a. Find the average daily balance for the billing period. Round to the nearest cent. 4 The average daily balance for the billing period is $. (Round to the nearest cent as needed.)

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A: Answer : Option b -73

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A: Lets understand the basics.Current ratio compares current assets with current liability. It shows…

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Q: 69 $ Amount of payment to be credited 400.00 $ Balance outstanding 400.00

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Q: Need Help with this Question

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A: The right answer is  option a. Average Collection Period

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A: 3/10,1/15, n/30 E.O.M It means the 3% discount will be received if the payment made within 10 days…

Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.