Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?

Answers

Answer 1

The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).

Simple Interest

Given Data

Principal =  $4,500Interest = 22%Final Amount = $4,500*2 = $9,000

Equation:

t = (1/r)(A/P - 1)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 22%/100 = 0.22 per year,

then, solving our equation

t = (1/0.22)((9000/4500) - 1) = 4.55

t = 4.55 years

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Related Questions

Brady's Inflation Needle Co. reports accounts receivable of $100,000 in 2020 and $250,000 in 2021. Using horizontal analysis, what would be the percentage increase or decrease in accounts receivable

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Using horizontal analysis, what would be the percentage increase or decrease in accounts receivable is: 15% increase.

Percentage increase or decrease

Using this formula

Percentage increase or decrease =2021 Account receivable- 2020 Account receivable/ 2020 Account receivable

Let plug in the formula

Percentage increase or decrease=$250,000 ‐ $100,000/ $100,000

$100,000

Percentage increase or decrease= .15 x 100

Percentage increase or decrease = 15%

Therefore what would be the percentage increase or decrease in accounts receivable is: 15% increase.

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Assume a firm has earnings before depreciation and taxes of $200,000 and no depreciation. It is in a 25 percent tax bracket. a. Compute its cash flow. b. Assume it has $200,000 in depreciation. Recompute its cash flow. c. How large a cash flow benefit did the depreciation provide

Answers

If  the firm has earnings before depreciation and taxes of $200,000. The cash flow is: $150,000; $200,000 and cash flow benefit is $50,000.

Cash flow

a. Cash flow

Cash Flow= Earnings before depreciation and taxes×(1-Tax rate)

Cash Flow = $200,000×(1-0.25)

Cash Flow = $200,000×0.75

Cash Flow = $150,000

b. Cash flow

Earnings before taxes = EBIT - Depreciation

Earnings before taxes= $200,000 - $200,000

Earnings before taxes= $0

Cash flow = Earning after tax + Depreciation

Cash flow = $0 +$200,000

Cash flow= $200,000

c. Cash flow benefit

 Cash flow benefit= Depreciation expenses x tax rate

Cash flow benefit=$200,000 x 25%

Cash flow benefit =$50,000

Therefore the cash flow is: $150,000; $200,000 and cash flow benefit is $50,000.

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In 2017, European Union spending on US goods accounted for 19% of US exports, and US exports amounted to 12.3% of US GDP. What was the share of European Union spending on US goods relative to US GDP

Answers

The share of European Union spending on US goods relative to US GDP is 2.34%.

What is GDP?

GDP means the gross domestic product of a country in a year, month, etc.

GDP represents the total monetary value of goods and services produced in a country in a given period of time.

Data and Calculations:

Percentage of EU spending on US exports = 19%

Percentage of US exports to US GDP = 12.3%

Share of EU spending on US goods relative to US GDP = 2.34% (19% x 12.3%)

Thus, the share of European Union spending on US goods relative to US GDP is 2.34%.

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Please help
Write in complete sentences to explain what a budget is, how to make one, and how to balance it.

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A budget is a plan you make to decide how you spend your money.

To make a budget you must decide how much of your money you want to spend and how much of it you want to set aside. To balance a budget, keep track of all your expenses, payments, and income.

A large assortment of an item within a product line in a store is referred to as Group of answer choices width of product line. depth of product line. product span. breadth of product line.

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A large assortment of an item within a product line in a store is generally referred to as the: B. depth of product line.

What is the depth of product line?

The depth of product line can be defined as a large assortment of a particular item within a product line that is being sold in a store or business firm.

This ultimately implies that, a large assortment of an item within a product line in a store is generally referred to as the depth of product line such as different kinds of shoes.

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Online marketplaces where one consumer sells to another consumer are called.

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Answer: It's called a C2C market (consumer -to- consumer)

EX: Ebay, Craiglist, Etsy, etc.

state any five occupations in public service sector ?

Answers

Answer:

Government Education Health care Protective services (police officer, firefighter,etc.)Communty services (social workers, disability services workers, etc.)

_____ is a broad set of communication activities used to create and maintain favorable relations between the organization and its public.

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"Public Relation" is a broad set of communication activities used to create and maintain favorable relations between the organization and its public.

What do you mean by Public Relation?

Public relations are the activities that an organization engages in to promote its image in the eyes of the public.

It involves deliberate actions that create good relationships between the public and the organization. Public relations is all about creating a good reputation for the company.Public relations is done through unpaid media messages.

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Please help
Write two sentences to explain how taxes support the economy

Answers

taxes support the economy in several ways, one of them they give money to the government to help with funds. Taxes provide revenue in the form of public services for the economy.
Tax cuts boost demand by increasing disposable income and by encouraging businesses to hire and invest more. Tax increases do the reverse.

In general, when market expectations indicate a non-credible peg, or when the costs of the peg are not greater than the benefits of pegging, what will be the equilibrium situation

Answers

When market expectations indicate a noncredible peg, the equilibrium situation will depreciate. to peg.

What is equilibrium in economics?

Equilibrium is a condition where there is balance in economic forces.

The reason why equilibrium situation will depreciate in the given case is because the benefits from the peg is now lower than the cost.

Therefore, equilibrium will either shift right or left to annul changes in economy.

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During the current year, Sokowski Manufacturing earned income of $316,910 from total sales of $4,730,000 and average capital assets of $11,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. Fill in the blank 1 times B. Assume sales margin is 6. 7%, what is the total ROI for the company during the current year

Answers

Maybe we could get some sleep

In adaptive leadership, leaders and followers mutually affect each other, making leadership a complex interactive process. This is ______

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The ability of leaders and followers to mutually affect each other shows the strength of adaptive leadership.

What is adaptive leadership?

Adaptive leadership assists individuals and institutions in adapting and thriving in the face of adversity, as well as preparing them to confront the process of transformation.

Adaptive leadership is a realistic method of corporate problem solving that guides leaders in recognizing and focusing on the critical components of a business operation.

The Adaptive Leadership style is centered on the followers and emphasizes the capacity of both the leader, as well as, the followers to adjust to transformation and change.

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The aggregate demand curve shows the relationship between.

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The aggregate demand curve shows the relationship between quantity of goods demanded and the price of good.

What is an aggregate demand curve?

Aggregate demand curve is demand curve that shows a downward slope, the curve shows all the amount of money spent in producing a particular goods and services.

This is done at a particular price and unit.

Therefore, The aggregate demand curve shows the relationship between quantity demanded and the price of good.

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You own a portfolio that is invested as follows: $13,700 of Stock A, $4,800 of Stock B, $16,200 of Stock C, and $9,100 of Stock D. What is the portfolio weight of Stock B

Answers

The most basic way to determine the weight of an asset is to divide the  the dollar value of a security by the total dollar value of the portfolio. The Portfolio weight of stock B is 10.95%.

What is Portfolio weight?

Portfolio weight is a percentage of an investment portfolio that includes a specific holding or type of hold.

[tex]\rm\ Portfolio \;Weight =\dfrac{Stock \;Value \; of \; B}{Total \;Portfolio \;Value} \times 100[/tex]

Stock value of C is $4,800

Total Portfolio Value is $43,800

[tex]\rm\ Portfolio \;Weight =\dfrac{4,800}{43,800} \times 100\\\\\rm\ Portfolio \;Weight = 10.95\%[/tex]

Hence, the Portfolio weight of stock B is 10.95%.

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By adopting the twinning strategy and... By adopting the twinning strategy and encouraging collaboration across units ArcelorMittal was trying to become more of a ________ organization.

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ArcelorMittal was trying to become more of a barrier free organization by by adopting the twinning strategy and encouraging collaboration across units.

What is strategy?

This refers to the procedure of Organisation comes up with the alternative and how to respond effectively in certain situations to cope up with the hurdles and maintain the efficiency of the Organization.

Business Strategy is a description of the methodology and techniques to be followed to accomplish the task done in the Organization.

Hence, by adopting the twinning strategy and encouraging collaboration across units ArcelorMittal was trying to become more of a barrier free organization.

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Bryce, Inc. declared a 50% stock dividend on March 15, when there were 1,000 shares of $1 par value stock issued and outstanding, and the market value was $5. The entry to record the declaration will include (debit/credit)_______ to the Retained Earnings account, in the amount of _______.

Answers

The appropriate entry  to record the declaration will include debit to the Retained Earnings account, in the amount of $500.

Retained earning

Based on the information given the appropriate entry to record this transaction is:

Journal entry

Debit Retained Earnings $500

(50% of 1,000 shares × $1 each)

Credit Common stock $500

(To record declaration of dividend)

Therefore the entry  to record the declaration will include debit to the Retained Earnings account, in the amount of $500.

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Suppose that research finds a link between high fructose corn syrup (HFCS) and obesity, which then leads American consumers to switch from HFCS products to pure cane sugar products. The graphs show the markets for cane sugar in Haiti and the United States before the studies were divulged. Shift the curves in the graphs, including the horizontal world price curve, to describe the new trade equilibrium that results after the switch in preferences of American households, and then answer the follow‑up question.

Assume that the United States and Haiti are the only non‑HFCS sugar trading parties in the world and that there are no quotas, subsidies, or tariffs distorting these markets.

Answers

The new equilibrium from the information shows that sugar cane producers in Haiti benefited.

What is equilibrium?

It should be noted that equilibrium simply means balance that is when the supply of goods and demand are equal.

In this case, in the situation of free trade, the world price line is a horizontal lines. The fact that the consumers in the United States demanded more sugar cane product means that the sugar cane producers in Haiti benefited.

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Answer:

On the US graph the domestic demand shifts right to show the increased demand for cane sugar. The world price also increases one notch, which applies to both graphs. No other changes are made to the graphs.

The cane sugar producers in Haiti benefit.

Explanation:

As American consumers move their consumption away from products sweetened with HFCS towards those with cane sugar, domestic demand for cane sugar in the United States shifts to the right.

To have an equilibrium with trade, imports must equal exports. Therefore, the international price of sugar moves up until the excess demand (shortage) of sugar in the United States equals the excess supply (surplus) in Haiti. Since only the price of the good has changed, there are movements along the supply curves and Haiti's domestic demand curve, but these curves themselves do not shift. The surplus of 6000 pounds of sugar that Haiti exports is equal to the shortage of 6000 pounds of sugar that the United States imports.

To determine who is better‑off because of the increase in U.S. demand, consider whether or not the higher price is good for the individuals in each country.

Producers are better‑off, since the higher price of sugar increases their producer surplus. This is true for both producers in the United States and those in Haiti.

Consumers in Haiti face a higher price of sugar, so their consumer surplus decreases, meaning that consumers in Haiti are worse off because of the price increase.

Between permanent life insurance and term life insurance, which typically has the lower premium and why? a. term life insurance has the lower premium because term life insurance pays the face value to your beneficiary if you die within a certain set period of time, whereas whole life insurance covers you your entire life. b. term life insurance has the lower premium because you cannot renew the insurance after your term has ended. c. permanent life insurance has the lower premium because you are making more premium payments (your whole life versus a set period of time), so the amount per premium payment is less. d. permanent life insurance has the lower premium because the amount you contribute is then invested and makes interest for the life insurance company.

Answers

Between permanent life insurance and term life insurance, the one that typically has the lower premium is A. Term Life Insurance.

What is a Term Life Insurance?

This refers to the type of insurance that involves the payment of a death benefit for a particular time period.

Here, we can note that term life insurance is one that covers the event of a death for a given time period, while permanent life insurance covers the validity of one's life, hence, the TLI has a lower premium.

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Answer:

a.

Term life insurance has the lower premium because term life insurance pays the face value to your beneficiary if you die within a certain set period of time, whereas whole life insurance covers you your entire life.

Explanation:

EDGE:2022

In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress: Multiple Choice passed the American Anti-Corruption Act. formed the FDIC. passed the Bubble Act. formed the Federal Reserve Bank.

Answers

In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress formed the FDIC.

What is the FDIC?

The Federal Deposit  Insurance Corporation (FDIC) was formed by th Congress after the stock market crash of 1929.Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers.

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Because of growth in team capability, over time the team becomes more ________ and over time can perform the same service for less cost.

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The more the team's capacity grows, the more it will become efficient over time and can improve service delivery techniques while reducing cost.

What is an efficient team?

It is a team where the members are integrated towards a common goal. When a team is effective, each participant has the same sense of importance, which increases motivation, collaboration and innovation.

Therefore, in an efficient team there is a greater development of methods and techniques to carry out a work with higher quality.

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The Lego Group has a Lego Ideas website where people can submit ideas for Lego products to be turned into potential sets available commercially, with the original designer receiving 1 percent of the royalties. This is an example of

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If  Lego Group has a Lego Ideas website where people can submit ideas for Lego products to be turned into potential sets available. This is an example of Crowdsourcing.

What is Crowdsourcing?

Crowdsourcing can be defined as the process of obtaining or receiving opinion or idea from large number of people or  participant.

Crowdsorucing is important as it enables companies to obtain different ideal or opinion from people who submit their information using either of the following

Social mediaInternet etc

Therefore this is an example of Crowdsourcing.

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To prepare common-size financial statements, each line item needs to be calculated to a common-size percent. The formula for common-size percent is (_________) x 100.

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In accounting, the formula for common-size percent is (Amount / Base amount) * 100.

What is a common size income statement?

This is a financial statement where every line item are expressed as a percentage of the value of sales in other to make analysis easier.

In this analysis, the percentage of the base is the ratio of the line item versus the total amount.

Thus, the formula for common-size percent is (Amount / Base amount) * 100.

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What two federal government agencies are tasked with and take the lead in protecting the consumer and enforcing federal rules breanly

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The Federal Trade Commission has two agencies where one bureau called as Bureau of Consumer protection and another bureau is called as Bureau of Competition, which is entrusted with protecting consumers and implementing the federal rules.

What is FTC?

FTC stands for Federal Trade Commission which is an independent authority established in the US country. Its main aim is to safeguard the consumers and initiates healthy competition in the market.

The Bureau of Consumer Protection (BCP) is accountable for providing safeguards to consumers from any kind of fraudulent and unfair trade practices. The Bureau of Competition (BC) is responsible for creating healthy competition between industries working in the market.

Therefore, FTC has tasks of consumer protection and enforcement of rules which are fulfilled by their two agencies.

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Which sentence is punctuated correctly?
a. As reported in Forbes, the happiest companies to work for are; Keller Williams Realty, Nike, and Total Quality Logistics.
b. As reported in Forbes, the happiest companies to work for are: Keller Williams Realty, Nike, and Total Quality Logistics.
c. As reported in Forbes, the happiest companies to work for are Keller Williams Realty, Nike, and Total Quality Logistics.
(c) As reported in Forbes, the happiest companies to work for are Keller Williams Realty, Nike, and Total Quality Logistics.

Answers

Answer:

im pretty surre its b(mb answer got deleted)

Explanation:

As a result of a decrease in the demand for U. S. Dollars, there has been a depreciation in the value of the U. S. Dollar relative to New Zealand dollars. The depreciation in the U. S. Dollar has benefitted some groups but harmed others. Indicate which of the groups are winners and which are losers from the standpoint of the depreciation of the U. S. Dollar.

You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop. A. Todd, an American, goes to visit New Zealand for spring break.


B. An investment bank in New Zealand is interested in purchasing U. S. Government bonds.


C. Goodyear, a firm based in the United States, sells car tires in New Zealand.


D. A family from New Zealand visits relatives in the United States.


E. A firm from New Zealand sells handbags in the United States.


F. An electronics manufacturer based in the United States purchases a high tech company in

New Zealand

Answers

As a result in the dcrease in demand and value of the U.S dollar as against the New Zealand dollars, the groups that will benefit as those who have New Zealand dollars to spend or in investments

Effect of decrease in value of U.S dollars

Group of Winners

B. An investment bank in New Zealand is interested in purchasing U. S. Government bonds.

C. Goodyear, a firm based in the United States, sells car tires in New Zealand

D. A family from New Zealand visits relatives in the United States

E. A firm from New Zealand sells handbags in the United States.

Group of Lossers

A. Todd, an American, goes to visit New Zealand for spring break.

F. An electronics manufacturer based in the United States purchases a high tech company in

New Zealand

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A buyer is purchasing a property for $500,000. He has a down payment of $50,000 and is financing the rest. What's the amount of the loan origination fee if the lender charges one-and-a-half points?

Answers

The amount of the loan origination fee if the lender charges one-and-a-half points is $6,750.

What is Loan Origination Fee?

The loan origination fee is the upfront payment that a borrower is charged for loan processing.

Usually, most lenders charge between 0.5% and 1% of the loan amount plus any mortgage points.

Data and Calculations:

Property value = $500,000

Down payment = $50,000

Loan (Mortgage) = $450,000

Origination fee = 1.5 points

= $6,750 ($450,000 x 1.5%)

Thus, the amount of the loan origination fee if the lender charges one-and-a-half points is $6,750.

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Advertising that runs on a(n) ________ schedule runs steadily; the amount of advertising varies little over the campaign period.

Answers

Answer:

continuous.

Explanation:ur welcome

Which of the following is prohibited from being an S corporation shareholder? Multiple Choice Foreign citizens that are U.S. residents U.S. citizens C corporations 51 unrelated individuals None of the choices are correct.

Answers

The following is prohibited from being an S corporation shareholder is  None of the choices, Option D. This is further explained below.

What is an S corporation shareholder?

Generally, S corp shareholders are people who own stock in a company that is taxed as a subchapter S corporation.

In conclusion, Foreign citizens can be S corporation shareholders.

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Which agency is responsible for collecting income taxes and administering audits?.

Answers

Answer:

the Internal Revenue Service (IRS)

Founded in 1862, the Internal Revenue Service (IRS) is a U.S. federal agency responsible for the collection of taxes and enforcement of tax laws.

Explanation:

Paying yourself first, sticking to a budget, pacing yourself, living within your means, and knowing where your cash goes are all _______.

Answers

When we pay ourselves first, stick to a budget, pace ourselves, and live within our means, these are all financial planning measures.

What is financial planning?

This refers to spending money in such a way that we will be able to achieve our long-term goals.

It involves paying yourself first in the form of savings, pacing yourself in spending such that you live within your means, and sticking to a budget that works for you.

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