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4 years ago

Interest begins accruing on a _____ the day of the transaction.

2 answers:

6 0

Interest begins accruing on a __ cash advance ___ the day of the transaction
.As interest is the
money that is paid regularly at a particular rate for the use of money lent
A __posting date___ is when a payment is credited to an account.
its the date at which money is being transected from bank
so correct option is B
hope it helps

EleoNora [17]4 years ago

5 0

1. Interest begins accruing on a _____ the day of the transaction.

a. cash advance

2. A _____ is when a payment is credited to an account.

b. posting date

3. Suppose that your goal is to build a credit history by establishing a FICO score. How should you approach payments on a long term loan such as a auto loan?

A. Pay minimum amount required on each bill

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Dawn's credit card company charges 2.5% per month, for any unpaid amount. For the month, Dawn purchased $650.00 worth of goods a

kodGreya [7K]

Answer:

$615

Explanation:

The interest rate on Dawn's credit card is 2.5%

Purchases for the month are $650.

Payments made in the month is $50.

Balance will be

Purchases balance and the interest on the credit card

Purchase balance : $650-$50 = $600

Interest for the month

=2.5% x 600

=0.025 x 600

=$15

Balance will be $600 + $15= $615

5 0

3 years ago

On July 1m 2017, Ling Co. pays $12,400 to Marsh Insurance Co., for a 2-year insurance contract. Both companies have fiscal years

Ronch [10]

Answer:

Journal entries

Explanation:

The journal entries are as follows

On July 1

Prepaid insurance Dr $12,400

To Cash $12,400

(Being the payment is recorded)

On December 31

Insurance expense Dr $3,100

To Prepaid insurance $3,100

(Being the insurance expense is recorded)

It is computed below:

= $12,400 × 6 months ÷ 24 months

= $3,100

6 0

4 years ago

What term refers to the percent of total revenues that represent a business's actual profit?

Sliva [168]

Pretty sure your answer is
B. Profit margin

7 0

4 years ago

Choose all that apply.

Aliun [14]

Annual fee, balance transfer fee, cash advanced fee, late fee, and over-the-limit fee are your answers.

8 0

3 years ago

Read 2 more answers

at the beginning of the month there were no units in beginning work in process and 115,000 units were begun during the month. At

vlada-n [284]

Answer:

The equivalent units for conversion costs is 87,000 units

Explanation:

First, we need to calculate the completed during the month

Completed units = Units begun during the month - Units in Work in process

Completed units = 115,000 - 40,000

Completed units = 75,000 units

Now calculate the equivalent unit in respect of conversion cost as follow

Equivalent units ( Conversion cost ) = Units completed in the month + ( Units in work in process x percentage of completion )

Equivalent units ( Conversion cost ) = 75,000 units + ( 40,000 x 30% )

Equivalent units ( Conversion cost ) = 75,000 units + 12,000 unints

Equivalent units ( Conversion cost ) = 87,000 units

8 0

3 years ago