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Softa [21]
2 years ago
14

Ronnie has a credit card that uses the previous balance method. the opening balance of one of his 30-day billing cycles was $479

0, but that was his balance for only the first 4 days of the billing cycle, because he then paid off his entire balance and didn't make any new purchases. if his credit card's apr is 15%, which of these expressions could be used to calculate the amount ronnie was charged in interest for the billing cycle?
Business
2 answers:
OLEGan [10]2 years ago
4 0
((0.15/3650 (30)) (4790)
kykrilka [37]2 years ago
4 0

Answer:

$59.88 (rounded)

Explanation:

Divide the annual interest rate by 12 to get the monthly rate, then multiply the monthly rate by the balance. In this case, the number of days does not matter because it is the previous balance method not the adjusted balance method.

(15/12) * $4790 =

1.25% * 4790 = $59.88 (rounded)

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Norma Company had 10,000 units in work in process at January 1 that were 50 percent complete. During January, 25,000 units were
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Answer:

b. 29,800.

Explanation:

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= 25,000 + 4,800  

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5 0
2 years ago
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If the local government tells gas stations that they are not allowed to change the price of gas for three weeks during hurricane
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Answer:

The correct answer is B. Consumers will be unable to buy all the gas they want at the temporary price ceiling price.

Explanation:

At the time that the offer is recent for price control, demand can be stimulated by the existence of a more reasonable and affordable price for the consumer, so that there is an excess of demand against supply, which is It would imply that it should result in an increase in prices that should lead to an optimum level or breakeven point being reached at any given time, a situation that will not occur precisely because of price control.

By resenting the offer while increasing demand, despite the possible shortage, this shortage does not result in a price increase that would be normal, precisely due to the hand of the state that prevents free market development , since it restricts one of the factors that energizes it, which is the price.

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6 0
2 years ago
Cindy's current year adjusted gross income (AGI) is $300,000 and her current year total tax liability is $60,000. Her immediate
Crazy boy [7]

Answer:

The answer is $44,000

Explanation:

Solution

Given that

Now

Present/current year AGI = $300000

Present /current year tax liability = $60000

Prior year AGI = $200000

Prior year tax liability = $40000

Thus

As per Tax rule or applying the Tax rule

If Adjusted gross income(AGI) of prior year is below $250000 then the minimum required tax payment in the current year in order to avoid interest penalty is lower of

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So

Because the prior year AGI is $200000 which is lower than $250000, in order to avoid interest penalty, the minimum required payment amount of tax liability in current/present year is lower of

(1) 90% of current year tax liability of $60000

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Or

(2)110% of prior year tax liability of $40000

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Hence, minimum required total tax payment amount for the current year is $44,000

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2 years ago
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Answer:

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