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Ivanshal [37]
3 years ago
5

Which method for calculating a credit card balance does not take into account the purchases or the payments made during the curr

ent billing cycle?
Business
2 answers:
Allushta [10]3 years ago
5 0

Answer:

The Adjusted Balance Method Calculation.

Explanation:

The adjustment balance method for calculating credits uses the previous balance from the end of the last credit or billing cycle excluding any payments and billings made during the current billing cycle.

It gives a grace period on new expenditures and if payment are made for the new credits before the last day, there will be no billing charges.

Vaselesa [24]3 years ago
3 0

Answer: previous

Explanation:

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Unless an exemption applies, under the Investment Advisers Act of 1940, an investment adviser is required to A) furnish a statem
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Non-toxic-toys currently has $400,000 of equity and is planning a $160,000 expansion to meet increasing demand for its product.
Rashid [163]

Answer:

1. $100,000 and 25%

2. $137,200 and 34.3%

3. $150,000 and 27%

Explanation:

1. It does not expand

    a. Net income= $100,000 (as given in the question)

    b. Return on equity= (net income)/(shareholder’s equity)

Shareholder’s equity= $400,000

Thus return on equity= 100000/400000 = 0.25  or 25%

2. It expands and issue $160,000 in debt

    a. Net income= $100000 + 50000 –  12800 (debt interest 8% of     $160000)

= $137,200

b. Return on equity= (net income)/(shareholder’s equity)

= 137200/400000

=0.343  or 34.3%

3. It expands and raises equity of $160000

a. Net Income= $100000 + 50000

= $150000

b. Return on equity= (net income)/(shareholder’s equity)

= 150000/(400000 + 160000)

Where ($560,000) 400000 + 160000 is shareholder’s equity

= 0.27 or 27%

5 0
3 years ago
The degree of pretax cash flow operating leverage at Rackit Corporation is 2.7 when it sells 100,000 units of its new tennis rac
coldgirl [10]

Answer:

the fixed costs for Rackit Corporation is $161,500.

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Cash Flow DOL = 1 + Fixed Cost / EBITDA

2.7 = 1 + Fixed Cost / 95,000

1.7 = Fixed Cost / 95,000

Fixed Cost = $161,500

Therefore, the fixed costs for Rackit Corporation is $161,500.

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3 years ago
In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an
zhannawk [14.2K]

Answer: 0

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Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.

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