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

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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

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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

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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 :

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A: Journals represent the recording of corporations’ day-to-day business-related transactions of…

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

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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…

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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.

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Q: Jack Lowes $358.32 on his Visa account. He returns two items costing $23.13 and $32.77 for credit.…

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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…

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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.

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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…

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

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

Q: find his balance as of April 30.

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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 =…

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

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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

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Q: On the first of February, Rosa Maria deposits $19,500 in an account earning 5.7% simple interest per…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

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…

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