Answer:
Has become very popular, and is also a cause of messing up natural habitats.
Explanation:
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.
Answer:
The maximum price of the stock that can be paid is $13.75
Explanation:
The value can be found using the Dividend Valuation Model the value of the stock can be calculated from the following formula:
Value of Stock = Dividend paid / Required rate of return
By putting the values we have:
Value of stock = $1.65 / 12% = $13.75
Answer:
$75
Explanation:
Given that
Sale value of merchandise = $1,500
Commission received = 5% of total sales
By considering the above information
The commission received would be
= Sale value of merchandise × received commission percentage
= $1,500 × 5%
= $75
Since the commission is based on the sale value of merchandise, so we take the same to find out the actual value.
The salesperson would receive a commission of $75.00, which is calculated by multiplying the total sales of $1,500.00 by the commission rate of 5%, converted to a decimal (0.05).
To find the commission received by a salesperson, you first need to convert the commission rate from a percentage to a decimal. In this case, the commission rate of 5% would be converted to 0.05. Next, multiply the total sales amount by the decimal commission rate. So, for this scenario:
Total Sales = $1,500.00
Commission Rate (in decimal) = 0.05
Now, calculate the commission:
Commission = Total Sales × Commission Rate
Commission = $1,500.00 × 0.05
Commission = $75.00
Thus, the salesperson's commission would be $75.00.
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A.to explain how money is spent when applying for a loan
B.to provide information to the government for tax purposes
C.to determine whether or not a budget is working
D.to learn weaknesses with money and improve spending habits NextReset
Answer:
D.to learn weaknesses with money and improve spending habits
Explanation:
What a person does with their own finances affects their entire personal life. If the person has no financial control, he or she can go through difficult situations. Usually, people with a well-controlled financial life have a relatively quieter life. Although each person has a different level of spending according to their own needs, it is possible to identify one's inadequate and adequate habitation patterns as a way of learning. Analyzing someone's financial habits can help you identify overspending on superflowing items, so you don't make the same mistakes. On the other hand, this also serves as learning financial discipline for you if the person under review has a good grip on their finances.
b. records must be accurate
c. declarant must be deceased
d. records must be less than one year old
Did the order acknowledgement create an enforceable agreement? What specific facts determine your answer?
Answer:The acknowledgement order from cloud to Hasbro has most likely created an enforceable agreement
Explanation:An acknowledgement order is a letter containing the specific details of a intended supply of goods ( such as price, quantity of goods,the warranty, conditions,supply date being proposed etc) from the seller to a willing buyer .
In this scenario,Hasbro had a business discussion with the seller ,Cloud ,which prompt cloud to draft and sent an acknowledgement order,this order can be inffered to have been received and accepted by Hasbro since there was no objection to it.
The contract is binding on Hasbro as it stands except if some of the conditions agreed upon when the initial business meeting was held were different from the one on the acknowledgement .
The above order acknowledgment created an enforceable agreement.
Whether the order acknowledgment creates an enforceable agreement is that based on this case, C Corporation and H are regarded as merchants. The order acknowledgement is said to be a form of an implied contract between two companies. So, the order acknowledgment forms an enforceable agreement.
The law has its provisions in the case of order acknowledgement when countersigned by the buyer is said to be a kind of typical sales contract.
In the Hasbro and cloud case, As per the states of the contract that is of the contract law, the order acknowledgement when countersigned by the buyer is said to be a sales contract.
Conclusively, enforceable agreement is known as an order that is acknowledge.
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