Answer the questions based on the credit card statement attached. 1. What is the finance charge for the current billing period?2. How much is the annual interest rate of his unpaid balance is over $500?Answer in: amount% For example 13%3. How much is the annual percentage rate if he unpaid balance is less than $500? Example: 13%4. What is the minimum payment due?5. What is the total amount charged for purchases made during the previous month?6. How much credit does Joan Berelli still have available? You must calculate this as it isn't given on the credit card statement. 7. What is the new balance? RALPH'S PRETTY GOOD DEPARTMENT STOREJOAN BERELLI1616 ELM STREETMIDDLETON, MA 02568YOUR LINE OF CREDIT ISYOUR AVAILABLE CREDIT ISMo. DayFINANCECHARGEHATES)9545Reference TRANSACTION DESCRIPTION0012$ 1000use ACCOUNT NO.on correspondenceK7605 3821 F$ 638** FINANCE CHARGE ON AVERAGEDAILY BALANCE OF $363.52 ISPAYMENTWOMENS WEAR 29SWEATER 43ON AVERAGEDAILY BALANCE OF:5.01 TO $31.00$31.01 TO $500.00$500,01 AND ABOVEBILLINGDATEAPR 12 2005PREVIOUSBALANCEAMOUNT DUETHIS STATEMENTNEW BALANCEAMOUNT PAIDCHARGES5.64MONTHLYPERIODICRATE$18.00BALANCE$ 372.21PAYMENTS& CREDITS18.00ANNUALPERCENTAGERATEMIN FINANCE CHARGE $.50MINIMUMPAYMENT

The finance charge for the current billing period is $5.64

Answer the questions based on the credit card statement attached. 1. What is the finance charge for the current billing period? 2. How much is the annual interest rate of his unpaid balance is over $500? Answer in: amount% For example 13% 3. How much is the annual percentage rate if he unpaid balance is less than $500? Example: 13%

Answer the questions based on the credit card statement attached. 1. What is the finance charge for the current billing period? 2. How much is the annual interest rate of his unpaid balance is over $500? Answer in: amount% For example 13% 3. How much is the annual percentage rate if he unpaid balance is less than $500? Example: 13%

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.4C

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Print Item From the data below for Wong Company, prepare the closing entries for the year ended December 31. Cash dividends $47,000 Sales 982,600 Sales returns and allowances 3,960 Interest revenue 10,521 Factory overhead (debit) 210,620 Factory overhead (credit) 210,620 Cost of goods sold 726,820 Wages expense 130,745 Supplies expense 9,900 Depreciation expense-office equipment 6,900 Utilities expense 5,840 Bad debt expense 1,680 Advertising expense 11,120 Interest expense 9,860 Income tax expense 32,050 If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT
engageNOWv2 | Online teachir X * CengageNOWv2| Online teachir x .com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * A eBook Show Me How Accounts Receivable Analysis A company reports the following: Sales $671,600 Average accounts receivable (net) 67,160 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days Previous Next Check My Work 11:16 AM 67°F Sunny A O E D a ) 12/3/2021 n sc hone backsoce
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The contra revenue account that represents the reduction in the amount paid by a credit customer if payment is made within a specified period of time is known as which of the following: O Contra revenue account O Sales allowance account O Sales discount account O Allowance for uncollectible accounts ASUS f3 f4 f5 f6 f7 f8 f9 f10 f11 区ロ/京 %24 & 3 4. 7. 8 9. 01 Y U G H. J K 16 5 图