Financial Accounting: [6 points] Star Mobile Store-bought phones worth $40,000. Terms include 2/10, n/30. If they pay within the discount period, calculate the amount of payment after cash discount.
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![Financial Accounting: [6 points]
Star Mobile Store-bought phones worth $40,000.
Terms include 2/10, n/30. If they pay within the
discount period, calculate the amount of payment
after cash discount.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65b25c43-d5dd-46c3-b600-e000654e0755%2Fd44a05b2-35a5-4572-9fae-8e47012c25f0%2Fvke02vr_processed.jpeg&w=3840&q=75)
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- Subject: accountingF1 please healp......LATION Saved V Mailings Review View Help Grammarly lity: Investigate O Search (Alt+Q) The balance on a credit card, that charges a 10.5% APR interest rate, over a 1 month period is given in the following table: I Days 1-5: $200 (initial balance) Days 6-20: $350 ($150 purchase) Days 21-30: $150 ($200 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [?] Round to the nearest hundredth. DELL Enter
- 6. A business allows customers to pay with a credit card or with cash. If paid with cash, the customer receives a discount of 100r%, where 0Calculate the average daily balance and finance charge on the statement below. Assume 2% finance charge on average daily balance. Note: Round your "Finance charge" to the nearest cent. 7/3 7/18 7/27 30-day billing cycle Balance Payment Charge Walmart Average daily balance Finance charge $ 400 100 250 CreditSolve $140.10 per month; cash price $5,600; down payment $0 Cash or trade months with bank-approved credit; amount financed $5,600 Finance Charge $2,806 Total payments $8,406 (Use Tables in the handbook). The APR by Table lookup is:You have a credit card with an APR of 16%. You begin with a balance of $750. In the first month you make a payment of $550 and you make charges amounting to $400. In the second month you make a payment of $300 and you make new charges of $600. Complete the following table. (Round your answers to the nearest cent.) Previous balance Payments Finance charge New balance Purchases Month 1 $750 Month 2 %24 24 eBookCalculate the average daily balance and finance charge on the statement below. Note: Round your answers to the nearest cent. 9/16 9/19 9/30 10/3 Billing date Payment Charge: Home Depot Payment 30-day billing cycle Previous balance 10/7 Cash advance Finance charge is 1.5% on average daily balance. Average daily balance Finance charge $ 66 Credit 1,800 66 Credit 76 $ 2,600$5.99/month for Online Bill Pay (waived with $500 in direct deposits per calendar month) on the Pure Checking account from First Hawaiian Bank What does that mean?20. Kiwi Company has an agreement with a major credit card company which calls for cash to be received ten days upon deposit of Kiwi customers' credit card sales receipts. The credit card company receives 3% of card sales as its fee. If Kiwi has $6,000 in credit card sales, show the journal entries to record the sales, and receipt of customer's payment.N. Saving... V O Search (Alt+Q) ngs Review View Help Grammarly The balance on a credit card, that charges a 28.5% APR interest rate, over a 1 month period is given in the following table: Days 1-3: $150 (initial balance) Days 4-20: $200 ($50 purchase) Days 21-30: $50 ($150 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? Hint: First, calculate the balance for the 30 days. To do this, take the number of days and multiply it by the balance. What was the balance for the first 3 days? 3($[?]) + ($200) + ($50) EnterWhat is Verizon Wireless’s average daily credit sales? (Enter your answer in $ Million.) Select Financial Metrics Month Avg 2020 Accounts Receivables 409,489 Credit Sales 690,049 Cash On Hand 1348 All figures in $ Millions Note figures are the monthly average.SEE MORE QUESTIONS