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2 years ago

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

Business

2 answers:

Gelneren [198K]2 years ago

8 0

1.60657%. this is the answer

Andrei [34K]2 years ago

5 0

Apex - 1.61 is the answer :)

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Assume that Joe has $80 to spend on books and movies each month and that both goods must be purchased whole (no fractional un

vovangra [49]

Answer:

Please see attachment

Explanation:

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2 years ago

Caroline Perfumes is a premium, exotic women's fragrance company. The manufacturers of Caroline Perfumes

mash [69]

Answer:

c. To focus on establishing a brand name

Explanation:

Specialty products are products that people want to buy because they are unique and are from a certain brand they prefer. According to this, the answer is that in this case, the objective of the manufacturers of Caroline Perfumes would be to focus on establishing a brand name because that would create customers' loyalty and they would be willing to make an effort to buy the product.

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2 years ago

Which of the following is an example of a functional skill?

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I would assume it's A, because you need to communicate to calm them down, which happens to be a functional skill

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2 years ago

Read 2 more answers

Luke Corp. issued $2,000,000 of 20-year, 9% callable bonds on July 1, Year 1, with interest payable on June 30 and December 31.

olga55 [171]

Answer:

Cash 2,000,000

Bonds Payable2,000,000

To record Issuance of bonds

Interest expense 90,000

Cash 90,000

To record payment of bonds

Bonds Payable 2,000,000

Cash 1,940,000

Gain on Redemption 60,000

To record the call of the bonds at 97

Explanation:

The bonds were issued at par, we have no information to oppose that.

The interst will be 2,000,000 x 9% x 1/2 = 90,000

Notice there is 2 payment per year, so the interest are split in two

Bonds called at 97:

2,000,000 x .97 = 1,940,000

Book value ofthe bonds 2,000,000

gain on redemption 60,000

We pay obligation valued at 2,000,000 for 1,940,000 That's why we recognize a gain, we paid the debt cheaper.

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2 years ago

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.

Elodia [21]

Answer:

August 2021:

Total Cost

Aug.1 Inventory on hand—3,200 units; cost $6.50 each. $ 20,800

8 August Purchased 16,000 units for $6.70 each. $ 107200

14 August Sold 12,800 units for $13.20 each. $ 165600

18 August Purchased 9,600 units for $6.80 each. $ 65,280

25 August Sold 11,800 units for $12.20 each. $ 143,960

28 August Purchased 5,200 units for $5.80 each. $ 30,160

31 August Inventory on hand—9,400 units.

FIFO Ending Inventory $58,720

5,200 units for $ 30,160

4,200 units for $6.80 each. $ 28,560

FIFO Cost OF Goods Sold

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 - $58,720= 223,400-$58,720 = $ 164,720

LIFO Ending Inventory $ 62340

3,200 units; cost $6.50 each. $ 20,800

6,200 units for $6.70 each = $ 41540

LIFO Cost OF Goods Sold

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 -$ 62340= 223,400-$ 62340=$ 161,100

Average Cost Ending Inventory = $223,400/ 34,000= 6.570

9,400* 6.570= $ 61,763

Average Cost of Goods Sold = (Total Units - Ending Unit )* 6.57=

= $ 223,380

7 0

2 years ago