For six months, Joel paid the minimum amount due on his credit card bill on time and didn't see his balance rise as a result. Then, he saw the amount owed suddenly jump. What is one possible reason this happened?

A. He was charged a minimum-payment penalty.

B. His interest rate increased.

C. He was charged an overdraft fee.

D. Late fees were added to his bill.​

Answers

Answer 1

The sudden rise in the credit card bill of Joel would be due to the increase in rates of interest.

Option B is correct.

What is interest rate?

Interest rate is the percentage being charged on the total amount of borrowed funds being taken by the borrower.

Joel 's credit card bill seemingly risen which he wouldn't noticed in spite of being paid the amounts on time. This happens due to rise in rates of interest being levied on the total amount of credit card.

Therefore, the reason being mentioned in Option B is correct.

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Related Questions

What topics should be included in the marketing plan?

Answers

Answer:

Price Place Promotion Product

Explanation:

It is pretty self explanatory.

how does the inventory costing methods affect the income statement when costs tend to rise over time?

Answers

Answer:

Cost of Goods Sold on the income statement differs between the methods causing

Income Tax Expense to differ.

Explanation:

Answer:cost of good sold on the income statement

Explanation:

In macroeconomics, _____________________ denotes the relationship between the total quantity of goods and services and the price level for output.

Answers

Answer: aggregate demand

Explanation:

what is it called when government regulations are needed to protect customers

Answers

Answer:

Regulatory compliance 

Explanation:

I think this is what your looking for

What are the effects of unanticipated deflation? Multiple select question. The real incomes of people with fixed nominal incomes will increase. The purchasing power of savings will increase. The real value of fixed-monetary assets will decline. Creditors will benefit at the expense of debtors.

Answers

Unanticipated deflation involves the sudden decrease in the prices of goods and services .The effects of unanticipated deflation include

The purchasing power of savings will increase

Creditors will benefit at the expense of debtors.

The real value of fixed-monetary assets will decline

The purchasing power of savings will increase as the prices of goods and services has reduced thereby giving rise to buying more with the same amount of money.

Other effects include creditors benefiting at the expense of debtors and the real value of fixed-monetary assets being on the decline.

However, the real value of real incomes of people with fixed nominal incomes will not increase as no change occurs  when dealing with deflation as there is usually no adjustments.

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Who uses the FAFSA once you have submitted it?

Answers

Answer:

Once your FAFSA is processed by Federal Student Aid, your SAR is sent to the colleges that you listed on your FAFSA. Each college will use the information on your SAR to determine your eligibility for federa

Answer:

Once your FAFSA is processed by Federal Student Aid, your SAR is sent to the colleges that you listed on your FAFSA. Each college will use the information on your SAR to determine your eligibility for federal and nonfederal student aid.

Explanation:

What is advertising?

Answers

Explanation:

the activity or profession of producing advertisements for commercial products or services.

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returning workers confront creepy time capsules of pre-pandemic life

Answers

The main idea of this article is to expose the space that workers found when returning to their workplaces after isolation from the pandemic.

The article talks about the workplaces that had particular aspects after having been alone for 18 months of isolation due to the pandemic. For example:

There was spoiled food that was left there 18 months ago.Calendars for the first months of the year 2020.

This situation originated because the workers carried out their daily work routine and did not contemplate being forced to isolate themselves for prevention to acquire the virus of the pandemic of the year 2020.

This question is incomplete because the question is missing. The question is:

What is the main idea of the article?

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for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effective than a modular structure. true or false?

Answers

The modular structure would be more effective for a company making technology with specialized components (false option)

Business modular structure is a term that refers to a type of structure in which a company is subdivided into specialized small units in some particular aspect of the production process.

This type of structuring is the best option for a company that makes specialized technological objects because each subdivision of the company can focus on different processes with greater specificity.

On the other hand, this structure allows the company to constantly improve itself because a major restructuring is not required when a failure is detected but can be quickly amended in the subdivision that presents problems.

Additionally, customer divisional structure is not the best option for this company because it is not necessary to segment the target audience since its products are highly specialized and are already aimed at a specific market segment.

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studies exploring nurses’ perceptions about using robots to insert ivs found initial resistance, with some nurses concerned about the cost and potential patient harm of these devices. as part of the ________ stage of change, the nurses’ managers are modeling how to use the robots and demonstrating their high level of accuracy.

Answers

Answer:

Explanation:

Refreezing

In the description given above, we see that the nurses have gone beyond resisting the use of robots to insert IVs to modeling the use of robots in this practice. They have undergone a change.

As part of the Refreezing stage of change, the nurses’ managers are modeling how to use the robots and demonstrating their high level of accuracy.

The refreezing stage of change refers to the point when the person who is learning a new concept has started adopting it and making it a part of him or her.

This is what happens to the nurses as they no longer resist the idea of using robots in administering IVs. They are now modeling its use.

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Which of the following is true for the federal government budget each year?​

Answers

The federal government budget each year is considered to run from October 1 of one calendar year through September 30 of the next.

The federal government budget in the United States each covers three major spending categories.

These spending categories include the following:

The federal agency funding: this is often referred to as "discretionary spending."

Interest on the debt: a maximum of 10% of the total funding.

Funding for Social Security: this is often referred to as Mandatory spending. It covers activities like Medicare, veterans benefits, etc.

Hence, in this case, it is concluded that the federal government budget each year is used to run the country's affairs.

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At the beginning of the year, Jobs Co. owned one piece of office equipment, a copier. The copier was purchased two years ago for $12,000. At the beginning of the year, the balance in accumulated depreciation was $4,000. Jobs uses straight-line depreciation of $2,000 per year with a zero salvage value. How much is accumulated depreciation at the end of the year

Answers

Answer:

$6,000 is accumulated depreciation at the end of the year.

Answer:

Your answer would be $6,000

Explanation:

Because at the beginning it was $4000 and then every year it added $2000

so the at the end of the year it would be $6000

Task C:
1. What methods of growth
would you suggest to the
owner of a small successful
family hotel that has
accumulated profits for
several years?

Answers

Answer:

First, they assume that a company must grow and pass through all stages of development or die in the attempt. Second, the models fail to capture the important early stages in a company’s origin and growth. Third, these frameworks characterize company size largely in terms of annual sales (although some mention number of employees) and ignore other factors such as value added, number of locations, complexity of product line, and rate of change in products or production technology.

To develop a framework relevant to small and growing businesses, we used a combination of experience, a search of the literature, and empirical research. (See the second insert.) The framework that evolved from this effort delineates the five stages of development shown in Exhibit 2. Each stage is characterized by an index of size, diversity, and complexity and described by five management factors: managerial style, organizational structure, extent of formal systems, major strategic goals, and the owner’s involvement in the business. We depict each stage in Exhibit 3 and describe each narratively in this article.

Explanation:

Invest in what you know than what you don’t know:

I need 3-4 sentences on this PLEASE HELP ME

Answers

If you don’t know anything about the stock market then it wouldn’t be smart to start investing a lot of money into right? Going into an investment clueless will only set you up for failure. Investing in things you do know is more likely to have a better outcome

I pulled this out my ašš hope it helps :)

which of the following is an example of capital loss

a) an investor sells a bond on the secondary market above the price she paid for it

b) an investor purchases a bond on the secondary market below its issue price

c) an investor purchases a bond on the secondary market above its issue price

d) an investor sells a bond on the secondary market below the price she paid for it

Answers

Answer:

An investor sells a bond on the secondary market below the price she paid for it.

Explanation:

An example of Capital loss is when an investor sells a bond on the secondary market below the price she paid for it, then she has realized capital loss

Capital loss describes the loss incurred when the capital asset (i.e. investment, real estate) decreases in value.

A typical capital loss is realized when the asset is been sold for the lower amount than the original purchase price.

Therefore, the Option D is correct because when an investor sells a bond on the secondary market below the price she paid for it, then she has realized capital loss

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if firms can set appropriate service criteria, train employees to meet and exceed those criteria, and measure service performance, they generally can close the ________ gap.

Answers

If firms can set appropriate service criteria, train employees to meet and exceed those criteria, and measure service performance, they generally can close the Performance Gap.

This is because the Performance Gap is a type of gap that arises when there is a difference in the performance of the employees against the employer's expectation.

It is often described as the difference between the current service situation and the intended service situation.

Many things or factors can cause a performance gap; some of the major factors that lead to the performance gap include the following:

Inadequacy of job knowledge. Amending job requirements. Inadequacy of understanding of the role due to improper hiring.

Hence, in this case, it is concluded that closing the performance gap can make employees meet and exceed the appropriate service criteria of the firm.

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to ________, lance, an hr manager, shares his company’s job openings on social media and online job postings.

Answers

Organization does recruitment periodically so as to bring individual with fresh brains and of ideals into the organization. To recruit from outside the organization lance, an HR manager, shares his company’s job openings on social media and online job postings.

A recruit in any organization are often regarded as a fresh or additional newcomer to a specific field. They are the newly enlisted or drafted member of a team.

Organization does recruit people to join them.

Conclusively, by posting their vacancies and openings, organization are able to reach recruit from outside their organization to known about the opening and then apply for it.

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what is the first step to developing your marketing mix?

Answers

Answer:

Step 1: Document Your Business Goals and Budget. ...

Step 2: Conduct A SWOT Analysis. ...

Step 3: Identify Your Target Personas. ...

Step 4: Develop Your Marketing Goals. ...

Step 5: Build Your Activity Plan.

Juno Co. purchased a machine for $10,000 and estimates it will use the machine for three years with a $2,000 salvage value. It expects to produce a total of 8,000 units as follows: 3,000 during year one; 2,500 during year two; and 2,500 during year three. Using the units-of-production depreciation method, compute the machine's first year depreciation expense.

Answers

The machine's first year depreciation expense is $3000.

The units-of-production depreciation method is a depreciation method where the depreciation expense of an equipment depends on the units of a product produced in a given period.

Deprecation expense = (total units produced in year 1 / total units that the machine can produce) x (cost of the asset - salvage value)

Deprecation expense in the first year

(3,000 / 8,000) x ($10,000 - $2,000)

0.375 x $8,000 = $3000

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the standard deviation is a better measure of risk than the coefficient of variation if the expected returns of the securities being compared differ significantly.

Answers

Answer:

False

Explanation:

write short notes by Napier bone ​

Answers

Answer:

Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.

in the long run a company that produces and sells pizzas incurs total costs of $1,050 when output is 90 pizzas and $1,200 when output is 100 pizzas. the pizza company exhibits

Answers

Answer:

The diseconomies of scale because average total cost is rising as output rises.

Explanation:

1. How does preserving the environment benefit business?

Answers

Answer:

b

Explanation:

by preserving the environment can attract new customers. promoting your environmental friendly methods can set business apart from competitors

which option has had the least impact on international business?

Answers

Do you have multiple choice question with this question or not?

the group of consumers to whom a product is marketed is the

Answers

Answer:

A target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service.

hilton’s vp of talent & inclusion mentioned that the company participates in on-campus recruiting. this is an example of what type of recruiting?

Answers

Answer:

hiring from within

Explanation:

The company looks for internal candidates that exhibit leadership skills and qualities. This type of practice motivates employees and shows there is an opportunity for growth from within the company.

Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
$88,700
$91,700
$292,700
$496,700

Answers

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Answer:

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Explanation:

Walmart is the biggest seller of raw chicken to the top 10 fast food chains in the United States. Walmart
purchases all its raw chicken from Germany. The United States is upset with Germany for Human Rights
Violations and has created___________
thus preventing Walmart from purchasing any products,
including raw chicken from Germany,
A.Embargo
B.Globalization
C.Absolute Advantage

Answers

Answer: Embargo

Explanation:

Look the definition up. It’s where you stop trade from another country I believe

Embargo, I’m pretty sure. I hope you get it right.

The demand curve facing a perfectly competitive firm is:

Answers

Answer:

A horizontal line at the market price

Explanation:

it's means that the price it receive is the same for every unit sold

The notation is Y = GNP = national income C = consumption I = private investment G = government spending X = exports M = imports T = taxes There is an intimate relationship between a country's BCA and how the country finances its domestic investment and pays for government expenditures. Given this, which of the following is a true statement? Multiple Choice All of the options If (S − I) < 0, it implies that a country's domestic savings is insufficient to finance domestic investment. If (T − G) < 0, it implies that a country's tax revenue is insufficient to finance government spending. When BCA is negative, it implies that government budget deficits and/or part of domestic investment are being finance with foreign-controlled capital.

Answers

The true statement is D. When BCA is negative, it implies that government budget deficits and/or part of domestic investment are being financed with foreign-controlled capital.

The above statement is based on the intimate relationship between a country's Balance of the Current Account (BCA) and how the country finances its domestic investments and pays for government expenditure.

Explanation:

National income = Y = GNP

Consumption = C

Private Investment = I

Government spending = G

Exports = X

Imports = M

Taxes = T

Therefore, the BCA = X-M = (S-1) + (T – G)

Where BCA = Balance of Current Account

Thus, the Balance of the Current Account (BCA) should be positive to avoid deficit-financing of government budgets.

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