Jordan’s credit card has an apr of 10.59%, compounded monthly. he is required to make a minimum payment of 3.96% of his current balance every month. at the beginning of march, jordan had a balance of $628.16 on his credit card.

the following table shows his credit card purchases over the next few months. month cost ($)
-march 50.81
march 48.04
april 77.36
april 32.40
april 49.20
may 25.79
may 79.39
may 79.08

if jordan makes only the minimum monthly payments in march, april, and may, what will his balance be after he makes the minimum payment for may? (assume that interest is compounded before the monthly payment is made, and that the monthly payment is applied at the end of the month. round all dollar values to the nearest cent.)

a. $1,094.10 b. $988.97 c. $967.60 d. $1,070.23

Jen heard that the bank where she kept her money was going to close for good. jen said she wasn't worried

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.