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1 year ago

What are the three methods of calculating balance charges on credit cards?.

Business

1 answer:

Rama09 [41]1 year ago

5 0

The three methods of calculating balance charges on credit cards are:

previous balance method.

average daily balance method (excluding and including newly billed purchases.

adjusted balance method.

<h3>How can we calculate a credit card balance ?</h3>

Calculation of the credit balance can be done generally by dividing the average daily balance totals by the total number of days in the billing cycle.

Then the result is then multiplied by the monthly interest rate, however all the listed method can as well be used.

Learn more aboutcredit cards at:

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For a recent year L’Oreal reported operating profit of €3,385 (in millions) for its Cosmetics division. Total assets were €12,88

aivan3 [116]

Answer:

The correct answer is 26.05%.

Explanation:

According to the scenario, the given data are as follows:

Beginning Assets = 12,888 ( million)

Ending Assets = 13,099 (million)

Operating profit = 3,385 (million)

So, Average Assets for the year = (12,888 + 13,099) ÷ 2 = 12,993.5 (million)

So, we can calculate the return on investment by using following formula:

Return on investment = Operating profit ÷ Average assets for the year

By putting the value, we get

Return on investment = 3,385 ÷ 12,993.5 (million)

= 0.2605 or 26.05%

8 0

3 years ago

Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer differentiated product

LenaWriter [7]

Answer:

B) False

Explanation:

The correct phrase should be:

Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer standardized products, while oligopolists producing consumer goods usually offer differentiated products.

An example of an oligopolistic industry that we all know about is the car industry. There are very few car companies in the world since only very large companies can actually manufacture cars. Car companies offer differentiated products.

8 0

2 years ago

In an outsourcing decision, developing and negotiating the outsourcing contract: is not an area where supply managers believe th

RoseWind [281]

Answer:

The correct answer is is of less strategic importance than identifying opportunities for outsourcing.

Explanation:

Outsourcing consists in the delegation of functions from one company to another that specializes in this task. Among its greatest benefits are cost reduction and access to new technologies, among others, however, if the service provider does not have sufficient capacity to perform this function, it may damage the image of the contracting company. This tool can be used tactically or strategically and can be adapted to the requirements of the company requesting the service, it is implemented at different levels and in areas of the organization that are not essential to gain competitiveness.

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2 years ago

Who on here can drive and lives in Florida?

iragen [17]

Answer: aye im 15 i can drive and no i dont live in florida

Explanation:

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3 years ago

Even an economically sound economy will have problems managing risk and with solving investment issues. As these are resolved, i

Snezhnost [94]

Answer:

liquidity in the market

Explanation:

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2 years ago