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Alexandra [31]
3 years ago
5

Cecil has a credit card that uses the adjusted balance method. For the first 10 days of one of his 30-day billing cycles, his ba

lance was $340. He then made a purchase for $290, so his balance jumped to $630, and it remained that amount for the next 10 days. Cecil then made a payment of $150, so his balance for the last 10 days of the billing cycle was $480. If his credit card's APR is 19%, which of these expressions could be used to calculate the amount Cecil was charged in interest for the billing cycle?
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

To calculate the amount of interest that Cecil was charged we can use the following formula:

interest charged = (APR / 365) x 30 days x adjusted balance

where:

Adjusted balance = previous balance – current payments  = $340 - $150 = $190

interest charged = (19% / 365) x 30 x $190 = $2.97

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Answer:

Option A

Explanation:

  • Debit is for increasing expenses and assets
  • Where as credit decreases them.

As per Newtons third law every action has a equal and opposite reaction

  • So every debit have a equal credit in trial balance.

Opt A is correct

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Aspen Company estimates its manufacturing overhead to be $515,000 and its direct labor costs to be $515,000 for year 2. Aspen wo
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Answer:

COGS    3807 debit

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Explanation:

overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

$515,000 overhead /  515,000 labor cost = $1

each labor cost generates a dollar of overhead.

221,400 x 1 =   221,400 overhead in COGS

459,200 x 1 = 459,200 overhead in Finished Goods

139,400 x 1 =   139,400 overhead in WIP inventory

Total applied  820,000

Actual            805,900

Underapplied    14,100

Now we weight each concept and determiante the portion underapplocated in each concept

\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]

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Create an outline of your paragraph about your participation in the economy this week. describe how you were a consumer or produ
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<span>I contributed to the total supply of money in the economy because my demand for good and services were paid for using money and it made the supplier to have more resources with which he can manufacture or purchase more product so that consumers can purchase. In this my economic decision was using the money which I could have used for other purposes for the purchase of goods and services as I had to forgo something and also my account balance became reduced as a result of the decision i made</span>
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Sherif’s (1966) classic Robbers Cave study of boys at summer camp finds the relationship between the two groups of boys immediately deteriorated when the event began.

In the 1940s and 1950s, social psychologist Muzafer Sherif and his associates conducted a number of investigations, including the Robbers Cave experiment. Sherif investigated the interactions between male groups at summer camps and a competitor group with the hypothesis that "when two groups have competing purposes... their members would become antagonistic to one other even when the groups are constituted of normal well-adjusted individuals at a summer camp " The Robbers Cave study found the incident swiftly escalated once the parties started throwing jabs. The Sherif discovered that the summer camps' surveys, in which they were asked to score their own team and the opposing team on good and bad attributes, contained questions about group animosity.

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