Which of the following is the term for the amount of interest paid on a balance carried each month?
Finance charges
Grace period
Minimum payment
Annual fee

Answers

Answer 1

Option (a), The term for the amount of interest paid on a balance carried each month is "Finance charges."

This refers to the amount of interest that is charged on a balance carried over from month to month. Finance charges are typically calculated as a percentage of the outstanding balance and can vary depending on factors such as the interest rate and the length of time the balance has been carried over. It is important for consumers to understand how finance charges are calculated and to make timely payments to avoid accruing excessive interest charges.
Finance charges represent the cost of borrowing money and are typically expressed as an annual percentage rate (APR). These charges accrue on the unpaid balance each month.

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Related Questions

What is the purpose of advertising?
To make people want the things they do not have.
To expand the marketplace to a wider audience.
To explain to people the cost and risks of owning products.
To allow people to make choices about what is available.

Answers

It should be noted that the purpose of advertising is to expand the marketplace to a wider audience.

Advertising can be regarded as marketing strategy that is been utilized by organization and firms to promote their products and services.

It involves using media and other means to make the public aware about the products or services.

We can conclude that advertising is done on the purpose of making marketplace to a wider audience so that more people can patronize.

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Answer: To make people want the things they do not have.

Explanation:

The purpose of advertising is to make people want things they don’t have

Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is scheduled to start in 5 working days, but the hardware is on backorder and will not arrive for another 9 working days. Fortunately, Tom has 10 days of slack; however, he shares this slack with the hardware installer. He will have to let the contactor know that the hardware will be ready 4 days later than expected and that the slack for the installer has been reduced by 4 days. Tom and the installer share 10 days of
A. Free Slack.
B. Shared Slack.
C. Total Slack.
D. Critical Slack.
E. Functional Slack.

Answers

Answer:

A

Explanation:

Free slack can be described as the total amount of time a project can be delayed without affecting the project's completion time . Tom and the contractor share a slack time of 10 days

Total slack measures the total amount of time a project can be delayed before the project's completion.

Functional slack measures the amount of time that each activity in a project can be delayed without affecting the project's completion time.

When a financial institution makes a real estate loan to a home buyer, the transaction takes place: - When the buyer proves his creditworthiness -Illegally -In a primary market -In a secured environment

Answers

Answer:

When the buyer proves his creditworthiness

Explanation:

In simple words, the creditworthiness refers to the ability of a borrower to pay back the loan to the lender at the specified time and interest. While taking loan form a financial institution the home buyer first have to prove that he or she is able to pay back the loan taken.

Thus, from the above we can conclude that the correct option is A.

Which of the following types of advertising media dominates local markets?
a. Radio
b. Network television
c. Cable television
d. Newspapers

Answers

Based on research and studies, newspapers are the type of advertising media that dominates local markets.

Local newspapers provide a cost-effective way for businesses to reach their target audience and promote their products or services. Many people still rely on newspapers for their daily news and information, making them a reliable and effective advertising platform for local businesses.
 d. Newspapers. Newspapers tend to dominate local markets because they specifically cater to local audiences and provide targeted advertising opportunities for businesses in the community.

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you and your spouse have a 72 month car loan. what is the best way to shorten the amount of time that it takes you to pay back the loan?

Answers

One of the best ways to shorten the amount of time it takes to pay back a 72-month car loan is to make extra payments. Extra payments reduce the amount of time it takes to pay back the loan and reduce the total amount of interest paid over the life of the loan.

Another way to shorten the amount of time it takes to pay back a 72-month car loan is to refinance the loan. Refinancing the loan can lower the interest rate, reduce the monthly payment, and shorten the length of the loan. This can help to save money on interest payments and make it easier to pay back the loan in a shorter amount of time.
Another strategy to shorten the amount of time it takes to pay back a 72-month car loan is to make bi-weekly payments instead of monthly payments. Bi-weekly payments can help to pay off the loan faster and reduce the total amount of interest paid over the life of the loan.
Finally, it is important to avoid missing payments or paying late fees, as these can add to the overall cost of the loan and extend the length of time it takes to pay back the loan. By making extra payments, refinancing the loan, making bi-weekly payments, and avoiding missed payments, you can shorten the amount of time it takes to pay back a 72-month car loan.

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What was the long-term global temperature trend over the past 100 million years?.

Answers

Over the past 100 million years, the global temperature trend has been such that the earth has become colder, and the temperature has fallen significantly.

What is temperature trend?

The average change in the temperature for a specific predefined period is known as the temperature trend of such region. Degree Celsius per decade is the unit of measurement of the trend as such.

The temperature trend in the past 100 million years has led to the fall in the temperature.

Hence, the temperature trend for the period has been aforementioned.

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if i end up choosing to hurt a few of my employees for the benefit of the majority of the company, i am using which ethical rule?

Answers

Answer:

If you choose to hurt a few of your employees for the benefit of the majority of the company, you may be using the ethical rule of "utilitarianism."

Explanation:

20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation

Answers

One way the federal government can control inflation is to increase public spending.

Therefore, Option B is the correct option.

What is Inflation?

In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.

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china has surpassed the united states in exporting information-technology goods, such as laptop computers, mobile phones, and digital cameras.
a. true
b. false

Answers

China has surpassed the united states in exporting information-technology goods, such as laptop computers, mobile phones, and digital cameras is true.

How do exports and imports differ?

Selling products and services to another country from one's own country is known as exporting. Purchasing goods from abroad and bringing them into your own country is referred to as importing.

How do exports affect the economy?

Movable goods produced inside the borders of one country and exported to another are considered exports. The sale of these products generates revenue in foreign currencies, which helps the nation that produces them grow economically.

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You are busy with finals and forgot to pay your credit card bill. You are charged $100 in late fees. This will likely lower your

Answers

Answer:

credit card money I think

credit score i imagine

Why would high start-up costs serve as a barrier to competition?​

Answers

More suppliers would enter the market to meet the challenge. A. Suppliers who could not become more efficient would be driven from the market.

Explain the difference between fixed costs and variable costs for firms, using Internet grocery shopping as an example.

Answers

Explanation:

Fixed cost is the cost that is constant for each unit of the item produced and does not depend upon the quantity of production. Fixed cost may include rent payment, insurance, interest payment.

whereas variable cost are cost that vary with quantity of output produced. It may include, labor cost, commissions, raw material, etc.

For Internet grocery shopping fixed cost can be cost of storing the grocery, insurance of inventory, electricity payment, cost of delivery to the customer, etc. whereas variable cost may be discount offered on quantity of purchase, Sale offers to attract customers, etc.

if net exports are positive, group of answer choices the equilibrium gdp must be greater than the full-employment gdp. imports must exceed exports. aggregate expenditures are greater at each level of gdp than when net exports are zero or negative. some other component of aggregate expenditures must be negative.

Answers

Aggregate spending is higher at each GDP level when net exports are positive than when they are zero or negative.

What impact do net exports have on GDP at equilibrium?

Shows the effect of net exports on equilibrium GDP. Positive net exports have an expansionary effect by driving up total spending above what it would be in a closed economy.

What connection exists between the GDP at equilibrium and the GDP at full employment?

GDP in equilibrium is to the right of GDP in full employment. When there is an inflationary gap, equilibrium GDP is higher than full employment GDP. GDP at equilibrium is too high. Raising taxes or cutting G expenditure are the only ways to close the deficit; both actions will lower GDP and cut spending.

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During 2021, Crane Corp. started a construction job with a total contract price of $15000000. The job was completed on December 15, 2022. Additional data are as follows:
2021 2022
Actual costs incurred during the year $6300000 $7350000
Estimated remaining costs 6300000 0
Billed to customer 5400000 11400000
Received from customer 4200000 12000000
Under the completed-contract method, what amount should Crane recognize as gross profit for 2022?
$1350000
$450000
$675000
$2250000

Answers

The amount that Crane should recognize as gross profit for 2022 under the completed-contract method is $675,000. Under the completed-contract method, revenue and expenses are recognized.

The contract is completed. The gross profit is calculated as the difference between the total contract price and the total costs incurred. In this case, the total contract price is $15,000,000, and the total costs incurred by the end of 2022 are $6,300,000 (actual costs incurred in 2021) + $7,350,000 (actual costs incurred in 2022) = $13,650,000. To calculate the gross profit for 2022, we subtract the costs incurred in 2022 from the total contract price: $15,000,000 - $13,650,000 = $1,350,000 Therefore, the amount that Crane should recognize as gross profit for 2022 is $675,000 ($1,350,000/2), as it represents 50% of the gross profit for the completed contract. It's important to note that under the completed-contract method, revenue and expenses are not recognized until the contract is completed and the gross profit is only recognized in the year of completion.

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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%

Answers

It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).

What is Operating Leverage?

The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.

Magnitude of operating leverage= 4.5

Old sales= $100000

New sales= $110000

Percentage increase in sales:

(New-old)/old = (110,000-100,000)/100,000

                       = 10%

Consequently, a percentage rise in profit might be anticipated:

sales percentage growth times the degree of operational leverage

                        = 10% * 4.5

                        = 45%

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Which settings would convert the information below into the table below?
Type of Animal Number of Children's Favorite
Whale-12
Tiger → 3
Lion 4
Elephant 6
Monkey 8
Giraffe 2

Which settings would convert the information below into the table below?Type of Animal Number of Children's

Answers

The  settings that would convert the information given above is autofill to content.

What is autofill to content?

Autofill to content refers to a feature in some software applications that automatically fills in or completes a form or field based on previously entered information or data. The goal of autofill to content is to save time and effort by automatically entering information that is likely to be the same for each new form or field.

For example, autofill to content can be used to automatically enter a user's name, address, phone number, and other contact information in a web form. When the user begins typing the first letter of their name or address, the software will suggest the rest of the information based on previous entries, allowing the user to select the correct information from a drop-down list and then automatically fill in the remaining fields.

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countries with fixed exchange rates that allow free cross-border capital mobility sacrifice is called

Answers

The sacrifice that countries with fixed exchange rates that allow free cross-border capital mobility make is called "monetary autonomy."

This means that these countries cannot control their own monetary policy and must adjust their interest rates and exchange rates to match those of the country with which they have fixed their currency. As a result, these countries may have limited ability to respond to economic shocks or fluctuations in their own economies.

Monetary autonomy refers to the ability of a country's central bank or monetary authority to control and manage its domestic monetary policy independently.

It implies that the central bank has the authority to determine and implement policies related to the money supply, interest rates, and exchange rates without external influence.

Monetary autonomy is crucial for countries to pursue their economic objectives and maintain stability. It allows a central bank to respond to domestic economic conditions and adjust monetary policy accordingly. This flexibility enables a country to address issues such as inflation, unemployment, and economic growth, tailored to its specific circumstances.

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what are the three purposes of a job interview?

Answers

Answer:

to learn more about you, why you want the job for, and base on what you need to know or what you already know

what quantity will the sellers be able to sell after the imposition of the price floor? multiple choice 0j 0k 0l jl

Answers

The quantity that sellers will be able to sell after the imposition of the price floor is OE.

What is a price floor ?

A price floor is a government-imposed minimum price that is set above the equilibrium price of a good or service in a market. In other words, it is the lowest price that can legally be charged for a product or service.

Price floors are often used to protect the producers or sellers of a product or service by ensuring that they receive a certain minimum level of income.

At price floor OC, the demand would be E which is where the sellers would be able to sell after the price floor is imposed.

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what quantity will the sellers be able to sell after the imposition of the price floor? multiple choice

What should you avoid using when writing a formal email?
O An official signature
O Emojis
O Familiar acronyms
O Last names

Answers

Emojis
Emojis are not formal and they should not go in a formal email

Answer:

emojis

Explanation:

Suppose a senator introduces a bill to legislate a minimum hourly wage of $12 per hour. This type of price control is called

Answers

When a senator introduces a bill to legislate a minimum hourly wage of $12 per hour, this type of price control is called a price floor.

A price floor is a government-imposed price control, which involves the establishment of a minimum price for a particular good or service.What is a price floor?A price floor is a minimum price that a product, commodity, or service must be sold for by law. A price floor, as the name implies, establishes a minimum price that must be charged for the commodity. A price floor is most commonly used in the context of government-mandated minimum wages.A price floor is the exact opposite of a price ceiling. A price ceiling is a government-mandated maximum price that can be charged for a product or service, while a price floor is a government-mandated minimum price that must be charged for a commodity.A price floor causes the price of a product to rise to a point where it is higher than the equilibrium price. This can lead to a surplus of the product, as suppliers are willing to sell more of the product than consumers are willing to purchase.

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Noel was assigned a group project in class. What benefit will Noel get from working with a team?

A Independence
B Increased creativity
D Easy class credit
C Easy decision making

Answers

B) multiple minds increase the creativity put out into their project

Answer:

B Increased creativity

Explanation: got test

During the year, the Senbet Discount Tire Company had gross sales of $1.17 million. The company’s cost of goods sold and selling expenses were $586,000 and $239,000, respectively. The company also had notes payable of $780,000. These notes carried an interest rate of 6 percent. Depreciation was $116,000. The tax rate was 21 percent.
a. What was the company’s net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
b. What was the company’s operating cash flow? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)

Answers

The company's operating cash flow  will be $259,938.

a. Calculation of net income is done below:

Sales revenue = $1,170,000

Cost of goods sold = $586,000

Selling expenses = $239,000

Depreciation = $116,000

Operating income = Sales - Cost of goods sold - Selling expenses - Depreciation

                              = $1,170,000 - $586,000 - $239,000 - $116,000

                              = $229,000 Interest expense

                              = Notes payable × interest rate

                              = $780,000 × 6%

                              = $46,800

Earnings before taxes = Operating income - Interest expense

                                     = $229,000 - $46,800

                                     = $182,200 Income taxes

                                     = 21% × Earnings before taxes

                                    = 0.21 × $182,200

                                    = $38,262

Net income = Earnings before taxes - Income taxes

                   = $182,200 - $38,262

                   = $143,938

Therefore, the company's net income is $143,938.

b. Calculation of operating cash flow is done below:

Operating cash flow = Earnings before taxes + Depreciation - Taxes

                                  = $182,200 + $116,000 - $38,262

                                 = $259,938

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Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,

Answers

The answer would be D

___ are costs that don't show up as part of the market price for a product.

Answers

Externalities are costs that don’t show up as part of the market price for a product

Property taxes for the year are $1,824. COE is set for May 15. How would the proration be calculated in escrow

Answers

Prorating property taxes in escrow involves dividing the annual property tax amount between the buyer and seller based on the portion of the year each party owns the property. To calculate the proration, you would follow these steps:

Determine the number of days each party owns the property. For example, if the COE (Close of Escrow) is set for May 15, and there are 365 days in the year, the buyer would own the property for 231 days (from January 1 to May 15), and the seller would own the property for 134 days (from May 16 to December 31).

Calculate the daily property tax rate by dividing the annual property tax amount by the total number of days in the year. In this case, if the annual property tax is $1,824 and there are 365 days in the year, the daily tax rate would be approximately $5 per day.

Multiply the daily tax rate by the number of days each party owns the property to calculate their respective prorated property tax amounts. The buyer's prorated tax amount would be $5/day * 231 days = $1,155, and the seller's prorated tax amount would be $5/day * 134 days = $670.

Therefore, in escrow, the buyer would typically be responsible for paying $1,155 of the property taxes, and the seller would be responsible for paying $670, based on the prorated amounts calculated.

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In the ________ stage of the product life cycle, most consumers who would buy the product are either repeat purchaser of the item or have tried and abandoned it, making it more challenging to acquire new customers.

Answers

In the growth stage of the product life cycle, most consumers who would buy the product are either repeat purchaser of the item or have tried and abandoned it, making it more challenging to acquire new customers.

have a nice day!

What would be the total cost of software F
over time?
$[?]
$6,000
Software E
Software F
$10,000
Satisfaction 75%.$0
Not Satisfied
Satisfaction,
Not Satisfied
25% $12,500
90%-$0
10% $5,000
Enter

Answers

The total cost of software F over time is - $3000.

The total cost of software E over time is $1,900.

Data and calculations:

Software cost F = 10,000

Satisfaction rate with F software = 75%

Cost of satisfaction level = 0

Dissatisfaction level cost = 12,500

Percentage of unsatisfied = 25%

The total cost of F software over time is - $3000 {($10,000 x $75% - $0) + ($10,000 x $25% - $12,500)}.

Software cost X = 6,000

Satisfaction rate with software X=90%

Cost of satisfaction level = 0

Dissatisfaction level cost = 5,000

Percentage of unsatisfied = 10%

The total cost of E software over time is $1,900 {($6,000 x 90% - $0) + ($6,000 x 10% - $5,000)

What is total cost?

Total cost refers to the amount of economic cost of production and consists of variable cost, which varies depending on the quantity of a good produced with inputs such as labor and raw materials, plus fixed cost, which is independent of the quantity of a good produced plus inputs that cannot be varied in the short term such as buildings and machinery, together with possibly sunk costs.

Therefore, the correct answer is as given above.

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According to the trio-of-basic-needs theory, the trio of basic needs includes ________.

A) power, affiliation, and achievement
B) prestige, affiliation, and achievement
C) environment, affection, self-actualization
D) achievement, affection, power
E) safety, physical satisfaction, social belonging

Answers

According to the trio-of-basic-needs theory, the trio of basic needs includes A) power, affiliation, and achievement. The trio-of-basic-needs theory is a motivational theory that proposes that individuals have three fundamental needs: autonomy, competence, and relatedness.

These needs were first introduced by Edward Deci and Richard Ryan, who developed the self-determination theory. Autonomy refers to the need to feel in control of one's own behavior and life. Competence refers to the need to feel effective and capable in one's actions and pursuits. Relatedness refers to the need to feel connected to and cared for by others. Therefore, none of the options presented in the question matches  which is: Autonomy, competence, and relatedness.

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The expected return of the minimum variance portfolio is:

A. The risk-free rate

B. Insufficient information to answer the question

C. Zero

D. The market return

Answers

The expected return of the minimum variance portfolio is not provided in the question. Therefore, the correct answer is B. Insufficient information to answer the question.

The expected return of the minimum variance portfolio is not provided in the question. Therefore, the correct answer is B. Insufficient information to answer the question.
To understand why, let's break it down. The minimum variance portfolio is a portfolio that seeks to minimize risk by allocating assets in a way that reduces overall volatility. It is typically constructed by selecting assets with low correlation to each other.
The expected return of a portfolio depends on the returns of the individual assets and their respective weights in the portfolio. Without information on the specific assets and their returns, we cannot determine the expected return of the minimum variance portfolio.
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which person is demonstrating the process of initiating structure? multiple choice marouk, who gives employees time to relax and socialize delisha, who assigns tasks to individuals and workgroups glenda, who makes employees feel valued and trusted The equation of a circle is (x-2)2+(y+3)2=26. What are the coordinates of the center of the circle? Does anybody know this? The quotient of -45 and -5 is What was the most likely response of the American people when they later heard news of the Bataan Death March? Your firms biggest client is coming to town today. You have been assigned the important task of showing him the town and being his host while he is here. You have done your research on him. His biography, posted on the Internet, portrays him as a philanthropist and family man. On his first night in town, he asks you to find female entertainment for him. You ask your boss what this means. Your boss says, "It means what you think it means. Keep him happy. Hes really important to the firm . . . and to your year-end bonus." You feel conflicted about your next steps. Required:What best describes this situation? PLEASE HELP ME 1. How would you describe the attitude of the narrator toward elite New York society?-2. Why do you think Wharton uses words such as pressed, expected, obliged, forced, and plunged?-3. How does the young girl described in the excerpt contrast with those around her?-4. How does the author foreshadow that problems will arise for the young girl depicted in the excerpt? Cite evidence from the text to support your answer.-5. Why do you think Whartons novel reflected overall trends in society? Each evening, Billy jogs around the high school track at a constant rate. The following equation describes the relationship between t, the time he jogs in hours, and d, the distance he jogs in kilometers. d = 7t Which graph represents the relationship between the amount of time Billy jogs and the distance he jogs? "If 54 oranges costs find the cost - Of 3 Ioranges Part AIn "A Literature of Place," what relationship does the author suggest between modern life and nature writing?A. The further people live from nature, the less they want to read about it.B. The more people learn about nature, the happier they are with modern life.C. The true subject of modern nature writing is the loss of connection with nature,D. Modern nature writing focuses not on the natural world but on human nature. Which statement is not true about the Krebs Cycle?It occurs out side of the mitochondrion.It occurs inside the mitochondrion.It has 8 steps.It produces 2 ATP. Which of the following events caused Britain to fight in World War I?A) Austria gave Serbia an ultimatum B) Russia joined France to fight Austria C) Germany invade BelgiumD) Germany invaded Russia Determine the number of atoms that are in 1.15 mol of Cl 2. Find the volume of the shaded solid. Round your answer to 2 decimal places if necessary. Use 3.14 when necessary. you are sitting in classroom next to the wall looking at the blackboard at the front of the room. the blackboard is 11 ft long and starts 5 ft from the wall you are sitting next to. show that your viewing angle is The mass of the planet Saturn (Fig. P1.2) is 5.64 1026 kg, and its radius is 6.00 107 m. Calculate its density. Mariette has read 4/5 of the class novel. Erika read 0. 5 of it. Riley read less than Mariette but more than Erika. What fraction of the book could Riley have read. Explain between 1870 in 1920 how many immigrants arrived from overseas which dism option prevents files with reparse points outside the specified path from being captured? How many kilocalories of heat are released when 75 g of steam at 100 degrees Celsius is converted to ice at 0 degrees Celsius? Help please in need this asap