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nika2105 [10]
2 years ago
14

Which of these credit card payback strategies would result in your paying the HIGHEST amount of interest?

Business
1 answer:
alukav5142 [94]2 years ago
5 0

Answer:

D. Making the minimum payment (3% credit card balance) every month with an occasional late payment

Explanation:

Credit card debts attract a very high-interest rate. By design, the interest on uncleared balances increases rapidly.  Credit cards calculate interest monthly. Any uncleared balance and the interest incurred is rolled over to the next month, where it continues attracting more interest.

The best strategy is to clear credit card debts in the month they are incurred. Late payment attracts heavy penalties. A combination of late payments and outstanding balances will make interest charges grow exponentially.

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Common unsponsored domain name extensions include:<br> .com<br> .org<br> jobs<br> .mobi
Leno4ka [110]
The answer should be .com
5 0
2 years ago
A landlord entered into a 10-year lease of a building with an auctioneer, who planned to use the building itself for a storage a
ArbitrLikvidat [17]

Answer:

$2,000

Explanation:

Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or  a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.

The new owner immediately became the new landlord and he/she assumed all the responsibilities stated in the lease contract. Since the lease contract stated that the "lessor (landlord) agreed to maintain all structures on the property in good repair", the new landlord must pay for any necessary repairs.  

8 0
2 years ago
Blue Vibrance Company sells a product used in many manufacturing processes. The sales activity involves three activity areas: Ac
hjlf

Answer:

The answer and procedures of the exercise are attached in a microsof excel document.

Explanation:

After a research on internet I found the exercise and the questions better explained. The correct formulation is attached as an image. Please let me know that we are looking to the same exercise.

Please consider the data provided by you. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx
3 0
2 years ago
Alphonse Company manufactures staplers. The budgeted sales price is $ 12.00 per​ stapler, the variable costs are $ 2.00 per​ sta
myrzilka [38]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The budgeted sales price is $ 12.00 per​ stapler, the variable costs are $ 2.00 per​ stapler, and budgeted fixed costs are $ 10,000. What is the budgeted operating income for 4,600 ​staplers?

Sales= 12*4,600= 55,200

Variable cost= 2*4,600= (9,200)

Contribution margin= 46,000

Fixed costs= (10,000)

Net operating income= 36,000

3 0
2 years ago
Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
erastova [34]

Answer:

$4,500 U

Explanation:

Teall Corporation

Budget variance = Actual fixed overhead cost − Budgeted fixed overhead cost

Actual total fixed manufacturing overhead $ 59,500

Less Budgeted fixed manufacturing overhead cost $ 55,000

Fixed manufacturing overhead budget variance for the month $4,500 U

Therefore the fixed manufacturing overhead budget variance for the month is $4,500 U

4 0
2 years ago
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