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Arisa [49]
2 years ago
5

If creditors add finance charges after subtracting payments made during the billing period, this is called the: A. APR method. B

. average daily balance method. C. previous balance method. D. adjusted balance method.
Business
2 answers:
vladimir1956 [14]2 years ago
6 0

The correct answer is D. Adjusted balance method.

Adjusted balance method in termed as the method which is being used by finance companies and banks to calculate for finance charges or interest income. which is known to be associated with credit card account or bank account.

The finance waits to aggregate all the adjustments and also calculates finance charges or interest rates by the end of billing period which will depend with the ending balance.

Monica [59]2 years ago
4 0

The answer is <u>"D. adjusted balance method."</u>


The adjusted balance method is the most well-known technique utilized by banks and back organizations to figure the premium wage or fund accuses related of a ledger or charge card account, separately. Basically, the bank or back organization holds up until the finish of the charging time frame, totals all changes made to the record amid the period, and after that figures any premium or fund charges dependent on this closure balance.  

Hence, the adjusted balance method tends to result in lower intrigue and expense charges to clients for Visa accounts. This can be a key choice factor for a man or business exploring which charge card to receive.

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What is the consumer credit act
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The Consumer Credit Act is protections to apply between agreements between traders and individuals, sole traders, partnerships and unincorporated associations. But not agreements made between traders and bodies.
7 0
2 years ago
In the summer, ben often jogs during the middle of the day. when he exercises in these conditions, he sweats heavily. the recomm
stira [4]
In order for Ben to maintain his fluid balance, he should take huge amounts of liquid, and the best liquid that he should take is water. He should take and drink water when jogging, in order to keep himself hydrated as he sweats a lot and when he does not consume water with this behavior, he would likely be dehydrated as he loses the balance of maintaining liquid in his body.
3 0
3 years ago
Who are decision makers within organizations? (Check all that apply.)
dedylja [7]

Answer: Consultants

Explanation: They give their ideas and the company works according to that. If the company managers take decisions that suits them the employees and owners will adhere but the consultants might turn it down which affects the company immensely.

6 0
3 years ago
On June 10, Blossom Company purchased $7,100 of merchandise from Sunland Company, terms 4/10, n/30. Blossom Company pays the fre
Marysya12 [62]

Answer:

June 10

Dr Inventory $7,100

Cr Accounts payable $7,100

June 11

Dr Inventory $350

Cr Cash $350

June 12

Dr Accounts payable $600

Cr Inventory $600

June 19

Dr Account payable $6,500

Cr Cash $6,240

Cr Inventory $260

Explanation:

Preparation of a separate journal entries for each transaction on the books of Blossom Company.

Books of Blossom Company

June 10

Dr Inventory $7,100

Cr Accounts payable $7,100

June 11

Dr Inventory $350

Cr Cash $350

June 12

Dr Accounts payable $600

Cr Inventory $600

June 19

Dr Account payable $6,500

($7,100-$600)

Cr Cash $6,240

($6,500-$260)

Cr Inventory $260

(4%*$6,500)

8 0
3 years ago
Alpha Wood Interiors announced that it is going out of business. As of today, no more regular dividends will be paid. The firm w
xz_007 [3.2K]

Answer:

$44.52

Explanation:

The value of the stock today can be determined by finding the present value of the liquidating dividends

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 17

Cash flow in year 1 = 32

I = 6%

PV = $44.52

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

4 0
2 years ago
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