alculations. Round your answer to two decimal places. How long does it take 7 loans to be evaluated (in seconds)? seconds 00:11:27
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A: Duration of Loan: It is the period of the loan until the loan is paid off.
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A: The question is based on the calculation of financial charges on a credit card. The Financial…
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A: The formula used as follows: FV=PV1+rnnt
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A: Down payment is a payment made for a purchase in its early stage.
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A: A= P* e^rt Taking log both side ln(A/P) = ln (e^rt) rt = ln (A/P) t = 1/r * ln (A/P)
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A: Given information: Balance amount $3,000 Periodic rate is 17% Payment is $2,500
Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…
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A: Given data; credit balance = $ 1150 interest rate= 11% number of months = 3
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- Assume that Silver Company has account receivable of $5,000 determined to be uncollectable, what journal entry is made to write off the uncollectable account? Example of Answer: Dr. Equipment 10,000 Cr. Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px A ... O WORDS POWERED BY TINY Activate Windows «K Question 17 of 18 Go to Settings to activate Win A Moving to another question will save this response. Close Window 10 >con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapp Given the following: 29 day billing cycle 4/17 Billing date previous balance $1,100 4/27 Payment 4/29 Charge 5/7 Payment 2$ 700 2$ 300 24 50 The average daily balance is: Multiple Choice $910.34 $810.43 None of these-jasoniabattles@cont x udentFunctions/Interface/acellus_engine.html?ClassID=980092141 K to 12 6 BS Acellus - The Scienc M My Gmail B My Classes S My Drive-Google D.. Average Daily Balance Interest Calculation The balance on a credit card, that charges a 20% APR interest rate, over a 1 month period is given in the following table: $150 (initial balance) Days 4-20: $200 ($50 purchase) ($150 payment) Days 1-3: Days 21-30: $50 What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge $ [?] Round to the nearest hundredth. Enter Corporation All Rights Reserved.
- Danielle Battle has trouble keeping her debits and credits equal. During a recent month, Danielle made the following errors: In preparing the trial balance, Danielle omitted a $5,800 note payable. Danielle recorded a $230 purchase of supplies on account by debiting Supplies and crediting Accounts Payable for $320. In recording a $280 payment on account, Danielle debited Supplies instead of Accounts Payable. In journalizing a receipt of cash from service revenue, Danielle debited Cash for $80 instead of the correct amount of $800. The credit was correct. Danielle posted a $900 utility expense as $90. The credit to Cash was correct. а. b. c. d. е. Required For each of these errors, state whether total debits equal total credits on the trial balance. 1. 2. Identify each account that has an incorrect balance, and indicate the amount and direction of the error (such as "Accounts Receivable $500 too high"). Requirement 1. For each of these errors, state whether total debits equal total…Create a two-variable data table as follows to provide the comparison that Liam requests: a)In cell A12, enter a formula without using a function that references the Monthly_Payment amount (cell D6) because Liam wants to compare the monthly payments. b) Based on the range A12:D25, create a two-variable data table that uses the term in months (cell D5) as the row input cell and the rate (cell D4) as the column input cell.A ezto.mheducation.com sijon 17A - Connect Data_Sales.xlsx: fa21cob204 Computer Information Systems Dashb on 1-7-6A - Connect Saved Help The accounts receivable balance for Renue Spa at December 31, Year 1, was $86,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,500. During Year 2, $1.900 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $130 of receivables that had been written off in a previous accounting period. Services provided on account during Year 2 were $211,000, and cash collections from receivables were $212,936. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Record the transactions in general journal form and post to T-accounts. b. Based on the preceding information, compute (after year-end adjustment): (1) Balance of allowance for doubtful accounts at December 31, Year 2. (2) Balance of accounts receivable at December 31,…
- Pls send answer within 10 min .. I will rate as soon as possible Solution must be in typed form...If Accounts Payable has debit postings of P170,000 credit postings of P140,000 and a normal ending balance of P60,000 which of the following was its beginning balance? Group of answer choices P30,000 Cr. P30,000 Dr. P90,000 Dr. P90,000 Cr.pls solve this ques in 10 minutes. I'll give you multiple upvotes
- Choose the number that follows these formatting instructions: Answer in the format: • Round to the nearest cent #0.00 • Do not round intermediary calculations. Use full precision of your calculator or Excel. • Do not include commas or dollar signs o Example 157835 would be 16 o Example: 2.3491 would be entered 2.35 Select one: O 939 194 O 939 19 O 939 19 OS 939 O.939.2 O 939 Os-939.19 O.939.19 $Current Attempt in Progress The Accounts Receivable account has a beginning balance of $48900 and an ending balance of $69600. If total sales on account were $39500 for the year, what were the total collections on account? $69600 O $79000 O $18800 O $60200 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air DII DD 000Answer both subparts 1 and 2.if answered within 30mins,it would be apprecaible!!