Is this correct? 7:07 PM Fri Mar 25* VPN 46% OCopy of Finance_ProblemSet1+A...A田日3.The table below shows the activity on the credit card statement of MissPepper Mills for the month of April. She started the month with a balance ofTEFPJTZ.J7.DateActivityPaymentChargeChargeChargeLocationAmount$200.0004/0504/1504/2204/25PaymentGas$26.37Масy's$105.42$4.24Starbucksа.Find the average daily balance.3)1200.00$26.37t105,4714.24) Teget anuer, Iaddeed total amentladpayments.dindey bu howmanytranJkettin)336.03.tob.If her card charges an 18.5% annual interest rate on her average dailybalance, calculate Miss Pepper Mill's finance charge for the monthof April. (Make sure to use the method -- formula I = Prt --shown in the lecture video, not the method shown in ALEKS.)ansuen, I tuckgetthe total amant spetI=PrtTo336.0318511nex mutielied it byannual rate C185) ade mutiplied ia byI for the Imunth//yeurthansaptiun giriny6216.55白I!!!!

Finance charge is the cost that normally charged for using credit card.

Answered: vity Location Amou

Business

Finance

vity Location Amou

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 14.4BE: Accounts receivable analysis A company reports the following: Sales 3,150,000 Average accounts...

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Question

Is this correct?

7:07 PM Fri Mar 25
* VPN 46% O
Copy of Finance_ProblemSet1
+
A
...
A
田
日
3.
The table below shows the activity on the credit card statement of Miss
Pepper Mills for the month of April. She started the month with a balance of
TEF
PJTZ.J7.
Date
Activity
Payment
Charge
Charge
Charge
Location
Amount
$200.00
04/05
04/15
04/22
04/25
Payment
Gas
$26.37
Масy's
$105.42
$4.24
Starbucks
а.
Find the average daily balance.
3)1200.00
$26.37
t105,47
14.24
) Teget anuer, I
addeed total ament
lad
payments.
dindey bu how
manytranJkettin)
336.03.
to
b.
If her card charges an 18.5% annual interest rate on her average daily
balance, calculate Miss Pepper Mill's finance charge for the month
of April. (Make sure to use the method -- formula I = Prt --
shown in the lecture video, not the method shown in ALEKS.)
ansuen, I tuck
get
the total amant spet
I=Prt
To
336.0318511
nex mutielied it by
annual rate C185) ad
e mutiplied ia by
I for the Imunth//yeur
thansaptiun giriny
6216.55
白
I!!
!!

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