1:54:10 á The phone bill for Company XYZ consists of two components. A fixed monthly subscription fee of $200 and a constant calling rate of $0.5 per minute. Assume that during February Company XYZ has a total call time of 10,200 minutes how much was the total phone bill ($) for the month of ?February 4,500 a O 5,100 4,900 None of the given answers dO 5,300 e O EYCEDT

1:54:10 á The phone bill for Company XYZ consists of two components. A fixed monthly subscription fee of $200 and a constant calling rate of $0.5 per minute. Assume that during February Company XYZ has a total call time of 10,200 minutes how much was the total phone bill ($) for the month of ?February 4,500 a O 5,100 4,900 None of the given answers dO 5,300 e O EYCEDT

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Email Address: Question 22 How many monthly payments of 1,000 does it take to accumulate 120,000, using end-of-month deposits in an account that earns 4.8% compounded monthly? Number of payments:
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QUESTION 2 Use the average daily method to find the finance charge on the credit card account for September (that will appear on the October bill). The starting balance from the previous month is 280$. The transactions on the account for the month are given below. Assume an annual interest rate of 29% on the account and that the billing date is October 1st. September has 30 days. The starting balance is 280$ Charged $123 Made a payment of $ 350 Returned a T-shirt $251 Charged $89 September 1 September 3 September 10 September 13 September 22 The finance charge is $ (Round the answer to nearest cent as needed. Type dollars and cents in the two given blanks.)
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9:21 PM Mon Feb 27 (4) 110 ? > Listen primaverahs.strongmind.com Costs of Credit Cards Billing Payment Date Date Mar. 3 Apr. 3 May 3 June 3 July 3 Aug. 3 Sept. 3 Oct. 3 Nov. 3 Dec. 3 Jan. 3 Rachel buys clothes from an online retailer. Her purchase total is $130, and she pays with her credit card. The card has a 22% annual interest rate, and her minimum payment is $14.00. Payments are due on the 9th of every month. Her payment schedule follows. Starting balance: $130.00 Mar. 7 Apr. 7 May 7 June 7 ●●● July 7 Aug. 7 Sept. 7 Oct. 7 Nov. 7 Dec. 7 Jan. 7 Workbook O $130.00 $143.77 $13.77 O $154.00 What is the total amount Rachel pays for the clothes? 3 of 4 Payment Interest Principal $14.00 $2.38 $11.62 $14.00 $2.17 $11.83 $14.00 $1.95 $12.05 $14.00 $1.73 $12.27 $14.00 $1.51 $12.49 $14.00 $1.28 $12.72 $14.00 $1.05 $12.95 $14.00 $0.81 $13.19 $14.00 $0.57 $13.43 $14.00 $0.32 $13.68 $3.77 Remaining Balance $118.38 $106.55 $94.50 $82.23 $69.74 $57.02 $44.07 $30.88 $17.45 $3.77 $0.00 Next 80%
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