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taurus [48]
3 years ago
7

Using the overdraft protection line. Isabella Harris has an overdraft protection line. Assume that her October 2015 statement sh

owed a latest (new) balance of $862. If the line had a minimum monthly payment requirement of 5 percent of the latest balance (rounded to the nearest $5 figure), then what would be the minimum amount that she’d have to pay on her overdraft protection line?
Business
1 answer:
vagabundo [1.1K]3 years ago
3 0

Answer:

$45

Explanation:

Calculation for what would be the minimum amount that Isabella Harris have to pay on her overdraft protection line

Using this formula

Percentage of monthly payment requirement × The new balance

Let plug the formula

5% * 862 = 43.1

Now we are going to round it to nearest $5

Thus, to the nearest $5 will be $45.

Therefore what would be the minimum amount that Isabella Harris have to pay on her overdraft protection line would be $45

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How has technology fragmented the audience for sports and entertainment commodities?
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Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.
vekshin1

Answer:

$210

Explanation:

Date    Description   Units  Price  Total Balance

1-Jun    Opening        15   $12   $180   $180  

5-Jun    Purchase      10      $13     $130          $310  

12-Jun   Purchase      20     $14     $280         $590  

17-Jun   *Sale             -30               -$380        $210  

*Working

Sale

Date          Units   Price     Total

17-Jun       -15 $12   $(180)  

                -10   $13   $(130)  

                -5   $14   $(70)  

Total Sale -30           -$380  

So, the correct answer is $210.

3 0
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Answer:

<u>Journal Entry :</u>

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