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:
[tex]\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\\[/tex]
The total sum of money that Michelle needs to pay on her credit cards:
[tex]\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[/tex]
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)
[tex]\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\\[/tex]
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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1 Gopal is the CEO of Gopal Leisure (GL). GL has a tall
organisational structure.
Gopal likes to know what all his directors and managers are
doing. He has delegated authority to the other directors for
marketing, finance and human resources management.
The employees in one of GL's leisure facilities are unhappy
about a recent decision taken by Gopal to block a pay
increase. The local manager had agreed the pay rise with
the director of human resources. The manager said, 'This is
typical of Gopal's autocratic leadership style.
[2]
[2]
[4]
a Define 'manager'
b Define 'organisational structure'.
c Identify four functions of management.
d Explain two benefits to GL of delegation.
e Do you think that an autocratic management
style is the best approach for Gopal to use?
Justify your answer.
[6]
[6]
A manager is known to be a person that does the work of supervising and motivating employees and they also aid or direct the progress of a firm.
What are the types of organizational structures?An organizational structure is known to be a system that states out how the activities in a firm are directed so as to achieve the goals of the firm.
There are four types of organizational structures. They are;
FunctionalDivisionalFlatarchyMatrix structures.Learn more about manager from
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For the same company and the same year, net income on a single-step income statement will be.
The net income on a single-step income statement will allow the shareholders to focus and gauge the overall company vitality and profitability.
What is a single-step income statement?A single-step income statement provides a simplified and streamlined view of a company's revenue and expenditures.
This simple document simply communicates a:
Company's revenue,Costs, and Bottom Line net income.The top of the statement totals all income and gains, while the bottom totals all costs and losses.
This reduced method simplifies record-keeping for both accounting professionals who create the statement reports and investors who read them.
Thus, shareholders require to look at their net income to assess a company's overall profitability.
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What trophy is earned for transferring $500 into your savings account?
O Credit Health
O Debt Reduction
O Emergency Fund
O Perfect Pay
The trophy that is earned for transferring this money to your savings account is emergency fund.
What is emergency fund?
This is a term that is used to refer to the fact that a person has financial safety net somewhere.
That is they have money that they can refer to at anytime especially if they are in dire need of money due to a situation.
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When a firm pursues a predatory pricing strategy, it does so to hire more staff to lower unemployment. to increase supply to benefit consumers. to maximize profits in the long run. to discourage short run competition.
The main purpose why firms pursue a predatory pricing strategy is:
to discourage short run competition.Who is Predatory Pricing Strategy?This has to do with the intentional act of firms to set their prices very low and also sell below AVC to drive out competitors.
With this in mind, we can see that with this type of business strategy, firms are able to suffer losses with the aim of discouraging short run competition by selling far lower than others.
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There are different pricing strategy, when a firm pursues a predatory pricing strategy it does so to maximize profits in the long run.
What is predatory pricing strategy?Pricing strategy are use by business to get or attract customers.
There are various strategy to uses depending on the goods or services to render and the survey outcome that has been carried out prior to business execution.
Therefore, When a firm pursues a predatory pricing strategy it does so to maximize profits in the long run.
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In accordance with the seven core elements of an effective occupational safety and health program, what should management do to support the program effectively?.
Answer:
Communicate their commitment to the programs through a written statement.
Establish realistic, attainable, and measurable goals.
Allocate resources to the program by integrating it into the budget and time planning.
Establish a process to report any safety and health concerns.
An entrepreneur wants to hire a human resource professional who can help her make decisions about who will or will not be allowed to join her organization. In advertising for this professional, what term should she use to describe the process she wants help with
The term she should use to describe the process she wants help with is: Personnel selection.
What is personnel selection?Personnel selection can be defined as the process of selecting a person hiring a person or an individual.
Personnel selection can also be defined as the way of selecting an applicant that would occupy a vacant position in a company.
Most companies or organization tend to makes use of Personnel selection when recruiting people into their organization/
Inconclusion the term she should use to describe the process she wants help with is: Personnel selection.
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can anybody help me please i will mark brainlyest
An increase in sales will increase net operating income by a multiple of that increase in sales. The multiple is known as the ______. Multiple choice question.
Increase in sales will increase net operating income by the degree of operating leverage.
What is Operating leverage?This can be defined as a measure of how revenue growth translates into growth in operating income.
In this scenario, increase in sales leads to a corresponding increase in income with the operating leverage measuring the extent to which it occurred.
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Managing negative feelings is__
a. A process
b. A hierarchy
c. An emotion
d. A deadline
Answer:
an emotion
Explanation:
process is the lead
hierarchy is increase
deadline is the date
Managing negative feelings is a process.The correct option is a.
It takes a variety of coping mechanisms and individualized approaches to effectively manage unpleasant emotions. It entails identifying and expressing negative emotions, comprehending their underlying causes, and implementing constructive coping strategies. This procedure might involve introspection, asking for help from others using relaxation techniques, exercising or getting professional assistance.
Individuals can improve their emotional resiliency, mental health and overall life satisfaction by actively addressing negative emotions. It is critical to understand that controlling unpleasant emotions is a continuous and dynamic process because feelings can change depending on the situation and one's experiences. Greater emotional intelligence and improved mental health can result from learning effective emotional management techniques.
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Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $60,750? a. $1,215. 00 b. $1,417. 50 c. $1,701. 00 d. $1,822. 50 Please select the best answer from the choices provided A B C D.
The maximum mortgage payment allowed with an annual salary of $60,750 by using the standard 28/36 guidelines is $1,417.50. Thus Option B. is the correct answer.
What is the 28/36 guideline?The 28/36 rule is a common-sense formula for determining how much debt a person or household should take on. A person should spend no more than 28% of their monthly gross income on housing expenses, according to this regulation.
So, by using the 28/36 guideline,
28% of 5062.5 (monthly gross income) is equal to $1417.50. Here $ 5062.5 is calculated by dividing $60,750 by 12 to get the monthly gross income.
Therefore, any person earning $60,750 as an annual salary should not spend more than $1417.50 for the purpose of monthly mortgage payments. Option B. is the correct answer.
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Answer:b
Explanation:
Catherine bought 355 shares of Trochel Office Supplies at $31. 29 per share. Several months later, the price went up and she sold them at $49. 88 per share. How much profit did Catherine make? a. $28,815. 35 b. $17,707. 40 c. $6,599. 45 d. $11,107. 95.
If you borrow $20,000 for 5 years at an annual rate of 8%, what would the monthly payment be?.
The computation of the interest illustrates that the monthly payment is $466.67.
How to calculate the monthly payment?Firstly, the simple interest will be;
= (20000 × 5 × 8%)
= 8000
Total amount to be repaid:
= $20000 + $8000
= $28000
Monthly payment will be:
= $28000/5 years
= 28000/(5 × 12)
= 28000/60
= $466.67
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Many companies are now considering the impact they have on the environment when making decisions true or false? Help please ASAP
The answer is true
Explanation:
Because
How does international trade impact economic growth within a trading nation?.
After closing entries, ________ has (have) a zero balance and _______ has a balance that carries forward
Answer: temporary accounts; Retained Earnings
Explanation:
To be successful any test used by a corporation must be.
Answer:
To be successful any test used by a corporation must be valid.
Explanation:
Hope it helps
For external reporting, income statements are generally prepared using.
For any form of external reporting, income statements are generally prepared using Absorption variable and Variable costing costing is used for internal decision making purposes.
What are the income statements?The income statement is one that is based on some key items such as revenue, expenses, loss, etc.
An income statement is said to be a form of financial report that gives details a company's income and expenses in course of a reporting period.
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What type of economy is the South African economy?
Answer:South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.
Explanation:
Answer:
South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.
Explanation:
No Explanations
What is the most important function of a leader within an organlzation?
Leader's functions are
Explanation:
1. control the organization
2. give every member their tasks
3. plan and think about new plans
Cast Away Electronics paid a sum of $25,000 to an official of a foreign government to ensure that the company obtained exclusive preferential treatment for the plant it is building. The $25,000 can be classified as:____________
The payment by Cast Away Electronics to an official of a foreign government can be classified as a bribe.
Why is it a bribe?A bribe is a payment made by an entity to another entity in order to gain an unfair advantage or favor.
Cast Away Electronics wanted to gain an unfair advantage in the treatment of a plant and so paid a government official. This is therefore a bribe.
In conclusion, this is a bribe.
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A price-taking firm is one of a ______ number of firms producing a product that is identical to that of every other firm in the industry and providing ______ of total market supply.
It should be noted that price-taking firm is one of a large number of firms producing a product that is identical , though providing only fraction of total market supply.
What is a price-taker firm?
A price-taker can be regarded as individual or firm that doesn't have control over the prices of goods or services sold.
This is because, they usually have small transaction sizes as well as trade at whatever prices.
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Marketing managers can choose between three possible global ______, which range from selling the same product to introducing an entirely new product.'
Global product strategies correspond to strategic possibilities that marketing managers can choose for the insertion of products in a global market.
What is product strategy?It corresponds to a set of techniques and actions that an organization will use to promote its product in a given market, based on communication, functionality, quality and audience analysis.
Therefore, marketing managers can choose between three possible global product strategies for a company to generate value and market positioning.
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What organization did ukraine want to join that russia did not want them to join?.
Answer:
Ukraine wanted to join NATO but Russia sees that as a no-no
Explanation:
facts
What kinds of things does a manufacturer produce?
Answer:
The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.
The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society.
The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources .
The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .
The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are
The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand The consumer income The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand The consumer income The costs of production and many more.The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand The consumer income The costs of production and many more.After all these factors have been considered , a manufacturer can now decide to make(produce) things such as automobiles , home appliances , foodstuffs and many more.
A manufacturer creates and produces tangible goods or products for commercial purposes.
A manufacturer is an entity or company involved in the production of goods on a large scale. Manufacturers transform raw materials, components, or parts into finished products through various processes such as assembly, fabrication, or refining.
They utilize machinery, equipment, and labor to convert inputs into tangible goods that meet market demands. Manufacturers are responsible for managing production lines, quality control, supply chain logistics, and often engage in research and development to innovate and improve their products.
They play a pivotal role in driving economic growth, job creation, and providing essential products across industries ranging from automotive to consumer electronics.
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The period in which there are no fixed costs is the:.
Answer:
the long run
Explanation:
how does a shop owner add value to their business
Answer:
A shop owner adds value to their business by conducting all major monetary transactions for his company.
Explanation:
Answer:
Customer engagement.
Community.
Thank you cards.
Membership.
Convenience without a compromise.
Have a cause.
Explanation:
Companies monitor sustainability performance for several purposes, including organizational learning, improved decision-making, regulatory compliance, ______, and demonstration.
Among the factors or reasons listed above, companies also monitor performance for sake of Accountability.
What is Accountability?Every corporation, and its entities and stakeholders must be accountable if they are to thrive.
This means that every person within the system must embrace responsibility for doing the right thing and accept the responsibility for not doing so as well.
A business can be accountable by:
communicating its expectations clearly and timelyfostering a learning environment, empowering its employees etc.See the link below for more about Accountability:
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While reviewing reports, it is often helpful to see the originating transaction or document; you can do this by using a feature known as
Answer:
The process of recording, summarizing, and presenting financial information of a company in the form of financial statements.
Explanation:
Which of the following is true of constraints that exist in product mix decisions?
a. Manufacturers always experience a limitation of raw materials.
b. Traders always experience a limitation of machine hours.
c. Multiple constraints can be handled using linear programming.
d. There exists only one constrained resource at a given point of time.
Statement that is true of constraints that exist in product mix decisions is Multiple constraints can be handled using linear programming.
What is Product mix decision?
Product mix decision refer can be regarded as the decisions involving addition of a new or eliminating any existing product from the product mix.
It involves adding a new product line as well as lengthening any existing line in order to increase the profitability.
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HELP M PLEASEE LIKE RIGHT NOW WILL MAKE BRAINLIEST
Answer:
$180
Explanation:
please mark brainliest
Answer:
180
Explanation:
If you do 15x12 that is 180
