subject
Business, 04.04.2020 02:05 floreschachi2873

Sidney took a $150 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee on the amount borrowed and offers no grace period on cash advances. Sidney paid the balance in full when the bill arrived.

a.
What was the cash advance fee? (Round your answer to 2 decimal places.)

Cash advance fee $
b.
What was the interest for one month at an APR of 16 percent? (Round your answer to 2 decimal places.)

Interest $
c. What was the total amount she paid? (Round your answer to 2 decimal places.)
Total amount $
d.
What if she had made the purchase with her credit card and paid off her bill in full promptly? Assume the credit card has a grace period. (Round your answer to 2 decimal places.)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:00
Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?
Answers: 2
question
Business, 22.06.2019 19:30
Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above
Answers: 2
question
Business, 22.06.2019 23:30
As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
question
Business, 23.06.2019 03:30
Jiffy printing shops does a lot of printing job for college students. the shop use an average of 25 cases of copy paper each day during the 312 days last year. the shop opens 6 days a week for 52 weeks each year and closes on sundays. each case of paper costs $35. it conducts a count of its paper inventory at the end of every quarter of the year. the table below shows the inventory counting records for last year. inventory end of quarter 1 700 cases end of quarter 2 1,050 cases end of quarter 3 920 cases end of quarter 4 800 cases 1. what's jiffy's cost of goods sold last year? 2. what's jiffy's average aggregate inventory value? 3. what's jiffy's inventory turnover last year? 4. what is the printing shop's weeks of supply last year?
Answers: 2
You know the right answer?
Sidney took a $150 cash advance by using checks linked to her credit card account. The bank charges...
Questions
question
Computers and Technology, 13.11.2020 22:50
question
Mathematics, 13.11.2020 22:50
question
Mathematics, 13.11.2020 22:50
question
English, 13.11.2020 22:50
question
Business, 13.11.2020 22:50
question
Mathematics, 13.11.2020 22:50
Questions on the website: 13722360