Find the finance charge on the september 10 bill

Assignment Help Management Theories
Reference no: EM131979750

On August 10, a credit card account had a balance of $345. A purchase of $64 was made on August 15, and $155 was charged on August 27. A payment of $75 was made on August 15. The interest on the average daily balance is 1.35% per month. Find the finance charge on the September 10 bill. (Round your answer to two decimal places.)

Reference no: EM131979750

Questions Cloud

Annual risk-free rate : The 1 year annual risk-free rate is 4% and the 2 year annual risk-free rate is 6%. Which option should you choose (for the highest present value)?
Total net profit on investment : The option expires today when the value of Exxon stock is $78.52. Ignoring transactions costs, what is your total net profit (or loss) on this investment?
Calculate the earnings per share : Calculate the earnings per share (EPS) under each of the three scenarios before any debt is issued.
What is the payoff on angela loan : Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a monthly payment of $599.50. After 3 years
Find the finance charge on the september 10 bill : The interest on the average daily balance is 1.35% per month. Find the finance charge on the September 10 bill.
Determining the marketable securities : The risk of illiquidity is increased if either cash and marketable securities are decreased, or if the firm relies more heavily of long-term debt.
What equipment is needed to run a business like computer : What equipment is needed to run a business like computer, do you need vehicles, what machines do you need, etc?
Calculate the company after-tax cost of long-term debt : a) Calculate the company's after-tax cost of long-term debt b) Calculate the company's cost of common stock
Calculate wacc based on book values : The stockholders' required rate of return, rs, is 12.00%. The tax rate is 40%. Calculate WACC based on book values.

Reviews

Write a Review

Management Theories Questions & Answers

  Why was the system a failure

West Coast University Medical Center (WCMC) is a large teaching and research hospital with a national reputation for excellence in healthcare practice.

  Determine the role played by a firm strategy plays

Identify the major types of organizational structures and evaluate the advantages and disadvantages of each for international operations. Determine the role played by a firm's strategy plays in determining organizational structure

  How is corporate it governance different from usual practice

How is corporate IT governance different from the usual practice? What are the elements of risk analysis? To what extent are common risk factors within individual applications and information systems helpful

  What did the promise imply about a country money supply

The Gold Standard and the Money Supply. Under the gold standard, all national governments promised to follow the "rules of the game."

  Characterize unemployment as frictional or structural

Do you know of places in your city or region (or country) that have been hit particularly hard by unemployment and underemployment.

  What type of hardware and software must the company purchase

BUSINESS INFORMATION SYSTEMS 612 ASSIGNMENT. You are employed as a communications advisor at Telemark, a telemarketing firm with over 1,500 telemarketers. How does Internet telephony work? What type of hardware and software must the company purchase ..

  How would proceed in infiltrating the organization

Computer hackers represent a unique, yet deviant subculture of sophisticated computer program specialists.

  How would you describe gary kellys leadership style

How would you describe Gary Kelly's leadership style?- Would you say that he's a charismatic leader? Why?- What sources of power does he have?

  Write a 1 paragraph comment on presentation on yahoo

For the given presentation on Yahoo, write a 1 paragraph comment.

  Was there a legally binding agreement

At 1:30 P.M. on February 9, Picarro received a telegram from Leggett revoking the offer. Was the revocation effective? 12. On April 13, Afton offered by mail.

  What do you think about the reflections

What do you think you would think of these reflections? Could they represent family members? Or friends? What about a god?

  What factors wold you consider in sams situation

Explain why Sams decision not to consider job sharing or part-time staff for the manager's position could be viewed by Sarah and Julie as either unintentional or intentional discrimination - What can Sam do to get Sarah and Julie motivated and enga..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd