A credit card issuer charges an APR of 19.56%, and its billing cycle is 30 days long. What is its periodic interest rate?

Suppose you earned a $275,000 bonus this year and invested it at 8.25% per year. How much could you withdraw at the end of each

olga nikolaevna [1]

Answer:

withdraw = 28532.45

so correct option is a. $28,532

Explanation:

given data

earned = $275,000 bonus

interest rate = 8.25% per year

time = 20 year

to find out

How much could you withdraw at the end of each of the next 20 years

solution

first we find here Cumulative discount factor that is express as

Cumulative discount factor = $\frac{(1-(1+r)^{-t}}{r}$ .............1

put here value r is rate and t is time

Cumulative discount factor = $\frac{(1-(1+0.0825)^{-20}}{0.0825}$

Cumulative discount factor = 9.638148

so here

withdraw = Present amount ÷ cumulative discount factor .......2

put here value we get

withdraw = $\frac{275000}{9.638148}$

withdraw = 28532.45

so correct option is a. $28,532

3 0

1 year ago

Let's think about billions by looking at Bill Gates, president of Microsoft. One year, his personal wealth grew by $20 billion.

marta [7]

Answer:

No, he should not pick up the $100 bill

Explanation:

If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.

First let's find out how much is that salary by a day, then by an hour, then by a minute and finally by a second.

$\frac{20,000,000,000}{year}*(\frac{1 year}{365d})*(\frac{1d}{24h})*(\frac{1}{60min} )*(\frac{1min}{60s} ) \\\\ =\frac{20,000,000,000}{365*24*60*60} \\ \\ =\frac{20,000,000,000}{31,536,000} \\ \\ =634.19$

So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.

6 0

2 years ago

The factory foreman at an automobile assembly plant is behind on meeting the quarterly production target due to an ongoing machi

Kazeer [188]

Answer:

The answer is Scarce Resources

Explanation:

Companies use different resources to perform their projects, when talking about resources, reference is made to both materials and labor; resources can have an unlimited or limited quantity.

When speaking of scarce resources, it means that the company has a limited amount of what it needs to carry out its project, it must be taken into account that both labor, capital or material may be scarce.

For example, in the case of the foreman of the automobile assembly factory, he cannot meet his production objectives since his employees are on strike, which means that he has a shortage of resources in labor.

I hope this information can help you.

7 0

2 years ago

Trevor’s peers were surprised when he received a promotion and suddenly became their supervisor. They thought he was rather unre

givi [52]

Option D

According to the contingency model, Trevor has: poor leader-member relations

<h3>Explanation:</h3>

The Contingency Theory of Leadership asserts that a leader’s effectiveness is contingently superimposed on how his or her management style suits the situation. Leader-Member Relations is a glimpse at how well you are linking with your companions.

If you are in good relation heads with them and they hope you, then the circumstance is helpful. To win, there must be solid leader-member relations. Here peers of Trevar possess the amount of information about him is not enough due to his lack of communication with peers. The leader-member relations are therefore poor.

8 0

2 years ago

The company's adjusted trial balance as follows includes the following accounts balances:

Zina [86]

Answer:

Expense & revenue summary a/c (credit balance) = $3500

Explanation:

1. Dr Expense & revenue summary 52500

Cr Sales discount 1500

Cr Sales return & allowance 3000

Cr Depreciation expense 25000

Cr Salaries expense 23000

(Close expenses to expense & revenue summary a/c)

2. Dr Sales 56000

Cr Expense & revenue summary 56000

(Close sales to expense & revenue summary a/c)

3. Dr Expense & revenue summary a/c 3500

Cr Retained earning a/c 3500

(To close expense & revenue summary a/c)

4. Dr Retained earning 2000

Cr Expense & revenue summary 2000

(Close dividend to expense & revenue summary a/c)d

7 0

2 years ago