you charged $1,000 on your credit card for christmas presents. your credit card company charges you 26% annual interest, compounded monthly. if you make the minimum payments of $25 per month, how long will it take (to the nearest month) to pay off your balance? group of answer choices 79 months 54 months 40 months 94 months
Answers
It will take approximately 94 months to pay off the balance (option d).
To determine how long it will take to pay off the balance, we need to calculate the number of months it will take for the balance to reach zero.
First, let's calculate the monthly interest rate. Divide the annual interest rate by 12 (number of months in a year): 26% / 12 = 0.0217.
Next, let's calculate the monthly interest amount. Multiply the monthly interest rate by the balance: 0.0217 * $1,000 = $21.70.
Now, let's calculate the amount of the monthly payment that goes towards reducing the balance. Subtract the monthly interest amount from the minimum payment: $25 - $21.70 = $3.30.
To find out how many months it will take to pay off the balance, divide the initial balance ($1,000) by the amount of the monthly payment that goes towards reducing the balance ($3.30): $1,000 / $3.30 ≈ 94 months.
Rounding to the nearest month, it will take approximately 94 months to pay off the balance. The correct option is d.
To know more about balance:
https://brainly.com/question/27154367
#SPJ11
Related Questions
From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?
Answers
Answer:
15.20%
Explanation:
The computation of the M1 increase is shown below:
= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010
= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)
= 15.20%
Nike becomes very unpopular. What happens to demand for Reebok?
A. The D-curve shifts to the right
B. The D-curve shifts to the left
C. The D-curve doesn't shift. QD increases
D. The D-curve doesn't shift QD decreases
Answers
Answer:
A. The D-curve shifts to the right
Explanation:
Nike and Reebok are supplement goods. It means customers can use either of two brands of shoes with almost equal satisfaction. A change of preferences by customers will influence the demand for supplement goods.
If Nike becomes unpopular, the demand for Reebok will increase. Because the increase in demand is not due to price changes, the demand curve will shift to the right. A shift in the demand curve means that the quantity demanded increases at all prices.
Journalize these transactions for Sampson Co. If an amount box does not require an entry, leave it blank
Answers
The journal entries of these transactions for Sampson Co. using the perpetual inventory method are as follows:
Journal Entries:Dec. 1: Debit Accounts Receivable (Batson Co.) $46,000
Credit Sales Revenue $46,000
Terms 2/15, net 45.
Debit Cost of Goods Sold $38,500
Credit Inventory $38,500
Dec. 6: Debit Cash $45,080
Debit Cash Discounts $920
Credit Accounts Receivable (Batson Co.) $46,000
Transaction Analysis:Dec. 1: Accounts Receivable (Batson Co.) $46,000
Sales Revenue $46,000
Terms 2/15, net 45.
Cost of Goods Sold $38,500
Inventory $38,500
Dec. 6: Cash $45,080
Cash Discounts $920
Accounts Receivable (Batson Co.) $46,000
Question Completion:Dec. 1 Sampson Co. sold merchandise to Batson Co. on account, of $46,000, terms 2/15, net 45.
The cost of the merchandise sold is $38,500.
Dec. 6 The Batson Co. paid the invoice within the discount period.
Sampson Co. uses the perpetual inventory method.
Learn more about journalizing business transactions at https://brainly.com/question/17201601
#SPJ1
Which nims structure develops recommends and executes?.
Answers
Answer:
Joint Information System (JIS) is a NIMS structure develops, recommends, and executes public information plans and strategies.
when you are reading and come to an unknown word what should you do first? a.look for clues in the text b. skip it and keep reading c.look it up in a dictnoiry d.ask the teacher what it means. make sure to have an explanation
Answers
Answer:
I sound it out
Explanation:
and the word is conjunction
what are the equilibrium price level and the equilibrium level of real output in this hypothetical economy?
Answers
In macroeconomics, the equilibrium level of output and prices in the economy is determined by the interaction of the aggregate demand and aggregate supply.
Equilibrium occurs when the aggregate demand and aggregate supply curves intersect. The equilibrium price level and the equilibrium level of real output in this hypothetical economy are determined by the intersection of the aggregate demand and aggregate supply curves.
When aggregate demand and supply curves intersect, the price level and real output at that point are in equilibrium. Equilibrium is achieved when the quantity of goods and services demanded in the economy equals the quantity of goods and services supplied. In this hypothetical economy, the equilibrium price level and equilibrium level of real output are determined by the following:
AD = C + I + G + NX
AS = A + B(P – Pe)
Where AD is aggregate demand, C is consumption, I is investment, G is government spending, and NX is net exports. AS is aggregate supply, A is a constant factor, B is the slope of the aggregate supply curve, P is the price level, and Pe is the expected price level.
When these two curves intersect, the economy is in equilibrium. The equilibrium level of real output is determined by the level of aggregate demand. If aggregate demand is high, real output will be high, and if aggregate demand is low, real output will be low.
Know more about the macroeconomics
https://brainly.com/question/3558688
#SPJ11
Jim asked Gina if she wanted a contemporary or traditional style couch. Why was that the wrong question to ask?
a) He should have been able to tell Gina's tastes from the way she dressed.
b) He limited Gina's choices before she had really considered them.
c) He made Gina feel like she did not have good taste in furniture.
Answers
Answer:
B
Explanation:
discuss the impact of ineffective communication in a business
Answers
Answer:
Workers' loyalty and devotion to the company may suffer if they don't feel heard and if they don't have strong lines of communication with each other and management. As a result, there may be a higher rate of turnover. If there is a lack of trust, there can't be a unified, open culture.
Also,
Ineffective communication can be frustrating to employees, creating a breeding ground of distrust and confusion. If workers don't have good lines of communication with each other and management, and don't feel like they're being heard, their loyalty and commitment to the organization may suffer.
Brainliest will be much appreciated :)
Which is not a benefit of a checking account?
Answers
Answer:
no interest
Explanation:
A checking account is a type of account that enables comfortable deposits and withdrawal of money for regular trades.
It can include deposit and withdrawal of cash as well as cheque.
Getting no interest in a checking account is not a beneficial factor.
The benefits of the checking accounts are convenience, easy budgeting and safety.
As compared to the saving account having a proof of payment is the beneficial point of having checking account.
To learn more about checking account follow the link:
https://brainly.com/question/8304460
Which statement best describes the economic relationship between product markets and businesses?
A. Businesses receive their income from product markets.
B. Product markets pay wages to businesses. C. Businesses sell the goods they produce at product markets.
D. Product markets provide natural resources to businesses.
Answers
Answer:
C. Businesses sell the goods they produce at product markets.
Explanation:
Just got it right
Answer:Businesses sell the goods they produce at product markets.
Explanation:
The point at which supply equals demand is called
Answers
………..,.,,.,……..,.,.,,
Answer:
equilibrium
Explanation:
How does feedback of players influence the development of a game?
Answers
Answer:
Evaluative Feedback Increases.Explanation:
While comparative feedback decreases future game play. Furthermore, negative feedback decreases players’ feeling of competence, but also increases immediate game play. Positive feedback, in contrast, satisfies competence and autonomy needs, thereby boosting intrinsic motivation.
The feedback of players influence the development of a game they use the feedback and fix it. From this evaluation of feedback may increases.
What is feedback?When a system's outputs are used again as inputs in a cause-and-effect circuit or loop, this is known as feedback. The system is said to feed back on itself in this case.
Anything you discover prior to the game's release will save you from having to deal with it later. You can save time later on by using player feedback to pinpoint the problems with the game.
There is a very significant likelihood that players may become frustrated and, as a result, find the game confusing and worthless if they don't receive prompt and accurate feedback when playing games.
Therefore, the feedback of players influence the development of a game they use the feedback and fix it. From this evaluation of feedback may increases.
To know more about the feedback, visit:
https://brainly.com/question/26994432
#SPJ2
true or false when a company does business in another country, it must observe its own country's laws, the host country's laws, any treaties and trade agreements involving that county.
Answers
True. When a company does business in another country, it must observe its own country's laws, the host country's laws, any treaties and trade agreements involving that county.
International business refers to the exchange of goods and services across international borders.
This involves the exporting and importing of goods and services from one country to another.
Companies that engage in international business are required to observe the laws of their country and the laws of the host country, as well as any treaties and trade agreements that involve the host country.
The United Nations Convention on Contracts for the International Sale of Goods (CISG) is one such example of a treaty that establishes the legal framework for international commercial transactions involving the sale of goods.
When it comes to cross-border trade, the International Chamber of Commerce (ICC) has published Incoterms that serve as a standard guide for the interpretation of trade terms.
These terms are used to identify the responsibilities of sellers and buyers in international trade transactions.
As a result, to operate effectively in a foreign market, a business must understand and follow the regulations and guidelines of the host country, in addition to complying with its own country's rules and regulations.
They also must ensure that their actions are not in conflict with any agreements or treaties signed by their country and the host country.
To know more about business visit:
https://brainly.com/question/29896340
#SPJ11
a shift from an active to a passive orientation would most likely affect
Answers
A shift from an active to a passive orientation would most likely affect motivation, productivity, and performance. A shift from an active to a passive orientation would most likely have a significant impact on motivation, productivity, and performance, especially in sales-oriented roles.
When we speak about orientations, we refer to an individual's perspective towards a given situation. Orientation might be active, where an individual makes decisions, interacts with other individuals, and gets things done, or it could be passive, where the individual is less involved and takes less responsibility.
For example, an employee who is proactive and takes responsibility for their work is more likely to achieve greater results than one who is passive and does not take the initiative. Individuals who are passive, on the other hand, prefer to receive instruction, avoiding confrontation, and may be afraid to make decisions on their own.
To know more about sales oriented visit:
brainly.com/question/14891846
#SPJ11
What encourages people to buy shares in the ownership of a private limited company
Answers
Answer:
"Dividends" is the correct approach.
Explanation:
The benefit seems to be the incentive for corporate risk-taking because the dividends enable investors to purchase the stock of the firm when they earn a percentage including its gains generated by the organization in which they invest. However much revenue or benefits they will make because if the enterprise has a strong reputation as well as prospects."tuition at state university this year is $8,000. " which function of money does this statement best illustrate?.
Answers
This statement best illustrates unit of account function of money.
What is unit of account?Unit of account is one of the money functions in economics. The market worth of commodities, services, and other transactions is measured using a standard numerical monetary unit known as an account. Money serves as a common commercial denomination and a measure of standardization. It serves as a basis for price quoting and haggling as a result. For the creation of effective accounting systems, it is essential. In order for a company to evaluate its own performance, the unit of account in economics enables a largely meaningful interpretation of prices, costs, and profits. It enables investors to understand the company's past success and get a sense of its potential profitability. Market economies can tend to move toward efficiency when money is used as a relatively constant unit of measurement.
To learn more about commodities, visit
https://brainly.com/question/29509514
#SPJ4
What is the meaning of cash in the balance sheet?
Answers
Answer:
The cash balance reported on a balance sheet is the cash in your bank adjusted for payments and receipts that have not yet cleared. For example, writen but not cashed cheques, or recieved but not yet deposited cheques.
Explanation:
amigo's kitchen strives to improve its customer service and makes sure its customers enjoy the food and ambience at the restaurant. the restaurant's manager gathers and assesses customer reviews from various online sources and then evaluates their opinions and sentiments. this scenario illustrates the process of . group of answer choices creative snooping social media monitoring market basket analysis social commerce
Answers
The scenario exemplifies social media monitoring, where Amigo's Kitchen gathers and evaluates customer reviews from online sources to improve customer service and enhance the dining experience.
The scenario described represents the process of social media monitoring. Amigo's Kitchen is actively collecting and analyzing customer reviews from various online sources, which indicates their focus on monitoring social media platforms. By gathering and assessing these reviews, the restaurant's manager can evaluate customer opinions and sentiments regarding the food and ambience.
This allows them to gain valuable insights into customers' experiences and preferences, enabling the restaurant to make improvements to their customer service and ensure a better dining experience. Social media monitoring plays a crucial role in understanding customer feedback and shaping strategies to enhance customer satisfaction.
Therefore, The scenario exemplifies social media monitoring, where Amigo's Kitchen gathers and evaluates customer reviews from online sources to improve customer service and enhance the dining experience.
To learn more about customer service click here brainly.com/question/28417930
#SPJ11
Which options does the Ink Equation dialog box provide? Check all that apply.
Clear
Copy
Correct
Erase
Preview
Write
Answers
Answer: the answer to this question is Clear, Correct,Erase,Preview,Write
Explanation:
Write any two features of RTGS.
Answers
- Used for high value transactions.
Features of RTGS Transaction
Realtime online fund transfer.
Used for high value transactions.
Safe and secure.
Reliable and backed by RBI.
Immediate clearing.
Funds credited on a one-on-one basis.
Transactions executed on an individual and gross basis.
Please check my answer. :P
What type of person would enjoy a career in education?
A. someone who enjoys working by himself
B. someone who enjoys working short hours and having summers off
C. someone who loves to work with others and help them learn new things
D. someone who is interested in advancing in his career field and becoming rich
The answer I chose is C. "Someone who loves to work with others and help them learn new things." Please correct me if I'm wrong.
Answers
Explanation: someone who would like to become an educator is someone who loves working with other and help them learn new things
Preparing Entries Across Two Periods Hatcher Company closes its accounts on December 31 each year. On December 31, 2018, Hatcher accrued $600 of interest income that was earned on an investment but not yet received or recorded (the investment will pay interest of $900 cash on January 31, 2019). On January 31, 2019, the company received the $900 cash as interest on the investment. Prepare journal entries to: a. Accrue the interest earned on December 31, 2018; b. Close the Interest Income account on December 31, 2018 (the account has a year-end balance of $2,400 after adjustments); and c. Record the cash receipt of interest on January 31, 2019.
Answers
Answer and Explanation:
The journal entries are shown below
On Dec. 31, 2018
Interest receivable $600
To Interest income $600
(Being accrued interest earned is recorded)
On Dec. 31, 2018
Interest income $2,400
To Retained earnings $2,400
(Being the closing of interest income is recorded)
On Jan. 31, 2019
Cash $900
To Interest receivable $600
To Interest income $300
(Being cash receipt of interest is recorded)
Imperialism: Good, Bad (or Ugly)? Good and Bad of Imperialism. What were the good, the bad (and the ugly?) consequences of Imperialism in the 19th Century. Was it all bad?
Answers
Imperialism in the 19th century had both positive impacts, such as infrastructure development and improved governance, and negative impacts, including economic exploitation and cultural erosion.
What were the good and bad consequences of imperialism in the 19th century?Imperialism in the 19th century had both positive and negative consequences, leading to a mixed assessment of its impact. The good consequences of imperialism included advancements in infrastructure such as roads, railways, and ports, which facilitated trade and economic development.
Imperial powers also introduced modern technologies, improved healthcare systems, and brought education to previously underdeveloped regions.
Moreover, the spread of democratic ideals and governance structures promoted political stability and provided opportunities for local populations to participate in decision-making processes.
On the other hand, imperialism had its share of negative consequences. Exploitation of natural resources and labor by imperial powers resulted in economic inequality and the impoverishment of indigenous populations.
Cultural erosion occurred as native traditions and languages were suppressed or replaced by Western ideals. Additionally, the imposition of colonial rule often led to conflicts and resistance movements, causing suffering and loss of life.
The "ugly" side of imperialism encompasses instances of extreme violence, forced labor, and human rights abuses. Indigenous populations were subjected to discrimination, displacement, and even genocide in some cases.
The extraction of resources without regard for sustainability also damaged the environment.
While imperialism brought certain benefits, it cannot be denied that it had detrimental effects on colonized societies.
It is important to acknowledge the complexity of imperialism and critically examine its impacts, recognizing both the positive and negative aspects of this historical phenomenon.
Learn more about Imperialism
brainly.com/question/30210572
#SPJ11
how would recession effect the economic
Answers
Answer:
Recession cause standard monetary and fiscal effects.
Explanation:
Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.
please answer...........
Answers
Answer:
I would say its false ...............
in a job interview, amanda tells the hiring manager that she is eager to learn and passionate about the work the company does. which personality test trait does this showcase?
a. respect
b. enthusiasm
c. confidence
d. friendliness
Answers
Answer:enthusiasm
Explanation:
The personality test trait this showcase is enthusiasm. Thus the correct option is B.
What is a Job interview?A job interview is referred to as an assessment technique used to evaluate the capabilities of an individual related to a particular job position. In a Job interview, a set of questions is asked by the employer to analyze the strength of an individual.
In the example presented, it is noted that Amanda informs the hiring manager during a job interview that she is eager to learn and enthusiastic about the work the company does.
Tests of practical techniques known as trait assessments are used to evaluate a person's personality and identify their personality traits.
In the given case, the personality test trait she is showing is enthusiasm as it reflects her excitement and interest to join the company. She portrays her thoughts to the hiring manager.
Therefore, option B is appropriate.
Learn more about Job interviews, here:
https://brainly.com/question/13010310
#SPJ2
The use of alcohol and other drugs cause you to lose your?
Answers
Answer:
liver cells
Explanation:
it eats at your inner parts of the body in prolonged use
Louis purchased $5,000 worth of stock three years ago and sold it today for $7,000. He received no dividends from this investment. Inflation averaged 4% during the three years he owned the stock. What was his annualized real rate of return on this investment?
Answers
Answer:
9.33%
Explanation:
Calculation to determine his annualized real rate of return on this investment
Annualized real rate of return=[($7,000-$5,000/ ($5000*3) *100] -4%
Annualized real rate of return=13.33%-4%
Annualized real rate of return = 9.33%
Therefore his annualized real rate of return on this investment will be 9.33%
to be successful, strategic planning requires a company to have a ______ orientation.
Answers
To be successful, strategic planning requires a company to have a long-term orientation.
What is strategic planning?Strategic planning can be defined as the way of making use of techniques that will enables a company to achieve their future goals and objective.
On the hand long-term orientation can be defined as the future goals they a company or an organization has the plan to achieve.
Therefore the statement that filled the gap is long term.
Learn more about strategic planning here:https://brainly.com/question/11534641
#SPJ1
as discussed in the article entitled dealers and buyers are both worried cars are too expensive, one reason why the price of sedans did not fall from 2020-2022 was because
A. sedans and SUVs are substitutes in production and the prices of SUVs fell.
B. sedans and SUVs are substitutes in production and the profilability of producing SUVs rose. C. U.S. automobile manufactorers expected the price of sedans to rise in 2023 so they withheld production in 2022 causing prices to rise or, at least, not fall D. the wages paid to employees of U.S. automobile manufactorers fell. E. sedans and SUVs are substitutes in production and the profitability of producing SUVs foll.
Answers
A) The fact that sedans and SUVs are substitutes in production and that SUV prices fell is one reason why the price of sedans did not fall from 2020 to 2022, as stated in the article Dealers and buyers are both concerned about cars' excessive price.
Why do they no longer produce sedans?People believe they can afford the additional fuel costs because fuel prices have remained relatively stable. Models that are hard to sell stop being made by automakers. Because SUVs and crossovers have gained a sufficient amount of market share over sedans, manufacturers have stopped producing sedans to avoid financial losses.
Why don't automakers produce sedans?Foreign import competition. The competition from Japanese and Korean manufacturers is the primary reason why American automakers no longer produce sedans and hatchbacks. Toyota sedans continue to be the most popular automobile in the United States.
To learn more about Foreign import competition here:
https://brainly.com/question/14159299
#SPJ1