Some of the features of the alternative financial products are the following;
- The AFS was able to provide a microfinance form
- The AFS also provides services financially
- The AFS’ Services in their finance are from non-bank final institutions
If the typical balance on Lucy's credit card is $750 and the interest rate (APR) on her credit card is 16%, how much in interest would you expect Lucy to be charged in a typical month?
Lucy would be charged $10 interest in a typical month.
Further Explanation:
Annual Percentage Rate (APR): The annual percentage rate is the rate of the fee charged on the credit card. It remains the same even in the case of the failure in the credit card payment. The credit card that has the lowest APR should be preferred.
Calculate the interest for a typical month:
APR rate is calculated for an annual basis. The current APR rate is 16% annually. So, it should be divided by 12 months to calculate the interest for a typical month. The calculation of the interest is as follows:
[tex]\begin{gathered} {\text{Monthly Interest = }}\frac{{{\text{Total Annual Interest}}}}{{12}} \\ = {\text{ }}\frac{{\$ 120}}{{12}} \\ = {\text{ \$ 10 per month}} \\ \end{gathered}[/tex]
Thus, Lucy would be charged $10 interest in a typical month.
Working note:
Calculate the annual interest:
[tex]\begin{gathered} {\text{Total Annual Interest = Credit card balance }} \times {\text{ APR}} \\ {\text{ = \$ 750 }} \times {\text{ 16\% }} \\ {\text{ = \$ 120}} \\ \end{gathered}[/tex]
Thus, the annual interest is $120.
Learn more:
Learn more about the money owed to the credit card company
https://brainly.com/question/8750254
Learn more about the common credit card fee
https://brainly.com/question/1124275
Learn more about making on-time minimum payment of credit card
https://brainly.com/question/6453895
Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money & Banking
Keywords: Credit card balance, credit card, $750, interest rate, interest, APR, Annual percentage rate, expect, Lucy, charged, typical month, credit score, would, you, typical balance, expenses.
In an agile project, teams are given several requirements but only deal with one at a time, with each iteration being referred to as a __________.
The iteration that are each being referred is a sprint. A sprint is being defined as a time that is being set in which are done in order to meet the tasks that is needed to be made for it to be accepted or to complete them.
A ________ pricing strategy for an offering begins with an assessment of customer needs and perceptions. then a target price is set based on customer perceptions of worth.
a.cost-based
b.target costing
c.value-based
d.value-added
e.competition-based
A value-based pricing strategy for an offering begins with an assessment of customer needs and perceptions. Then a target price is set based on customer perceptions of worth.
What is value based pricing strategy?It is a pricing strategy used for goods and services in demand.
The price of the commodity is determined by how important the commodity or good is to the consumer.
Therefore, a value-based pricing strategy for an offering begins with an assessment of customer needs and perceptions. Then a target price is set based on customer perceptions of worth.
Learn more on pricing below
https://brainly.com/question/20947636
#SPJ6
Chet, a minor, signs a contract with porsha, an adult. the contract is
The ___________ goal is to support the development and testing of innovative healthcare payment and service delivery models.
The more ____ involved with delivering a service, the greater the degree of heterogeneity.
Walmart has decided to hire extra clerks during the holiday season. it is said to be ________.
How has the internet affected the way interest groups do grass-roots lobbying?
Answer:
The Internet is a low-cost way to connect members
Explanation:
Grad-point - 7 - Interest groups at Work - quiz
What is the opportunity cost of saving money to purchase a car?
A) the cost of working hard to save money
B) the money you could have earned at a job
C) the money could be used to go on vacation
D) the cost of insurance, gas, and maintenance
The answer is the money could be used to go on vacation
The correct option is C) the money could be used to go on vacation.
What is the opportunity cost of saving money?
The opportunity cost of saving is that saving leaves you with less money to use for buying goods and services today.
What is opportunity cost simple definition?
Opportunity cost is the profit lost when one alternative is selected over another. The concept is useful simply as a reminder to examine all reasonable alternatives before making a decision.
.
Learn more about opportunity cost here https://brainly.com/question/8846809
#SPJ2
Compare the demand for sugarsugar with demand for gasolinegasoline. the demand for sugarsugar is likely
A problem the group decision support system (gdss) intended to solve is:
Final answer:
The problem that the GDSS is intended to solve is coordination challenges in group decision-making.
Explanation:
The problem that the Group Decision Support System (GDSS) is intended to solve is coordination challenges in group decision-making. These challenges occur when group members generally agree on the goals but disagree about the specifics. GDSS provides a platform for everyone to participate in making decisions through voting or deliberative methods, reducing conformity costs but potentially increasing transaction costs.
What are the instruments used in quantitative research?
If the fixed cost of producing seven video games is $14, and the variable cost of producing seven video games is $12, how much is the total cost of producing seven video games? $21 $7 $26 $2
The total cost of producing seven video games is $26.
Further Explanation:
Fixed cost: The fixed cost is the cost that remains same even if the level of production changes.
Example of fixed cost: rent, wages, interest payment, and depreciation.
Variable cost: The variable cost is the cost that varies with the level of production.
Example of variable cost: raw material cost, labor costs, and utility costs.
Total Cost: Total cost refers to the cost incurred in producing a certain amount of goods. The total cost comprises of fixed cost and variable cost. The Formula for calculating total cost is:
Total cost (TC) = Fixed cost (FC) + Variable cost (VC)
Calculate the total cost of producing seven video games:
Total cost = Fixed cost + Variable cost of producing seven video games
= $14 +$12
=$26
Therefore, the total cost of producing seven video games is $26.
Learn more:
1. The span of control
Https://brainly.com/question/12986822
2. The percentage of sales method
Https://brainly.com/question/12960656
3. The sales budget
Https://brainly.com/question/12985585
Answer details:
Grade: High School
Subject: Business Studies
Chapter: Cost of production
Keywords: Total cost, fixed cost, the variable cost, producing seven video games, seven video games, level of production, Production cost, video games, cost of production, of producing, variable cost of producing, total cost of producing, VC, TC, FC.
The evolutionary process that selects variations in inherited characteristics that best suit an individual for survival and reproduction in a particular environment is known as:
Student achievement will be increased when _____. the teachers spend more time on providing essential supplies to students the teachers spend more time on helping the students improve their behavior the students spend more time on interacting with their classmates the students spend more time on learning their subjects
If a country has a rising middle class what does this social change mean for business?
A: there will be more people with discretionary income creating business opportunities.
B: A company should be very cautious about entering the market in case the progress does not last.
C: products generated within that country will have a strong advantage over those produced in other nations
D: The middle class will not have as much spending power as the rural regions of the country
There will be more people with discretionary income, creating business opportunities.
-Gradpoint
People who bring resources together to make a good or service ____
30 POINTS - Professional networking is important for strengthening your professional development. Discuss how reading, writing, and speaking abilities are vital to your professional networking skills.
Final answer:
Reading, writing, and speaking abilities are vital to professional networking skills as they enable you to stay informed, communicate effectively, and engage with others. These abilities enhance your professional development and help build meaningful connections within your industry.
Explanation:
Professional Networking and Reading, Writing, and Speaking Abilities:
Professional networking involves building relationships and making connections within your industry. It is essential for strengthening your professional development. Reading, writing, and speaking abilities play a vital role in effective professional networking:
Reading: Being able to read and comprehend industry-related articles, news, and resources helps you stay informed and engage in meaningful conversations. It helps you to understand the current trends, new ideas, and potential opportunities in your field of interest.
Writing: Strong writing skills allow you to communicate clearly and professionally through emails, social media, and other written correspondence. Writing well-crafted messages and professional emails helps you establish credibility and convey your thoughts effectively.
Speaking: Good speaking abilities enable you to confidently present yourself, share your ideas, and engage in conversations during networking events or professional gatherings. Effective verbal communication helps you connect with others, build relationships, and leave a lasting impression.
By honing your reading, writing, and speaking abilities, you can effectively network with professionals in your industry, share your expertise, and learn from others' experiences. These skills enhance your professional development, open doors for opportunities, and contribute to your overall success.
When preparing to move from a curb you should always check your fuel gauge?
Why are the data artifacts produced through data architecture management important?
Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment.
A _____ leader has a special ability to generate excitement and revitalize organizations
Shortly after recording street survivors, this group was involved in a fatal plane crash:
Daniel works hard this semester because he needs to pass all the courses to graduate in time. if he does not finish his degree this semester, his employer will probably lay him off and find someone else to do his job. this is one example of
Many innovative technology products are released as a(n) _____ test to allow usage and feedback from a small number of users who are willing to test the product under normal, everyday conditions of use.
When a law is passed that requires businesses to obtain permission from government officials in order to enter a market, this is an example of?
a(n) __________ shows the number of units the market will buy in a given time period at different prices.
Final answer:
A market demand schedule shows the quantity of a good consumers will buy at various prices, displaying an inverse relationship between price and quantity demanded.
Explanation:
A market demand schedule shows the number of units the market will buy in a given period at different prices. It is a table that presents a range of prices for a certain good or service and the quantity demanded at each price. This schedule indicates that there is typically an inverse relationship between price and quantity demanded, meaning that as the price of an item goes up, the quantity demanded tends to go down, and vice versa.
The graphical representation of a market demand schedule is known as the market demand curve. This curve is essential for businesses and economists as it helps them understand consumer behavior and price sensitivity. By analyzing the demand schedule and curve, producers can make informed decisions about pricing and production levels.
What is the first step in financial planning?
A.)maintaining a log of all your expenses
B.)understanding what you want
C.)preparing a balance sheet
D.)attaching a goal cost to every goal
E.)attaching a time frame to every goal
The first step in financial planning is to understand what you want. On the basis of this, you need to analyze your financial condition and make a decision in financial planning. Hence, Option B is the correct statement.
What do you mean by financial planning?Financial planning is a step-by-step way to meet personal goals. The financial plan serves as a guide as you travel through life. In fact, it helps you to manage your income, expenses, and investments so that you can manage your finances and achieve your goals
Thus, Option B is the correct statement.
Learn more about financial planning here:
https://brainly.com/question/12890843
#SPJ2
Answer:
B
Explanation:
Understanding what you want. This is correct because you can then go and work everything you need around it and figure out how to organize your life.
What should be the primary goal of a financial manager?
The manager is a key figure in all the companies. The main goal of a financial manager is to maximize the shareholder's wealth by effectively managing the company's financial resources. They are responsible for planning, budgeting, forecasting and controlling the firm's financial resources.
Explanation:The primary goal of a financial manager should be to maximize the shareholder's wealth and ensure the financial health of the organization. This can be achieved by successfully managing the company's financial resources, including investments, budgeting, and forecasting. The financial manager is responsible for planning, organizing, controlling, and monitoring the firm's financial resources to achieve the company's goal of wealth maximization and sustainability.
Learn more about Financial Manager here:https://brainly.com/question/32518499
#SPJ6
A financial manager's primary goal is to enhance shareholder value by managing finances, planning for growth, assessing risk, and making investment decisions, whilst also considering macroeconomic goals like economic growth, low unemployment, and low inflation.
Explanation:The primary goal of a financial manager is to maximize shareholder value and aid the company in achieving its overall objectives. This involves managing current finances, strategizing for future growth, analyzing risks, and making sound investment decisions. The financial manager should also focus on achieving long-term economic growth, ensuring low unemployment, and maintaining low inflation.
As a company matures, becoming more established and profitable, the financial manager's role can shift. Beyond just knowing the company's business plans, the financial manager must understand the larger economic picture, including elements such as bondholders and shareholders who invest in the company. Therefore, strong financial management can enable the company to secure the necessary financial capital.
Learn more about Financial Management here:https://brainly.com/question/32518499
#SPJ6
Duracell is well known for manufacturing and marketing batteries. recently they launched the duracell powermat, which is a wireless charger for mobile devices. which brand development strategy did duracell use in this example?
The brand development strategy that the Duracell use in the given example above is the brand extension. A brand extension is being used as a way of increasing the sales in a company or business of which they make or develop new products under their trademark or their brand name.
Duracell used the product extension brand development strategy.
Explanation:The brand development strategy that Duracell used in this example is product extension. Product extension is a strategy where a company introduces a new product or variation of an existing product under the same brand name. In this case, Duracell extended their brand from batteries to wireless chargers with the introduction of the Duracell Powermat.
Learn more about Brand development strategy here:https://brainly.com/question/33051771
#SPJ11