Homework Help is Here – Start Your Trial Now!
Business
Accounting
How much did Joe pay for his last рayment? 3. Why was Joe charged $35 by the credit card company? 4. 5. How much interest was Joe charged for this month? 6. What is the credit limit that Joe has for this credit card? a. What is Joe's available li43

How much did Joe pay for his last рayment? 3. Why was Joe charged $35 by the credit card company? 4. 5. How much interest was Joe charged for this month? 6. What is the credit limit that Joe has for this credit card? a. What is Joe's available li43

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter6: Using Credit
Section: Chapter Questions
Problem 3FPE
See similar textbooks
icon
Related questions
Question
I need question 3-6 if that is okay
l AT&T ? 7:27 PM © 43% ... 3. How much did Joe pay for his last рауment? Why was Joe charged $35 by the credit card company? 4. 5. How much interest was Joe charged for this month? 6. What is the credit limit that Joe has for this credit card? a. What is Joe's available credit? 7. What is APR for purchases for thir credit card?
Transcribed Image Text:l AT&T ? 7:27 PM © 43% ... 3. How much did Joe pay for his last рауment? Why was Joe charged $35 by the credit card company? 4. 5. How much interest was Joe charged for this month? 6. What is the credit limit that Joe has for this credit card? a. What is Joe's available credit? 7. What is APR for purchases for thir credit card?
ll AT&T 2:52 PM 48% Directions: Use the credit card statement to answer the questions on the following page. Summary of Account Activity Payment Information $1270.54 $25.00 4/29/19 Current Balance..... Previous Balance Payments.... Other Credits Purchases Balance Transfers Cash Advances . $1000.00 Minimum Payment Due $500.00 $0.00 $725.00 $0.00 $0.00 receive your minimum payment by the date $0.00 listed above, you may have to pay a $35 late $35.00 fee and your APRa may be increased up to $10.54 the penalty APR of 28.99% Payment Due Date.... Late Payment WVarning: If we do not Due Amount. Fees Charged. Interest Charged Current Balance Credit Limit Available Credit Statement Closing Date Days in Billing Cycle. $1270.54 Total Minimum Payment Warning: If you $5000.00 make only minimum payments, you will pay $3729.46 04/2019 more and it will take longer to pay off your balance. For example: 30 Questicas! Call Customer Service...I-800-xXX- Lost or Stolen Credir Card.1-S00-K-XXX • if you pay only the minimum payment it wil take 93 monthe to pay off and you will have paid $1891.33 TRANBACTION BUMMARY Date Description Reference Charges Credits 3/25 Grocery Land $142.00 3/27 Book Store XX99900XX9 $33.00 4/1 Restaurant $125.00 4/19 Payment $500.00 4/19 Bob's Auto XX99900X9 $425.00 Fees and Iuterest $35.00 $0.00 $0.00 $0.00 10.54 FINANCE CHARGE CALCULATION Late fees Balance transfer feen Purchases @ 13.99% APR: $0.00 Balance Transfers @ 13.99% APR: $O.00 Cash advance fees Total fees for this period Total interest for i Cash Advances @ 25.99% APR: $0.00 period Send Payment to: Blue CARD SERVICES PO BOX 999 MONEYVILLE, MA 99999-9999 Account Number 9999 5555 9999 s555 Payment Due Date: 4/29/2019 New Balance Total: $1270.54 Current Payment Due: $25.00 Amount Enclosed $ ANALYSIS John Doe's Credit
Transcribed Image Text:ll AT&T 2:52 PM 48% Directions: Use the credit card statement to answer the questions on the following page. Summary of Account Activity Payment Information $1270.54 $25.00 4/29/19 Current Balance..... Previous Balance Payments.... Other Credits Purchases Balance Transfers Cash Advances . $1000.00 Minimum Payment Due $500.00 $0.00 $725.00 $0.00 $0.00 receive your minimum payment by the date $0.00 listed above, you may have to pay a $35 late $35.00 fee and your APRa may be increased up to $10.54 the penalty APR of 28.99% Payment Due Date.... Late Payment WVarning: If we do not Due Amount. Fees Charged. Interest Charged Current Balance Credit Limit Available Credit Statement Closing Date Days in Billing Cycle. $1270.54 Total Minimum Payment Warning: If you $5000.00 make only minimum payments, you will pay $3729.46 04/2019 more and it will take longer to pay off your balance. For example: 30 Questicas! Call Customer Service...I-800-xXX- Lost or Stolen Credir Card.1-S00-K-XXX • if you pay only the minimum payment it wil take 93 monthe to pay off and you will have paid $1891.33 TRANBACTION BUMMARY Date Description Reference Charges Credits 3/25 Grocery Land $142.00 3/27 Book Store XX99900XX9 $33.00 4/1 Restaurant $125.00 4/19 Payment $500.00 4/19 Bob's Auto XX99900X9 $425.00 Fees and Iuterest $35.00 $0.00 $0.00 $0.00 10.54 FINANCE CHARGE CALCULATION Late fees Balance transfer feen Purchases @ 13.99% APR: $0.00 Balance Transfers @ 13.99% APR: $O.00 Cash advance fees Total fees for this period Total interest for i Cash Advances @ 25.99% APR: $0.00 period Send Payment to: Blue CARD SERVICES PO BOX 999 MONEYVILLE, MA 99999-9999 Account Number 9999 5555 9999 s555 Payment Due Date: 4/29/2019 New Balance Total: $1270.54 Current Payment Due: $25.00 Amount Enclosed $ ANALYSIS John Doe's Credit
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Public Issue
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
PFIN (with PFIN Online, 1 term (6 months) Printed…
PFIN (with PFIN Online, 1 term (6 months) Printed…
Finance
ISBN:
9781337117005
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS