Business, 12.07.2019 01:30 imgraciebaker

# Suppose jim spontaneously decides to treat all his friends to burgers and fries. he has already spent his excess cash from his paycheck, so he decides to put it on his credit card and pay for it later. the total cost for the meal for his group of friends including the tip is $135.47. his credit card has an interest rate of 24.99%. if he makes payments of $25 per month, how long would it take him to pay for that spontaneous purchase? how much would jim end up spending on this purchase? how much interest did he pay?

Answers: 2

Business, 22.06.2019 06:50

The reynolds corporation buys from its suppliers on terms of 2/11, net 60. reynolds has not been utilizing the discounts offered and has been taking 60 days to pay its bills. mr. duke, reynolds corporation vice president, has suggested that the company begin to take the discounts offered. duke proposes that the company borrow from its bank at a stated rate of 16 percent. the bank requires a 12 percent compensating balance on these loans. current account balances would not be available to meet any of this compensating balance requirement. a. calculate the cost of not taking a cash discount. (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. what is the effective rate of interest on the bank loan?

Answers: 2

Business, 22.06.2019 19:00

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

Answers: 1

Business, 22.06.2019 20:00

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

Answers: 1

Suppose jim spontaneously decides to treat all his friends to burgers and fries. he has already spen...

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