About the credit card bill

Assignment Help Financial Management

Reference no: EM13878039

CJanet just got her credit card bill. The bill is for a 30 day billing period. The bill indicated that she started with a $900 balance, on day 14 charged $200, on day 20 charged $99, on day 26 paid $500. There was no other activity on the account during the 30 day period. What is her average daily balance for the month if calculated inclusive of new purchases on the day they were incurred?

Reference no: EM13878039

Questions Cloud

About the bond yields : Bond Yields. A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%. (LO6-1) a. If interest is paid annually, what is the bond’s price? b. Is the bond’s yield to maturity more or less than 8%?

The initial cost of federal highway project : The initial cost of a federal highway project is $4 million. The road will require maintained at a cost of $50,000 a year during its 20 year life. If benefits of $300,000 a year have been identified, the B/C value at an interest rate of 6% a year is?

Calculate accounts receivable-inventory-current assets : You are given the following selected financial information for The Blatz Corporation. Income Statement Balance Sheet COGS $750 Cash $250 Net Income $160 Net fixed assets $850 Ratios ROS 10% Current ratio 2.3 Inventory Turnover 6.0 x ACP 45 days Debt ..

Cash referencing using least example of assets-liabilities : Contrast sources and uses of cash referencing using at least two examples of assets and liabilities (four total). Provide examples of how cash is used or provided depending on whether it is categorized as an asset or liability.

About the credit card bill : CJanet just got her credit card bill. The bill is for a 30 day billing period. The bill indicated that she started with a $900 balance, on day 14 charged $200, on day 20 charged $99, on day 26 paid $500. There was no other activity on the account dur..

Difference between fundamental and technical analyst : What is the difference between a fundamental analyst and a technical analyst? Strong-form market efficiency implies that one could earn above-average returns by examining the history of a firm's stock price. Sustainable growth rates can be estimated ..

What happens to discount bond as time to maturity decreases : When the market interest rate exceeds the coupon rate, bonds sell for less than face value to provide enough compensation to investors. A bond's rate of return is equal to its coupon payment divided by the price paid for the bond. What happens to a d..

Residual income is another term for economic value added : Residual income is another term for economic value added. ROE is equal to ROA when the firm has no debt. An asset's liquidity measures its: Which of the following actions could improve a firm's current ratio if it is now less than 1.0? What is the re..

Calculate the affordable mortgage amount : Calculate the affordable mortgage amount that would be suggested by a lending institution based on Jamie and Ross's income which is $45,000 & 70,000. How does this compare with the traditional financial guideline which is the two and a half times you..

User Account

All Pages