The model of aggregate demand and aggregate supply a. is a straightforward extension of the model of supply and demand for a particular market, in which substitution of resources between markets is highlighted. b. is different from the model of supply and demand for a particular market, in that we cannot focus on the substitution of resources between markets to explain aggregate relationships. c. is different from the model of supply and demand for a particular market, in that we have to separate real and nominal variables in the aggregate model. d. is a straightforward extension of the model of supply and demand for a particular market, in which the interaction between real and nominal variables is highlighted.

Answers

Answer 1

Answer:

b. is different from the model of supply and demand for a particular market, in that we cannot focus on the substitution of resources between markets to explain aggregate relationships

Explanation:

Here The two models are different. But it shows the similar idea, also the variables that are determined are totally different. The individual markets should be equipped with the given sources while on the other hand the overall economy could be subsituted the resources inside the market

Therefore the option b is correct


Related Questions

A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?

Answers

Answer:

385

Explanation:

because it says 385

In a situation where a survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater, the population as well as the sample will be 385. Therefore, the option C holds true.

What is the significance of a sample?

A sample can be referred to or considered as a set of units that are taken into consideration for interpreting a data for bigger number of available observations. Sampling method is considered as an ideal option for surveys to save time and efforts.

In the condition given above, a survey included 385 people out of the total population of the survey, however, the 385 people are just the samples for saving time and effort. The actual results for bigger representation will also be closer to 74%.

Therefore, the option C holds true and states regarding the significance of a sample.

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The missing options for the incomplete question have been added below for better reference.

A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?

A. 96

B. 289

C. 385

D. 74

P Company owns 90% of the outstanding common stock of S Company. On January 1, 2015, S Company sold land to P Company for $578,000. S Company originally purchased the land for $427,400. On January 1, 2016, P Company sold the land purchased from S Company to a company outside the affiliated group for $676,100. Calculate the amount of gain on the sale of the land that is recognized on the books of P Company in 2016.

Answers

Answer: $98,100

Explanation:

Gain on the sale of the land would be the difference between the amount the land was sold for to the outside entity and the amount that P Company purchased it at.

= Selling price to outside group - Price purchased from S Company

=  676,100 - 578,000

= $98,100

Activity-based costing is preferable in a system:

a. when multiple products have similar product volumes and costs
b. with a large direct labor cost as a percentage of the total product cost
c. with multiple, diverse products
d. where management needs to support an increase in sales price

Answers

Answer:

c. with multiple, diverse products

Explanation:

Activity based costing is a method that is used to share overhead and indirect costs among various products and services offered by a company.

So products that are produced in larger volume will receive more cost allocation.

The cost driver rate is used in this allocation and is calculated by dividing total pool cost by the cost driver.

So cost is allocated based on units of goods produced.

Examples of indirect cost shared are salaries and utilities.

Activity based costing is best for multiple diverse products. So that cost can effectively be allocated based on the amount of activity attributed to a particular product.

Nungesser Corporation has an EPS of $1.96, a cash flow per share of $3.15, and a price/cash flow ratio of 7.76×. What is its P/E ratio?

Answers

Answer:

12.47

Explanation:

Given :

Earning per share, EPS = $1.96

Cashflow per share = $3.15

Price / Cash flow ratio = 7.76

The P/E ratio = share price / Earning per share

The Share price is given by :

Cashflow per share * price to cash flow ratio

Share price = $3.15 * 7.76 = $24.444

Now ;

P/E ratio = Share price / Earning per share = $24.444 / $1.96

P/E ratio = 12.4714

P/E ratio = 12.47

Wayland Company has a standard of 5.0 hours of labor per unit, at $11.00 per hour. In producing 800 units, Wayland used 3,800 hours of labor at a total cost of $41,000. What is Wayland's labor price variance

Answers

Answer:

Direct labor rate variance= $798 favorable

Explanation:

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (11 - 10.79)*3,800

Direct labor rate variance= $798 favorable

Actual rate= 41,000 / 3,800= $10.79

The cost of a parcel of land is 50 cents per square foot. Candace wants to purchase one acre. How much will this cost?

Answers

1 acre = 43,560 square feet.

Multiply square feet by cost per square feet

43,560 x 0.50 = $21,780

Total cost: $21,780

During 2021, Raines Umbrella Corporation had sales of $772,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $465,000, $104,500, and $150,000, respectively. In addition, the company had an interest expense of $74,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible). Suppose Raines Umbrella Corp. paid out $102,000 in cash dividends. Is this possible? If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt?

Answers

Answer:

Paying out $102,000 in cash dividends is possible

Net new long-term debt $26,100

Explanation:

Calculation to determine the net new long-term debt

Sales $772,000

Less Cost of goods sold $465,000

Gross profit $307,000

($772,000-$465,000)

Administrative and selling expenses $104,500

Depreciation expenses $150,000

Earning before interest tax $52,500

($307,000-$104,500-$150,000)

Interest expense $74,400

Profit or Loss before tax ($21,900)

($52,500-$74,400)

Less Tax 25% $0

Add Depreciation expense $150,000

Net Cash flow $128,100

(-$21,900+$150,000)

Dividend $102,000

Net new long-term debt $26,100

($128,100-$102,000)

Therefore Based on the above calculation Paying out $102,000 in CASH DIVIDENDS is possible even though the Net income is Negative, its operating cash flow is $128,100 positive which means that the company has enough cash balance to pay dividends of $102,000. The Net new long-term debt is $26,100

Burt is strategizing and planning an IMC marketing campaign for the company where he is employed as marketing specialist. If he is to execute an effective IMC campaign, which aspects should he consider

Answers

Answer:

Incorporate the manufacturing process steps of the service into your planning and design process. A further explanation is provided below.

Explanation:

Burt would have had to take into account the possible throughout the development process of the marketing campaign when trying to execute an integrated Communication IMC program.An essential component of conducting a successful IMC campaign requires determining the phase including its project lifecycle.

Thus the above is the right answer.

he primary functions of management are... Group of answer choices Producing change and movement Producing a creative vision Producing positive leadership outcomes Producing order and consistency PreviousNext

Answers

Answer:

Producing order and consistency

Explanation:

Management involves the control, planning and organization of the affairs of a business firm.

Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.

Hence, we can safely deduce that the primary functions of management are producing order and consistency within an organization, so as to meet their set goals, aims and objectives.

This ultimately implies that, the management of a business firm or an organization's with respect to its direction, objectives, and strategy are never final because an effective management strategy is a continuum or an on-going, dynamic process. Thus, it is never a now and then task.

Tinker Company reported sales revenue of $500,000 and total expenses of $450,000 (including depreciation) for the year ended December 31, 2010. During 2010, accounts receivable decreased by $5,000, merchandise inventory increased by $4,000, accounts payable increased by $6,000, and depreciation expense of $10,000 was recorded. Assuming no other data is needed and using the indirect method, the net cash inflow from operating activities for 2010 was:

Answers

Answer:

Net Cash inflow from operating activities $67,000

Explanation:

The computation of the net cash flow from operating activities is shown below:

Net Income ($500,000 - $450,000) $50,000

Add: Depreciation $10,000

Add: Decrease in account receivable $5,000

Less: Increase in inventory ($4,000)

Add: Increase in account payable $6,000

Net Cash inflow from operating activities $67,000

If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account which had been written off on March 1, the entry to reinstate the account under the allowance method would include

Answers

Answer:

Please post the full question together next time.

If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written off on March 1, the entry to reinstate the account under the direct write-off method would include:______.

a. a debit to Allowance for Doubtful Accounts of $3,650.

b. is the same as it would be under the allowance method.

c. includes a credit to Bad Debt Expense of $3,650.

d. includes a credit to Cash of $3,650.  

Explanation:

Under the direct write-off method ,

the journal entry is Bad debt expense A/c Dr XXXXX      

To Account receivable A/c XXXXX

(Being the bad debt expense is recorded)

For recording this journal entry,  we Debited the  bad debt expense and credited the account receivable

This is the answer. Hence, all the given options are incorrect  

Roger is conducting an educational event and has asked a couple or providers

Answers

Answer:

Roger will require different equipment to conduct his educational event successfully.

Explanation:

Roger will require kiosks, banners, pamphlets and some ushers for his event. There should be reception or help desk placed at entrance to guide the attendees. There should be banners placed for different educational institutions who will be part of the event.

Value a Constant Growth Stock Financial analysts forecast Best Buy Company (BBY) growth for the future to be 14.00 percent. Their recent dividend was $1.19. What is the value of their stock when the required rate of return is 15.43 percent

Answers

Answer:

$94.87

Explanation:

Value of stock = Dividend * (1 + Growth rate) / (Required rate - Growth rate)

Value of stock = $1.19 * (1 + 0.14) / (0.1543 - 0.14)

Value of stock = $1.19 * 1.14 / 0.0143

Value of stock = $1.3566 / 0.0143

Value of stock = 94.8671329

Value of stock = $94.87

Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a property tax exemption based on his military service during wartime. Which exemption applies to Chip?

Answers

Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a property tax exemption based on his military service during wartime. Which exemption applies to Chip?

A. Section 218

B. Proposition 13

C. Section 205

D. Proposition 60

Answer: C. Section 205

Explanation:

Section 205 of the property tax speaks about the property tax exemption for veterans. Under the category of veterans comes the people of military staff who have been currently serving or have been discharged due to some reasons like poor health, loss of body part or any other reason. The emption of property tax cannot exceed $4,000 for eligible veterans.

Section 205 can be applied on Chip for the emption of property tax due to being Veteran.

Janet and Megan are debating the use of student discounts by local stores near school. Janet argues, "When stores offer discounts to students with valid identification, it is price discrimination, because they are attempting to separate the market into two groups—each with different demands for that particular good." Megan responds with, "This is not a form of price discrimination, because there is no age restriction for students. Economists generally agree with :

a. Dina
b. Antonio

Answers

Answer:

Antonio

Explanation:

In simple words, Antonio has a lot of support among economists. Price discrimination occurs when a vendor is able to split clients into groupings or segregate a marketplace into two categories so that they may charge varying charges to that same two groups. It has hardly anything to deal with the customers' age.

Thus, Antonio is correct with his views.

purchased heavy equipment by giving the seller a $30,000 cash down payment and a 5-year interest-bearing note for the $170,000 balance of the price. Compute Pettit's book basis and tax basis in the equipment

Answers

Answer: $200,000

Explanation:

The book and tax basis will be the same in this instance because the equipment was purchased newly.

The book and tax basis will be the price of the equipment:

Price = Cash down payment + Present value of interest bearing note

= 30,000 + 170,000

= $200,000

Book and Tax basis is therefore $200,000

Assume you are manager of the Outback Steakhouse, a franchised restaurant that has opened at new location in St. Louis. Describe which segmentation base(s) and possible segmentation variable(s) you would use to segment its market and explain why each supports the appropriate market segmentation strategy.

Answers

Answer:

Market segmentation consists of a strategy to better identify consumers based on common characteristics, that is, divide the market into clusters, so that there is a better targeting of the company's marketing strategies.

In the case of opening an Outback Steakhouse franchise in St. Louis, the bases of segmentation and possible appropriate segmentation variables could be geographical, to better understand the region of the city and surroundings, demographic to understand the characteristics of consumers and form the target audience and behavioral to understand the habits, tastes and preferences of your potential audience, and thus gather important information from that region and align the company's strategy to meet the specific desires and needs of consumers.

The CEO said, "Around every six months, my upper management team and I meet to review the goals that will be achieved over the next year, five years, and beyond. We then make sure we are clear on who will take responsibility to see that appropriate actions are undertaken to achieve our goals within the time frame we set." The CEO is describing the management function of

Answers

Answer: Planning

Explanation:

From the information given, the CEO is describing the management function of planning.

Planning refers to the organization of activities which are required to achieve a particular goal. Planning is concerned with the determination of the missions and the resources which will be used in achieving a goal and working towards it's achievement.

Based on the question, the management is creating a detailed action plan that is aimed at an organizational goal.

A moving average of stock prices _________________.A. always lies above the most recent priceB. always lies below the most recent priceC. is less volatile than the actual pricesD. is more volatile than the actual prices

Answers

Answer:

The correct option is C. is less volatile than the actual prices.

Explanation:

A moving average is a data-analysis approach that calculates the averages of distinct subsets of the complete data set. The purpose of determining a stock's moving average is to smooth out price data by creating an average price that is constantly updated.

Therefore, the moving average reduces the impact of random, short-term fluctuations on the price of a stock over a given time frame. This makes the moving average of stock prices be less volatile than the actual prices.

Therefore, the correct option is C. is less volatile than the actual prices.

MC Qu. 88 Hayes Inc. provided the following information... Hayes Inc. provided the following information for the current year: Beginning inventory 230units Units produced 880units Units sold 934units Selling price$280/unit Direct materials$48/unit Direct labor$29/unit Variable manufacturing overhead$28/unit Fixed manufacturing overhead$39,600/yr Variable selling/administrative costs$21/unit Fixed selling/administrative costs$28,500/yr What is the unit product cost for the year using variable costing

Answers

Answer:

Unit product cost= $105

Explanation:

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Unit product cost= direct material + direct labor + variable overhead

Direct materials$48/unit

Direct labor$29/unit

Variable manufacturing overhead$28/unit

Unit product cost= 48 + 29 + 28

Unit product cost= $105

Sal is very clear in defining for his subordinates the incentives available to them for different levels of performance. He makes sure they understand the path toward receiving incentives and follows through on rewarding them when they meet those goals. Sal exhibits the _______ theory of leadership.

Answers

Answer: d. path–goal

Explanation:

The Path-goal theory of leadership espouses that leaders should be dynamic and use whichever leadership style would be best suited to the abilities of their subordinates and the work environment that they are in.

It is then divided into four styles with the relevant style here being the "directive path-goal clarifying leader behavior". Under this style, the manager specifies exactly what it is that they want from the employees and then rewards them when they meet the required objectives.

The theory of leadership that Sal was exhibiting when he was defining some incentive that can make them perform well and explain the path to follow so as to receive the incentive when they achieve their goal is  The path-goal theory.

The path-goal theory can be regarded as one that focus on  leader's behavior which serves as contingent to the satisfaction that influence the motivation and performance of their employees.

Good example us where Sal promise her employee about incentive once they achieve their goals.

Therefore, The path-goal theory is correct.

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Carlisle Transport had $4,641 cash at the beginning of the period. During the period, the firm collected $1,622 in receivables, paid $1,804 to supplier, had credit sales of $5,324, and incurred cash expenses of $500. What was the cash balance at the end of the period

Answers

Answer:

$3,959

Explanation:

The cash balance at the end of the period considers all cash inflows and outflows including the beginning balance of the cash in the firm.

cash balance at the end of the period=beginning cash balance+cash collection from receivable-cash paid to suppliers-cash expenses

beginning cash balance=$4,641

cash collection from receivable=$1,622

cash paid to suppliers=$1,804

cash expenses=$500

cash balance at the end of the period=$4,641+$1,622-$1,804-$500

cash balance at the end of period=$3,959

Assume the following macroeconomic variable ( in $ billion) for an economy: Y = national income = Aggregate Expenditures Aggregate Expenditures = Consumption + Investment + Government Spending + Net Export Assuming that the full employment level in $6,000 billion, determine the change in government spending needed to reach full employment. (Hint: calculate the current GDP, then calculate aggregate expenditures using national income of $6,000 and find the difference)

Answers

Answer:

440

Explanation:

Calculation to determine the change in government spending needed to reach full employment.

At Y=6000,

C=300+0.64Y

C=300+0.64*6000

C=300+3840

C=4140

Second step

Imports=0.08*Y=0.08*6000

Imports=480

Aggregate expenditure=4140+800+700+400-480

Aggregate expenditure=5560

Full employment G=6000-5560

Full employment G=440

New G=700+440

New G=1140

Y=300+0.64Y+800+1140+400-0.08Y

Y=2640+0.56Y

Y=2640/0.44

Y=6000

Therefore the change in government spending needed to reach full employment must Increase by 440.

10 percent decrease in consumer incomes leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round your answer to one decimal place. If you are entering a negative number be sure to include a negative sign (-) in front of that number. The income elasticity of this good is: . This good can best be described as (Click to select) .

Answers

Answer:

Income elasticity = 2

Normal good

Explanation:

Below is the given values:

Percentage decrease in consumers income = 10%

Percentage decrease in quantity demanded = 20%

Use the below formula to find the income elasticity:

Income elasticity = % change in quantity demanded / % in income

Income elasticity = -20/-10

Income elasticity = 2

Since the elasticity is 2 that means good is normal good.

Explain how one driving force has facilitated change at Domino’s.

Answers

Answer:

. Executive Summary

This assignment has been written to demonstrate the analytical processes and strategies with a

lens of operation management & operations of Dominos India. We have applied theoretical

frameworks to evaluate the operational strategy with its product and services. This report

focuses on the daily operations of Dominos India’s Connaught Place unit specially, wherein

their staff and manager helped a lot to prepare this report. Team research, interviews and

insights from Dominos existing employees have been documented in this report.

Dominos India has been a leader in its market segment in India.

2. About Dominos India

On 26 March 1995 Domino's Pizza India Private Ltd operation began in 1996 with its’

first store in New Delhi. In January 2016, Domino's opened its 1000th outlet in New

Delhi. The company opened 53 new restaurants between January–March 2018 and

150 outlets in the in financial year 2017-2018 (works, 2016)

Domino's pizza is delivered to its customers with seasoning sachets.

A) Domino’s pizza is a well-established and known pizza brand over the last 57 years

They deliver pizza along with garlic bread and a combo deals with Coke as the

beverages partner.. They have more than 11000 corporate and franchise restaurant

stores in all over 70 countries. And India is the second biggest market for this US

based pizza company (source : Wikipedia). In India They were the first to bring in

the concept of 30 minutes delivery. This has become a benchmark now in India as

people say that Domino’s pizza reaches before police reaches at the spot. Along

with this its excellent customer service, frequent products introduction with variable

topping options as per the customer choice , many outlets close to your location,

soft spoken & trained staff and a peculiar taste have become a driving force for

them. Even though there are many players including Pizza hut, Papa John, Johnny

Rockets and local players, Dominoes is still number One In India.

B) Because of their exceptional operation strategy they have been performing very well

in this cluttered and competitive food market in India.

C) Mission Statement : Exceptional franchisees and team Exceptional franchisees and

team members to be the best pizza delivery company People first Initiativ

Number Style Which of the following sentences apply correct number style? Check all that apply.

a. We prefer that our interns have completed Finance 201 and an advanced professional communication course. He hopes to have at least $2 million in his retirement account by the time he turns 40. 57% of his take-home salary goes straight into his retirement account. Choose the best option to correct the following sentence.
b. She has scheduled the meeting for March eleventh two thousand 8 at eight in the morning. She has scheduled the meeting for March 11, 2008, at eight in the morning. She has scheduled the meeting for March eleventh, 2008 at eight in the morning. She has scheduled the meeting for March 11, 2008, at 8 a.m.
c. Which of the following sentences express correct number style? Check all that apply. John wasn't sure how to break the news without angering the majority of the company's 421 employees. The meeting was scheduled for three o?clock on Friday, February fifteenth. The average salary increase for Division 45 employees was 2.8 percent last year.
d. Which of the following choices has the correct number style to use at the beginning of a sentence? 3/4 of the respondents Three-fourths of the respondents.

Answers

Answer:

1. We prefer that our interns have completed Finance 201 and an advanced professional communication course.

• He hopes to have at least $2 million in his retirement account by the time he turns 40

b • She has scheduled the meeting for March 11, 2008, at 8 a.m.

c. The average salary increase for Division 45 employees was 2.8 percent last year.

d. Three-fourths of the respondents

Explanation:

It should be noted that the numbers from one to ten should be written in word form, while those from 11 and above can be written in figures.

The numbers such as percentages that starts a sentence needs to be written in words. Therefore, 57% should be written in words

Therefore, the correct options are:

• We prefer that our interns have completed Finance 201 and an advanced professional communication course.

• He hopes to have at least $2 million in his retirement account by the time he turns 40.

Other correct options to the question include:

b. She has scheduled the meeting for March 11, 2008, at 8 a.m.

For information that has to do with meetings, the numbers should be written in numerical form.

c. The average salary increase for Division 45 employees was 2.8 percent last year.

d. Three-fourths of the respondents

The number should be written in words since it begins the sentence.

Triathlon Cycles specializes in producing touring bicycles but has recently Activity Cost pool Mountain Bicycle Touring Bicycle Direct materials per unit $1,000 $2,200 Total direct labor cost $300 $700 Total manufacturing overhead $75,000 $180,000 Number of units 200 units 400 units1. What is the manufacturing overhead allocated to each mountain bicycle?2. What is the total manufacturing costs of one touring bicycle?

Answers

Answer:

$375 per mountain bicycle $3,350 per touring bicycle

Explanation:

1. Manufacturing overhead of each mountain bicycle:

= Total manufacturing overheads for mountain bicycles / Number of units

= 75,000 / 200

= $375 per mountain bicycle

2. Manufacturing costs of one touring bicycle

= Direct labor + Direct material + Manufacturing overhead per touring bicycle

= 700 + 2,200 + (180,000 / 400 units of touring bicycles)

= 700 + 2,200 +  450

= $3,350

XYZ Corporation manufactures two models of office chairs, a standard and a deluxe model. The overhead costs for setups and components pools are $60,000 and $58,900, respectively. The following activity has been compiled:
Number of Number of Number of
Setups Components Direct Labor Hours
Standard 11 6 295
Deluxe 29 13 205
Overhead costs $63,600 $102.600
Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity based costing system is used, what is the total amount of overhead costs assigned to the standard model?
A. $109,200
B. $57,000
C. $83,000
D. $83,100

Answers

Answer:

$49,890

Explanation:

The computation of the total amount of overhead costs assigned to the standard model is given below

The cost driver rate is

For setup

= $63,600 ÷ (11 + 29)

= 1,590

For component

= $102,600 ÷ (6 + 13)

= 5,400

Now the total amount of overhead for the standard model is

= 11 × 1,590 + 6 × 5,400

= $17,490 + $32,400

= $49,890

This is the answer but the same is not provided in the given options

The Pension Trust Fund maintained by the city of Linden had the following transactions during 2019. Record each transaction in the Pension Trust Fund. Ignore any other funds that may be involved in a transaction.

a. Contributions of $600,000 were received from General Fund employees, and the General Fund contributed its share of $100,000.
b. The fund paid $500 for investment management fees.
c. Investments held by the fund increased in value by $3,500.
d. Depreciation on fund capital assets totaled $800.
e. Retirement benefits of $7,700 were paid to retirees.
f. Interest of $2,500 and dividends of $1,400 were received from investments

Answers

Answer:

Date            Account Title                                                  Debit              Credit

XX - 2019    Cash                                                                $700,000

                    Additional pension Contribution -                                $600,000

                    Employees  

                    Additional pension Contribution -                               $600,000

                    Employer

Date            Account Title                                                  Debit              Credit

XX - 2019    Investment management fees                      $500

                    Cash                                                                                      $500

Date            Account Title                                                  Debit              Credit

XX - 2019    Investments                                                    $3,500

                    Net appreciation in investment fair value                         $3,500

Date            Account Title                                                  Debit              Credit

XX - 2019    Depreciation of fund capital assets             $800

                   Accumulated depreciation of fund                                     $800

                    capital assets  

Date            Account Title                                                  Debit              Credit

XX - 2019    Retirement benefits                                    $7,700

                    Cash                                                                                    $7,700

Date            Account Title                                                  Debit              Credit

XX - 2019   Cash                                                              $3,900

                  Interest on investments                                                       $2,500

                  Dividends                                                                              $1,400

The latest video game comes out and costs $60. You put it on your credit card and can’t afford to pay the whole bill all at once, so you make the minimum payment each month. How much is that minimum payment?

Answers

The minimum payment each month is 15%. The minimum payment is the least amount of money you must pay each month to maintain the status of your account.

What is minimum payment?

The total balance on your account for that billing cycle is represented by the statement balance. The sum of your most recent bill plus any recent charges constitutes your current balance.

Although experts advise paying the statement balance in full each month, there are occasions when it might not be possible. In those circumstances, it's crucial to pay at least the required minimum in order to keep your account current and avoid late penalties and penalty APRs.

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