Jordan’s credit card has an apr of 10.59%, compounded monthly. he is required to make a minimum payment of 3.96% of his current balance every month. at the beginning of march, jordan had a balance of $628.16 on his credit card.

the following table shows his credit card purchases over the next few months. month cost ($)
-march 50.81
march 48.04
april 77.36
april 32.40
april 49.20
may 25.79
may 79.39
may 79.08

if jordan makes only the minimum monthly payments in march, april, and may, what will his balance be after he makes the minimum payment for may? (assume that interest is compounded before the monthly payment is made, and that the monthly payment is applied at the end of the month. round all dollar values to the nearest cent.)

a. $1,094.10 b. $988.97 c. $967.60 d. $1,070.23

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost