You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this billing period. You made a payment of $150. Your APR is 16.5%. Using the adjusted balance method, what is your new balance?​

Answers

Answer 1

Answer:

The new monthly balance will be $618.235.

Explanation:

Since you have a credit card account with a previous balance of $ 635, and you added two additional purchases for $ 75 and $ 50 during this billing period, and then you made a payment of $ 150 and your APR is 16.5%, to determine what is your new balance using the adjusted balance method, the following calculation must be performed:

(635 + 75 + 50 - 150) x (1 + 0.165 / 12) = X

610 x 1,0135 = X

618.235 = X

Thus, the new monthly balance will be $618.235.

Answer 2

Using the adjusted balance method, your new credit card balance is $618.39.

What is the Adjusted Balance Method

The adjusted balance method for calculating your finance charge uses the previous balance from the end of your last billing cycle and subtracts any payments and credits made during the current billing cycle..

Data and Calculations:

Previous balance = $635

Additional purchases = $125 ($75 + $50)

Payment = $150

APR = 16.5%

Finance charge = $8.39 ($635 - $150 - $125) x 16.5%/12

Adjusted balance = $618.39 ($635 - $150 + $125 + $8.39

Thus, using the adjusted balance method, the new balance on the credit card is $618.39.

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Related Questions

describe how a company would balance the tradeoff between cost and speed when selecting a shipping method

Answers

Answer: The opportunity cost is the most desirable trade-off.

Explanation: Trade-offs refer to the choosing decisions that an individual faces when choosing between two-goods or making any other economic decision. For instance, a graduate may face a trade-off between choosing a job or starting up his own business.

While, opportunity cost is simply the cost of the lost alternative. For example, if the graduate chooses to start a business then his opportunity cost is the salary foregone from going for a job.

Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost.  So we can say that they are the most desirable trade-off.

A company would balance the tradeoff between cost and speed when selecting a shipping method through the Opportunity cost.

What is the meaning of the tradeoff ?

The trade-off is a term used to describe the courses of action given up in order to perform the preferred course of action. Conversely, the opportunity cost is defined as the cost of opting one course of action and forgoing another opportunity, to undertake that course of action.

Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost.  So we can say that they are the most desirable trade-off.

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1
8
10
TIME REMAINING
58:45
n
What is the difference between profit and revenue?
O Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after
subtracting the production costs.
Revenue is the total amount producers earn after subtracting the production costs. Profit is the total amount
producers receive after selling a good.
O Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers earn after
subtracting the production costs.
O Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after
selling a good.
Noya
Submit

Answers

Answer:

Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.

Explanation:

amougus

What negative consequences might a company face if it fails to keep accurate financial records?

Answers

A negative consequences you may face is paying more taxes than what’s called for
1. Paying less or more taxes, which could cause legal issues.

2. Keeping accurate financial records allows a company to keep track of profits and losses, so they are aware of what is selling best (supply and demand). If this is not done, they may be spending more than they are making.

3. Companies may not stay within budget.

what does these symbols mean on a measuring tape' &"​

Answers

The person above me is the answer

15pts-- multiple choice!

You want to invest some of the money you have earned from your part-time job. Since you do not have that much money to invest, you are looking for a risk-free option. All you want is to eventually get your money back with a little interest. Which investment strategy would be best for you?


Mutual funds


Stocks


Franchise


Bonds

Answers

Answer: bonds
Explanation: will allow for a risk free option and to gain money from a little bit of time and money
(not 100% sure on answer but I believe it is bonds)

Explain the following quote "The rich rule over the poor, and the borrower is slave to the lender."

Answers

Answer:

When Dave was confronted with this Scripture, he had to really consider who was right his broke finance professor, who taught that debt is a tool, or God, who never has anything good to say about debt.

Explanation:

Answer:

When people get into debt, they start living their life just to pay off the debt. This means that all they are doing is working for their lender. The rich often rule over the poor becuase they have more influence and are therefore able to make decisions for the rest of the world population

NEED HELP ASAP. WILL GIVE BRAINLIEST

How do limited resources affect a nation's decision to engage in international trade?

Answers

Answer:

it affects growth and population          

Explanation:

Mindy still owes $25,000 on her home loan. However, she called her loan provider and they informed her that if she were to pay her home loan off today, she would pay $18,500 because she wouldn’t have to pay interest for the remainder of the loan. What amount should be recorded in the liabilities section of her Statement of Financial Position?

Answers

Answer:   18,500

Explanation: Because is the same

_____ is a team behavior demonstrated by performing the tasks assigned to your team role.


Participating

Sharing

Respecting

Questioning
THE ANSWER IS PARTICIPATING

Answers

Participating is answerrrrrr

Are personal property taxes indirect or direct taxes?
A: indirect
B: direct

Answers

The answer should be B
the answer would be B :)

George deposited $2,000 in his bank account, which offers 5 percent compound interest
calculated annually. What would be the principal amount available in George's account at
the end of two years?
There would be a principal amount of $
of 2 years.
in George's account at the end
O 2.100
0 2.000
02.005
O 2.205

Answers

Answer:

2205

Explanation:

annual compound interest formula

PV(1+i)ⁿ

we have

2000(1+.05)²

=2205

Answer:

2205

Explanation:

plato

Sales tax in your community is 7.5%. If you go to Becks and buy a polar pop for $0.99, slice of pizza for $2.25, and chips for $0.75, what amount will you pay once the sales tax is added to your purchase?

Answers

Answer:

$4.29

Explanation:

Sales tax is a type of consumption tax. It is levied by the government or an agency of the government on the sales. Taxes increase the prices of goods and services

Total amount paid = total price of items purchased + tax amount

total price of items purchased = $0.99 +  $2.25 + $0.75 = $3.99

Tax amount = 0.075 x $3.99 = $0.299

Total amount paid = $4.29

Which of the following recruiting methods would a company use if it wants to
promote employees from within?
A. Providing links to job openings on its employee-only website
Х
B. Sending recruiters to a school to meet with interested students
C. Posting openings on a job search website such as CareerBuilder
D. Listing the job with an employment agency

Answers

Answer:

A, not c :-)

Explanation:

just took the quiz

The recruiting method would a company use if it wants to promote employees from within is Providing links to job openings on its employee-only website Х. Thus the correct option is A.

What is recruitment?

Recruitment is referring to the hiring of new people in the organization. This hiring takes place to fulfill the vacant position available in the organization.

There are two types of recruitment which include internal and external recruitemnt. Internal recruitemnt involves fulfilling the vacant position by promoting the employees of the company.

External recruitment is referred to as recruitment in which the vacant position will be fulfilled by hiring from outside sources through campus placement, employment agency, or walk-in interviews.

In this case, the given in question which indicates internal recruitment by providing links to job openings on its employees-only websites on which only existing employees can apply.

Therefore, option A is appropriate.

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Scenario #1
You get a weekly allowance of $30 from your parents that is automatically transferred into your checking account. Tomorrow you are going to see a movie with your best friend which you often do. Your movie ticket and snacks cost $22, What is the best payment option for this scenario?

Questions:
Will you use cash, check, Prepaid card, Debit card, Credit card or P2P?
Why did you choose that payment option?
What are other possible payment decisions you can make?

Answers

I will use a debit card because my parents add my allowance to my checking account. Other possible payment decisions I can make are to use a check.

The correct option in the given scenario is to use the debit card because the interest rate in the checking accounts is low, and the another method to another method for payment is checks.

What is debit card?

A debit card is a kind of credit card. Means that the money can be withdrawn or the cost of acquisitions pay off straight from the holder's bank account without any payment of interest.

It is used in the checking accounts for the withdrawing of money, without giving the payment of interest. It is the simple and more quick way to make payments in comparison to the another cards and instruments.

The payment can be made by the other possible payment decisions like checks.

Therefore, debit card is mostly used by the checking account holders.

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Which of the following methods would be most appropriate for an emotional appeal?
A.Telling a story about people who resemble the target audience
B.Creating a contrast with the surrounding environment
C.Asking the audience to act
D.Providing information about the product

Answers

Answer: telling a story about people who resemble the target audience

Explanation: just took the test

Telling a story about people who resemble the target audience would be most appropriate for an emotional appeal. Thus, option 'A' is the correct option.

What is Emotional Appeal?

A kind of persuasion known as an emotional appeal uses sensory, descriptive language and images to stimulate an audience's emotions and persuade them of a point of view. Social psychology is used in the appeal to emotion strategy. Only when the evoked emotions are unrelated to determining the veracity of the conclusion and help to divert from a logical analysis of pertinent premises or facts is it erroneous.

For instance, if a pupil says "My scholarship will be forfeited if I receive a poor mark on this essay. It is not copied "The initial statement's emotional impact is unrelated to determining whether the text was duplicated. In order to persuade the audience that the claims being made by the fallacious argument are true or untrue, appeals to emotion aim to evoke sentiments like fear, pity, or delight in the person receiving the information.

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*You have a company's balance sheet, its income statement, and its statement of cash flows. Which would you refer to if you wanted to know if a company made or lost money last year? If you wanted to find out how much debt the firm had used to finance its assets? If you wanted to know why its cash balance had changed over the past year?​

Answers

If I wanted to know if a company made a profit or lost money last year I would refer to the Income statement.

If I wanted to find out how much debt the firm had used to finance its assets I would refer to the balance sheet.

If I wanted to know why it’s cash balance had changed over the past year I would refer to the cash flow statement.

where is a more popular place a thief would go to troy to steal your personal information?

Answers

a cafe or restaurant with a free unprotected network

Help me and I will give you 30 Brainliest if your answer is correct.
"Jamie is not sure exactly what career to pursue but when she learned about the Human Services cluster, something spoke to her. Which types of career pathways are available to Jamie? Pick a career from each path and explain what it involves and where she might work if she had that job."

Answers

One of the careers from the Human Services Cluster that Jamie can consider looking at is Career Counselling.

What are Human Services Clusters?

Human needs are met via activities such as counseling and mental health programs, family and neighborhood services, personal care, and consumer services in the Human Services profession cluster.

Given that Jamie herself struggled with making this choice, she should find a purpose in Career Counselling. The career pathway to becoming a career counselor is given as follows:

Earn a bachelor's degree in counseling or a related subject of behavioral, social science, or human services.Complete graduation and postgraduate internship requirements for certification/licensure.Pass any certification/licensure examinations that are necessary.Apply for and obtain new certificates.Continue your education and keep current on trends and developments in career counseling.

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A bank will not require security in the form of collateral as a guarantee the loan will be repaid.


True

False

Answers

the answer is so true

When a team agrees on the level of performance expected by each member, they have a _____.


shared standard

collaborative effort

unified commitment

team structure
THE ANSWER IS SHARED STANDARD

Answers

Answer:

shared standard

Explanation:

Teamwork refers to the collective approach towards the completion of a common goal. Methods and sources are agreed upon by each member of the team and the focus is relied on the achievement of the goal. Each individual works together and extend their efforts collectively. Shard standard refers to the level of acceptance on a particular point that each team member  agrees on. Merging at a certain point is very essential part of teamwork. Disagreement among the team members may cause the team work fall behind.

Which descriptions offer examples of Health, Safety, and Environmental Assurance workers? Check all that apply.

Gonzalo purchases materials for a manufacturing plant to use in building airplanes.
Rachel fixes broken machinery in a factory.
Trey creates procedures to help employees stay injury-free while working in a factory.
Patrice creates schedules to make sure employees in a factory complete their work on time.
Carl uses equipment to reduce environmental damage from a manufacturing plant.
Athena examines health and safety hazards for employees working in a manufacturing plant.

Answers

Answer:

The other person is correct

Explanation:

An examples of Health, Safety, and Environmental Assurance workers are Trey creates procedures to help employees stay injury-free while working in a factory. Thus, the correct option is (C, E, F).

What do you mean by an Environmental Assurance workers?

Environmental assurance is a way for a horticulture company to show that it is using management techniques that meet the standards for environmental protection set by its clients, the local community, and other interested parties.

Environmental, Health, and Safety (EHS) specialists are in charge of developing, implementing, and upholding an organization's EHS policies and practices.

Their main goal is to establish an environment at work that is both safe and healthy for everyone involved.

Therefore, an examples of Health, Safety, and Environmental Assurance workers are:

Trey creates procedures to help employees stay injury-free while working in a factory.Carl uses equipment to reduce environmental damage from a manufacturing plant.Athena examines health and safety hazards for employees working in a manufacturing plant.

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7. What is the abbreviation of gallon?
d. alo
c. gal
d. Tsp
a gra
b. lon
8. What is the abbreviation of tablespoon?
a. Spo
b. Tbsp.
9. What is the abbreviation of minute?
c. Tab
d. mut
c. mit
a. min
b. mun
10. What is the abbreviation of teaspoon?
d. Tsp
a. Spo
b. Tbsp
c. Tab​

Answers

Answer:

it is gal

it is tbsp

it is min

it is tsp

Place the steps to creating a budget in order:


Figure out your net income.


Make a list of fixed expenses


Make a list of variable expenses.


Adjust expenses as needed


Determine if you have enough income to cover all your expenses.

Answers

Answer:

1. Figure out your net income

2. Determine if you have enough income to cover all your expenses

3. make list of variable expense

4. make list of fixed expenses

5. adjust expense

done !

What do you call a website or e-mail address that is created to look like it comes
from a legitimate source? Choose the answer.
pharming
spoofing
spyware
none of the above

Answers

Answer:

this would be called spoofing.

Spoofing is called as  a website or e-mail address that is created to look like it comes from a legitimate source.

What is legitimate source?

Legitimate source is defined as according to the law, something that is legal is acceptable.

It can also be defined as the electoral register is a genuine source of information that is currently available to the public.

A reputable source is defined as the one that has been written by an expert in their field and is free of errors and bias.

A trustworthy source is defined as the one that offers a detailed, well-reasoned idea, argument, or discussion based on solid evidence.

Thus, spoofing is called as  a website or e-mail address that is created to look like it comes from a legitimate source.

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2. How would you up-sell your food products​

Answers

Explanation:

know which items have high profit margins

offer extras

offer a specific item

be enthusiastic about the items you are suggesting

know what items to upsell at what times

dont annoy customers

mention takeout options

Answer:

To sell food you will have to advertise it first to receive customers.

Explanation:

I sell food and it was hard trying to get customers but you have to advertise for others to see and want to taste it. But also make sure to make sure it looks picture ready for pictures.

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