Options:
a. Balance Transfers
b. Cash Advances
c. Payments
d. Interest Charges
Answer:
c. Payments
Step-by-step explanation:
Of all the given options, only (c) Payments decreases amount owed.
(a) Balance transfer means one is taking out cash from the account (i.e. a debit transaction); (b) Cash advances implies a withdrawal transaction from one's account and (c) Interest charges is the amount of interest deducted from an account over a debt for a given period.
As analysed , each of the above transactions increases debts.
However, (c) Payments implies a credit transaction and as such, reduces the amount owed.
Answer:
I'm not to sure of this answer
Answer:
A person bought three lots for $22,000 net each and divided them into four lots of equal frontage. The lots were then sold for $18,000 each. What was the approximate percentage of gross profit? 9%The initial investment was $66,000 (3 lots at $22,000 each).
