Wilderness Kayak Rentals structured payment system: First hour rate: $35 Each subsequent 30 minutes: Reduces by $5 from previous 30-minute rate Minimum charge $15 per 30 minutes Calculate 2.5 hours cost to this financial accounting problem.
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- From this partial advertisement: $123.86 per month for 60 months $5,200 used car cash price $50 down payment a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge c. Calculate the deferred payment price. (Round your answer to the nearest cent.)Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.): 30-day billing cycle 9/16 Billing date. Previous balance. $1,300 9/19 Payment: $53 cr. 9/30 Charge: home depot: $1,150 10/3 Payment: $53 cr. 10/7 Cash advance: $63 Finance charge is 1% on average daily balance. Average daily balance: ? Finance charge: ?Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle 9/16 Billing date Previous balance $ 2,400 9/19 Payment $ 64 cr. 9/30 Charge: Home Depot 1,700 10/3 Payment 64 cr. 10/7 Cash advance 74 Finance charge is 1.25% on average daily balance.
- Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle Previous balance 9/16 Billing date Payment Charge: Home Depot Payment Cash advance $ 1,400 9/19 54 cr. 9/30 10/3 10/7 1,200 54 cr. 64 Finance charge is 1.25% on average daily balance. Average daily balance Finance charge %24Complete the following table: Amount Number of monthly Amount of monthly Total of monthly Total finance Purchase price of product Schwinn Mountain Bike Down payment financed payments payments payments charge 238 %24 100 12 12.50 acer %24 %24Calculate the average daily balance and finance charge. (Round your answers to the near 9/16 Billing date 9/19 Payment 9/30 Charge: Home Depot 10/3 Payment 10/7 Cash advance. 30-day billing cycle 4 Average daily balance Finance charge Previous balance Finance charge is 1% on average daily balance. S 62 cr. 1,600 62 cr. 72 $2,200
- Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle Previous balance $ 2,600 Billing date Payment Charge: Home Depot Payment Cash advance 9/16 9/19 66 cr. 1,800 66 cr. 9/30 10/3 10/7 76 Finance charge is 1.5% on average daily balance. es Average daily balance Finance charge %24Complete the following table: Purchase price of product Schwinn Mountain Bike Down payment Amount financed Number of monthly payments Amount of monthly payments Total of monthly payments Total finance charge $250 $100 12 $15.50Please help me with this correct thanks alot
- CLV3: A new streaming platform, MV expects to make a margin of $10 every month from each of its active customers. Using the below information, calculate the CLV of each customer for the first three months. Monthly discount rate is 10% • Customer has a transactional relationship with MV • The payment is made at the beginning of the month The number of active customers for MV decreased from 1,250 to 1,000 active customers over the last month. Hint: Calculate the retention rate based on the information above:Use the following information from an account analysis statement to answer the following questions: • Collected balance = $500,000 • Service charges = $5,000 • Reserve requirement ratio of 10 percent • Days in month = 30 days • Earnings credit rate = 0.60 percent a. Calculate the monthly earnings credit allowance and the net service charges. b. Solve for the collected balances required and interpret the value. c. Suppose that the earnings credit rate is re-negotiated upward to 0.75 percent. Recalculate the earnings credit allowance, net service charge, and collected balance required. * With complete calculationPlease do not give solution in image format thanku