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mafiozo [28]
4 years ago
8

Combine the information in the problem and the chart using the average balance method to solve the problem. The account balance

on April 1st is $50.51. On April 15th, a payment of $15.00 is made. What is the average daily balance for the account
Business
1 answer:
ololo11 [35]4 years ago
7 0

Answer:

$42.51

Explanation:

The daily balance during April 1st to April 14th was $50.51, then from April 15th to April 30th is was 35.51.

average daily balance = [($50.51 x 14 days) + ($35.51 x 16 days)] / 30 days = ($707.14 + $568.16) / 30 days = $42.51

The average daily balance is used to calculate interest charges by adding the debt balance at the end of every day, and then dividing it by the number of days in the month. This method is commonly used by banks that issue credit cards.

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I think its B thanks:)
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3 years ago
Which of the following price indices is designed to measure changes in the prices of goods and services purchased by a typical i
skad [1K]

Answer:

d. Consumer price index

Explanation:

Consumer price index in any country consists of goods and services that are used in day to day activities by consumers e.g. daily food items, utilities, transportation etc. The index is used to measure the increase in weighted average prices of the constituents over a particular time.

Option A is price index for producers that measures the increase in price of goods and services that are typically used by different producers for their output.

Option B is an analysis that is used to assess the trends of any economy. This analysis is performed by government economists, officials and government to make informed decisions about future actions. Individuals have no use of the index.

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4 years ago
You notice that you always make your transaction at the very beginning of the round. Although​ it's nice to transact every​ time
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Answer:

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Based on the information provided within the question it can be said that offering a price so low that buyers immediately accept it might mean you're receiving too small of a gain. That is because if a buyer is immediately accepting it, then it can be because they realize that it is a great deal and that they will most likely not find a better price anywhere else and immediately decide to buy it from you. Therefore you can be selling it for an increased profit margin by increasing the price.

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4 years ago
The last time an attorney addresses a jury is during the
enot [183]
The closing argument.

Hope this helps!
6 0
3 years ago
Read 2 more answers
2. What are some ways you should categorize your financial documents (choose all that apply)
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Answer:

<h2><u>Credit Card Statements</u></h2><h2><u>Tax Returns </u></h2><h2><u>Bank Statements</u></h2>

Explanation:

<em>Hope this helps :)  </em>

<em>Pls make brainliest :3  </em>

<em>And have an amazing day <3</em>

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3 years ago
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