answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nika2105 [10]
1 year ago
14

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

Business
1 answer:
alukav5142 [94]1 year 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.

You might be interested in
Marco was an economics major in college until he discovered he could major in strength and conditioning. Then he switched majors
Liono4ka [1.6K]

n the video, Marco says he was an economics major in college until he discovered he could major in strength and conditioning. Then he switched majors. Clearly, learning about this field is important to him. Mike and Bob are addressing ............... when they send Marco to seminars instead of, for example, increasing his salary in exchange for his continued high performance at MBSC. They could maintain Marco’s high level of motivation by:........................

A. Sending him on an all-expense-paid Caribbean cruise for two weeks

B. Reimbursing his tuition as he seeks a master’s degree in fitness management

C. Reassuring him that he has a job with MBSC as long as he performs well

D. Setting up an employee discount program at a nearby coffee shop, laundromat, and tasalon

Answer:

Valence

C. Reassuring him that he has a job with MBSC as long as he performs well

Explanation:

By sending Marco to seminars, Mike and Bob are addressing VALENCE;  a psychological value  an individual put on  another person, in relation to the attractiveness of individual whose a psychological value has been placed. In this case, a psychological value placed on Macro by his managers is the valuable rewards they would get from his professional development, rather than increasing his salary in exchange for high performance.

Therefore, they could maintain Marco’s high level of motivation by reassuring him that he has a job with MBSC as long as he performs well.

7 0
1 year ago
Suppose you purchase one share of the stock of Cereal Correlation Company at the beginning of year 1 for $50. At the end of year
cricket20 [7]
B the answer is going to be
6 0
2 years ago
Emily earns $786 per month plus a 3 1/4 % commission on sales. What were her total earnings last month when she has sales of $14
Brilliant_brown [7]

add the money together and then divide it by the fraction or percent

8 0
1 year ago
Read 2 more answers
Dita takes out a student loan from Everloan Bank. When she fails to make the scheduled payments for six months, Everloan advises
kap26 [50]

Answer:This violates no federal law

Explanation:

Federal laws are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature. Individual laws, also called acts, are arranged by subject in the United States Code.

6 0
1 year ago
As the television industry has changed in the last few decades from just three major networks to a multiplicity of networks, one
Ket [755]

Answer:

The answer is narrower competitive scope.

Explanation:

In a narrow competitive scope, a business might choose a focus strategy which can be oriented to cost leadership or differentiation. When implementing a focus strategy, the company chooses to only produce goods or provide services to a certain segment of people. In a cost leadership strategy, the business might choose to engage on initiatives that would lead it to be identified from its ability to provide the lowest possible price for its target segment. When choosing a differentiation strategy instead, the company’s competitive advantage would be its ability to provide a wide range of products.

4 0
2 years ago
Other questions:
  • Hardwoods, a timber supplying company, contracted with a furniture manufacturer, taylor furniture. hardwoods owned a large plot
    8·1 answer
  • An individual actually earned a 4 percent nominal return last year. Prices went up by 3 percent over the year. Given that the in
    9·1 answer
  • It is rumored that the Illinois Operations Manager, Sam, has requested the quarterly budget to include an available position for
    6·1 answer
  • Waller Co. paid a $0.137 dividend per share in 2000, which grew to $0.55 in 2012. This growth is expected to continue. What is t
    7·1 answer
  • Andy "Nard Dog" Bernard graduated from Cornell in May of 2018 with a BA in Women's Studies. As a graduation gift, Nard Dog's fat
    10·1 answer
  • When a manager analyzes the effects that an increase in the minimum wage will have on costs, employees, consumers, and the econo
    7·1 answer
  • In two to three sentences, list the tree steps for effective decisions using marginal analysis
    6·1 answer
  • Moore’s Inc. will be making lease payments of $3,895.50 for a 10-year period, starting at the end of this year. If the firm uses
    12·1 answer
  • If the total for this month's credit purchases is $550 at 24% annual interest, what is the total balance for the month after one
    13·2 answers
  • Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!