Paulo has $180.65 in his account before making any transaction. Over the course of a week, Paulo makes the following transactions: At the end of the week, how much money is in Paulo's account? a $71.65 b $158.65 C. $252.30 d. $339.30

Q: Darcy holds a 200 day note from Brenda. This note was given by Brenda to Darcy since the former ow…

A:

Q: James Howard owns Howard Auto Sales. He periodically borrows money from Bay City State Bank and…

A: Discount on notes = Notes payable x discount rate x no. of days/360 =$18,000*10%*90/360 = $450

Q: 2. Janine has two choices for paying off her credit card balance. She can make payments of $186 per…

A: Credit cards allow the cardholder to pay for their purchases based on the promise that they will be…

Q: 1. On the back of Elise's monthly statement, she listed the following outstanding withdrawal #123,…

A: A) Total Outstandings = $76.09 + $400 + $560.25 + $340.50 + $83.71 = $1,460.55

Q: -h Did Rachelle ever drop below $0 in her account? Explain whether this is possible in real…

A: Working note on Rachelle's Debit card statement bills: DESCRIBTION DATE  DEBIT/CREDIT   BALANCE…

Q: Deepa has a revolving credit account at an annual percentage rate of 18%. Her previous monthly…

A: Finance charge = Previous balance * Monthly interest rate Finance charge = $240.97*18%/12 Finance…

Q: James Howard owns Howard Auto Sales. He periodically borrows money from Bay City State Bank and…

A: Interest on note = Notes payable x interest payable x no. of days/365 = 34,560*10%*45/360 = $432

Q: 1. On August 1 you opened a new savings account with a deposit of $1,400. The interest rate paid by…

A: Initial deposit on August 1 is :

Q: Lee receives an invoice from Office Depot dated November 2nd, 2018 for $630 with terms 6/6, 3/15,…

A: Term 6/6, 3/15 means that the buyer is allowed 6% discount if the payment is made within 6 days and…

Q: The balance on Ramon Felipe's credit card on January 12, his billing date, was $283.91. For the…

A: To calculate the average daily balance for the given transactions and initial balance, we will…

Q: Mohammed has an overdraft of £200 at the start of January.  At the end of January he is in a net…

A: Closing balance: The amount in an account at the conclusion of a period of time, such as a month or…

Q: In John Balfour's credit card account interest is charged on the average daily balance. The cycle…

A: Firstly , calculate the average daily balance : Period  Days Balance amount Total days amount…

Q: Assume simple interest and find the rate of interest paid by the bank.

A: The amount deposited in the bank is $6,400. The amount received is $6,453.33 The interest paid by…

Q: 17. In January, Joanna deposited $250 into her savings account. In February, she deposited an…

A: Solution:- When an amount is invested somewhere, it earns interest.

Q: Joaquin deposits $400 at the end of each month into his bank account. The bank account pays 13.2%…

A: The difference between the future value and present value of money refers to the concept of the time…

Q: 4.6 Average Daily Balance 1. Mr. Scroggs had these daily balances on his credit card for his last…

A: 5-days Balance @ 422.16 8-days Balance @ 1,032.23 4-days Balance @ 1,818.22 13-days Balance @…

Q: James Howard owns Howard Auto Sales. He periodically borrows money from Bay City State Bank and…

A: The journal entries are prepared to record daily transactions of the business.

Q: Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past…

A: Interest charges are the amount of cost and charges paid for the amount borrowed either for personal…

Q: Suppose that you made three purchases using your credit card during the month of January. The first…

A: Average daily balance represents the balance of the credit card each day on an average depending…

Q: Rajiv has a part-time job on the weekends. His net earnings for one month are shown. Pay Date Net…

A: Savings on April 01  is $142.40 Savings on April 08 is  $137.29 Savings on April 15 is $143.57…

Q: BamBam runs a small business. At the start of June she has £11737 in the bank. Revenue Bambam allows…

A: Cash Budget :— This budget is prepared to estimate the cash collection and payment during the…

Q: Kimberly has a revolving credit account at an annual percentage rate of 15%. Her previous monthly…

A: Step 1 A sort of credit facility offered by banks is a credit card, which enables users to borrow…

Q: Prepare the following journal entries.   sales on account are $ 8,200. customer returns $ 1,200.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Knife and Fork operates as a restaurant. Its customers can pay by cash, debit or credit card. For…

A: Journal Entry is the primary step in recording the transactions in the books of accounts.The…

Q: Mr. Smith did not pay his full credit card balance on June 5th, the due date each month for payment.…

A: Interest charge refers to an amount that is being charged on the balance amount over the period that…

Q: James Howard owns Howard Auto Sales. He periodically borrows money from Bay City State Bank and…

A: Interest on notes = face value of notes x rate of interest x no. Of days/360 = 37440*8%*30/360 =…

Q: Mark deposits $900 at the end of each month in a savings account earning 4.5% quarterly. How soon…

A: Future value refers to the future value of the cash flows that are compounded over a given period of…

Q: Journalize the transactions. Assume 360 days for interest calculations and record two entries for…

A: Let's delve into the journalizing process for these transactions involving a note receivable. We'll…

Q: se the information below to log Zoe’s payments and deposits in her checking account register.…

A: A checking account register keeps track of every transaction associated with your checking account,…

Q: James Howard owns Howard Auto Sales. He periodically borrows money from Bay City State Bank and…

A: Interest on note = Notes x interest rate x no. of days/365 = (30000-4000)*10%*30/360 = $217

Q: On April 5, Jessica had a balance due on her credit card of $927.85. From April 5 through May 4,…

A: Here, Previous Balance is $927.85 Additional Charges is $335.66 Payment is $700 Interest Rate per…

Q: Samantha and Samuel both have student credit cards issued by VISA. Their credit card statements show…

A: In the scenario presented, Samantha and Samuel both hold student credit cards issued by VISA, with…

Q: On September 14, Jennifer Rick went to Park Bank to borrow $3,000 at 8.5% interest. Jennifer plans…

A: Loan Date = 14th September Repay of Loan = 27th January Loan Amount = $3,000 Interest Rate = 8.5%