Garfield makes a wholesale purchase of 1,200 pairs of running shoes at a cost of $25 per pair, but the shoes arrive broken. Who wins the lawsuit is stated below.
Who is the winner here?Garfield prevails in this instance of broken shoes because the wholesaler initially agreed to exchange them but afterwards refused, breaking the terms of the agreement.
What exactly was the deal?An agreement is a sign of two or more people's consent to one another. It occurs through an offer and an acceptance and represents a coming together of the minds with a shared goal. Garfield decides to accept the shoes "as-is" in exchange for a 15% discount from the wholesaler after getting a few of the damaged shoes, and Garfield swiftly pays the discounted sum.
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Which of the following is false about the different capital budgeting analysis methods? Companies often use more than one capital budgeting method to determine which capital investment to make. The Internal Rate of Return (RR) is the specific rate of return of an investment, considering the time value of money, The capital budgeting analysis methods that consider the time value of money are generally considered inferior to the methods that do not A significant criticism of the Payback period analysis method is that it ignores profitability,
It is false about the different capital budgeting analysis methods is:
The capital budgeting analysis methods that consider the time value of money are generally considered inferior to the methods that do not.
The correct option is (c).
Now, According to the question:
What is Capital Budgeting?
Capital Budgeting is defined as the process by which a business determines which fixed asset purchases or project investments are acceptable and which are not. Using this approach, each proposed investment is given a quantitative analysis, allowing rational judgment to be made by the business owners.
Hence, The capital budgeting analysis methods that consider the time value of money are generally considered inferior to the methods that do not.
The correct option is (c).
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The question is like this:
Which of the following is false about the different capital budgeting analysis methods?
a) Companies often use more than one capital budgeting method to determine which capital investment to make.
b) The Internal Rate of Return (RR) is the specific rate of return of an investment, considering the time value of money.
c) The capital budgeting analysis methods that consider the time value of money are generally considered inferior to the methods that do not.
d) A significant criticism of the Payback period analysis method is that it ignores profitability.
steady advances in technological development will result in which of the following? responses the long-run aggregate supply curve will shift to the right, resulting in a lower full employment level of output. the long-run aggregate supply curve will shift to the right, resulting in a lower full employment level of output., the long-run aggregate supply curve will shift to the left, resulting in a higher natural unemployment rate. the long-run aggregate supply curve will shift to the left, resulting in a higher natural unemployment rate., the long-run aggregate supply curve will shift to the right, resulting in a higher full employment level of output. the long-run aggregate supply curve will shift to the right, resulting in a higher full employment level of output. the short-run aggregate supply curve will shift to the left, resulting in a lower price level and a higher full employment level of output. the short-run aggregate supply curve will shift to the left, resulting in a lower price level and a higher full employment level of output. the short-run aggregate supply curve will shift to the right, resulting in a higher price level and a higher natural rate of unemployment.
Steady advances in technological development will result in The long-run aggregate supply curve will shift to the right, resulting in economic growth and natural unemployment rate.
What is technical development?Technical development can be described as the use of highly efficient technical means so as to support and help the mental labor and increase productivity.
It should be noted that the Technical development can be a way of monitoring and control machines, data-processing equipment, and computer to optimize planning and management, hopwever in The long-run aggregate supply curve will shift to the right as a result of the technological development which will bring abouyt the economic growth and natural unemployment rate.
In conclusion, Technological change or technological development can be regarded as the process of invention as well as , innovation and diffusion.
Therefore, option C is correct.
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as a percentage, by how much will galoshes r' us change their use of labor if wages fall by 23.4#.4% ? enter a negative percentage if the firm will decrease the amount of labor that they hire.
Galoshes increase their labor by 85.8% if there is a decrease in 37.4% in wages using elasticity of labor.
Elasticity of labor is defined as the percentage change in demand for labor to percentage change in demand for labor to percentage change in wage rate.
Elasticity of labor= % demand of labor/% change in wage rate
Let % wage decrease be x
Δ demand for labor =L
i) Galorhes R = ΔL/-Δx = -2.3
ii) Emerson R = ΔL/-ΔX= -3.2
III) Wayne= ΔL/-ΔX= 1.7
iv) Bull stearns = ΔL/-Δx= 4.6
Therefore, emerson,lake and palmer increases the amounts
Hence 2nd option
2) Galorhes R= ΔL--37.3=-2.3
= 37.3× 2.3
= 85.79%
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to pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute.
a) true
b) false
"To pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute." False Option B
What is social insurance?Generally, The term "social insurance" refers to a public insurance program that is designed to protect individuals against a variety of financial hazards (such as a loss of income due to illness, old age, or unemployment) and in which membership is mandated for all individuals.
The provision of protection against the adverse effects of economic uncertainty is the primary function of social insurance as a kind of social welfare. The insurance could be supplied by the government, or it might be subsidized by private insurance companies.
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The biden administration announced on wednesday that it would give three native tribes a total of $75 million to do what?
Answer:
move tribal homes and vital buildings and facilities out of area threatened by flooding, erosion, and other hazards
approximately how long does it take for a pharmaceutical company in the united states to bring a newly identified chemical compound to market?
It take six to seven years for a pharmaceutical company in the united states to bring a newly identified chemical compound to market.
What is market?In economics, a market is a system, institution, process, social relationship, or infrastructure configuration through which parties exchange information. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services to buyers in exchange for money. Market is defined as the totality of all buyers and sellers in the region or region under consideration. A region can be a globe, country, region, state, or city. The value, cost and price of products are governed the forces of supply and demand in the market. A marketplace is a place where buyers and sellers meet to facilitate the exchange or trade of goods and services. A market can be physical, like a retail store, and virtual, like e-merchant.To learn more about market from the given link :
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find the monthly payment for the loan. (round your answer to the nearest cent.) $700 loan for 12 months at 15%
your monthly payment for the loan would be $700 (12 x 0.15)= 1260.
A loan is the lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities. The recipient incurs a debt and is often responsible for both the principal amount borrowed as well as interest payments until the debt is repaid. The paperwork proving the debt will often include information such as the principal sum borrowed, the interest rate levied by the lender, and the due date. The subject asset is temporarily reallocated between the lender and the borrower as part of a loan. The payment of interest encourages the lender to make the loan. Each of these commitments and limitations is upheld in a formal loan.
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investigating significant variances from a budget to assign responsibility is an example of management by exception.A. TrueB. False
Investigating significant variances from a budget to assign responsibility is an example of management by exception is true.
What is management by exception?
A common working technique in the finance and business sectors is management by exception. Employees are free to consult their bosses exclusively about specific difficulties thanks to this technique. For instance, a worker who keeps track of the budget for the company might only need to get in touch with their management if the account is below a certain threshold. Management by exception is the technique of looking at a company's financial and operational performance and only bringing problems to management's notice if results show significant deviations from the planned or anticipated amount.
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what is one way that gross domestic product differs from gross national product?
GDP includes both goods and services produced for market sale and some nonmarket production, such as government-provided defense and education services.
An alternative concept, known as gross national product, or GNP, takes into account all of a nation's output.
What distinguishes the gross domestic product from the national product?GDP is a measure of the goods and services produced within the country's borders by Americans and people from other countries. GNP estimates the labor and products delivered by just U.S. inhabitants, both locally and abroad.
What is the difference between the US GNP and the US GDP?The total value of final goods and services produced annually by a nation's citizens, including profits from capital held abroad, is referred to as the Gross National Product (GNP). The annual value of all final goods and services produced within a nation's borders is known as GDP.
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question content area a characteristic of a fixed asset is that it is a.held for sale in the ordinary course of the business b.used in the operations of a business c.a short-term investment d.intangible
A characteristic of a fixed asset is that it is b.used in the operations of a business.
A fixed asset does now not simply should be "fixed," in that it cannot be moved. Many constant assets are transportable enough to be routinely shifted within a company's premises, or completely off the premises. consequently, a computer could be taken into consideration as a hard and fast asset (so long as its value exceeds the capitalization restriction).
The time period constant asset refers to a protracted-time period tangible piece of assets or equipment that a firm owns and makes use of in its operations to generate income. the general assumption approximately fixed assets is that they're predicted to ultimately, be consumed, or be converted into cash after at the least 365 days.
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Measured by the project's impact on uncertainty regarding the firm's future returns
Company risk is measured by the project's effect on uncertainty about the firm's future cash flows. Analysts often use the standard deviation of the expected returns from a firm's existing portfolio of investments.
What does corporate mean?Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater. Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company. An organization called a corporation is one whose shareholders choose a board of directors to manage its operations. The corporation, not the shareholders, is responsible for the operations and financial health of the company.
Examples of corporations are Apple Inc., Walmart Inc., and Microsoft Corporation. Shareholders are the legal owners of a corporation, and their stock or shares in the company reflect their stake in it.
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what does social media help to do? build loyalty b) give brand feedback c) build a database of loyal users d) all of the choices are correct
Social media facilitates brand input.
Social media are interactive media platforms that facilitate the creation and dissemination of material, such as knowledge, ideas, interests, and other forms of expression, through online communities and networks. Despite difficulties in defining social media due to the range of standalone and integrated social media services currently offered, there are certain common characteristics: Social media are Web 2.0 Internet-based interactive apps. The lifeblood of social media is user-generated content, which includes written postings or comments, digital photographs or videos, and statistics from all online interactions. For the website or app, users build service-specific profiles that are created and maintained by the social media company. By linking a user's profile with those of other people or groups, social media aids in the growth of online social networks.
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the less correlated the securities in a portfolio, group of answer choices the higher the diversifiable risk. the higher the portfolio risk. the lower the portfolio risk. the lower the unsystematic risk.
The less correlated the securities in a portfolio, a) the lower the portfolio risk.
Securities are fungible and tradable monetary contraptions used to elevate capital in public and personal markets. There are basically three sorts of securities: fairness—which offers possession rights to holders; debt—basically loans repaid with periodic bills; and hybrids—which combine factors of debt and equity.
A safety, in a monetary context, is a certificate or different economic device that has financial value and can be traded. Securities are normally labeled as both equity securities, which includes shares and debt securities, together with bonds and debentures.
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1- If a company's operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable. True or false?
2- If the acid-test ratio is less than one, then paying off some current liabilities with cash will increase the acid-test (quick) ratio. True or false?
If a company's operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable is a False statement.
If the acid-test ratio is less than one, then paying off some current liabilities with cash will increase the acid-test (quick) ratio is a false statement.
When an organization's operational cycle is significantly longer than its typical supplier payment time, it becomes necessary to borrow money to finance its inventories and accounts receivable.
What is operating cycleThe time it takes for a business to purchase items, sell them, and get payment for those sales is referred to as an operating cycle. To put it another way, it indicates how long it takes a business to convert its inventories into cash.
The industry will determine how long this operating cycle will be. By providing a sense of whether or not it will be able to pay off any creditors, an understanding of a company's operating cycle will help establish its financial health.
For instance, a short operating cycle for the company means that payments will come in steadily. The more quickly the business generates income, the better off it will be in terms of clearing any outstanding obligations or
When the acid-test ratio is less than one, the purchase of inventory with cash affect each ratio by No change to the current ratio and decrease the acid-test ratio.
What do acid-test ratio and current ratio mean?While the acid-test ratio is computed as current assets plus inventories divided by current liabilities, the current ratio is equal to current assets minus current liabilities.
Both the current ratio and the acid-quick ratio are crucial for a corporation since they help assess a company's capacity to settle its short-term obligations.
Inconlusion While the acid-test ratio should be reduced, the current ratio should remain constant.
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Accurate and timely information is the foundation of effective marketing, especially of the marketing concept.a. Trueb. False
Accurate and timely information is the foundation of effective marketing, especially of the marketing concept. This statement is true.
The marketing concept means whenever a company plans and implements to maximize profit by boosting sales, meeting customers' needs, and surpassing competitors. The goal is to devise a situation that serves both parties; the customer and the company. To fully understand the marketing concept, we need to understand needs, wants, and demands.
The idea behind the marketing concept is to predict and satisfy the needs and wants of customers better than the competitors.
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in delegated proof-of-stake, what action do stakeholders perform? group of answer choices stakeholders elect block producers stakeholders elect block proposers. stakeholders are block producers. stakeholders are block proposers.
The block's creation process.
According to their personal domestically branch decision algorithm, the blocks promisor is required to announce a signature lighthouse blocks that develops on base of the latest recently leader of the block chain.
The fork decision method identifies the block with the highest cumulative weight of attestations across its existence after applying any pending assurance left remaining from the preceding slot. This block serves as the individual of the newly proposed block.
BLOCKWISE REWARDS
The block proposer is compensated for their efforts. Based on the quantity of consensus mechanism that are actually ongoing and respective good share, a base reward is determined.
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if the working age population was 280 million of the 350 million people living in the united states and the labor force was 250 million with an unemployment rate of 6%, the number of employed workers would be
The number of employed workers would be 235 million.
This calculation can be derived by subtracting the unemployment rate of 6% (or 15 million people) from the labour force of 250 million people.
To calculate this:
= 250 - (6% of 250 )
= 235 million
Therefore, the number of employed workers is 235 million.
Percentage expresses a proportion as a fraction of 100. It is often denoted using the percent sign, “%”, or the abbreviation “pct.”
For example, 45% (read as “forty-five percent”) is equal to 45/100 or 0.45.
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Answer:
235 million people
Explanation:
(x/250)*100=6 x=15 million unemploy 250-15=235
a decrease in the federal funds rate is an indication that monetary policy is expansionary. group startstrue or false
A reduction in the federal funds rate indicates that monetary policy is expansionary.
What exactly do you mean by federal funds, and their functions?Federal funds, also known as fed funds, are excess reserves deposited by commercial banks and other financial institutions at regional Federal Reserve banks; these funds can then be lent to other market participants who do not have enough cash on hand to meet their lending and reserve needs. The loans are unsecured and have a relatively low interest rate, known as the federal funds rate.
The functions are as follows:
Federal funds are excess reserves held by financial institutions that exceed the central bank's mandated reserve requirements.Banks will borrow or lend their excess funds to one another on an overnight basis, as some banks have too many reserves and others have too few.To learn more about federal funds refer to:
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use the following data from mayonnaise manufacturing co. to identify the revenues from sales of finished goods for the year.
The information presented does not permit the determination of revenues from sales of finished items for the year.
Revenue, which is determined by multiplying the average sales price by the number of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.
The raw material account contains information about the raw materials used, while the manufacturing overhead account contains information about the manufacturing overhead incurred.
The work-in-process inventory account can be used to compute the cost of manufactured goods.
The finished goods inventory account can be used to determine the cost of goods sold.
Therefore, the ability to calculate sales revenue is not supported by the information provided.
COMPLETE QUESTION:
Use the following data from Mayonnaise Manufacturing Co. to identify the revenues from sales of finished goods for the year. Manufacturing Raw Materials WIP Invent Cost of Goods Sold 10,010 125,000 120,000 150,000 130,000 150,010 30,000 60,000 35,000 - 110.000 130.000 0 $150,000 0 $150,000 0 $25,000 0 $130,000 0 Cannot be determined from the information provided
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finding an apartment reading quiz question 4 of 10: you have been living in your apartment for 6 months on a one-year lease agreement. today you received notice that your rent will be increased by $50 starting the first of next month. are you obligated to pay the new rental price next month?
I am not obligated to pay the increased rent or the new rental price from the next month as I am already under one-year lease agreement and pay the rent as per the terms of the agreement.
What is a lease?A lease is a contract that outlines a landlord's and tenant's rights and responsibilities when the tenant rents residential or commercial property from the landlord.
A Residential Lease Agreement is a lease that is specific to residential rental properties and spells out the terms and conditions of the tenancy, including the landlord's and tenant's rights and obligations. It can be used to rent apartments, houses, condos, duplexes, townhouses, and other properties.
Therefore, I am not obligated to pay the new rental price next month.
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which statement is most accurate in describing the current trend in manufacturing in the united states? multiple choice the united states is expected to become a manufacturing-based economy. traditional manufacturing techniques have proved to be the most efficient and effective. the number of people working in manufacturing continues to fall. foreign competition has not affected u.s. manufacturers.
The number of manufacturing employment in the US has dramatically decreased.
The definition of additive manufacturing The method of producing an object layer by layer is known as additive manufacturing. It is the reverse of subtractive manufacturing, which involves removing small amounts of a solid block of material at a time until the finished item is produced.
Are managers using this technique for ongoing monitoring?To ensure that quality is ingrained in the product from the beginning, managers employ statistical quality control (SQC) to continuously monitor all stages of the production process. Workarounds and efficient internal communication are required in the event of supply chain disruptions.
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according to federal labor laws, which of the following employer acts is absolutely prohibited during an organizing campaign? a. expressing views about the disadvantages of unions b. stressing the favorable employee-employer relationship in the past without a union c. presenting unfavorable publicity the organizing union has received concerning corruption d. threatening employees with the loss of their jobs if they vote to unionize
Threatening employees with the loss of their jobs if they vote to unionize.
What cannot employers do while a union is being formed?
Supervisors and managers are not allowed to coercively interrogate you about your union involvement or the union activity of your coworkers, spy on you (or give the impression that they are doing so), threaten you, or bribe you. These actions are not grounds for dismissal, reprimand, demotion, or other type of punishment.
The Taft-Hartley Act expressly forbids which of the following?
The Taft-Hartley Act outlawed jurisdictional, wildcat, solidarity, and political strikes, as well as secondary boycotts, secondary and mass picketing, closed workplaces, and financial contributions by unions to federal political campaigns.
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in a company where units are given autonomy to work independently, but are now asked to work together, the units may become territorial and refuse to share ideas for fear of being eliminated. this functional structure will produce which drawback? slf-cannibalization inability to support cost competency cascading effect of errors redundancy across units low levels of centralization
Functional structure will produce drawback such as cascading effect of errors (C) that lead the nits to become territorial and refuse to share ideas across units.
Functional structure is an organizational structure where a company divides its employees based on their specialization and capabilities. Functional structure is effective for some companies with large volume of standardized produc or service sales, large fixed asset base, and minimal changes in technology.
However, functional structure also have many disadvantages. They are:
Weakening of common bondsLack of coordinationTerritorial disputesSegregationUnhealthy working competitionFunctional structure makes units become relatively isolated from each other. This structure will make the commond bond that emphasizes a single overarching organizational purpose is weaker than in an organization with high cross-unit interactions. Functional structure makes having and understanding a common organizational purpose to be hard to execute.
The lack of coordination happens because of lack of communication and the isolated groups structure across the organization. Many units leaders may become uncare with other units difficulties and limitations. They become not respond helpfully or in a timely way because they don't feel that others' difficulties are part of their problems. By the time the need for cooperation has been established, the moment when cooperation would have been most effective may already have passed.
Territoril disputes may happen when any disagreement over goals, budgets, or any other issues came up from a clash of egos when each department has its own separate functional structure or a strong sense of common purpose is lacking. Each units fears of being eliminated if they fail to achieve their units target and underperfomed.
Segregation happens because the isolated group structure means that teams become siloed. Employees in different teams do not get the oppotunity to meet and share perspectives. This condition could be harmful for the business in the long run because of the limitation of perspectives.
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What is a client benefit of partnering with Accenture's intelligent platform services IPS )? Mcq?
The wise intelligent platform services (IPMI) is a set of laptop interface specifications for an self sufficient laptop subsystem that gives management and monitoring skills independently of the host device's CPU, firmware (BIOS or UEFI) and operating machine.
Our intention is to accelerate your direction to value by means of bringing together intelligent platforms & human ingenuity and increase your human beings's capability to force superb change. We try this by means of: growing tangible fee via real competencies. producing new cost by using unleashing the strength of statistics & technology.
Wise Platform control Interface (IPMI) is a standardized message-primarily based hardware control interface. on the core of the IPMI is a hardware chip this is known as the Baseboard control Controller (BMC), or control Controller (MC).
Accenture's clever Platform services (IPS) whilst our customers are figuring out to associate with a offerings organization: Accenture will help its customer through enforcing a machine with a purpose to find operational efficiency and opportunities for development whilst maximising current assets.
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the expected rates of return for the different types of capital used to finance the business.
The expected rates of return for the different types of capital used to finance the business Debt financing.
The target capital structure is the desired most advantageous mix of debt and fairness financing that maximum corporations attempt to obtain and keep. The fee of capital is the fee of return a company need to earn on investments in order to increase the firm's price.
"The price of capital is the fee of go back a firm have to earn on its investments for the marketplace cost of the company to stay unchanged. it can additionally be thought of as the fee of go back required by the market providers of capital a good way to entice needed financing at a reasonal.
Risk and return in economic management is the risk associated with a sure investment and its returns. typically, excessive-threat investments yield higher monetary returns, and coffee-hazard investments yield decrease returns. that is, the threat of a particular funding is at once related to the returns earned from it.
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Defined by Miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a _________.
A. strategy
B. goal
C. system
D. independence
Defined by Miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a independence. Correct answer: letter D.
The independence of a subunit is defined by Miles as a requirement for the activities of the subunit to be free from the influence of other subunits. This means that the subunit must be able to make decisions and carry out activities without interference from other subunits. This enables the subunits to work independently and allows them to pursue their own objectives without interference or influence from other subunits.
The Benefits of Independence for Subunits in OrganizationsOrganizations rely on their subunits for a variety of tasks, such as sales, marketing, and production. This independence can bring a number of benefits to an organization:
First, having independent subunits allows an organization to be more agile and responsive to changes in the environment. When a subunit is able to make decisions on its own, it can quickly respond to changes in the market or customer demands without consulting other subunits. This increases an organization’s ability to be competitive and to capitalize on opportunities.Second, having independent subunits can help to reduce conflict between the various subunits. When a subunit has autonomy and is able to make decisions without consulting other subunits, it is less likely to experience conflict with other subunits because they are not competing for resources or influence. Finally, allowing subunits to operate independently can help to foster creativity and innovation.Learn more about Independence for Subunits in Organizations:
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patents are granted to inventors of a product or process for a certain number of years. the reason for this is to encourage innovation in the economy. without the existence of patents, it is argued, research and development for improved pharmaceutical products is unlikely to take place, since there’s nothing preventing another firm from stealing the idea, copying the product, and producing it without incurring the development costs.
Barriers to Entry are Government-Created Monopolies.
A monopoly, as described by way of Irving Fisher, is a marketplace with the "absence of opposition", creating a state of affairs wherein a specific man or woman, or company is the handiest dealer of a selected aspect. In a natural monopoly, a producer controls the marketplace due to the fact it can meet the needs of all clients.
herbal monopoly: exists due to the excessive begin-up expenses or effective economies of scale of accomplishing an enterprise in a selected industry. A producer is probably the only issuer or services or products in an enterprise or geographic area.
authorities monopoly: A compelled form of market domination wherein a national, nearby or local management, organization or corporation is the only issuer of a specific true or service and opposition is prohibited by way of regulation. a government monopoly is normally created and run with the aid of a central authority, as opposed to by a non-public business.
technological monopoly, a producer controls production strategies important to supply a positive product, or has exceptional rights over the generation used to manufacture it.
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true or false: the higher priced your menu concept is, the more spacious and comfortable your restaurant seating should be.
It's true that the more expensive your menu idea is, the more roomy and comfortable the seating in your restaurant should be.
It's true that the more expensive your menu idea is, the more roomy and comfortable the seating in your restaurant should be. The interior design of a restaurant has a psychological effect on customers, causing them to order more or less and even affecting how long they stay in the restaurant, something that most people are unaware of. A restaurant's interior design includes options for seating, lighting, music, architecture, and more. Here is an aide on how you can impact your client's brain research involving inside plan in eateries and some splendid eatery inside thoughts that you can use at your outlet
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What is transitional inflation?
The term temporary inflation is used to describe temporary price increases and is not part of a long-term trend. The term has been used in the field of economics and academic research.
It will not be until 2021 that the term will enter the broader national discussion of economics. Transient inflation usually occurs when economies move from a sharp contraction in economic activity to a strong expansion. It is temporary as prices fall as supply catches up with demand. Most consider 'temporary', in the context of inflation, to mean that price increases will be short-lived, Powell said, but the Fed believes 'temporary' means inflation will not cause permanent damage for the economy.
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The statement says that you’ve triggered the Penalty APR so that it has now increased to 28.99%. What action triggered this?answer choices- You paid your last bill online in full by the due date.- You paid only the minimum payment by the due date.- You failed to pay the minimum payment by the due date.- You failed to pay your late payment fee.
According to the statement, you've triggered the Penalty APR. because -You paid only the minimum payment by the due date.
APRs on credit cards vary depending on the type of borrowing. The APR for purchases, or the interest you pay on accounts acquired from regular spending, is the most prevalent.
However, card issuers typically set separate APRs for cash advances and debt transfers as well. Because of this, it may be challenging to remember what interest rate you are now paying.
Your penalty APR, which rises in interest when a payment is late or returned, is one of the higher APRs you could see on your credit card agreement.
Select advises setting up automatic payments for at least the minimum amount owed, but it is ideal to pay the entire balance to completely avoid incurring interest. Consider applying for one of the credit cards listed below with no penalty APR if you have a history of skipping payments on your credit cards.
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