In overall utilization ratio it takes all the credit limits and all the credit cards. For example, all the credit limits are $1000 + $750 = $1750. and the cards is $415 + $215 = $630.
To calculate for the credit utilization ratio we divide by the total credit limits on all cards then we multiply by 100. For example,
The first and second credit cards is $415 + $215 = $630.
The first and second limits is $1000 + $750 = $1750.
To get the percentage of the overall utilization ratio we get,
$630 / $ 1750 × 100 = 36%.
The credit utilization amount is $630, and credit utilization rate is 36%.
Further Explanation:
Credit utilization rate: Card utilization amount is the total amount of credit card balance. When the user of the credit card uses the funds from the credit card, then the funds used by the cardholder is known as credit card balance. Credit utilization is computed by dividing the credit card balance to the total credit limit.
[tex]{\text{Credit card utilization rate }} = {\text{ }}\dfrac{{{\text{Total credit card balance}}}}{{{\text{Total credit card limit}}}}[/tex]
Calculate the credit utilization rate:
[tex]\begin{gathered} {\text{Credit card utilization rate }} = {\text{ }}\dfrac{{{\text{Total credit card balance}}}}{{{\text{Total credit card limit}}}} \\ = {\text{ }}\dfrac{{{\text{\$ 630}}}}{{{\text{\$ 1,750}}}} \\ = {\text{ 36\% }} \\ \end{gathered}[/tex]
Thus, the credit utilization amount is $630, and credit utilization rate is 36%.
Working note:
Calculate the total credit card balance:
[tex]\begin{gathered} {\text{Total credit card balance }} = {\text{ }}\left( \begin{gathered} {\text{Credit card balance (Credit card 1) }} \\ + {\text{ Credit card balance (Credit card 2)}} \\ \end{gathered} \right) \\ = {\text{ \$ 415 }} + {\text{\$ 215}} \\ = {\text{ \$ 630}} \\ \end{gathered}[/tex]
Calculate the total credit limit:
[tex]\begin{gathered} {\text{Total credit card limit }} = {\text{ Credit card limit (1) }} + {\text{ Credit card limit (2)}} \\ = {\text{ \$ 1,000 }} + {\text{ \$ 750}} \\ = {\text{ \$ 1,750}} \\ \end{gathered}[/tex]
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Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money and Banking
Keywords: Credit card, balance, credit limit, second, credit card utilization, credit utilization, credit utilization rate, supposes, two credit cards, credit card balance, first, second.
________ refers to the fact that consumers believe the more people who purchase a brand, the higher the brand's quality and that consumers believe global brands develop new products and technologies faster than local brands.
Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125. in this case, the marginal benefit of watching the 3rd game is:
Final answer:
The marginal benefit of watching the 3rd baseball game is 5.
Explanation:
The marginal benefit of watching the 3rd baseball game can be calculated by observing the change in total benefit as the number of games watched increases. In this case:
Watching 1 game gives a total benefit of 100.
Watching 2 games gives a total benefit of 120.
Watching 3 games gives a total benefit of 125.
The marginal benefit of the 3rd game can be calculated as 125 (benefit of 3 games) - 120 (benefit of 2 games), which equals 5.
Which terms represent a vector quantity and its respective unit?
Vector quantities such as displacement, velocity, acceleration, and force include both magnitude and direction, and their units reflect the magnitude aspect, like Newtons for force. Scalars differ by having only magnitude and no direction.
Explanation:Vector Quantities and UnitsVector quantities like displacement, velocity, acceleration, and force represent more than just a size or magnitude; they also include direction. For example, the vector quantity for force is represented by the vector F, and its unit could be Newtons (N), which signifies the magnitude. The direction for vector F could then be given by an angle. Vectors are essential in fields such as physics and engineering because they describe phenomena that cannot be represented by magnitude alone, such as the direction of a force or the trajectory of a moving object.
In contrast to vector quantities, scalars only have a magnitude but no direction, such as temperature or distance. In mathematics, vectors are represented by arrows with a length proportional to the vector's magnitude and pointing in the direction of the vector, relative to a reference frame or a coordinate system.
Espinoza is sixteen, but looks much older. she purchases a diamond bracelet, but decides nine months later that it was unwise to spend the money, so she:
When qualifying a buyer the lender will calculate the debt coverage ratio, which measures?
What does "residual risk" mean in the rm process?
C. explain the court's guidelines for deciding discrimination cases.
Understanding the _____ begins with analysis of market share.
When you know a firearm's effective killing range, you can determine: which animals you can hunt which stance to use when shooting whether you are aiming at the target when a shot will give a clean kill?
When you know a firearm's effective killing range, you can determine whether a shot will give a clean kill.
The effective killing range refers to the distance at which a firearm can reliably and ethically take down an animal with a clean and humane shot.
Understanding the effective killing range allows you to assess whether the distance to your target falls within the range where your firearm is accurate and powerful enough to deliver a lethal shot.
By knowing the effective killing range, you can make informed decisions about which animals you can hunt ethically.
Different firearms and ammunition have varying effective ranges, and it is essential to match the capabilities of your firearm to the size and distance of the game you are pursuing.
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Examples of fiscal policy that increase aggregate demand include ______.
Final answer:
Fiscal policies that boost aggregate demand typically involve reduced taxes and increased government spending as part of an expansionary fiscal approach, which is particularly effective during recessions to stimulate economic activity.
Explanation:
Examples of fiscal policy that increase aggregate demand include measures that involve expansionary fiscal policy. This means policies that result in increased government spending or decreased taxes, leading to higher demand in the economy. Notably, this can be achieved through:
Increase in consumption by reducing personal income taxes or payroll taxes, thereby increasing disposable income.
Increase in investment by cutting business taxes, which raises after-tax profits and encourages more spending on capital.
Government purchases of final goods and services, and higher federal grants to state and local governments, which elevates their spending on goods and services.
During times of recession, these policies are particularly relevant as they help stimulate economic activity and counter excessive unemployment by boosting aggregate demand. Conversely, contractionary fiscal policy includes reducing government spending or increasing taxes, and is often applied to cool down an overheated economy that is at risk of inflation.
Flexibility development guidelines indicate that the final position for each exercise should be held for
Unlike a product advertisement, an institutional advertisement may have __________ as an objective? select one:
a. reminding
b. damage control
c. coercing
d. persuading
e. informing
____ loans do not have to be repaid until after you graduate from college.
The liberal approach to economic development that prioritizes privatization, liberalization of trade and foreign direct investment, government deregulation in favor of open competition and broad tax reform is known as ________.
The amount you pay to use someone else's money is called
Why is it important to match case subjects and control subjects so closely in a case-control study?
Final answer:
Matching case subjects and control subjects closely in a case-control study is important to eliminate the effects of confounding variables.
Explanation:
In a case-control study, it is important to match case subjects and control subjects closely to eliminate the effects of confounding variables. Confounding variables are factors that could influence the outcome being studied, but are not the main focus of the study. By matching case and control subjects, researchers can ensure that the only significant difference between the two groups is the presence or absence of the trait being studied. This allows for a more accurate assessment of the association between the trait and the outcome.
For example, in the smoking and lung cancer study, Doll and Hill matched lung cancer patients (cases) with people without lung cancer (controls) who were similar in age, sex, and other characteristics. This matching process helps rule out other factors that could contribute to the development of lung cancer, such as age or gender.
Keywords: case-control study, confounding variables, matching, lung cancer, smoking
If your proprietary know-how of "green" processes is difficult to transfer to other firms, the most effective approach would be _______________. foreign direct investment or licensing licensing or exporting exporting or foreign direct investment
The most effective approach is to use a foreign direct investment. If the proprietary is having difficulty in transferring to other firms, it is best to invest in another country in which this may be able to provide business operations and assets that may be of benefit of the company.
It's easy to get discouraged on the job when things don't work out. True or not true?
An employee at falcon security is studying an analysis of data regarding the occurrence of problems and failures with its drones and cameras. based on the analysis, the employee may schedule maintenance on the equipment. falcon security is using the analysis for __________.
What is especially difficult when shooting high-definition video?
Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?
Bundling is expected to provide greater profits when the two bundled goods are: i. substitutes. ii. goods that have high fixed costs and low marginal costs. iii. very close complements.
Bundling is expected to provide great profits if the two bundled goods are;
· They are goods that has fixed cost that are high and has a marginal cost that are low
· They have complements which are close
- Bundling is considered to be a strategy in marketing that is responsible of having to join or put together products or services that produces them to be a single unit that are combined.
What is the opportunity cost in this scenario? Mikael has saved $4,000 for his trip to Brazil. He has calculated that his total transportation expenses will be $1,000. The hotel will cost him another $1,500. He will spend about $500 on food. He plans on spending the remaining $1,000 for sight seeing and buying souvenirs. While booking his plane ticket, he realizes that the price has gone up. His total transportation expenses will go up by $200. He realizes that he cannot cancel his hotel reservation. He also doesn't want to go cheap on food. Finally, he decides to give up visiting popular Ouro Preto during his stay in brazil. A) Transportation B)Hotel C)Food D)Sightseeing
Answer:
I think it is Sightseeing
Explain the difference between mandatory and discretionary spending? provide an example of each kind of spending"
Answer:
Medicare- net interest payment
Defense- discretionary spending
Debt- mandatory spending
Explanation:
Completed in Plato
The average number of children that a woman must bear to sustain the size of an existing population is
An adjusting entry is completed ________.
a. at the beginning of the accounting period
b. when accounts need to be balanced in the ledger
c. at the end of the accounting period
d. when the balance sheet is prepared
The weight of a candy bar in ounces is an example of
The weight of a candy bar in ounces is an example of quantitative data. Thus, option B is the correct option.
What are ounces?An ounce can be defined as a measurement of wet that is being taken to measure something or some quantity. It is usually used to match or tally liquid material. oz is the abbreviation that is generally used to denote the ounces.
A quantitative data can be defined as the process in which the data can be counted. It is mainly a thing that can be counted or measured.
In order to weigh the Candy in ounces the measurement is done in ounces to help what the weight of the candies will be in this option the quantity data is being used which is the numerical data regarding the weight of the candy. Therefore option B is the correct option.
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what does it mean for a credit to transfer
Answer:
this is an amount of payment in which an amount of money or credit is directly transfered to another account
Answer:
That each academic institution will accept the credit a student earns for the class.
Explanation:
The liquidity premium on a us treasury debt security is normally considered to be
Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected. this illustrates that overconfidence may be facilitated by: