Sarah has decided that she never wants to go into debt. Therefore, she only uses her
debit card and cash for purchases. The store where she is planning to purchase a dining
room set charges a 15% annual interest rate for all store credit card purchases. If Sarah
saves up the cash and uses her debit card to purchase her new $1,200 dining room set,
how much will she have to pay in interest?

Answers

Answer 1

The amount that Sarah will have to pay as interest will be $180

Based on the information given, the following can be depicted:

Cost of dining room set = Principal = $1200

Interest rate = 15%

Time = 1 year

The simple interest will be calculated using the formula:

= PRT/100

= (1200 × 15 × 1) / 100

= 18000/100

= 180

Therefore, based on the calculations above, the interest that'll be paid by Sarah is $180.

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Related Questions

if a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the

Answers

Answer: manufacturer
I hope this helps

If a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the manufacturer.

What is the manufacturer?

A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to make more complicated products.

The economy is enunciated be significantly influenced by manufacturers. Manufacturing has a long history dating back to antiquity. The usual manufacturer, however, was a single skilled artisan with helpers for many centuries. Each craftsperson guarded the methods of production and only taught apprentices. Only manual processes might be used for production.

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Which of the following is NOT classified as a day-to-day or personal expense students may have?
O Car loan payments
O Laundry
O Cell phone bills
O Tuition

Answers

Answer:

Laundry

Explanation:Casually, it's not everyday that a student will have the need to pay to/use laundry machines/ products.

Answer:

laundry

Explanation:

you won't need to go and wash laundry every day, can even use a personal washing machine to do laundry

liabilities are generally classified on a balance sheet as

Answers

Liabilities are classified as Current Liability and Non-Current Liability on the Balance sheet.

Liability is an accounting term used to represent debts and obligations which the business owes to others.

Examples of Liability includes Wages payable, Supplies payable, Owed Loans, Notes payable, Income taxes payable, Mortgages payable etc

However, under the balance sheet, Liability are classified into two sections and includes the Current Liability and Non-Current Liability.

The Current liabilities are known as Short term liabilities because they are liabilities that are due and payable within one year.

The Non-current liabilities are known as Long-term liabilities because they are liabilities that are due after a year or more.

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beginning inventory is $20,000. purchases of inventory during the year are $100,000. ending inventory is $50,000. what is cost of goods sold?

Answers

Answer: $70,000

Explanation: Add ending + Beginning

The cost of goods sold as per the given data of inventories and purchases of inventory is $70,000 during the year.

What is inventory?

The products, resources, and equipment that a company keeps on hand in advance of selling them to customers for a profit are referred to as inventory. One can fulfill the needs of your clients and can save money by using inventory management.

The inventory that appears at the beginning of the year refers to as the beginning inventory whereas the inventory which remains at the end of the financial year in business is referred to as the ending inventory.

The calculation for the cost of goods sold

beginning inventory = $20,000

ending inventory  = $50,000

purchases of inventory =  $100,000

COGS = the starting inventory + purchases – ending inventory

           = (20,000+100,000)-50,000

           = 120,000- 50,000

           = 70,000

Therefore, the Cost of goods sold is  $70,000.

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Amelia has laid the groundwork for a fledgling business and is considering incorporating. Which of the following is a valid concern that she might have?(1 point) Please help!

Answers

Incorporated businesses are legally recognized outfits. A valid concern that Amelia will have when considering incorporating her business is;

C) The regulations will be more burdensome than in other business structures.

Incorporating a business entails making the business legally recognized. This would involve lots of paper works and rules.

Incorporated businesses can sue and be sued. Therefore, they must be careful in the decisions they make. This is not the case with non-incorporated businesses.

Unincorporated businesses include sole proprietorships and partnerships. They have more freedom and are not really legally liable.

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Here are the options:

A) Acquiring financing as a corporation will be much more challenging than it is for other business structures.

B) Incorporating comes with an increase in liability compared to other business structures.

C) The regulations will be more burdensome than in other business structures.

D) The corporation will only last as long as she is able to work

Answer:

The regulations will be more burdensome than in other business structures.

Explanation:

Using the amount of his current paycheck, Miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?
✅income risk
- interest rate risk
- personal risk
- inflation risk

Answers

The Inflation risk is the financial risk might affect Miguel in the future.

The financial risk are risk that pose the possibility of losing one's money on an investment or business venture.

Here, it is obvious Miguel financial goals and strategies may involve investment with his Current paycheck say $1,000,000.

If he invest in a Money market now which pays 10%, Inflation will cause the purchasing power of the amount e invested to reduce in the future.

Thus, the Inflation risk, also called purchasing power risk is the financial risk that might affect Miguel financial goals and strategies.

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to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.

Answers

When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage over others.

In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.

Competitive advantage of a firm entails an attribute which enables the company to outperform its competitors such as Increasing customer-base over other firms.

Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.

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When you start a new job, you receive a form that you use to prove that you are eligible to work in the U.S. What is this form?

Answers

I believe it's a Work Permit.

what is the cost allocation method called that is used for natural resources?

Answers

Answer:

The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.

which constraint does not allow someone to create an order for a nonexistent customer?

Answers

Answer:relational integrity constraint

Explanation:

Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?

Answers

A possible explanation for the disappearance of vocations in the past decade is advancement in technology.

With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.

 Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.

Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.

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Answer:

The low cost of foreign goods could cause manufacturing to be done overseas

how do you find your claimant id number for unemployment

Answers

Answer:

The Claimant ID can be found in the upper-right of the UI Finding letter, as well as other letters received from IDES. Fraud victims can use the information from a fraudulent UI Finding letter to report the case to IDES.

Explanation:

hope this helps you if it does please mark brainliest

Which statements best explains how globalization offers an advantage to businesses

Answers

Answer:

Hello here's the answer!

Explanation:

A

C

D

E

your welcome! Brainliest if you liked the answer!

Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then

Answers

The statement which includes one real benefit from shopping with a credit card is:

A. You may earn cash back, travel rewards, or other perks for each dollar you spend

A credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit

There are various benefits to using a credit card which include:

A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etc

Therefore, the correct answer is option A

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Jacqui decides to open her own business and earns $90,000 in accounting profit the first year. When deciding to open her own business, she withdrew $20,000 from her savings, which earned 3 percent interest. She also turned down three separate job offers with annual salaries of $30,000, $40,000, and $45,000. What is Jacqui's economic profit from running her own business

Answers

Jacqui's economic profit from running her own business is: $44,400

Using this formula

Economic profit =(Accounting costs - Implicit costs)

 

Where:  

Accounting profit = $90,000

Implicit costs=($20,000 x 3%) + $45,000

Let plug in the formula

Economic profit=$90,000-[($20,000 x 3%) + $45,000]

Economic profit=$90,000-($600+$45,000)

Economic profit=$90,000-$45,600

Economic profit=$44,400

Inconclusion Jacqui's economic profit from running her own business is: $44,400

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When you purchase something with a credit card, you
A
automatically improve your credit score
B
buy it now and promise to pay for it later
С
pay for it now but receive it later
D
decrease your debt

Answers

Answer:

(A) uhhh I think it's a

Explanation:

ok


В семье Богдановых 4 человека. Папа зарабатывает
в месяц 18 тыс. руб., мама – 13 тыс. руб. Дочь учится в
школе, дедушка ежемесячно получает пенсию в размере
15 тыс. руб. Богдановы живут в квартире, которая стоит
1 млн руб. (налоговая ставка – 0,1%). У них есть ещё одна
квартира, которую семья сдаёт за 12 тыс. руб. в месяц. Каковы ежегодные налоговые выплаты семьи Богдановых?

Answers

Answer:

Tiene 4 +3 +453 es lqefiq3rgoawenwf

What of the following forms the basis for a financial advantage when making a business decision?multiple choiceWhether opportunity costs are presentWhether irrelevant costs and benefits ariseWhether the dfferential benefits exceed the differential costsWhether alternatives exist

Answers

Answer: whether the differential benefits exceed the differential costs

Explanation:

Your job pays you $1600per month all taxes combined reduce your pay by 25% your current expenses are $1200 per month you want to join a health club for $75 per month can you afford it

Answers

Answer:

1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200

So after you take 25% of 1600 away from 1600, you're left with 1200

So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.

 

Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over

So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.

Explanation:

hi i needa gf im 16 im a kind loving caring person anyone 13 through 17

Answers

Hello, I’m a guy and imma tell you this, you really do need one if your on this site trying to get one. Not to be mean

Answer:

r u a dude, cuz if u are then no, thx.

Baby you’re too controllin’
Ima feed you too the wolves when
You get nasty, back at me
But baby don’t distract me
I’m a goner, I lost her
Like why the hell yhu wanna play me that way
You’re bad babe, You double-faced enternare
LiFe GoEs On AnD oN aNd On AnD oN AnD oN aNd

Answers

Tharpist can help you.

Explanation:

They specialize in mental health and illness care and treatment.

what is the most accurate description of person-organization fit?

Answers

Answer: a match between an individuals personality and values, and those of the organization

Explanation:

fob destination means that goods are owned by the buyer as soon as ______.

Answers

FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.

FOB Destination is an acronym for "Freight on Board" Destination

The FOB Destination is a marine term used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.

In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.

In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.

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the british economicst ______________ demonstrated in 1817 that even though one nation held an absolute advantage over another in the production of each of two different goods, international trade could still be a positive-sum game in which both countries benefit.

Answers

Answer:

David Ricardo

Explanation:

trevon, owner of a hotel in miami, is negotiating an executive lodging agreement with a major corporation that would keep his hotel at 70% occupancy at all times. to land the deal, trevon’s hotel needs lots of updates to its furnishings and amenities within the next six weeks. given the time constraints and the many decisions to be made, trevon will likely employ:

Answers

In order to make the right decisions that will ensure that his hotel is up to standard, Trevon should hire a Management Consultant.

The purpose of a management consultant is to:

Help a business make better decisions Improve efficiency Help with problem solving

Trevon needs an expert that is capable of making the best decisions to ensure that his hotel gets the necessary upgrades that it needs to appeal to the major corporation.

Management consultants will be able to do this as they are trained in helping companies become better. We can therefore conclude that Trevon needs a management consultant.

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Who made this website?

Answers

Answer:

Michal Borkowski, Tomasz Kraus, Lukasz Haluch

Explanation:

HELP ME
1. How has the job market changed?
2. Will computers/technology affect jobs? How? Or why not?
3. What does the future hold for your generation?

Answers

To answer you questions (2 & 3), technology will most likely take over our current jobs. Also, no one knows what the future will hold.

what are the two ways a company can translate its low-cost advantage over rivals into attractive profit performance?

Answers

1. Doing a better job than rivals by performing value chain activities more cost-effectively.

2. Revamping the overall value chain to eliminate or bypass cost-producing activities.

Hope it helps!

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What are the types of partnership and examples of each?

Answers

Answer:

here you go

Explanation:

Types of partnerships

General partnership. A general partnership is the most basic form of partnership. ...Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...Limited liability partnership. ...Limited liability limited partnership

employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

Answers

In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.

Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.

Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.

In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.

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Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 $ 40,500,000 1 62,500,000 2 15,500,000 a. If the company requires a return of 11 percent on its investments, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV $ b. Compute the IRRs for this project. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Enter the larger IRR in the first answer box and the smaller IRR in the second answer box. If you can only calculate one IRR, enter it in both boxes to receive partial credit. A negative answer should have a minus sign.) Internal rate of return % Internal rate of return % If 3.644 g (78.01 g/mol) is dissolved in 42.054 g of water and the temperature goesfrom 27.8C to 36.2C, what is the molar Hrxn (kJ/mol)? Assume the solution has s= 4.18 Hint: what is the mass of the entire solution?g.C In the school band, 8/24 of the members play the trumpet. In simplest form, what fraction of the band plays the trumpet? Please! Need help on this question Which of the following is the best example of a person doing something forbidden? During the Renaissance, there was a rebirth in____? Electrophilic substitution occurs Can governments punish people for hate speech? What types of speech have strong protection? What types of speech have less or no protection? Translate the phrase into an algebraic expression.Twice w EXPLAIN THE ANSWER AND I WILL GIVE BRAINLIEST: The measure of an angle is 67. What is the measure of its complementary angle? help I will mark brainliest Find the value of X if you understand this please answer How did the early events of World War II impact US isolationism and help pave the road to war? (Lesson 5.8) If America was involved in WWIII overseas, how do you think life at home would be different? What is the Mean , Median , Mode , Range for 9,6,7,5,3 All of the following are believed to be causes of extinction except____O A. human impact.O B. meteorite collision.O c. habitat destruction.O D. protective breeding programs. When traveling at a safe speed on an expressway, select a lane that allows others to __________ (1/6)^p = 36^3 x 6^18. What is the value of p? please help im kinda stressed right now.