Documentation and financial records are always a good starting point in a fraud investigation.
Documentation and financial records provide valuable information that can help uncover fraudulent activities. A thorough review of financial statements, invoices, receipts, bank statements, and other relevant documents can reveal discrepancies, irregularities, and patterns of suspicious behavior. The investigation should focus on identifying any inconsistencies, unexplained transactions, or unusual patterns that could suggest fraudulent activities.
Additionally, interviewing key personnel and witnesses can also provide valuable insights into potential fraudulent activities. This can include individuals who have direct knowledge of the transactions or operations under review, as well as those who may have noticed suspicious behavior or activities.
Overall, it's important to gather as much information as possible and to use that information to build a strong case. A successful fraud investigation requires a comprehensive approach that takes into account all available evidence, documentation, and testimony.
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This résumé format focuses on an applicant’s work experience and education: a. chronological b. functional c. skills d. electronic
The résumé format that focuses on an applicant's work experience and education is called the chronological format (option a).
In this format, the emphasis is placed on listing your work history and educational background in reverse chronological order, starting with the most recent position or degree.
This format is commonly used by individuals who have a consistent employment history and want to highlight their career progression and relevant experience.
It allows employers to easily see the applicant's employment timeline and assess their qualifications for a specific job. Remember to tailor your résumé to match the requirements of the job you're applying for. Thus, option a. chronological is the correct answer.
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Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
What are some
ways you can work towards building a positive
online presence?
Building a positive online presence is essential in today's digital age. It can enhance your personal brand and open up opportunities for career growth and social connections. Here are some ways you can work towards building a positive online presence: 1. Monitor your online reputation, 2. Create and maintain a professional online profile, 3. Engage with your online community , 4. Post positive content , 5. Use privacy settings.
1. Monitor your online reputation - Keep a close eye on what is being said about you online, and address any negative comments or reviews promptly.
2. Create and maintain a professional online profile - Use your real name and a professional profile picture across all your social media platforms. Keep your profiles updated and make sure your content aligns with your personal brand.
3. Engage with your online community - Be active on social media and engage with your followers, respond to their comments and messages. Share relevant and helpful information and build relationships with like-minded people.
4. Post positive content - Focus on creating content that is informative, helpful, and positive. Share your accomplishments, experiences, and expertise to build credibility and showcase your personal brand.
5. Use privacy settings - Set your privacy settings on all your social media platforms to control who can see your content. Ensure that your personal information is not publicly accessible. Building a positive online presence takes time and effort, but it's worth it. By following these tips, you can create a strong personal brand and establish yourself as a thought leader in your industry.
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Mr. Darden is selling his business for $165,000. He started it with $55,000 nine years ago. What is the annual return on his investment from capital gains
The annual return on Mr. Darden's investment from capital gains is approximately 20%.
To calculate the annual return on investment from capital gains, we need to determine the profit gained over the investment period. Mr. Darden started his business with $55,000 and is now selling it for $165,000, indicating a capital gain of $110,000 ($165,000 - $55,000).
Next, we divide the capital gain by the initial investment and multiply it by 100 to express the return as a percentage. In this case, the calculation would be: ($110,000 / $55,000) * 100 = 200%.
However, since the investment spanned over nine years, we need to find the average annual return. Dividing the total return by the number of years gives us the annualized return. Therefore, the annual return on Mr. Darden's investment from capital gains is approximately 20% (200% / 9 years).
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100 points if you have the correct answer ^^
Assignment Introduction
Assume that you are involved in a job search. You are ready to construct an outstanding résumé to put before employers. You have carefully reviewed and documented your list of abilities, hard and soft skills, education, credentials, and past work experience (including volunteering). You have also considered your personality traits and job preferences. However, you have not narrowed your search to just one type of consumer services job, and you have seen several that interest you.
Assignment Directions
Using any or multiple sources (newspaper, trade or association publication, online job board, networking site, etc.), select two job listings. They must have very different job descriptions in different fields. For example, bookkeeping in a hospital and a customer service position in a retail setting. Using your own actual information, construct a general purpose résumé suitable for handing out in person. You may choose any format that is appropriate to your situation. Using the same information, build two more résumés, one each targeting the two different job descriptions and formatted to submit digitally/online.
Assignment Guidelines
Your submission must do the following:
Total three sheets; one typed page each for your basic and two targeted résumés
Include copies of your two chosen job descriptions as an attachment.
Each résumé must contain the following:
Your contact information
Educational background
Employment history, most recent to oldest (minimum 3 entries; if you do not have 3, you may make one up, as long as it is plausible and appropriate).
Accomplishments (two or three entries)
Special skills, including foreign languages spoken, as applicable
Submission Requirements
Proofread for spelling, grammar, and punctuation
Use complete sentence structure and standard written English; do not use texting abbreviations or other shortcuts
Source all references in a proper format
Your submission should include three sheets; one typed page each for your basic and two targeted résumés. The basic résumé should contain your contact information, educational background, employment history, accomplishments, and special skills.
What is education?Education is the process of acquiring knowledge, skills, values, beliefs, and habits. It is an important part of our life and it helps us to develop as individuals and to become better citizens. Education is an essential part of our society and it provides us with the necessary tools to grow and succeed.
The two targeted résumés should be tailored to the two job descriptions you have chosen, and should include the same information as the basic résumé. You should also include copies of your two chosen job descriptions as an attachment.
When writing your résumés, you should proofread for spelling, grammar, and punctuation, use complete sentence structure and standard written English, and source all references in a proper format.
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Fredo, Inc. , purchased 10% of Sonny Enterprises for $1,000,000 on January 1, 2021. Sonny recognized a total of $360,000 net income during 2021, paid $26,000 of dividends to Fredo during 2021, and at December 31, 2021, the market value of the Sonny investment increased to $1,036,000. Required: Prepare the journal entries necessary to account for the Sonny investment, assuming that Fredo (1) does not have significant influence or (2) does have significant influence over the operating and financial policies of the investee
The journal entries necessary to account for the Sonny investment are given below:
(1). Assuming Fredo does not have significant influence over Sonny Enterprises:
January 1, 2021
To record the purchase of the investment in Sonny Enterprises:
Investment in Sonny Enterprises dr. $1,000,000
To Cash $1,000,000
December 31, 2021
To record Fredo's share of net income recognized by Sonny Enterprises in 2021:
Investment in Sonny Enterprises dr. $36,000
To Equity income from Sonny Enterprises $36,000
December 31, 2021
To record dividends received from Sonny Enterprises in 2021:
Cash dr. $26,000
To Investment in Sonny Enterprises $26,000
December 31, 2021
To record the increase in market value of the investment in Sonny Enterprises:
Investment in Sonny Enterprises dr. $36,000
To Unrealized gain on investment in Sonny Enterprises $36,000
(2). Assuming Fredo does have significant influence over Sonny Enterprises:
January 1, 2021
To record the purchase of the investment in Sonny Enterprises:
Investment in Sonny Enterprises dr. $1,000,000
To Cash $1,000,000
December 31, 2021
To record Fredo's share of net income recognized by Sonny Enterprises in 2021, assuming significant influence:
Investment in Sonny Enterprises dr. $72,000
To Equity income from Sonny Enterprises $72,000
December 31, 2021
To record dividends received from Sonny Enterprises in 2021:
Cash dr. $26,000
To Investment in Sonny Enterprises $26,000
December 31, 2021
To record the increase in market value of the investment in Sonny Enterprises:
Investment in Sonny Enterprises dr. $36,000
To Unrealized gain on investment in Sonny Enterprises $36,000
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If a business is owned by many people, it is called a _____ . A. sole proprietorship. B. corporation. C. limited liability company. D. partnership
Answer:
bbb
Explanation:
When a business is owned by many people, then such a kind of business will be termed as corporation. Hence, Option B is correct.
What is a business?A business is a term which is used to denote the kind of activity that makes a person engaged and so that they can earn money to provide support to their family as well as themselves.
In terms of the monetary sector, with the help of this , they will continue in a smooth and efficient manner. With the help of business, one can earn that much money through which they can move towards master status.
When a person runs a kind of business there, apart from him, many other people will also become owners. It will be referred to as a corporation.
Therefore, Option B is correct.
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Which of these would be considered the most expensive form of advertisement? A. Newspaper ad B. Radio ad c. Television ad D. Web banner
Television or radio ad
Answer:
Television advertisement
Explanation:
News Paper advertisement is probably the cheapest, Web banner coming at second cheapest probably around $60-130. Radio Advertising coming at 2nd most expensive, and Television at first.
collective nouns , A Glory of
Answer: uh what?
Explanation:
Global Inc. Has a preferred share issue outstanding with a current price of $26.80. The firm is expected to pay a dividend of $1.90 per share a year from today. What is the firm's cost of preferred equity?
Answer:
7.09 %
Explanation:
Cost of preferred equity = Dividend / Market Price x 100
therefore,
Cost of preferred equity = $1.90 / $26.80 x 100 = 7.09 %
which one of the following payroll taxes is not withheld from an employee's wages because it is not levied on the employee? a. federal income tax b. federal unemployment tax c. fica tax d. state income tax
The correct answer is b. federal unemployment tax. Federal unemployment tax (FUTA) is not withheld from an employee's wages because it is not levied on the employee.
FUTA is an employer-paid tax that funds unemployment compensation benefits provided to eligible workers who have lost their jobs. It is the responsibility of the employer to pay FUTA taxes based on the wages paid to employees. The tax rate and wage base for FUTA are determined by the federal government and may vary from year to year. Unlike federal income tax, FICA tax, and state income tax, which are withheld from an employee's wages, FUTA is solely the employer's responsibility.
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How do management accountants help managers make business decisions?
A. Management accountants prepare local, state, and federal income
tax returns.
B. Management accountants make sure accounts are paid on time.
C. Management accountants provide accurate financial data and
analyze the data to make predictions.
D. Management accountants ensure that everyone pays their taxes.
Answer:
C. Management accountants provide accurate financial data and
analyze the data to make predictions.
Explanation:
Management accounting is an accounting arm that focuses on the accurate organization, analysis, presentation, and interpretation of a company's financial data for use by the management. The information generated by management accounting is for internal use. It aids the top management team in its decision-making process.
Management accountants analyze and make recommendations on the business's operational aspects, such as costs of products and services purchased, product pricing, budget variances, margin analysis, market trends, and forecast.
Which factor can be a barrier to a person applying for a job as a cook at a fast-food restaurant?
A. being unable to handle shift at work
B. a high school diploma
C. plans to continue education
D. knowing only one language
NO LINKS!!!!!!!!!
Builtrite common stock just paid a dividend of $2.50 and dividends are expected to grow at a 6% annual rate. If you require an 13% annual return, what do you believe is a fair price for Builtrite stock?
To calculate the fair price for Builtrite stock when a dividend is paid and dividend are expected to grow at a 6% annual rate and an investor requires a 13% annual return, we can use the dividend discount model.
The dividend discount model is calculated as follows: P = D₁ / (r - g) where = the fair price of the stockD₁ = the dividend paid at the end of the first year = the required rate of return = the expected dividend growth rate.
Substituting the given values, we have:P = $2.50 / (0.13 - 0.06)P = $2.50 / 0.07P = $35.71. Therefore, the fair price for Builtrite stock is $35.71.
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The calculation of the fair price for Builtrite stock can be obtained using the dividend discount model. A stock's value can be estimated using the dividend discount model (DDM), which calculates the value of a stock based on its future dividends.
The dividend discount model takes into account the present value of a stock's future dividend payouts, including any growth. Here, the calculation is as follows:Given data:Annual dividend = $2.50Growth rate = 6%Rate of return required by the investor = 13% Formula for calculating fair value:FV = D1/(r-g)Where,FV = fair valueD1 = dividend expected in the next year = $2.50 x (1 + 6%) = $2.65r = Required rate of return = 13%g = Growth rate of dividends = 6%Therefore, FV = $2.65/(13%-6%) = $44.17The fair price of Builtrite common stock is $44.17 per share.
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Which of these correctly defines a role of investments?
Investments address the timing of cash flows most desired by investors correctly defines a role of investments.
The net amount of cash and cash equivalents coming into and going out of a corporation is referred to as cash flow. Money spent symbolises outflows, whereas money received represents inflows. The net balance of cash coming into and going out of a firm at a certain period is referred to as cash flow. A business's cash is continually coming in and going out. For instance, when a merchant purchases merchandise, money leaves the company and goes to its suppliers. Expenses incurred in the normal course of business are included in cash flow from operations. Payroll, cost of products sold, rent, and utility costs are a few examples of these financial outflows. When corporate activities are extremely seasonal, cash outflows might vary significantly.
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Uma has been given the task of arranging for five-day conference for foreign delegates. In order to smooth functioning of the event, he has made two people as coordinators to take care of activities related to registration and refreshment. Identify the function of management being carried out by Uma. (a) Planning (b) Staffing (c) Organising (d) Directing
Answer:
(c) Organising
Explanation:
Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.
The main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.
Organizing can be defined as a strategic process in which resources are assembled and human efforts are coordinated and then integrated into a unitary system so as to achieve organizational goals and specified objectives.
Generally, organising helps to create order in an organization by eliminating chaos, and work conflicts. Also, it enhances job specialization and responsibility sharing by creating an environment that is suitable for teamwork.
Thus, the function of management being carried out by Uma is organizing because he made two people coordinators to take care of activities related to registration and refreshment.
Openings around pipes that enter an operation from outside should be?
High stress is produced when a large force is applied to a small area, and low stress is produced when a large force is applied to a small area.
The device's discharge needs to be routed to the atmosphere outdoors. A measure of how much force is present in a certain area is called pressure. High stress is produced when a large force is applied to a small area, and low stress is produced when a large force is applied to a small area. By holding a knife against a piece of fruit, one can see a simple example of stress It might not cut the surface if you press the flat section of the knife against the fruit. The force is dispersed across a vast area (low strain). In the global system of electronics, the unit of stress or pressure is the pascal (Pa) (SI).
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Yvonne authorizes Warren to act as her agent and sell her vehicle. Yvonne tells Warren her vehicle has never been in an accident, and Warren, despite knowing Yvonne had been in an accident a year ago in the car, passes this information on to the buyer. Is Warren liable for the misrepresentation:__________
Answer:
no
Explanation:
because he does something that he don't know what will happen ..and do not research for someone who want to hers car
Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart
Answer:
A. a bar graph is the answer
The two conditions that must exist for a sale and the related receivable to be recognized are:__________
The two conditions that must exist for a sale and the related receivable to be recognized are:
The company has provided goods or services to the customerThe collection from the customer is probable.What are receivables?In finance, receivables refer to amounts of money owed to a company by its customers or clients for goods or services that have been sold or provided on credit.
Accounts receivable, or trade receivables, are the most common type of receivables. They arise when a company extends credit to its customers, allowing them to purchase goods or services without immediate payment. Other types of receivables include notes receivable, which are written promises to pay at a later date, and interest receivable, which is the interest that a company earns on its loans and investments.
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Ames, Inc. has $500,000 of notes payable due June 15 , year 3 . Ames signed an agreement on December 1 , year 2 , to borrow up to $500,000 to refinance the notes payable on a long-term basis with no payments due until year 4 . The financing agreement stipulated that borrowings may not exceed 80% of the value of the collateral Ames was providing. At the date of issuance of the December 31 , year 2 financial statements, the value of the collateral was $600,000 and is not expected to fall below this amount during year 3 . In Ames Inc., December 31, year 2 balance sheet, the obligation for these notes payable should be classified as $100,000$400,000 $0$500,000
Based on the information provided, the obligation for the notes payable in Ames, Inc.'s December 31, year 2 balance sheet should be classified as $400,000.
Since Ames, Inc. signed an agreement on December 1, year 2, to borrow up to $500,000 to refinance the notes payable on a long-term basis, and the value of the collateral is $600,000, the company can borrow up to 80% of the collateral value, which is $480,000 (80% of $600,000). Since the existing notes payable amount is $500,000, it exceeds the allowed borrowing amount of $480,000.
Therefore, $400,000 is the amount that should be classified as the obligation for these notes payable on the balance sheet, representing the maximum borrowing amount allowed based on the collateral value.
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Prepare journal entries for each of the following transactions. In addition, identify the fund in which each entry would be recorded. 1. The General Fund made its annual contribution of $1,500,000 to the fund that will pay $1,000,000 principal and $500,000 interest on outstanding general obligation debt. 2. The city paid $1,000,000 of principal and $500,000 of interest on outstanding general obligation bonds from resources previously accumulated. 3. A Debt Service Fund previously retired the total principal and the interest in full on an outstanding bond issue. Currently the fund carries a balance of $300,000. These resources can be spent by the General Fund in any way the city manager considers appropriate. 4. The Police Department paid $300,000 for equipment. This equipment was ordered 3 months prior to delivery at an estimated cost of $295,000 (assume a voucher system is used and the excess expenditure is approved and paid). 5. The fiscal agent for the city was paid its $10,000 fee from resources accumulated in the only Debt Service Fund used by the city
Debit: Expenditure - Principal ($1,000,000)
Debit: Expenditure - Interest ($500,000)
Credit: Other Financing Source - Contribution from General Fund ($1,500,000)
Fund: Debt Service Fund
Journal Entry:Debit: Expenditure - Principal ($1,000,000)
Debit: Expenditure - Interest ($500,000)
Credit: Cash ($1,500,000)
Fund: Debt Service Fund
Journal Entry:Debit: Fund Balance - Unreserved, Designated ($300,000)
Credit: Fund Balance - Restricted ($300,000)
Fund: Debt Service Fund
Journal Entry:Debit: Expenditure - Equipment ($300,000)
Credit: Vouchers Payable ($300,000)
Fund: General Fund
Journal Entry:Debit: Expenditure - Fiscal Agent Fee ($10,000)
Credit: Cash ($10,000)
Fund: Debt Service Fund
Note: The specific names of the funds may vary based on the organization's accounting system and terminology used. These entries provide a general illustration of the transaction and the fund in which it would typically be recorded.
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oligopolies are difficult to analyze because
What is a disadvantage to online
banking?
security breaches can
happen and compromise
your personal information
it makes you use your
computer
it prevents you from
having to go to the
ATMto deposit
money
it is convenient
One major disadvantage of online banking is the potential for security breaches and the compromise of personal information. Since online banking involves transmitting sensitive information over the internet, such as account numbers, passwords, and social security numbers, there is always a risk of that information being intercepted by hackers or other unauthorized individuals.
Additionally, online banking may require the use of a computer or mobile device, which can be inconvenient for those who do not have easy access to such devices or who prefer to conduct their banking in person. Finally, while online banking may be convenient for many people, it does not allow for the same level of personal interaction with bank representatives as traditional banking methods, which can be a disadvantage for those who prefer to have a more personalized banking experience.
If an engine has a Base Timing of 10° BTDC, but is currently firing at 5°, which is it
Based on the principle of starting engine, the correct answer is turbocharged engine
Turbocharged engineStarting a turbocharged engine, the timing is reduced to compel the peak starting pressure later in the combustion stroke.In conclusion, we can conclude that the correct answer is turbocharged engine.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group
The answer is "star" and its further explanation can be defined as follows:
The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.That's why the correct answer is "star".
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in what ratio must tea RS.60 per KG be mixed with tea at 72 per kg so that the mixture must be worth Rs 64.5 per KG solver can get unique price
Answer:
1x : 1 6667y
Explanation:
Let :
unit of Rs. 60 per kg = x
Unit of Rs. 72 per kg = y
60x + 72y = 64.5(x + y)
60x + 72y = 64.5x + 64.5y
60x - 64.5x = 64.5y - 72y
-4.5x = - 7.5y
Divide both sides by - 1.5
3x = 5y
x = 5/3y
It could be mixed in the ratio ;
1x : 1.6667y
madsen motors’ bonds have 22 years remaining to maturity. they have a $1,000 par value and the coupon interest rate is 9%. interest is paid annually. if the yield to maturity is 11%, what is the bond’s current market price?
The bond will cost $834.48 on the open market if the yield to maturity is 11%.
What is the valuation of bonds?
Bond valuation is a method for calculating the hypothetical fair value of a specific bond. A bond's face value also referred to as its par value or cash flow, and the value of the bond at maturity are both calculated as part of the valuation process. A bond's par value and interest payments are fixed, so an investor uses bond valuation to determine what rate of return is necessary for a bond investment to be profitable.
Calculation:
Appling the following formula for bond valuation;
Value of a bond = Present Value of Interest Payment + Present Value of Principal Payment
Present Value of Interest Payment = Coupon Amount * PVIFA
Where,
r is the bond's YTM.
n is the bond's remaining maturity period.
PVIFA stands for Present Value Interest Factor of an Annuity at Rate (r%), Number of Years.
The Present Value of the Principal Amount = Principal Amount * PVIF
Where,
PVIF is the Present Value Interest Factor at r%, n years
In this question,
Par value = $ 1000
n = 22 years
r =11%
Coupon amount = 1000* 9% = 90
\(PVIFA = \frac{1 - (1 + r )^{-n} }{r} \\PVIF = (1 + r)^{-n} \\Price = 90 * \frac{1 - (1 + 0.11)^{-22} }{0.11} + 1000*(1+0.11)^{-22}\)
= $834.48.
Therefore, the bond will cost $834.48 on the open market if the yield to maturity is 11%.
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Michelle has four credit cards with the balances and interest rates listed below. She would like to consolidate all of her credit cards in a single credit card with an interest rate of 16% and pay off the balance in 36 months. If she did so, what would Michelle’s monthly credit card payment be? Credit Card Balance APR.
Michelle needs to pay $561.06 on all four credit cards every month to clear her dues in 36 months.
What is a credit card?A credit card is a small plastic card issued by a bank, building society , or other financial institution that allows the holder to buy products or services on credit.
We have the given information available in this case:
Credit Card balance APR
$4,380 at the rate of 17%$1,365 at the rate of 19%$2,480 at the rate of 23%$5,000 at the rate of 15%The interest on all the four cards is for 36 months that is 3 years, therefore the interest will be paid for 3 years:
For that we will be using Simple interest rate formula to calculate the interest:
\(\rm\,Total\,amount\,on\,Card1 = P+ \dfrac{P\times\,R\times\,T}{100}\\\\= 4,380 + \dfrac{4,380\times\,0.17\times\,3}{100} \\ \\= \$6,613.8\\\\\rm\,Total\,amount\,on\,Card2 = 1,365 + \dfrac{1,365\times\,0.19\times\,3}{100}\\\\= \$2,143.05\\\\ \rm\,Total\,amount\,on\,Card\,3 = 2,480 + \dfrac{2,480\times\,0.23\times\,3}{100}\\\\= \,\$4,191.2\\\\= \rm\,Total\,amount\,on\,Card\,4 = 5,000 + \dfrac{5,000\times\,0.15\times\,3}{100}\\\\= \$ 7,250\\\)
The total sum of money that Michelle needs to pay on her credit cards:
\(\rm\,Total\,Amount = Total\,amount\,on\,Card\,1 + Total\,amount\,on\,Card\,2+Total\,amount\,on\,Card\,3 + Total\,amount\,on\,Card\,4\\= \$6,613.8 + \$2,143.05+\$4,191.2 + \$ 7,250\\\\= \$20,198.05\)
Finally, the amount that Michelle needs to pay on a monthly basis to clear her dues on the credit card: ( Division of the total amount into 36 parts as she has to pay dues in 36 months)
\(\rm\,Monthly\,installment = \dfrac{Total\,Amount}{36\,months}\\\\\\\\\dfrac{\rm\,Total\,Amount}{\rm\,36\,months}\\\\=\dfrac{\rm\, \$\,20,198.05}{\rm\,36\,months}\\\\= \$561.0569\\\)
Thus, the amount that Michelle has to pay every month for 3 years (36 months) to clear her credit card dues is $561.06.
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