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Colt1911 [192]
3 years ago
14

You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this b

illing period. You made a payment of $150. Your APR is 16.5%. Using the adjusted balance method, what is your new balance?​
Business
2 answers:
AleksandrR [38]3 years ago
8 0

Answer:

The new monthly balance will be $618.235.

Explanation:

Since you have a credit card account with a previous balance of $ 635, and you added two additional purchases for $ 75 and $ 50 during this billing period, and then you made a payment of $ 150 and your APR is 16.5%, to determine what is your new balance using the adjusted balance method, the following calculation must be performed:

(635 + 75 + 50 - 150) x (1 + 0.165 / 12) = X

610 x 1,0135 = X

618.235 = X

Thus, the new monthly balance will be $618.235.

Iteru [2.4K]3 years ago
3 0

Answer:

$618.39

Explanation:

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Which of the following represent features of evidence-based practice?
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Answer:

all of the above

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All of these represent features of evidence-based practice (EBP). It is now common for insurance companies to adjust the services they will pay for based on EBP guidelines.

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In the context of intraorganizational processes, _____ are characterized by broadly defined jobs and responsibilities; loosely d
Dmitriy789 [7]

Answer:

organic organizations

Explanation:

Organic organization -

This type of organisation was given by George Stalker and Tom Burns .

It refers to the type of organisation , which is can alter and adapt to the changes easily , there is very less job specialization , no proper centralized decision - making process , and not proper direct supervision , is referred to as an organic organisation .

Hence , from the given information of the question ,

The correct term is organic organisation .

4 0
2 years ago
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ende
AfilCa [17]

Answer:

Refer to the below explanation

Explanation:

1. Traditional income statement.

Revenue $1,260,000

Cost of goods sold = Beginning inventory + purchases - Ending inventory

= $70,000 + $285,000 - $105,000

=$ 250,000

Gross profit= Sales - cost of goods sold

= $1,260,000 - $250,000

=$1,010,000

Administrative expenses = $19 × ($1,260,000/450) + $105,000

= $158,200

Selling expenses = $50 × ($1,260,000/450) + $155,000

=$295,000

EBITDA = $556,800

2. Contribution margin statement

Sales. = $1,260,000

Less

Total Variable cost:

Cost of goods sold =$250,000

Variable selling exp.

2800 × $50=$140,000

Administrative exp.

2800 × $19=$53,200

Total variable cost. =$56,800

Contribution margin =$1,203,200

Less

Total Fixed costs:

Selling expenses =$155,000

Administrative expenses=$105,000

Total fixed cost =$260,000

Net profit. = $943,200

3. Contribution margin per ratio

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=$1,203,200 / 2,800

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5 0
3 years ago
What Are the Differences Between Depository and Non-Depository Institutions? The financial services industry in the United State
Burka [1]

Answer:

1. Accept deposits;make loan;deposits.

2. Commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.

Explanation:

Depository institutions are required to accept deposits and make loans although the general terms used to describe these financial products may vary across the various types of institutions. Non-depository institutions, in contrast, accept cash contributions from their customers, but the cash inflows are not called deposits instead, they're called shares or premiums.

Depository institutions include commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.

Non-depository financial institutions include mortgage banks, pension funds, insurance companies, mutual fund, securities firms etc.

3 0
3 years ago
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