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melisa1 [442]
3 years ago
8

After posting the transactions from Part A, you should have the following account balances. Use this information to prepare eith

er a multiple step income statement or a contribution format income statement.
Account Name Debit Credit
Raw Materials $33,400
Cash $133,100
Work in Process $391,800
Salaries Expense $47,000
Rent Expense $5,100
Advertising Expense $12,000
Sales Commissions Expense $26,000
Accumulated Depreciation $21,000
Depreciation Expense $5,000
Cost of Goods Sold $203,600
Sales Revenue $51 9,000
Business
1 answer:
jekas [21]3 years ago
3 0

Answer: Its B

Explanation:

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Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances w
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Complete question:

Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.

What is Bradley's minimum payment?

A) $158

B) $189

C) $270

D) $1,890

Answer:

Bradley's minimum payment is (C) $270.

<h3>What is the percentage?</h3>
  • A percentage is a fraction of a whole expressed as a number between 0 and 100.
  • Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
  • To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>

Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.

So, to find the minimum payment find 3% of $9000.

3% of $9,000 = $270.

Therefore, Bradley's minimum payment is (C) $270.

Know more about percentages here:

brainly.com/question/24304697

#SPJ4

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