On May 25 2004 Christina graduated from college with a degree in business

Suppose you have a credit card balance of $500 that you were unable to pay off. During the current month you purchase another $250 worth of products. You made a payment during the grace period of $300

Assuming your retail credit card company charges an annual interest rate of 22%, compute your new balance. A) $510 B) $250 C) $494 D) $454

A solid business plan ________

A) forces potential entrepreneurs to look at their business idea in the harsh light of reality B) requires a potential entrepreneur to assess the venture's chances of success more objectively C) helps prove to outsiders, such as potential lenders and investors, that a business idea can be successful D) All of the above