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2 years ago

Francisco's credit card has an APR of 13%, calculated on the previous

Business

1 answer:

lora16 [44]2 years ago

5 0

Answer:

$279.53

Explanation:

The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:

Principal paid =

$47.67+$47.23+$46.80+$46.37+$45.94+$45.52

=$279.53

Therefore how much of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.

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Suppose you’ve already received your free credit reports this year. Give 3 situations in which the credit bureaus would have to

dmitriy555 [2]

Answer:

The Fair Credit Reporting Act allows you to get a free credit report under certain circumstances:

If you were denied a loan, insurance or job application based on low credit score you have 60 days to request a free copy of your credit report.
If your are currently without a job but you plan to look for one within 60 days.
It your are currently on welfare.
If you suspect you are victim of identity theft.

3 0

2 years ago

Rhys Hoskins is the president of RH Corporation (RHC). RHC has provided the following partial listing of costs incurred during A

zimovet [89]

Answer:

$306,000

Explanation:

To determine manufacturing costs, consider only those cost that can be directly traced to the product manufactured and plant related costs.

Total Manufacturing Cost Calculation :

Factory Utilities $11,400

Indirect Materials $39,500

Direct Materials $166,400

Equipment Depreciation $47,000

Direct labor $91,700

Total Manufacturing Cost $306,000

5 0

2 years ago

Chenault was a celebrity at American Express and is known for transforming the lives of many of his employees. Based on this per

andrew11 [14]

Answer:

Inspirational Appeal

Explanation:

Inspirational Appeal happens when the traditional transition leader uses motivation mostly in downward fashion to affect maximum performance in a group.

The leader ultimately ties the intended action or result to a set of principles and beliefs which the group honors.This panders to emotions, which are a primary motivating driver.

An instance is when a new leader shares their ambition for future success and not only receives assistance by doing so, but also sparks passion for significant change.

Motivation and inspiration often involves behavior modelling and example setting for someone else to pursue.

3 0

2 years ago

MarketPoint Sales currently has a credit limit of $5,000. Because MarketPoint Sales has an excellent credit rating, BITS is incr

azamat

Yes , the given statement is true

Explanation:

Since the credit limit is now 10k for purchases of Marketpoint, the demand requires them.

You will apply for an increasing or decreasing in the loan cap electronically and will actually receive an immediate decision.

You should wait 4 months before your credit limit is extended and wait 6 months after a drop in your credit ceiling for an increase.

8 0

2 years ago

Three years ago, the U.S. dollar/euro exchange was 1.32 USD/EUR. Over the last three years, the price level in the United States

jeyben [28]

Answer:

A. increased, and Eurozone goods are now more expensive to U.S. customers

Explanation:

The exchange rate represents a link between domestic prices and foreign prices, so Three years ago, Price in the Eurozone was:

P1 (US)= 1.32 USD / EUR * P1 (Eurozone)

Now, after three years of inflation, the new prices are

P2 (US)= 1.18* P1 (US)

P2 (EUROZONE) = 1.12 *P1 (EUROZONE)

So, if we replace in the equation =

P2 (US)/1.18 = 1.32 * P2 ( EUROZONE)/1.12

P2 (US) = (1.32 * 1.18)/1.12 *P2 (EUROZONE)

P2 (US) = 1.39 P2 (EUROZONE)

As we can see, the teorical exchange rate should be 1.39 but we have a REAL exchange rate of 1.4, which is greater, the prices are now more expensive to US customers

6 0

2 years ago