A credit card bill due on April 5 showed a balance of $263. The cardholder forgot to pay the bill until the 20th of the month but paid the full amount of $263 at that time. In the meantime, the card was used to make purchases of $138 on the 10th of the month and $74 on the 20th of the month. What was the average daily balance for the billing period
A credit card bill due on April 5 showed a balance of $263. The cardholder forgot to pay the bill until the 20th of the month but paid the full amount of $263 at that time. In the meantime, the card was used to make purchases of $138 on the 10th of the month and $74 on the 20th of the month. What was the average daily balance for the billing period
Chapter1: Financial Statements And Business Decisions
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A credit card bill due on April 5 showed a balance of $263. The cardholder forgot to pay the bill until the 20th of the month but paid the full amount of $263 at that time. In the meantime, the card was used to make purchases of $138 on the 10th of the month and $74 on the 20th of the month. What was the average daily balance for the billing period?
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