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insens350 [35]
3 years ago
8

Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method.

Mathematics
1 answer:
Rufina [12.5K]3 years ago
6 0

Answer:

Step-by-step explanation:

Previous balance = $410.22

Payments/credits = $160.00

unpaid balance : $410.22-$160.00=$250.22

Monthly rate = 1.25%

Finance charge : 1.25 % of $250.22=$3.7533

Total balance to be paid when Finance charge is included : $250.22+$3.7533=$253.9733

New balance :

$253.9733+$95.25=349.2233

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8. Use the information below about an example company to calculate the financial ratios below.
11Alexandr11 [23.1K]
<span>Given:
Net profit before tax = $208,000
Total equity = $500,000
Total assets = $330,000
Total liabilities = $150,000
Current assets = $64,000
Current liabilities= $45,000

Return on Equity = Net Income / Shareholder's equity = 208,000 / 500,000 = 0.416 or 41.6%.

Return on Assets = Net Income / Total Assets = 208,000 / 330,000 = 0.63 or 63%

Debt ratio = Total Liabilities / Total Assets = 150,000 / 330,000 = 0.4545 or 45.45%

Debt to equity ratio = Total liabilities / Total Equity = 150,000 / 500,000 = 0.30 or 30%

Current ratio = Current Assets / Current Liabilities = 64,000 / 45,000 = 1.42</span>
8 0
3 years ago
Find the average of 62 ℓ, 28 ℓ, 45 ℓ and 33 ℓ.
artcher [175]

Answer:

the average is 168

Step-by-step explanation:

5 0
3 years ago
A company finds that there is a linear relationship between the amount of money that it spends on advertising and the number of
Kay [80]

The formula for the equation of y, the number of units sold as a function of x is y = 0.00625x + 250

<h3>How to illustrate the equation?</h3>

From the information given, when the company spends no money on advertising, it sells 250 units and for each additional $4000 spent, an additional 25 units are sold.

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y = 0.00625x + 250

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One ounce is approximately 28.3 grams. Write a direct variation equation that relates x ounces to y grams.
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Step-by-step explanation:

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