Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 31 day billing cycle. on july 8 the previous balan

31 Day Billing Cycle. On July 8 the previous balance on a credit card was...

60.1K

Verified Solution

Question

Accounting

31 Day Billing Cycle. On July 8 the previous balance on a credit card was $328. A payment of $270 was made on July 20, and a charge of $169.88 was made on July 16th. If the finance charge is 1 1/2% based on the average daily balance, find the finance charge for the month.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Two charged metal balls of a different size, radius R1 is bigger than R2, and then...

Physics
Q

Healthcare Information Systems 1. Outline the health information regulations of various government agencies. 2. Contrast electronic tools used...

General Management
Q

If a pedestrian crossing the middle of the street not at a crosswalk also known...

Biology
Q

X y 12 Question 4 a 9 TV a X 12 The two triangles below...

Geometry
Q

Given the following equation, solve for x.32x-333x+1x=4no solutionx=-4X-2

Basic Math
Q

Divide using the quotient rule.42xy/7xy

Basic Math
Q

Graph the following function by hand and support your skelch with a calculator graph Give...

Algebra
Q

20. Ellison Electronics has Cash of $200, Accounts Receivable of $800, Supplies of $400, Supplies...

Accounting
Q

Recommending Controls You will have the opportunity in this discussion to recommend...

Accounting
Q

15 of 25 A cost incurred by the seller when credit customers do not pay...

Accounting
Q

In activitybased costing, costs are classified into unit level, batch level, product level and facility...

Accounting
Q

Starborn Manufacturing Co. completed the following transactions during 2024. Click the icon to view the...

Accounting