Benjamin's credit card has an apr of 19%, calculated on the previous monthly
balance, and a minimum payment of 2%, starting the month after the first
purchase. his credit card record for the last 7 months is shown in the table
below.
end of
principal
month
payment
received
50.00
paid
charges
50.00
$48.00
voorwn
previous
balance
$0.00
$2400.00
$2390.00
$2380.04
s2370 12
$2360 25
$2350.41
new
charges
$2400.00
so 00
50.00
$0.00
s0 00
547 80
$47.60
wong
50 00
$10.00
$9 96
992
balance
$2400.00
$2390 00
$2380 04
$2370 12
$2360 25
$2350.41
$2340.62
54740
50.00
$0.00
what is the total amount that benjamin has made in payments over the 7
months?
o
a. $225.64
o
b. $47.01
o
c. $59.38
od. $285.01

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent