Answer:
AssetHope it helps.
Have a good day
I need help asapppppp!
1. What is the current balance that Joe Doe owes? $1270.54
2.What is the total amount that Joe charged for this billing cycle?
a. List the purchases that Joe made.
3. How much did Joe pay for his last payment?
4. Why was Joe charged $35 by the credit card company?
5. How much interest was Joe charged for this month?
6. What is the credit limit that Joe has for this credit card?
a. What is Joe’s available credit?
7. What is APR for purchases for this credit card?
8. What is the minimum payment amount that Joe must make?
9. When is the due date for Joe to make a payment?
10. Did Joe take a cash advance on this credit card?
11.Why did you think the federal government requires that financial institutions place a “Total Minimum Payment Warning” on all credit card statements?
Explanation:
1. $1270.54. This is evident since this was written at the bottom of the credit card statement.
2. $500. We find this under the row for payments.
Purchases made:
3/25 Groceries land: $1423/27 Book store: $334/1 Restaurant: $1254/19 Bob's Auto: $4253. $500
4. Because he made late payments and it comes with a $35 penalty fee as stated in the credit policy of the company.
5. $10.54.
6. $5,000 credit limit, and $3,729.46 is Joe's available credit line.
7. Purchases: 13.99%, Balance transfers: 13.99%, Cash Advances: 25.99.
8. $25.
9. 4/29/19.
10. No, because there is no cash advance charge on the statement.
11. In other to inform the card-holders about the financial burdens attached to paying only the minimum payment due.
process
of dividing a large market into smaller groups
Answer:
Market segmentation
Explanation:
Market segmentation, the process of dividing a larger market into smaller pieces based on one or more meaningful, shared characteristics, is a way of life for almost all marketers in both consumer and business-to-business markets.
can you please mark me 'Brainliest'? thanks
What is an index fund? Explain in your own words.
Answer:
An index fund is a mutual fund or exchange trade fund designed to follow certain present rules so that the fund can track a specified basket of underlying investments
PLZ HELP ME!!!!!!
Which statement about credit card interest rates is TRUE?
A.) The more money you spend on purchases, the higher your interest rate will be
B.) A high interest rate means you'll pay MORE money total
C.) A high interst rate means you'll pay LESS money total
D.) Most credit cards do not charge any interest rate
Answer:
I think its A?
Explanation:
Match each business model with the advantage it brings.
Answer:
1. Subscription.
2. Bait and Hook.
3. Cutting out the Middleman.
Explanation:
Some of the commonly used business models across the world include the following;
1. Subscription: steady revenue and predictable profits. It is a business model which typically involves customers paying a recurring fee or price (revenue) for the use of a particular product or service. These customers are usually charged either on a monthly or annual basis. An example is the subscription for paid cable tv by various customers.
2. Bait and Hook: attractive prices for basic product. It is also referred to as the razor and blade business model. Bait and Hook typically involves selling a product at a very low price so as to gain the attention of the buyer and selling a complementary product (refill) to the same buyer at a very high price. An example is a mobile phone (bait) and airtime plus data (hook).
3. Cutting out the Middleman: reduction in transaction costs and processing time. It typically involves the elimination of an intermediary (middleman) in the supply of goods and services to the end users or customers.
An example is the business to consumer (B2C) company such as Walmart, Uber, etc.
The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost of the ranchette is financed with a 30-year fixed-rate mortgage at 7.45%. What is the mortgage amount? *
Answer:
Missing word "and the cost of one point at the time of closing"
Down payment = $260,000*15%
Down payment = $260,000*0.15
Down payment = $39,000
Amount of mortgage = $260,000 - $39,000
Amount of mortgage = $221,000
Cost of 3 point at the time of closing = 3% of amount of mortgage
Cost of 3 point at the time of closing = 3% * $221,000
Cost of 3 point at the time of closing = $6,630