answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pashok25
1 month ago
10

Your credit limit is $2,500 what is the max you should ever owe on this card?

Business
2 answers:
marusya05 [3K]1 month ago
4 0
The maximum balance you can carry on this card is $2,500. The credit limit refers to the maximum amount a lender approves for a borrower, calculated based on the borrower's declared income from their credit card application. Additionally, exceeding your credit limit can lead to extra fees and penalties from the bank.
Free_Kalibri [3.1K]1 month ago
4 0
The greatest amount you can owe on this card is capped at $2,500. Credit limit indicates the highest sum a bank or lender is willing to extend to a borrower based on the income they reported when applying for the credit card. Furthermore, going beyond this limit may incur additional charges and penalties imposed by the bank.
You might be interested in
Mr. Perry is entitled to Medicare Part A but has not yet enrolled in Part B, even though he is 69 years old. He would like to en
harina [3228]

Answer:

Mr. Perry is eligible to enroll in Medicare Part D.

Explanation:

The criteria for joining Medicare Part D include anyone enrolled in the following plans:

  • Medicare Part A
  • Medicare Part B
  • Original Medicare
  • Medicare Advantage (commonly called Medicare Part C)

Since Mr. Perry already has Medicare Part A, he can sign up for a Part D prescription drug plan without needing to enroll in Part B.

4 0
1 month ago
In a given amount of time John can produce either 40 pounds of vegetables or 10 pounds of chicken. In the same amount of time Ge
stepan [3001]

Response:

A trade of ten pounds of chicken should result in receiving at least 40 pounds of vegetables, but no more than 50 pounds of vegetables.

Justification:

Vegetables        Chicken        Trade Off Ratio

John             40                     10                4:1 (40/10) or 1:0.25 (10/40)

George          25                      5                 5:1 (25/5) or 1:0.20 (5/25)

John demonstrates a comparative advantage in chicken production while George has it in vegetables for the following reasons:

  • The opportunity cost for John, in terms of vegetables, is lower than that for George (4<5). Conversely, George's opportunity cost for vegetables, expressed in chicken, is also less than John's (0.20<0.25).
  • In vegetable production, George is five times more efficient than John, while John is only four times more efficient in chicken production compared to George's productivity of five times.  

Consequently, John will exchange chicken with George, and George will provide vegetables to John. Trade advantages occur when both engage in exchanges better than their respective trade-off ratios.

  • This means: John acquires more than '4 pounds of veggies for each pound of chicken' and George gains more than '0.20 pounds of chicken for each pound of veggie'.
  • Utilizing the unitary method: - '1chicken: 4veggies' translates to '10chickens: 40veggies', while '0.20chicken: 1veggie' means '10chickens: 50 veggies'.

7 0
16 days ago
From the set $\{1, 2, 3, \dots, 20\},$ ten numbers are chosen at random, forming a subset. Let $M$ be the largest element among
Katen [2925]

The smallest largest element can be 10 when the subset is {1, 2,..., 10}. The probability of this occurrence is (1/2)^10 = 1/1024. (Each element from 1 to 10 can either be included in the subset or omitted.)

The largest element can also take on the value of 11. In this case, every number in the subset must be from 1 to 10, necessitating the exclusion of one number, yielding the probability that the largest element is 11 as C(10,1)*1/1024.

The maximum element could also be 12. Here, all subset numbers must be selected from 1 to 11, requiring the omission of two numbers, resulting in the probability for the largest element of 12 as C(11,2)*1/1024.

This reasoning can be extended similarly for additional cases:

If the largest element is 13, then the probability is C(12,3)*1/1024.

If it's 14, the probability equals C(13,4)*1/1024.

If it's 15, it corresponds to C(14,5)*1/1024.

If it's 16, then we have C(15,6)*1/1024.

If the largest element is 17, it corresponds to C(16,7)*1/1024.

If it’s 18, it translates to C(17,8)*1/1024.

If it’s 19, it equals C(18,9)*1/1024.

If the largest element is 20, it concludes with C(19,10)*1/1024.

Summing these probabilities leads to (1 + C(10,1) + C(11,2) +... + C(19,10))*1/1024. Since 1 can be treated as C(9,0), we can state (C(9,0) + C(10,1) + C(11,2) +... + C(19,10))*1/1024.

Using the Hockey Stick Identity, it holds that C(9,0) + C(10,1) + C(11,2) +... + C(19,10) equals C(20,10), so the expected value for the largest element is 1/11*C(20,10)*1/1024 = 4199/256.

6 0
14 days ago
The owners of a small bar and grill want to run an ad on local radio in the town where the business is located. Their objective
Free_Kalibri [3164]

Answer:

To ascertain the local radio listening audience, consider the following methods:

1. Analyze online streaming data

2. Conduct audience surveys

3. Review radio station ratings

Explanation:

1. Since many radio stations offer live streaming online, the owners of the bar and grill could estimate audience size through these metrics.

2. Performing a survey could help identify optimal broadcast times for the awareness ad, being another effective approach.

3. The ratings of local radio stations serve as an indicator of their listening audience size and signal reach.

8 0
16 days ago
Which process helps in progressive improvement of requirements?
marusya05 [3096]
The Scrum review and retrospective process is integral to organizing software development teams tasked with creating a product. A key component of this process is the Scrum of Scrums, which proves particularly effective for larger projects that require collaboration across multiple Scrum teams. During this meeting, team members gather to discuss their progress, challenges, and interdependencies.
6 0
18 days ago
Other questions:
  • what types of political, economic, and competitive challenges does MTV networks international face by operating worldwide?​
    7·1 answer
  • Global use of cell phones grew rapidly between 1989 and 2000. below is a scatterplot of the percentage of people in the world wh
    6·1 answer
  • Cakery Bakery received $1,000 from a customer on August 5, 2016 for a wedding cake to be delivered on September 19, 2016. What w
    5·1 answer
  • This​ year, Druehl,​ Inc., will produce 57 comma 60057,600 hot water heaters at its plant in​ Delaware, in order to meet expecte
    7·1 answer
  • When i look back on the decisions i've made, it's clear that i made some of my best choices not through a thorough analytical in
    11·1 answer
  • On November 1, 2019, Gordon Co. collected $31,800 in cash from its tenant as an advance rent payment on its store location. The
    14·1 answer
  • Schrand Aerobics, Inc., rents studio space (including a sound system) and specializes in offering aerobics classes. On January 1
    7·1 answer
  • Joe and Michelle have a partnership firm. Based on the income-based method of calculating GDP, what category is the income earne
    14·1 answer
  • Karl Harris, a marketing critic, is concerned about the pervasiveness of marketing. He points out that advertising messages are
    8·1 answer
  • In 2006, the estimated economic cost of alcohol-related crashes in the U.S. was around ___________ (including monetary costs and
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!