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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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2 years ago

Rory’s company sells laptop computers for $700 and high-end desktop computers for $1,800. The variable costs for the laptops tot

EastWind [94]

Answer:

The weighted-average unit contribution margin is $610

Explanation:

Hi, first we need to find the contribution margin for each line of product. This is as follows.

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$Price-Var.Cost= Contrib.Margin$

$700-300=400$

Desktops

$1,800-700=1,100$

Now, the weighted-average unit contribution margin is as follows.

$Contrib.Margin(Laptops)*Percent(Laptops)+Contrib.Margin(DeskT)*Percent(DeskT)$

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So, the weighted-average unit contribution margin for this company is $610

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3 years ago

Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re

gregori [183]

Answer:

The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%

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Use the following formula to calculate the Profit Margin

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3 years ago

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ANSWER: B) activities producing tangible products, such as radios, newspapers, buses, and textbooks

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3 years ago

Read 2 more answers

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3 years ago