Check My Work You have a current credit card balance of $450.00, which you are paying off so you can close the account No new purchases have been added this month, and interest is computed on the average daily balance method. The APR is 18%, and the minimum payment is 39. If you make the minimum payment this month, what will the new balance be on the​

Answers

Answer 1

Answer:

$417.16.

Explanation:

Since I have a current credit card balance of $ 450.00, which I am paying off so I can close the account and no new purchases have been added this month, and interest is computed on the average daily balance method with an APR of 18%, and a minimum payment of $ 39, if I make the minimum payment this month, the new balance is determined as follows:

(450 - 39) x (1 + 0.18 / 12) = X

411 x 1.015 = X

417.16 = X

Therefore, the new balance would be of $417.16.


Related Questions

Someone asked me "hru" but I dont feel anything rn. Like, I don't feel good, bad, OR in between. What do I say?

Answers

Answer:

Maybe ask them how THEY are doing

Explanation:

In addition to saving money, what are some other ways you can show financial responsibility?

Answers

Answer:

you could start a savings a acount or a 401k plan to help with future problems or you could save for a new car.

Explanation:

Stabilize your income. If you're a young person, get a job.
Set financial goals. Take a few minutes to set some money goals.
Educate yourself. Financial savvy is not something you're born with.
Make a budget.
Save money.
Learn about employment benefits.
Establish a credit profile.
Avoid expensive debt.

Telling customers that they only have until midnight to get sale prices is an appeal to

A. ethos.

B. logos.

C. pathos.

D. kairos.

Answers

Answer:

D. kairos.

Explanation:

Telling customers that they only have until midnight to get sale prices is an appeal to kairos.

Answer:

It's d

Explanation:

I need help!

The management of a large hotel in your country is considering ways of increasing room occupancy during the five off-peak months of the year. The hotel has very good leisure facilities, including a spa with heated indoor pool and beauty treatments. It has a very large room that is only used for wedding receptions about 30 times during the year. The hotel's restaurant has a very good reputation for food quality and providing value for money.

Develop a marketing strategy that might be used by the hotel to increase room occupancy during the five off - peak months of the year.​

Answers

Answer:

For the off-peak months of the year, the best marketing strategy would be a combination of offering lower prices, and an increased spending in advertising.

The lower prices can attract potential customers who are otherwise unwilling to go to the hotel during the off-peak period, and the increased spending in advertising can attract more customer, enlarging the potential customer base, or customer pool.

what's the language spoken in Egypt?​

Answers

Answer:

Modern Standard Arabic

Explanation:

Answer:

Arabic thats the language of egypt because most them are Islamic

If the total soda market is $50 Billion and Dr. Pepper has a $10 Billion market, what is Dr. Pepper's market share?

Answers

Answer:

20%

Explanation:

Dr pepper has 10 bil out of 50 bil which is (10/50)×100 which is 20%

Worth 30 Brainly points

Which of the following reflects the application and scope of the Uniform
Guidelines on Employee Selection Procedures?

A. Provide standards for proper testing and other selection
procedures to help organizations comply with federal prohibitions
against discrimination.

B. Apply only to selection procedures used for making employment
decisions, not to recruitment procedures.

C. Apply only to those identified in Title VII. They do not apply to the
restrictions against age discrimination or discrimination based on
disability

D. Apply specifically to employment decisions such as hiring,
promotion, demotion, membership, licensing and certification.

Answers

Answer:

A

Explanation:

1
8
10
TIME REMAINING
58:45
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What is the difference between profit and revenue?
O Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after
subtracting the production costs.
Revenue is the total amount producers earn after subtracting the production costs. Profit is the total amount
producers receive after selling a good.
O Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers earn after
subtracting the production costs.
O Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after
selling a good.
Noya
Submit

Answers

Answer:

Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.

Explanation:

amougus

Will Mark Brainliest!!!
Eric is the accountant for a trading firm. While posting entries in the books of accounts, he entered $2,500 into the salary account. However, the total salaries for the firm amount to $3,700. What type of error did Eric make?

A. error of omission or B. error of originality entry

Answers

Answer:

error of origional entry

When Nick applied for a job as a customer service representative, the
company offered him starting pay of $16.40 per hour. What type of
compensation does this illustrate?

A. A wage
B. A salary
C. A bonus
D. Variable pay

Answers

The compensation amount that is to be paid to be Nick as a customer service representative  is known as a wage, which is option A.

What is meant by  wage?

A wage is money paid to an employee by their employer for labor completed over a certain amount of time. Wage payments include remunerative payments like rewards and tip payouts as well as compensation payments like the minimum wage, prevailing wage, and annual bonuses. Wages are a component of the costs associated with operating a business. Regardless of the company's prosperity, it is a duty to the employee.

Payment by wage contrasts with salary, where the employer pays a set sum at regular intervals (such as a week or month) regardless of the number of hours worked, commission, where pay is contingent on individual performance, and compensation based on the success of the organization as a whole.

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Answer: A Wage

Explanation: Just took the test

You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this billing period. You made a payment of $150. Your APR is 16.5%. Using the adjusted balance method, what is your new balance?​

Answers

Answer:

The new monthly balance will be $618.235.

Explanation:

Since you have a credit card account with a previous balance of $ 635, and you added two additional purchases for $ 75 and $ 50 during this billing period, and then you made a payment of $ 150 and your APR is 16.5%, to determine what is your new balance using the adjusted balance method, the following calculation must be performed:

(635 + 75 + 50 - 150) x (1 + 0.165 / 12) = X

610 x 1,0135 = X

618.235 = X

Thus, the new monthly balance will be $618.235.

Using the adjusted balance method, your new credit card balance is $618.39.

What is the Adjusted Balance Method

The adjusted balance method for calculating your finance charge uses the previous balance from the end of your last billing cycle and subtracts any payments and credits made during the current billing cycle..

Data and Calculations:

Previous balance = $635

Additional purchases = $125 ($75 + $50)

Payment = $150

APR = 16.5%

Finance charge = $8.39 ($635 - $150 - $125) x 16.5%/12

Adjusted balance = $618.39 ($635 - $150 + $125 + $8.39

Thus, using the adjusted balance method, the new balance on the credit card is $618.39.

Learn more about the adjusted balance method at https://brainly.com/question/11355738 and https://brainly.com/question/9816383

Complete the following sentence. Remember to spell correctly.
The market is in ___
until the price of goods reflects equal supply and demand.

Answers

The market is in Disequilibrium until the prices of goods reflects equal supply and demand.

Jana completed an informational interview with a preschool teacher in her area. She wants to write a thank-you letter. What should she remember to include in the letter?
A. a plea for a job with the company
B. a list of questions to discuss
C. an inquiry about the best way to stay in contact
D. a cover letter and résumé

Answers

I honestly think it’s D because to be hired you need to have a résumé. Please tell me if I’m right. Have a great day.

ARTICULATE THE MAJOR APPLICATIONS OF DEMAND AND SUPPLY TOOLS IN DIFFERENT TYPES OF MARKETS . REFERENCE SHOULD BE MADE TO ANY EMERGING ECONOMY OF YOUR CHOICE.

Answers

Answer:

Demand and supply are important tools for formulating an economy. The major role is played by demand and supply function in an economy. Demand and supply of a product decides the price for it.

Explanation:

Demand and Supply of a product is set in order to achieve equilibrium in an economy. If demand for a product is higher than its supply then it will create burden on its price and prices for the product will increase. If the supply for a product is high and demand is low then the prices will decline as customer will have sufficient supply to buy from and they will buy at lowest possible price.

the main units of local government.​

Answers

Answer:

There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.

Explanation:

counties, municipalities (cities & towns), special districts, and school districts.

When a team agrees on the level of performance expected by each member, they have a _____.


shared standard

collaborative effort

unified commitment

team structure
THE ANSWER IS SHARED STANDARD

Answers

Answer:

shared standard

Explanation:

Teamwork refers to the collective approach towards the completion of a common goal. Methods and sources are agreed upon by each member of the team and the focus is relied on the achievement of the goal. Each individual works together and extend their efforts collectively. Shard standard refers to the level of acceptance on a particular point that each team member  agrees on. Merging at a certain point is very essential part of teamwork. Disagreement among the team members may cause the team work fall behind.

Team players are sought-after employees
True
False

Answers

Answer:

true,

Explanation:

What negative consequences might a company face if it fails to keep accurate financial records?

Answers

A negative consequences you may face is paying more taxes than what’s called for
1. Paying less or more taxes, which could cause legal issues.

2. Keeping accurate financial records allows a company to keep track of profits and losses, so they are aware of what is selling best (supply and demand). If this is not done, they may be spending more than they are making.

3. Companies may not stay within budget.

Which descriptions offer examples of Maintenance, Installation, and Repair workers? Check all that apply.

Andy uses heat and tools to shape glass.
Mana sets up and takes care of industrial machinery in a factory.
Emma fixes medical equipment.
Pablo makes parts for precise tools and equipment.
Colin cuts keys and repairs locks.
Cynthia supervises workers who operate machinery in a factory.

Answers

Answer:

B, C, E or 2, 3, 5

Explanation:

Hope this helps!! Have a great day!!

Answer:

B,C,E or 2,3,5

Explanation:

2. Mana sets up and takes care of industrial machinery in a factory.

3. Emma fixes medical equipment.

5. Colin cuts keys and repairs locks.

15pts-- multiple choice!

You want to invest some of the money you have earned from your part-time job. Since you do not have that much money to invest, you are looking for a risk-free option. All you want is to eventually get your money back with a little interest. Which investment strategy would be best for you?


Mutual funds


Stocks


Franchise


Bonds

Answers

Answer: bonds
Explanation: will allow for a risk free option and to gain money from a little bit of time and money
(not 100% sure on answer but I believe it is bonds)

* Question 29 of 50 > VA Check My Work You are considering buying a $700 refrigerator on an installment loan with nothing down and 12 monthly payments of $72.92. You could also charge it to a revolving credit card with a 22 percent APR and pay it off with 12 payments of $64.84. Your credit card company would also give you a cashback bonus of 1 percent for the purchase. How much would you save by using the credit card (round your final answer to the nearest dollar)?​

Answers

Answer:

$105.

Explanation:

Since you are considering buying a $ 700 refrigerator on an installment loan with nothing down and 12 monthly payments of $ 72.92, and you could also charge it to a revolving credit card with a 22 percent APR and pay it off with 12 payments of $ 64.84 and your credit card company would also give you a cashback bonus of 1 percent for the purchase, to determine how much you would save by using the credit card the following calculation must be performed:

72.92 x 12 = 875.04

64.84 x 12 = 778.08

778.08 - (778.08 / 100) = 770.29

875.04 - 770.29 = 104.74

Thus, rounded to the nearest dollar, by paying with the credit card you would save an amount of 105 dollars.

What information about the competition would an entrepreneur want to open a house-cleaning business that was based upon a price-competition marketing strategy?

Answers

Answer:

The information regarding the competition that an entrepreneur would like to have to establish a business based on a price competition with other companies would be, precisely, the price at which they offer their products or services, as well as the price at which they get the inputs they use.

Thus, through this information, the entrepreneur could establish a business plan taking into account the profit margins of his competition, evaluating lowering the margins of his venture in order to capture a large market share, removing it from the competition.

Which of the following statements is a fact about buyer behavior?
A.People buy based on real needs, not how a product will affect other people's opinions of them.
B.People are born with unchanging attitudes toward a product.
C.Messages about product benefits have more impact than messages about product features.
D.Salespeople should know which products are most profitable and how well products are selling.

Answers

Answer: That’s the correct answer ^^^

On apex

Explanation:

According to facts about consumer behavior, messaging regarding a product's benefits have a greater impact than those about its features. Therefore, option C is correct.

What describes buyer behavior?

Buyer behavior is any act or set of acts a buyer engages in when purchasing. Both good and negative actions by the customer are possible.

The business will succeed if clients respond favorably to a company's offers. Also, when clients take unfavorable action, the performance and success of the business are significantly threatened. To succeed in this cutthroat climate, any marketer must accurately assess the consumer's behavior.

The four main determinants of consumer behavior are cultural, social, personal, and psychological. A consumer's culture, subculture, and socioeconomic status are cultural elements. These elements frequently come naturally to our ideals and thought processes.

Four psychological factors—attitude or belief system, motivation, perception, and learning—have an impact on consumer behaviour.

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How can you use feedback from your clients?
a. To practice reflective listening
b. To improve your effective communication
c. To improve your trust and rapport with your clients
d. To improve your skills and craft

Answers

the answer is d : the last one

Select the correct answer. oh
Brian is a healthy young man. He has been training with his teammates for a 50-yard dash for months. However, even with practice, he cannot
run fast enough to qualify. What is the most likely reason that Brian can't qualify?
O A. He is not eating the correct serving size of food during his meals.
OB. He does not have a well-defined goal or self-monitoring habits.
Ос. His genetics are influencing some of his skill-related fitness components.
OD. His teammates are not providing enough support.

Answers

Answer:

oc

Explanation:

i would be oc : his genetics are influencing some of his skill-related fitness components

What is an example of flame

Answers

Answer:

The definition of a flame is burning gas, fire or blaze, or a strong passion. An example of a flame is a fire from a lighter. An example of a flame is an intense desire for a particular person.

Explanation:

Answer:

flame is burning gas, fire or blaze, or a strong passion. An example of a flame is a fire from a lighter. An example of a flame is an intense desire for a particular person.

Flaming is the act of posting or sending offensive messages over the Internet. These messages, called "flames," may be posted within online discussion forums or newsgroups, or sent via e-mail or instant messaging programs. ... Flaming often leads to the trading of insults between members within a certain forum.

Explanation:

How to convince people to buy your wine.

Answers

Answer and Explanation:

Talk them into it..

Answer:

either make an ad, or make the wine actually delicous and do not click-bait. click-baiting will have your chances on people buying your wine to a lower chance.

When setting prices of products, businesses want to make sure they can
cover their costs and make
A. a markup
B. an allowance
C. a discount
D. a profit

Answers

Answer:

When setting prices of products, businesses want to make sure they can cover their costs and make:

D. a profit

The setting prices of products, businesses want to make sure they can cover their costs and make a profit. Thus, option (d) is correct.

What is businesses?

The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.

The business is the main motive for earning the profit. Businesses are increasing productivity as a result of rising profits. From the location to the facilities such as medical facilities, proper furniture, employee liberty of work, training, internet facilities, and furniture, etc., businesses are improving. The cost plus extra amount is called the profit.

As a result, in the setting prices of products, businesses want to make sure they can cover their costs and make a profit. Therefore, option (d) is correct.

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Scenario #1
You get a weekly allowance of $30 from your parents that is automatically transferred into your checking account. Tomorrow you are going to see a movie with your best friend which you often do. Your movie ticket and snacks cost $22, What is the best payment option for this scenario?

Questions:
Will you use cash, check, Prepaid card, Debit card, Credit card or P2P?
Why did you choose that payment option?
What are other possible payment decisions you can make?

Answers

I will use a debit card because my parents add my allowance to my checking account. Other possible payment decisions I can make are to use a check.

The correct option in the given scenario is to use the debit card because the interest rate in the checking accounts is low, and the another method to another method for payment is checks.

What is debit card?

A debit card is a kind of credit card. Means that the money can be withdrawn or the cost of acquisitions pay off straight from the holder's bank account without any payment of interest.

It is used in the checking accounts for the withdrawing of money, without giving the payment of interest. It is the simple and more quick way to make payments in comparison to the another cards and instruments.

The payment can be made by the other possible payment decisions like checks.

Therefore, debit card is mostly used by the checking account holders.

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there are ___ credit reporting companies

Answers

There are 3 credit reporting companies
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