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Sedbober [7]
3 years ago
12

Determine the finance charge using the previous balance method. The account balance on April 1st is $50.51. On April 15th, a pay

ment of $15.00 is made. On April 25th, a purchase of $19.27 is made. What is the finance charge if the annual rate is 18%?
Business
1 answer:
Sedbober [7]3 years ago
5 0

Answer:

$0.7577

Explanation:

The computation of the finance charge is shown below:

Finance charge =  The account balance × monthly rate

where,

The account balance = $50.51

Monthly rate = 18% ÷ 12 months = 0.015

So, the finance charge is

= $50.51 × 0.015

= $0.7577

We simply multiplied the account balance with the monthly rate so that the finance charge could come

All other information is not relevant. Hence, ignored it

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The following information pertains to JAE Corp. at January 1, 2018:
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Answer:

Issued shares =5000

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Explanation:

Jan-1 Issued shares = 2000 shares

During year 3000 shares were issued.

a.) Outstanding shares =?

we know that Outstanding shares = issued stock -repurchased shares- treasury stock

                =   2000+3000-500+200

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b.) Shares of common stock issued=?

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3 years ago
The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli
iragen [17]

Answer:

$39.40

Explanation:

According to the situation, the solution is as follows

The Net asset value of the fund is

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8 0
3 years ago
All of the following are good ways to learn about different careers except
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3 years ago
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Keswick Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will be given 20
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Answer:

Incremental cash flow= $1,369.863~ $1,370

Explanation:

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3 0
3 years ago
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