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ANEK [815]
3 years ago
9

Orel's credit card has an APR of 12.15% and a grace period of 16 days, and Orel pays his balance in full every month. If his las

t billing cycle ended on June 24, 2009, and he made his payment on July 13, 2009, did he owe any interest on his last statement's balance?A. Yes, because he didn't pay within the grace period.
B. No, because he didn't pay within the grace period.
C. No, because he paid within the grace period.
D. Yes, because he paid within the grace period.
Business
2 answers:
My name is Ann [436]3 years ago
6 0

Yes he owes money because he did not pay it within the grace period. There is over 16 days between the billing cycle end date of June 24th and the payment due date of July 13th. Had Orel made his payment a few days sooner, he would not have been subject to interest on his account.

Aneli [31]3 years ago
3 0
. yes, because he didnt pay within the grace period 
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One important change that resulted from the movement to enterprise systems was the creation of​ stronger, faster, and more effec
nignag [31]

The answer to the space provided is hops. Therefore, when we complete the sentence, we will have ‘One important change that resulted from the movement to enterprise systems was the creation of stronger, faster, and more effective hops among value chains.’

3 0
3 years ago
not-for-profit organization held the following investments: Investment Cost Fair value (beginning of year) Fair value (end of ye
arsen [322]

Answer:

$14,900

Explanation:

not-for-profit organization will report the investments at the fair value of the investments end of year, in the year-end statement of financial position.

Here,

Investment                                   Fair value (end of year)

Stock A (100 shares)                                     $51

Stock B (200 shares)                                    $49

Stock A = (100 * 51) = $5,100

Stock B = (200 * 49) = $9,800

Total Investment fair value at end of year = $14,900

$14,900 will be the amount reported in stock investments in the year-end statement of financial position.

3 0
3 years ago
________ refers to all of the methods, policies, and organizational procedures that ensure the safety of the organization's asse
lilavasa [31]

Answer:

The correct answer is d) Controls

The goal of Control in an organization is making sure that the company's procedures meet the required criteria of a particular standard. A company needs to have accounting standards, production standards, and management standards, and it is through control processes that those standards are met.

7 0
3 years ago
Fabiola is an accountant with Rovers and Associates, a law firm in downtown Memphis. The firm maintains a checking account with
Lelu [443]

Answer:

C) Drawer

Explanation:

A drawer is an individual or institution that issues and signs a bill of exchange instructing a bank or drawee to pay the specified amount to the payee. The drawer is the person who writes and signs a cheque to a third party or payee. In a situation where the cheque is to pay oneself, the drawer is the same as the payee.

Rover and Associates is the drawer. The law firm issues the cheques instructing Portris Bank to pay the office manager the amount stated in the cheque.  The office manager is an employee of Rover and Associates. The cheque may be written to Rover and Associates. If that is the case, Rover and Associates is first the drawer and the then the payee. Portis bank is the drawee.

7 0
4 years ago
A Firm needs to replace most of its machinery in five years at a cost of $500,000. The company wishes to create a sinking fund t
DaniilM [7]

Answer:

The quarterly deposit required is $ 20,578.36

Explanation:

in order to determine the needed quarterly deposit, we make use of pmt formula in excel, which is given as :

=-pmt(rate,nper,-pv,fv)

rate is the rate of return on the deposit at 8% per year but 2% per quarter(8%/4)

nper is number of deposits required in the fund,which number of years ,5 multiplied by 4(4 deposits per year)

pv is the present of the value of the future amount which is zero as it is not required.

Fv is the amount expected in 5 years which is $500,000

=-pmt(2%,20,0,500000)

pmt= $20,578.36

6 0
3 years ago
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