1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
2 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]2 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

You might be interested in
Which of the following is true of both paying with a check and paying with a debit card? A. Both work like a loan from your bank
Sedaia [141]
<span> B. When used, both take money directly out of a bank account.</span>
7 0
3 years ago
Oromyx Inc., a manufacturer of home appliances, received consumer complaints about its product demonstration and installation se
Klio2033 [76]

Answer:

B) customer satisfaction

Explanation:

Customer satisfaction is a measure that shows how happy the customers are with the products and services of the company. In this scenario, the work team improved the customer satisfaction because when the employees were trained, they were able to offer a better service which increased customer satisfaction and this was reflected in the service ratings and the rise in sales.

4 0
3 years ago
For a restaurant, the logical activity base for wages expense would be a. number of customers. b. number of employees. c. number
vovikov84 [41]

Answer: The answer is B, the logical activity base for salary expenses is Number of employees.

Explanation:  

For a restaurant, the logical activity base for salary expenses is the number of employees because the more employees you have, the more salary expenses the company will have.

6 0
3 years ago
(Last Word) According to Yale University's Environmental Performance Index (EPI), A) growth in GDP per person initially improves
tatiyna

Answer:

B) countries with higher GDP per person tend to have healthier environments.

Explanation:

According to the 2020 Environmental Performance Index (EPI) elaborated by Yale and Columbia universities, a strong positive correlation exists between high GDP per capita and healthier environments. There are a few exceptions to this correlation, in Asian (especially Arab) countries where GDP per capita might be high, but the vast majority of income is received by a vary small number of people. But in the rest of the world, a high GDP per capita generally results in healthier environments.

7 0
2 years ago
Marisol's online jewelry store originally sold only earrings and necklaces for women. After adding men's rings and cuff links, p
den301095 [7]

Answer: C. Profitability of unisex watches.

Explanation: Merchandising strategy is a business tactics or process that contribute or bring in sales of goods and services for profit.

Marisol made double profit when she added men cufflinks and men rings to her online jewelry store business. Now she wants to consider adding unisex watches to it, using merchandising strategy she should consider the profitability of " unisex watches ".

5 0
2 years ago
Other questions:
  • Describe three aspects of due process for a school seeking to suspend a student with disabilities
    14·1 answer
  • Which of the following is true of cellphone communication?​ ​It is free from policies and legal restrictions. ​It is cost-effect
    5·1 answer
  • Cassandra's Boutique has 2,100 shares outstanding at a market price per share of $26. Sally's has 3,000 shares outstanding at a
    12·1 answer
  • David is the HR manager at Garden Pipes International. For filling the vacancies created by recent retirements in the finance​ d
    9·1 answer
  • Internal controls are designed to accomplish five objectives that include compliance with legal​ requirements, promote operation
    10·1 answer
  • The basic difference between a good and a service is that a good:
    5·1 answer
  • Taking stock of where the firm or product has been recently, where it is now, and where it is headed in terms of the organizatio
    10·1 answer
  • Give a minimum of three reasons why a cover letter is important
    9·2 answers
  • How can being involved in extracurricular activities help you stand out on your college application?​
    13·1 answer
  • In photography where ur light source comes from makes a big difference because it will invariably create certain effects on ur s
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!