you have a credit card and the average balance on that card, year after year, is $4,000. The credit card company charges 21% annual intrest on your average balance, how much extra money would you have to invest each year if you weren’t paying intrest on that credit card debt?

A. $117
B. $840
C. $273
D. $791

Answers

Answer 1

the answer is b. 840$

Answer 2

The amount of $840 will be extra money one will have to invest each year if you are not paying interest on that credit card debt.

What is a credit service?

This is a loan service provided by credit firm to an individual, business etc which is expected to be repaid with interest.

Extra money = $4,000 * 21%

Extra money = $840

Therefore, the Option B is correct.

Related Questions

What are the Human Resources Teasha needed to open her business?

Answers

The human resources that will be required by Teasha to open her business include a receptionist, cashier, and salesperson.

From the information given, Teasha has graduated from school and wants to open her own business. She has experience working in a gift store and wants to have her own gift store too.

Therefore, she'll need a receptionist, a cashier, and a salesperson. The receptionist will welcome customers and answer phone calls from clients.

The cashier will help with issuing and receiving payments. Lastly, the salesperson will be responsible for helping the customers find items in the store and increasing sales.

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10. One of the cons of online banking is

there are no cons.

the potential of a security breach

you still have to print the statements

you don't need postage

Answers

Answer:

The second option:the potential of a security breach

Explanation:

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when the fed decreases the discount rate, banks will

Answers

When the Federal Reserve increases the discount rate banks become more cautious and tend to hold extra reserves. Because banks hold extra reserves, this money will not increase through multiple deposit creation and the money supply will decrease.

basic assumptions represent the core values of an organization and are

Answers

The basic assumptions represent the core values of an organization and are those taken for granted and highly resistant to change.

Basic assumptions are basically the source of values and what causes actions within the organization

Basic assumptions of an organization are usually not discussed, been written or easily found, but they are known.

Sometimes, the basic assumptions are sometimes taken for granted by employees but they hardly changed because they are underlying.

The basic assumptions comprises of the unconscious thoughts, beliefs, perceptions, feelings etc.

Answers

Answer: An economic concept, the rate of inflation is important as it represents the rate at which the real value of an investment is eroded and the loss in spending or purchasing power over time. Inflation also tells investors exactly how much of a return (in percentage terms) their investments need to make for them to maintain their standard of living.

Explanation:

which of part of the marketing plan is a summary of the key points and should be completed after the rest of the marketing plan has been written?

Answers

Answer:

The executive summary

Explanation:

Becuase it is the highlight and important part of the marketing plan, you cannot do the summary first.

The executive summary is a part of the marketing plan is a summary of the key points and should be completed after the rest of the marketing plan has been written. The company's top items are listed along with an explanation of their attractiveness to the intended market.

What is the key point of marketing?

To encourage lucrative customer activity, firms market their goods and services for a variety of reasons. Marketing's goal is to persuade customers to take advantageous actions. Marketing is embraced by businesses and brands to ensure their ongoing success.

An executive summary, as the name implies, gives a quick review of your marketing strategy. It provides an overview of your brand objectives, marketing goals, and related activities in one or two pages and summarizes the main findings of your marketing research.

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when calculating net price, why do you think loans are not deducted from sticker price even if they are typically offered to you in a financial aid package?

Answers

The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."

This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.

Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.

A sticker price is the whole amount of the annual or session cost of a college education.

Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.

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the u.s. unemployment rate moves up and down as the economy moves in and out of recessions. but over time, the unemployment rate seems to return to a range of ____________.

Answers

Answer:

A natural range of unemployment.

I need help on this.

Which of the following would NOT cause the supply curve of agricultural products to shift to the right?
A. An improvement in technology
B. An increase in subsidies
C. Favourable weather conditions (resulting in a bumper yield)
D. An increase in the wages of the agricultural workers

Answers

Answer: B

Explanation:

It is B because it has an increase in subsidies

B is the correct answer

How do you think NOT managing your money in college can impact your life AFTER college?

Answers

Answer:

You lose the opportunity to gain valuable money management skills. It's all about making good habits.

Explanation:

The most common tactic followed in process-layout planning is to arrange departments or work centers so they: A) minimize the cost of skilled labor. B) maximize the machine utilization. C) are equally allocated within the available space. D) minimize the costs of material handling. E) produce a perfectly balanced assembly line.

Answers

The most important tactic in the process layout planning is to minimize the costs of material handling.

The correct answer to this question is option D. In the manufacturing or engineering department, process layout is a floor plan design for a plant. The goal of this is to raise efficiency.

To raise the efficiency, each of the equipment would have to be arranged based on the functions that they serve. This reduces the cost of material handling.

Answers

Answer:groupthink

Explanation:

Groupthink

Terrence should be concerned about groupthink.

Groupthink refers to the common opinion or group consensus suppresses people's ability to provide alternative solutions to the problem as a result all the members of the group agree on the same conclusion. The desire to promote group cohesion and deduction of common conclusion to a problem negatively affects the promotion of thinking abilities, good decision making abilities, and problem solving abilities of group mates. When a team mates derive a common conclusion without an elaborate discussion or with a little discussion. It is indicative of problem of groupthink.

Hence, Terrence should be concerned about groupthink as the team agree on most decisions with little discussion.

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Will you act immediately on the business opportunity \that you have identified?

Answers

Answer:

Yes because once one has found an opportunity one must seize it.

Explanation:

It is not advisable to act immediately on the business opportunity that is determined.

A business opportunity includes the lease or sale of any specific product, equipment, or service that will help or make it possible for the purchaser-licensee to begin a business. It is important to consider certain other factors before immediately acting on the business opportunity that is determined. They are:

Size of the Market Relationships with potential investors or customers Capability to manage the Cash Flow Persistence and Passion Management skills

Thus, we can conclude that one must not act immediately on the business opportunity that is determined before properly analyzing different factors associated with it.

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Burger Blaster claims on its website that it uses only the best beef in making its burgers, unlike Burger Barn, its largest competitor. Actually, Burger Blaster and Burger Barn buy exactly the same type of beef from the same wholesaler, and Burger Blaster's management knows it. As a result of Burger Blaster's claims, Burger Barn's sales fall. Burger Blaster is probably guilty of:

Answers

Answer:

ddf

Explanation:

when brainstorming, you should go for quantity over quality.

Answers

Answer:

False

Explanation:

The following statement is false and that is because quantity is only going to get you so far in any sort of business aspect. If you focus on quality then the consumer will keep coming back for more because what your selling is just that good to the consumer, if you focused on quantity and what you're selling isn't good then the consumer won't come back for your product which is why you need to focus on your quality rather then your quantity.

Hope this helps.

what does nurture refer to in the nature vs. nurture debate?

Answers

Answer: environment and culture

Explanation:

Environment, culture, and experience are the most prominent definitions of nurture in this discussion, whereas nature is frequently regarded as genetic or hormone-based behaviors, characteristics, and dispositions.

What is the Nature-vs.-Nurture Debate?

Researchers and theorists have debated for a long time over whether or not a person's personality traits and skills are molded by experiences after birth. The discussion has wide-ranging effects: For disciplines including education, philosophy, psychiatry, and clinical psychology, the real or perceived roots of a person's strengths and weaknesses matter. The current consensus takes a more nuanced middle ground between nature- or nurture-focused extremes and holds that individual differences are the consequence of a combination of inherited and non-genetic variables.

The argument between nature and nurture has its origins in Ancient Greek theories about the factors that influence personality, which date back at least a few thousand years. Theories emphasizing the importance of either education and experience or biological nature have risen and fallen in popularity throughout the modern era, with genetics increasingly recognized as an important (though not the only) factor in determining individual differences in the latter 20th century and beyond. The way the phrase "nature vs. nurture" is written gives the impression that either a person's genes or their upbringing determine their personality traits, IQ, preferences, and other qualities. Scientists have demonstrated that reality is more complex and that these as well as other elements can contribute to the explanation of the wide range of individual differences.

Define nature.

Nature is synonymous with the natural world, physical world, or material world in the broadest sense. The term "nature" can be used to describe both universal life and the phenomena of the physical world. From the subatomic to the cosmic, it spans a wide scale.

What does nurture mean?

Generally speaking, nurture is the result of external influences on an individual after creation, such as exposure, experience, and learning.

John Locke coined the phrase "tabula rasa" in 1690 to describe the idea that humans learn all or almost all of their behavioral features through "nurture." Throughout much of the 20th century, there was a widespread belief in the "blank slate" theory of human developmental psychology, which holds that human behavioral patterns arise virtually entirely as a result of environmental stimuli.

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what are two key characteristics of the growth stage of the product life cycle?

Answers

The two key characteristics of the growth stage of the product life cycle are "sales volume improves considerably, and profit begins to increase."

The growth stage of a product is when the product is "getting accepted among consumers widely, and the customer line is getting created.

During this period, the sales of the product increased, but there is still room for maturity.

At the same time, the product begins to yield profits for the owners due to a reduction in the cost of production and more sales.

Hence, in this case, it is concluded that the growth stage in a product life cycle is one of the stages entrepreneurs need to watch out for.

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Roderick possesses five hundred acres of forested property. Roderick has the right to use the land, including cutting its timber, for life. Roderick also has the right to lease the land for a period not to exceed his life. This ownership interest is:____.
a. an easement.
b. a leasehold estate.
c. a life estate.
d. a fee simple absolute.
Kelsey and Ed buy a duplex in Wells, Maine. On the death of either owner, that owner's interest in the duplex passes to his or her heirs. This is:___.
A. a joint tenancy.
B. a life estate.
C. a tenancy in common.

Answers

For the first question, Roderick possesses the forested property and he has the right to lease the land for a period not to exceed his life is a life estate. For the first question, Option C is correct.

Life Estate is correct because life estate makes the owner of the land have full authority over the land. This authority is valid once the owner is still alive. When the owner is no longer alive, that authority no longer holds as the ownership of the land is automatically transferred to the beneficiary who now has the authority over the land. As described in the question above, Roderick also has the right to lease the land for a period not to exceed his life.

Easement, on the other hand, can be indefinite, or for a fixed time as it grants the holder the right to use or restrict the use of another person's land.

Leasehold estate gives authority to someone that rents the land. This authority lasts for a period of time under an agreement with the owner of such land.

Fee simple absolute also gives the owner full authority over the land and this authority doesn't change like life estate.

For the second question, Kelsey and Ed buy a duplex in Wells, Maine. On the death of either owner, that owner's interest in the duplex passes to his or her heirs. This is " tenancy in common". Option C is the right answer.

Tenancy in common is the right answer as it allows the duplex to be passed to either Kelsey or Ed heirs after their death based on their wishes.

This is a feature of tenancy in common as the duplex is passed on in accordance with the wishes of the deceased’s will and not to the other joint owners.

While in a joint tenancy, when either Kelsey or Ed, dies the duplex will totally be transferred to the surviving tenant.

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As a business, you want to produce
product and prices.
B. more, lower
A. more, higher
D. less, lower
C. less, higher

Answers

Answer:

Explanation:

you want to produce your product at cheapest price there for you gain most revenue

3. What is are the advantages of online banking?

access is available 24 hours a day for 7 days a week

It is more secure

You don't have to worry about identify theft

financial documents are online so less paperwork

Answers

Answer:

The first option: "access is available 24 hours a day for 7 days a week"

Explanation:

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In your own words, describe how you can find distances using a scale drawing.

Answers

Well it’s very very hard

Which of these is NOT a social cause that a
nonprofit could serve?
A. religion
B. charity
C. education
D. capitalism

PLEASE ANSWER!

Answers

D capitalism would not be a nonprofit because it is growth with money using money and making profit

Another name for a bankdraft is

Answers

Answer:

bank cheque

Explanation:

HOPE IT HELPS

Answer:

............bank cheque............

hey yall school has been soo hard lately so any tips to do good in school?

Answers

How to Do Well in School

Attend class regularly.

Pay attention in class.

Do homework routinely.

See the teacher for help.

Review what you're learning on a regular basis.

Learn from mistakes..

Make school a priority.

Work hard, play hard.

There u go

Answer:

make a schedule in order to effectively get it all done. also, don't take advantage of studying, I used to not study enough, but then I just added an extra 30 min of studying time, and it improved my grades from a B+ to an A!! Just keep focus without destractions, you get a text, silence your phone until your finished, trust me, it will be hard to ignore everything and focus, but again, worth it. (sry for the typos, I have somewhere to be, but I hope I helped!)

Explanation:

Instructions: Place the steps in the performance appraisal process in the correct order, from first to last. Rank the options below. Making Decisionsopen choices for ranking No answer Discussing Resultsopen choices for ranking No answer Taking Actionopen choices for ranking No answer Establishing Performance Standardsopen choices for ranking No answer Evaluating Performanceopen choices for ranking No answer Communicating Standards

Answers

Performance appraisal is used to compare employee performance against some standards. The steps in the performance appraisal process are;

1. Establishing Performance Standards2. Communicating Standards3. Evaluating Performance4. Making Decision5. Discussing Results6. Taking Action

In the performance appraisal process, the supervisors will first establish the standards that will guide the operations of employees.

Next, they should inform the employees of those standards. They should examine the performances of their employees and make decisions on whether they performed well or not.

Then, they should discuss the results with them and take action on whether to reward or punish them.

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A person who buys a new phone because friends get new phones is
influenced by what factor?
A. Advertising
O B. Social pressure
C. Age
O D. Income
SUBMIT

Answers

Answer:

I believe it would be B. Social Pressure.

Explanation:

The reason is because since the person who bought a new phone because their friend's got new phones, they were influenced or given pressure on them to have a new phone so they can fit in and perhaps be liked by their friends or find similar interests with them

The answer is B: Social pressure. Friends can knowingly or unknowingly influence what people buy.

Diversification Reading Quiz
QUESTION 3 of 10: Interest-earning loans to the government or local municipalities are:

a) Bonds
b) Small-cap stocks
c) Large-cap stocks
d) Growth stocks

Answers

Answer:

a) Bonds

Explanation:

Bonds is the Interest-earning loans to the government or local municipalities.

Interest-earning loans to the government or local municipalities are bonds. Thus, Option (A) is correct.

When an investor purchases a bond, they are essentially lending money to the issuer, which can be the government or a municipality, in exchange for regular interest payments.

Bonds are fixed-income securities with a specified interest rate, maturity date, and face value. The issuer promises to repay the face value of the bond to the investor at maturity. In the meantime, the investor receives periodic interest payments, usually semi-annually or annually, based on the agreed-upon interest rate.

Thus, Option (A) i.e. bonds provide a means for governments and municipalities to raise funds for various projects as it provides investors to view bonds as relatively safer investments compared to stocks.

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Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of using his debit card. Based on this agreement, what is the impact of this decision

Answers

The impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Simply put, a Credit Card are offered to people by banks for purpose of making purchases or cash advances and requires them to pay back the loan amount in the future.

However, a Debit Card is quite different because it is issued by banks to an account-holder or facilitate easy withdrawal from his/her account through the ATM or at any Point of Sales.

Now, Jordan can use his Credit Card as well but he will be required to pay back the amount he withdrew with an extra Credit charges.

Therefore, in conclusion, the impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Answers

To write a mission statement about starting a shopping service for elderly people in your community, begin writing what your company does. In this case, start with "My company's purpose is to start a shopping service for elderly people in my community (name of your community)."

Then follow up by describing how your business plan to operate its services.

Here, you can state that "My company's purpose is to provide shopping services that allow all elderly people to experience easy and comfortable life."

Thus continue by adding the reason your company operates its services.

Finally, your mission statement can look like this:

At Brainly (name of your company), we provide shopping services to make elderly people experience an easy and comfortable life.

Hence, in this case, it is concluded that a mission statement should have the purpose, values, and goals of the company.

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On January 1, 2017, Spring Fashions Inc. enters into a contract with a southeast retail company to provide 500 dresses for $62,500 ($125 per dress) over the next 10 months. On October 1, 2017, after 450 of the dresses had been delivered (50 dresses per month), the contract is modified.

Required: 1. Fifty dresses were delivered each month for the first 9 months of 2017. Prepare Spring Fashions’s monthly journal entry to record revenue. 2. Assume that the contract is modified to sell, once the original 500 dresses are delivered, an additional 100 dresses at $110 per dress, which is the stand-alone selling price on October 1, 2017. Assume the dresses are delivered evenly in November and December 2017. Prepare the journal entries to record the contract modification.

Prepare journal entries to record a monthly cash sale on January 31 under the original contract and a monthly cash sale on November 30 under the modified contract.

Answers

The appropriate journal entries to record the monthly cash sale on January 31 under the original contract and the monthly cash sale on November 30 under the modified contract are:

Spring Fashions Inc. Journal entries

31-Jan-17

Debit Cash $6,250

Credit Sales $6,250