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2 years ago

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

Business

1 answer:

Rama09 [41]2 years 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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True or false. When customers increase their borrowing, interest rates tend to decline

sasho [114]

The answer to your question is false

3 0

2 years ago

You wish to retire in 10 years, at which time you want to have accumulated enough money to receive an annual annuity of $13,000

nexus9112 [7]

Answer:

Computation of contribution to retirement fund

Annual payment that the investor wants to receive after retirement = 13000

Number of years after retirement = 15

Interest rate = 0.11

Value of the fund at 12th year (Use Present Value Formula) = -93,481.30

Years remaining to retirement = 10

Interest rate = 0.09

Annual contribution upto retirement (Use PMT Formula) = -14,566.27

3 0

3 years ago

When the government implements programs such as progressive income tax rates, which of the following is likely to occur? a. equa

kozerog [31]

Answer:

The correct answer is b. equality is increased and efficiency is decreased.

Explanation:

Progressive taxes are considered those in which the economic capacity of the person or the company is taken into account, that is: the higher the economic capacity the value to be paid for the tax increases. The objective of this type of taxes is that the payments made by people or companies are made proportionally to their income. Direct taxes are usually progressive.

An example of a progressive tax is the income tax, in the case of natural persons the value to be paid for this concept depends on the taxable liquid income.

8 0

4 years ago

Anheuser-Busch InBev Companies, Inc., reported the following operating information for a recent year (in millions of dollars): N

qwelly [4]

Answer:

a) Break even = 480.5 units ≈ 481 Million units

b) Breakeven = 8,014,162,500 units

Explanation:

calculations are in millions

Breakeven = fixed costs / contribution per unit

selling price per unit = $47063/400 = $117.66

Variable cost = ($18756*75%) + ($31755*50%) = $14067 +15877.50 =$29944.5/400 units =$74.86

contribution = $117.66-$74.86 = $42.80

fixed costs = ( $18756*25%) +( $31755*50%) = $4689 + 15877.50 = $20566.50

Breakeven = $20566.50/$42.80 = 480.5 units

b) calculations

fixed costs = 20,566,500 + 300,000,000

= 320,566,500

break even = $320,566,500 /0.04

= 8,014,162,500 units

4 0

3 years ago

Increasing sales without changing the original product

solmaris [256]

Dropping prices
Increased advertising
Comparing yours to competitors

5 0

3 years ago