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Komok [63]
3 years ago
10

Suppose the one-month billing cycle for a credit card ends on the last day of the month. On which of the following end-of-month

dates will the lowest periodic rate be changed?
A. July 31
B. January 31
C. May 31
D. April 30
Business
2 answers:
lorasvet [3.4K]3 years ago
8 0

Correct answer choice is:

D. April 30

Explanation:

The billing cycle for a credit card or whatever sort of cyclical account is the duration of time connecting billings. For instance, a billing cycle may begin on the 1st day of the month and finishes on the 30th day of the month. Or, it may proceed of the 15th of an individual month to the 15th of the following month.

sasho [114]3 years ago
8 0
I think the end month dates in which the lowest periodic rate will be changed is : D, April 30
The more days a month has, the higher the periodic rate will be. So the lowest one will be the month with fewest days.
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Barker Company paid cash to purchase two identical inventory items. The first purchase cost $18.00 cash and the second cost $20.
Virty [35]

Answer:

The correct answer is D

Explanation:

Cash flow method is the method where the costs or the expenses are moved or shifted from the starting to the end of the firm. The flow of expenses does not apply to the inventory but also involve the other factors in the extra processes to which the cost is attached.

So, the baker purchased the inventory items at different prices and then the sold the one inventory item at profit, so the amount of the cash flow from the operating activities will not affected through the method of cash flow.

8 0
3 years ago
Guiding Question
daser333 [38]

Answer:

C.

Explanation:

C. Unitariy Elastic

Demand

For the building in option C.

7 0
2 years ago
You buy a seven-year bond that has a 5.25% current yield and a 5.25% coupon (paid annually). In one year, promised yields to mat
Rufina [12.5K]

Answer:

HPR = 0.371%

Explanation:

we must first determine the price of the bond in 1 year:

present value of face value = $1,000 / (1 + 6.25%)⁶ = $695.07

present value of coupon payments = $52.50 x 4.87894 (PV annuity factor, 6.25%, 6 periods) = $256.14

market price in 1 year = $951.21

since you bought the bond at face value (market value = YTM), the the holding period return is:

HPR = [(ending price - actual price) + dividends received] / actual price

HPR = [($951.21 - $1,000) + $52.50] / $1,000 = $3.71 / $1,000 = 0.371%

5 0
3 years ago
Joshua borrowed $500 on January 1, 2017, and paid $25 in interest. The bank charged him a service charge of $15. He paid it all
Elena-2011 [213]

Answer: 8%

Explanation:

The Annual Percentage Rate or APR for short is calculated by dividing the finance cost by the total amount borrowed in the following manner,

APR = Finance Charge / Amount borrowed.

To calculate the Finance charge we add the interest and the service charge.

Finance charge = 25 + 15

= $40

Back to the APR formula we will have,

APR = Finance Charge / Amount borrowed

APR = 40/500

= 0.08

APR is 8%.

3 0
3 years ago
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
tamaranim1 [39]

Answer and Explanation:

The answer is attached below

3 0
3 years ago
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