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salantis [7]
3 years ago
5

1. Frank’s electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Fra

nk pays his electric bill on the 12th of the month?
Business
2 answers:
MaRussiya [10]3 years ago
5 0
The answer is he won't be paying any late or penalty fee.
Grace period is usually given by the company as a form of goodwill towards the consumers who are late in paying their late bills.
Since on the 12th day is still considered within the one day grace period, Frank is not entitled to pay any additional amount from his usual charge of the bill (or any other form of penalties)
Sophie [7]3 years ago
4 0
The cycle day of Frank’s electric bill is the 3rd of the month. It is due 8 days after, which is the 11th of the month. A one-day grace period is given, which falls on the 12th of the month. If Frank pays his electric bill on the 12th of the month, he is still within the provided grace period and will not incur surcharges on his electric bill.
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What are features in personal finance?
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Answer:

Account. Manage your money.

Card. Spend anywhere.

Budgeting. Save money and time.

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Security. Safe money.

Explanation:

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What is the simple interest of a loan for $1,000 with 5 percent interest after 3 years?
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Simple interest produces interest only over the initial amount.

So every year the interest will be $1000 * 5 / 100 = $50.

That is, after 3 years 3 * $50 = $ 150.

Simple interest does not take into account the reduction of the principal but calculates the interest over the same initial amount, in this case $1000.

So, the answer is $150, which is the result of $50 times 3.
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3 years ago
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B. owner contributions; retained earnings

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Is there a specific establishment?
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Carin, Inc. declared a 50% stock dividend on January 15, when there were 10,000 shares of $1 par value stock issued and outstand
AnnZ [28]

Carin, Inc. declared a 50% stock dividend on January 15, when there were 10,000 shares of $1 par value stock issued and outstanding, and the market value was $20. The entry to record the distribution of stock will include a debit to the Common Stock Dividend Distributable account, in the amount of $5,000

Since Carin declared 50% of 10,000 shares of $1 par value, then the entry will include a debit to the common stock dividend distributable account for $5,000 (50% of 10,000 shares at 1$ each)

<h2>Further Explanation</h2>

The common stock dividend Distributable account is an equity account that is owned by stockholders. Such an account is credited for the declared value of the shares that are distributable when the declaration of a stock dividend is being recorded and also until when the stock is issued to the company's stockholders.

However, a stock dividend distributable is not a liability because it is not paid with assets.

A stock dividend is types of dividend that is issued by a company to its shareholders while a dividend is seen to be cash payment issued by companies to their stockholders.

The several types of divided includes

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Learn more about common stock dividend Distributable account at:

brainly.com/question/4976908

#learnwithbrainly

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