This table can be used to organize Raj’s credit card balances and payments over 6 months. The annual percentage rate on the card is 18%. Raj’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $500 $100 0. 015 $6. 00 2 $406 $50 0. 015 3 $361. 34 $50 0. 015 4 $316. 01 $50 0. 015 5 $270 $50 0. 015 6 $223. 30 $50 0. 015 What is the amount of total interest charged for the first 6 months? $.

The distinction between a normal and an inferior good is

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product