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mafiozo [28]
4 years ago
14

Sidney took a $200 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee

on the amount borrowed and offers no grace period on cash advances. Sidney paid the balance in full when the bill arrived. What was the cash advance fee? What was the interest for one month at an 18 percent APR? What was the total amount she paid? What if she had made the purchase with her credit card and paid off her bill in full promptly? (LO5
Business
1 answer:
muminat4 years ago
3 0

Answer:

<u>Cash advance fee</u>

$4.00

(200 x .02 = 4)

<u>Interest for one month at an 18 percent APR </u>

$3.00

(200 x .18 x 1/12 = 3)

<u> The total amount she paid</u>

$207

(200 + 4 + 3 = 207)

If she had made the purchase with her credit card and paid off her bill in full promptly = $200

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Aberwald Corporation expects to sell 90,000 bags of lawn fertilizer annually. The optimal safety stock (which is on hand initial
UNO [17]

Answer:

Annual demand (U) = 90.000 bags

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Part A)

EOQ = \sqrt{\frac{2UO}{C}}

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EOQ = \sqrt{9000000}

EOQ = 3,000

Part B)

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Part C)

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Part D)

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4 0
4 years ago
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Answer:

In a production process new raw materials are considered_____ whereas the finished products are considered______

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WIP (Work IN Process)

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Work in process consists of materials labor factory overhead or collectively called as conversion costs. In Work in Process these are completed fully or to a certain limit and send to other processes for further work.

Units For sale

Finished goods are ready for sale and send to desired stores or ware houses for storage and further dispatching to retail stores.

Sometimes these units further need servicing or processes in other departments to make a complex unit . In these situations they are considered raw material for other processes.

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