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AlexFokin [52]
2 years ago
15

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:

brainly.com/question/6872962

#SPJ1

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Your answer is
D. Cash drop
7 0
3 years ago
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Cost of goods sold is determined only at the end of the accounting period in.
sladkih [1.3K]
<h3>Answer:</h3>

Under the periodic inventory system.

What is periodic inventory system?

Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.

7 0
2 years ago
Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours
Crank

Answer:

Allocated overhead= $375

Explanation:

Giving the following information:

Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours.

On January 31, Job 25 was completed. It required 6 machine hours and 1 direct labor hour.

First, we need to calculate the predetermined overhead rate:

predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base

predetermined overhead rate= 500,000/8000= $62.5 per machine hour

Allocated overhead= predetermined overhead rate* actual hours= 62.5* 6= $375

4 0
3 years ago
Imagine that you work for a life insurance company. The company is offering a new type of life insurance policy for senior citiz
GREYUIT [131]

Answer: Telephone calls

Explanation: To communicate to senior citizens telephone will be the most effective way as other sources like social media are not used by senior citizens in general, majority of users of social sites are youth and teens. Other sources like emails and text messages may not result in full information takeout.  Therefore,other than face to face communication, the best electronic medium is telephone.

5 0
3 years ago
Does it make sense? Is it reasonable? Is it something consumers will get excited about? Does it take advantage of an environment
aliya0001 [1]

Answer: (E) Product/service

Explanation:

 The product or the service is basically refers to the feasibility component that helps in analyzing the feasibility of the given products component in the market.

The main objective of the products and the service feasibility analysis is that it helps in analyzing the main idea of the business on the basis of demand and the desirability in the market.

According to the given question, the product/service is one of the type of component in the feasibility analyzing that helps in the process of products development.  

 Therefore, Option (E) is correct answer.      

 

5 0
3 years ago
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