1. The average daily balance for Maggie Mae's last credit card statement was $1,634.28, and she had to pay a finance charge. The APR is 18%. a. What is the monthly interest rate? b. What is the finance charge for the month?

Q: If the company sells produces and sells 3,000 baskets how much operating income will they make A)…

A: Direct material rate per unit = $16,000/2000 = $8 per unit Direct Labour rate per unit =…

Q: Can I please get the solution by using excel

A: The computation of the total cash outflow as follows: The formula used for the computation of the…

Q: To help people save for retirement, all of the following are Individual Retirement Accounts, EXCEPT:…

A: Individual retirement accounts are saving plans in which, individuals can save for their retirement.…

Q: Hi! Can you please do the 2nd one?

A: The worksheet records the unadjusted trial balance, adjustments, adjusted trial balance, Income…

Q: 7. You are making plans for your retirement. You have just turned 30 and want to retire on your 65th…

A: Given information : Required amount at retirement : $1,000,000 Rate of interest : 12% Monthly salary…

Q: hi, can I get the solution or the computation?, thank you!

A: Journal entries (JF) refers to the very basic step in the accounting cycle and records the daily…

Q: Thank you so much this is very clea

A: Introduction:- A cash flow statement denotes total amount cash is inflows and cash outflows your…

Q: AMAZING THANK YOU

A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: Which of the following accounts increases with a credit? OA. Common Stock OB.Accounts Receivable…

A: DebitA debit is an accounting entry made on the account's left side. Debits are used in double-entry…

Q: 4. Mr. Bueno would like to know the present value of his savings with P 4,500.00 deposit every 6…

A: 4) Semiannual saving (S) = P 4500 n = 10 years = 20 payments r = 7% per annum = 3.5% semiannually

Q: how much must your grandparents deposit today?

A: Perpetuity refers to an annuity that has no definite period and goes on for infinity. The annuity…

Q: explain Stakeholder engagement use your word

A: Stakeholder engagement: Stakeholder engagement refers to a scenario whereby an organization…

Q: Saving Later Plan 2: Invest $350 at the end of each month into an account paying 7.5% compounded…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: did you get

A: When shares are issued , the issue price is par value plus additional paid in capital . The…

Q: The following equation shows the transactions of Cotton Cleaning Service during May. The business is…

A: Income statement is one of the essential parts of the financial statement used for reporting the…

Q: Hey! Thanks for the answer! What's the formula in cell c9? Thanks!

A: The dividend discount model (DDM), a mathematical technique for predicting the price of a company's…

Q: Sam is single, has just turned 30 years of age, and would like to retire comfortably on his 80th…

A: According to the Superannuation Guarantee, the words "superannuation" and "retirement" refer to…

Q: 18. ALGEGRA Kylee Irving wants to verify her deposit to her savings account, Her new balance is…

A: Ending Balance = Beginning Balance + Deposits + Interest Earned - Withdrawals

Q: how much interest will he pay in his 36th​ payment?

A: To determine the interest, he would pay on his 36th payment, we need to determine the loan balance…

Q: 3 year 8% Bonds at $100,000 issued on January 1,2018, are recalled at 105 on December 31,2019…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: dgdfdgdhfgff

A: It looks like your message might have been incomplete or accidentally sent. How can I assist you…

Q: 35. If the company produces and sells 2,000 baskets how much will their cost of goods sold be?…

A: Workings: Calculation of variable cost per unit: Total baskets produced = 2000 direct materials cost…

Q: Dee is in the process of estimating her client's retirement funding need. Based on the following…

A: Retirement fund or pension fund is referred as the superannuation fund in the different nations,…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: Planning for protection needs ensures that _______________.   a. there will be sufficient financial…

A: Planning for Protection :- It means that an Individual is planning or preparing for worse or…

Q: Please tell answer as soon as possible

A: The closing entries refer to the journal entries passed at the end of the reporting period to…

Q: Zhhshsdhhsdhhsjsjshsnsns

A: Key references: Dwivedi, Y. K., Kshetri, N., Hughes, L., Slade, E. L., Jeyaraj, A., Kar, A. K., ...…

Q: 17. Using the income multiplier estimation method, how much life insurance would you need if your…

A: Using the income multiplier method, you should have an insurance requirement of 10 times of your…

Q: want to know how to do the last two part.. thankssssss!

A: Prepare a statement of retained earnings for the year ended December 31, 2018 assuming net profit…

Q: Housing meets [_ ] needs when it provides a place to gather with family and friends and provides a…

A: Maslow's hierarchy of needs is a theory that states five categories of human needs based on…

Q: Ahmed started his business by depositing the amount of 100,000 dinars in cash. ?What will the amount…

A: Capital invested by Ahmed is a part of internal liability because an enterprise must repay the owner…

Q: 6. Effective communication means the transference and understanding of meaning, but you cannot know…

A: Feedback means a response from the receiver of the message which gives the communicator an idea of…

Q: Sheet 3- Time Comparison 1. At the bottom of the page, click on Sheet 3. If you're using Google…

A: The question needs assumptions of payment amount "P", rate "i" and number of payments per year "n".…

Q: Identify and explain at least a 7 reasons to save and invest your money

A: Investment refers to the process where investor purchase some assets with the purpose of generating…

Q: how does crowdfunding work size of crowdfunding stages of crowdfunding.

A: Crowdfunding is the process of financing a startup company by large number of individuals investors…

Q: . _________ is the precursor of the inclusive schools movement a.…

A: Given: To find the correct option as,

Q: As a result of an accident due to faulty equipment at a shopping mall, Leslie is permanently…

A: The payments in an insurance contract are made through various methods to the insurer, some are…

Q: Realizing that providing for a comfortable retirement is up to them, Jim and Julie commit to making…

A:

Q: how did you

A: Contribution margin is the amount of sales revenue that remains for a product or service after its…

Q: Your grandmother left you an inheritance in the form of a trust. The trust agreement states that you…

A: Present value:Present value refers to the concept in finance and economics that calculates the…

Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.