Payday loans payment method typically charges the highest interest rates, which charge interest rates of 391% APR or more.
Hence, the answer is D.
Payday loans typically charge interest rates of 391% APR or more. This means that if you borrow $100, you will pay back $391 in interest over the course of the loan.
Credit cards typically charge interest rates of 16% to 25% APR. Prepaid cards and cashier's checks do not charge interest.
Here are the interest rates of different payment methods:
Payday loans - 391% APR or more
Credit cards - 16% to 25% APR
Prepaid cards - 0% APR
Cashier's checks - 0% APR
It is important to be aware of the interest rates associated with different payment methods before you borrow money. Payday loans are a very expensive way to borrow money, and they should only be used as a last resort.
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Option (d) is correct. Payday loans typically charges the highest interest rates.
Further Explanation:
Payday loans:
Payday loans are short-term in nature and has a high interest rate. These loans are granted in a very short period of time and the borrower pays when he/she gets his/her next paycheck. These kind of loans charge high interest rate because they are granted very quickly. The loan amount does not exceed the salary of the borrower.
Justification for the correct and incorrect options:
a.
Credit card: This is an incorrect option.
Credit card charges interest but their rate of interest is lower than the payday loans.
b.
Cashier's checks: This is an incorrect option.
Cashier’s check does not charge interest but charges a small amount of fee.
c.
Pre-paid cards: This is an incorrect option.
Pre-paid cards does not charge interest.
d.
Payday loans: This is the correct option.
Payday loans charges high interest for a short-term loan.
Learn more:
1. Learn more about the money owed to the credit card company
2. Learn more about the common credit card fee
3. Learn more about making an on-time minimum payment of credit card
Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money and Banking
Keywords: payment, method, typically, charges, highest, interest, rates, credit cards, cashier's checks, pre-paid cards, payday loans.
b. a commodity
c. a barrier to entry
d. perfect competition
Answer:
c. a barrier to entry.
Answer:
C. 16.1 times
Explanation:
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
where,
Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2
= ($1,198 + $1,272) ÷ 2
= $1,235 million
And, the net credit sale is $ 19,829 million
Now put these values to the above formula
So, the answer would be equal to
= $19,829 million ÷ $1,235 million
= 16.1 times
The most likely effect of an increase in income tax rate would be to INCREASE INT RATES.
b. orderly marketing.
c. dumping.
d. domestic content pricing.
Answer: Option (C)
Explanation:
In discipline such as economics, Dumping is referred to as or known as type of an injuring pricing, which is especially in context to the international trade. It tends to occur when the manufacturers export a commodity or product to another nation at price which is below normal price in order to have an injuring effect. The main objective of the dumping is to help increase the market share of an organization in the foreign market, therefore done by driving out the competition and thus creating a monopoly where exporter are able to dictate quality and price of the commodity.
If you start to feel sleepy when driving you should stop, rest, and change drivers if possible.
If you begin to feel drowsy while driving, drink one to two cups of coffee and pull over for a brief 20-minute nap in a safe location, such as a lit, marked rest stop.
If you get drowsy while driving or observe any of the other warning signals described above, you should pull over as soon as possible. Pull into the next rest stop or any other safe, well-lit area where you may park without obstructing the traffic.
Therefore, if you begin to feel tired while driving, you should pull over, relax, and, if feasible, switch drivers.
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Answer:
$1,273,300
Explanation:
The computation of the net income is shown below:
= Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment - income tax expense
where, income tax expense would be
= ( Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment) × income tax rate
= ($3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000) × 30%
= $545,700
So, the net income would be
= $3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000 - $545,700
= $1,273,300