competition would Funke and Dumphy likely engage in after the decrease in demand is price competition.

Price competition simply means when the companies in a particular industry lower their prices afsubst the prices of identical products in order to boost demand and sales.

Since there's a reduction in demand, Dumphy and Funke will engage in price competition to boost sales.

8 0
1 year ago
Which of the following is an unintended consequence of the rise of the primary and caucus system? Question 3 options:
Andre45 [30]

Answer:

a. Sometimes candidates unpopular with the party leadership reach the top.

Explanation:

Under the primary system there is voting on the ballots which is secret in nature and under the caucus system people vote after listening to the individual nominees and then accordingly to the candidate they like.

In this manner, the candidates who are not even belonging to some recognized or popular parties are in leadership as their individual speech is too alluring to the people present for voting that they vote for that specific candidate.

Thus, the correct answer is:

Statement a.

3 0
1 year ago
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