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
MAVERICK [17]
3 years ago
13

The balance of Chiaki's average balance checking account at the beginning of the last cycle was $100, and the only transaction f

or the cycle was a check that Chiaki wrote for $20, which cleared exactly halfway through the cycle. On what amount did Chiaki's checking account pay interest last cycle?
Business
2 answers:
e-lub [12.9K]3 years ago
4 0
<span>She had $100 for the first half through the cycle.

</span><span>Chiaki wrote a cheque for $20.
</span>
Now she had $80 for the second half through the cycle.

Therefore:

Amount = (1/2) × 100 + (1/2) × 80 

Amount = 50 + 40 

Amount = $90
Ne4ueva [31]3 years ago
3 0
The correct answer is $90
You might be interested in
Wilson foods corporation leased a commercial food processor on september 30, 2018. the five-year finance lease agreement calls f
ella [17]

Answer:

The journal entry to record the lease would be:

                      Debit        Credit

Asset            $3,000,000

   Lease Payable     $3,000,000

                    Debit        Credit

Lease Payable           $195,774

   Cash     $195,774

Explanation:

To prepare the journal entry to record the lease we would have to calculate the present value of lease payments as follows:

present value of lease payments=$195,774*15.32380=$3,000.000

Therefore, the journal entry to record the lease would be:

                      Debit        Credit

Asset            $3,000,000

   Lease Payable     $3,000,000

                    Debit        Credit

Lease Payable           $195,774

   Cash     $195,774

8 0
3 years ago
Stockholders' equity totaled $94,000 at the beginning of the year. During the year, net income was $24,000, dividends of $9,000
Tomtit [17]

Answer:

$131,000

Explanation:

The computation of the ending balance of stockholder equity is shown below:

= Beginning balance of stockholder equity + net income - dividend paid + additional common stock issued

= $94,000 + $24,000 - $9,000 + $22,000

= $131,000

Therefore, the ending balance of stockholder equity is $131,000

We simply added the net income and the additional common stock issued and deduct the dividend paid to the beginning balance of stockholder equity so that the ending balance could come

7 0
3 years ago
Which expense has to be incurred at the time of Production?<br> a)fixed<br> b)variable
Setler [38]
Both but fixed goes first so a is correct
7 0
2 years ago
Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she l
Lostsunrise [7]

Question Completion with Options:

2.5 percentage points

1.5 percentage points

3.5 percentage points

6.5 percentage points

Answer:

Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:

1.5 percentage points

Explanation:

The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.

7 0
3 years ago
If you deposit $100.00 into a savings account EACH month, how much
andrezito [222]

Answer:

100×12=1200

1200×6%=72

1200+72=1272

5 0
2 years ago
Other questions:
  • What type of relationship do two people who work the same job share?
    11·1 answer
  • Laura is 8; her performance on a series of tasks is equivalent to that of the average 10-year-old. her intelligence quotient is:
    9·1 answer
  • Market​ __________ evaluates each market​ segment's attractiveness and selects one or more segments to serve.
    5·1 answer
  • Drew buys 100 shares of Balsamic Corporation for $23 per share. Over the next year, Balsamic pays four quarterly dividends of 20
    14·2 answers
  • "Try reorganizing your company. Make sure that all of the employees who are doing one kind of work report to the same manager. W
    11·1 answer
  • Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Borrowing Lending S0(
    13·1 answer
  • Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $65,000 per
    10·1 answer
  • What is the meaning of market testing?
    13·2 answers
  • able below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded
    11·1 answer
  • In response to accounting scandals and the collapse of Enron at the turn of the century, the U.S. Congress passed the Sarbanes-O
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!