Transactions on Furnell's credit card are shown for the month of June. The interest rate is 1.4% per month.

June 1 Balance $352.12
June 4 Sears $331.89
June 8 eBay $81.58
June 15 Outback $30
June 18 Payment $200




Find the average daily balance $
184.89

Find the interest for the month $

Find the balance for the following month $

Answers

Answer 1

The balance for the following month is $598.18.

How to solve

The average daily balance for June is $184.89.

To calculate the interest for the month, multiply the average daily balance by the interest rate: $184.89 * 1.4% = $2.59.

To find the balance for the following month, add the initial balance, transactions, and interest, then subtract the payment: $352.12 + $331.89 + $81.58 + $30 + $2.59 - $200 = $598.18.

The balance for the following month is $598.18.


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Related Questions

Question Content Area Tanning Company analyzes its receivables to estimate uncollectible accounts. The accounts receivable balance is $310,000 and credit sales are $1,000,000. An aging of accounts receivable estimates that $21,700 of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,200 before adjustment?

Answers

The adjusting entry that Tanning Company will make for Allowance for Doubtful Account will be:

Debit: Bad Debt Expense $21,500Credit: Allowance for Doubtful Accounts $21,500

How will Tanning Company adjust the allowance?

Data:

Total credit sales = $1,000,000

Accounts receivable balance = $310,000

Estimated uncollectible receivables = $21,700

The adjusted balance for allowance for doubtful accounts will be:

= Credit balance + Estimated uncollectible receivables

= $2,200 + $21,700

= $23,900

So, the Company will make an adjusting entry by debiting Bad Debt Expense for $21,500 and crediting Allowance for Doubtful Accounts for $21,500 which will increase the balance of the allowance for doubtful accounts to $23,900.

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A new car sells for 25000 the value of the car decreases by 15% each year what is the approximate value of the car 5 years

Answers

The answer is $11,092.63.

This could be calculated using the proportion. If the value of the car decreases by 15% each year, that means that after each year the value of the car is 85% of the value from the first year.

After 1st year:

$25,000 : 100% = x1 : 85%

x1 = $25,000 · 85% ÷ 100%

x1 = $21,250

After 2nd year:

$21,250 : 100% = x2 : 85%

x2 = $21,250 · 85% ÷ 100%

x2 = $18,062.5

After 3rd year:

$18,062.5 : 100% = x3 : 85%

x3 = $18,062.5 · 85% ÷ 100%

x3 = $15,353.12

After 4th year:

$15,353.12 : 100% = x4 : 85%

x4 = $15,353.12 · 85% ÷ 100%

x4 = $13,050.15

After 5th year:

$13,050.15 : 100% = x5 : 85%

x5 = $13,050.15 · 85% ÷ 100%

x5 = $11,092.63

Therefore, the value of the car 5 years after it is purchased is $11,092.63.

What is the circumference of the circle in terms of pi? (C = td) О Тл О 147 О 21л * 28 л

Answers

The circumference of the circle with a radius of 10 cm is 20π cm, option (C) is correct.

A circle's perimeter, or the distance encircling it, is known as its circumference. It is determined by multiplying the circle's diameter by pi. But in this case, we are given the radius of the circle, which is half of the diameter.

To get a circle's circumference, use the following formula:

C = 2πr

where;

r = radius of the circle

π = mathematical constant pi (approximately equal to 3.14).

Given the radius of the circle as 10 cm, we can use the formula to find its circumference:

C = 2πr

C = 2π(10 cm)

C = 20π cm

Hence, option C is correct.

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The correct question is:

What is the circumference of the circle with radius = 10 cm (leave your answer of π).

A) 10π cm

B) 5π cm

C) 20π cm

D) 10π cm

Can you help me with this

Answers

Answer:

[tex]\dfrac{\boxed{2}}{\boxed{3}} \times \dfrac{\boxed{1}}{\boxed{2}} = \dfrac{\boxed{1}}{\boxed{3}}[/tex]

Step-by-step explanation:

The square is 1 unit long and 1 unit wide
There are 3 smaller rectangles in the horizontal direction

Length of each rectangle is therefore 1/3 unit

There are 6 rectangles along the vertical direction

The height of each rectangle is therefore 1/6 unit

The shaded area is 2 rectangles wide and 3 rectangles in height

Width of shaded area = 2 x 1/3 = 2/3

Height of shaded region = 3 x 1/6 = 1/2

Area of shaded rectangle is

[tex]\dfrac{\boxed{2}}{\boxed{3}} \times \dfrac{\boxed{1}}{\boxed{2}} = \dfrac{\boxed{1}}{\boxed{3}}[/tex]

Can someone help me with my accounting assignment please?

Answers

The State Cash Flow Statement using the direct method.

                                                         OP                       INV                  FIN

Personnel emolument                  2,000,000

CRF charges                                 1,000,000

Statutory revenue allocation       20,000,000

Proceeds from sale of fixed assets                          100,000

Purchase of marketable securities                           50,000

Purchase & construction of fixed assets                  500,000

Share of VAT                                 200,000

Share of excess crude oil            100,000

Internally generated revenue    10,000,000

Gratuities and pension              15,000,000

Miscellaneous income                50,000

Overhead expenses                   36,000

Recurrent grant made                20,000

Miscellaneous expenses          10,000

Servicing & repayment of public debts                                            100,000

Grants & subventions from NGO                                                     200,000

Proceeds from loan & other borrowings                                         300,000

Dividends received                                                                           100,000

                                            12,234,000             -450,000              500,000  

  Net Cash Flow for the year ended 31 December 2006: 12,284,000  

How was the cash  Flow Statement using the direct method solved?

To prepare the State Cash Flow Statement using the direct method, we'll classify cash flows into three categories: Operating Activities (OP), Investing Activities (INV), and Financing Activities (FIN). Then, we'll calculate the net cash flow for each category and add them together to find the net cash flow for the year.

Operating Activities:

(-2,000,000 - 1,000,000 + 20,000,000 + 200,000 + 100,000 + 10,000,000 - 15,000,000 + 50,000 - 36,000 - 20,000 - 10,000) = 12,234,000

Investing Activities:

(100,000 - 50,000 - 500,000) = -450,000

Financing Activities:

(-100,000 + 200,000 + 300,000 + 100,000) = 500,000

Net Cash Flow for the year ended 31 December 2006:

12,234,000 (Operating Activities) - 450,000 (Investing Activities) + 500,000 (Financing Activities) = 12,284,000

The above answer is in response to the question below;

The following information has been extracted from the records of WELFARE STATE of Nigeria for the year ended 31 December 2006:

                                                       

Personnel emolument                  2,000,000

CRF charges                                 1,000,000

Statutory revenue allocation       20,000,000

Proceeds from sale of fixed assets  100,000

Purchase of marketable securities  50,000

Purchase & construction of fixed assets  500,000

Share of VAT                                 200,000

Share of excess crude oil            100,000

Internally generated revenue    10,000,000

Gratuities and pension              15,000,000

Miscellaneous income                50,000

Overhead expenses                   36,000

Recurrent grant made                20,000

Miscellaneous expenses          10,000

Servicing & repayment of public debts      100,000

Grants & subventions from NGO               200,000

Proceeds from loan & other borrowings       300,000

Dividends received                                       100,000

You are required to:

Prepare the State Cash Flow Statements for the year ended 31 December 2006 using the direct method approach (ICAN May 2008)

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Help please quickly calculus

Answers

Her next step in obtaining the area of the triangle is replacing the numeric values of h and y into the area formula.

How to obtain the area of a triangle?

The area of a rectangle of base b and height h is given by half the multiplication of dimensions, as follows:

A = 0.5bh.

The dimensions for this problem are given as follows:

Base of b = y.Height of h.

Hence the formula is:

A = 0.5yh.

Hence the actual values of y and h must be inserted into the formula to obtain the area of the triangle.

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2. Triangle ABC with A(2, 3), B(7, -1), and C(-4, 2) is reflected across the line x = -2. Find the
coordinates of B'

Answers

Answer:

B’ = (-11, 1)

Step-by-step explanation:

Because the triangle is reflected across the line x = -2, it is being reflected across a vertical line.

Therefore only the x-coordinate will change.

As B is 9 units right of the line x = 2, the coordinates of B’ will be (-2 - 9, 1)

Which will be (-11, 1)

State whether the decay is linear or​ exponential, and answer the associated question.
The value of a car is decreasing by 12% per year. If the car is worth $9,000 ​today, what will it be worth in two​ years?

Answers

_________________________________

= 12 × 9,000 ÷ 100= 1,080= 1,080 × 2= 2,160= 9,000 - 2,160= $6,840The Car Will Be Worth $6,840 After 2 Years

_________________________________

Answer:

$6,840

Step-by-step explanation:

Someone help i really need help with this

Answers

The percentage increase in the number of water bottles from February to April is 19%.

How to find the percentage increase?

A company manufactures water bottles. The list describes the amount of water bottles manufactured in three months.

Therefore,

February: 4100 water bottles

March: 7% more water bottles than in February

April: 500 more water bottles than in march

Therefore,

Number of water bottles in march = 4100 + 7% of 4100

Number of water bottles in march =4100 + 7 / 100 × 4100

Number of water bottles in march = 4100 + 287

Number of water bottles in march =  4387

Hence,

Number of water bottles manufactured in April = 4387 + 500 = 4887

Therefore,

percentage increase from February to April = 4887 - 4100 / 4100 × 100

percentage increase from February to April = 787 / 4100 × 100

percentage increase from February to April = 78700 / 4100

percentage increase from February to April = 19.1951219512

percentage increase from February to April = 19%

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The Frequency table shows The time it look students in PE class to run in 1 mile

Answers

3.) The quantity of students that are in the P.E class would be = 31 students.

4.) The number of students that ran 1 mile in under 9 minutes would be = 6 students.

How to determine the quantity of students from the frequency table?

For question 3.)

To calculate the quantity of students, all the values in the frequency column is added together. That is;

Total number of students= 6+2+8+6+9 = 31 students.

For question 4.)

To calculate the number of students that ran 1 mile in less than 9 minutes would be the time range of 8.00-8.59 minutes = 6 students.

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PLEASE HELP I NEED TO PASS THIS Using the probability distribution represented by the graph
below, find the probability that the random variable, X, falls
in the shaded region.

Answers

Answer: C: 5/8

Step-by-step explanation:

Simply 5/8 of the bar is filled in

Using probability, we can find probability of the random variable, x falling in the shaded region as to be 5/8.

Here, we have,

Probability is the ratio of favorable outcomes to all other potential outcomes of an event. The symbol x can be used to express the quantity of successful outcomes for an experiment with 'n' outcomes. The following formula can be used to determine an event's probability.

Positive Outcomes/Total Results = x/n = Probability(Event)

Let's look at a simple example to better understand probability. Imagine that we need to predict whether it will rain or not. The right response to this question is "Yes" or "No." Whether it rains or not is uncertain. Probability is used to predict the outcomes when tossing coins, rolling dice, or drawing cards from a deck of cards.

Here in the question,

Total region = 8.

Shaded region = 5

So, probability of falling in the shaded region = 5/8

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Madam Antiowwah at oseikakookrom charged her phone to full (100%). She browse two hours. The battery life fell to 60% How many hours later would the phone or She continues to browse? ​

Answers

Answer:

Phone dies in 6 hours

Step-by-step explanation:

One number is 6 3/4 while another number is 2 1/6 smaller. Find the sum of these numbers.

Answers

The sum of both numbers is 107/12

How to calculate the sum of both numbers ?

One number is 6 3/4

The other smaller number is 2 1/6

The sum of both numbers can be calculated as follows

= 6 3/4 + 2 1/6

= 27/4 + 13/6

= 162 + 52/24

= 214/24

= 107/12

Hence the sum of both numbers is 107/12

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help with this question

Answers

The answer is here:)

(PLEASE HELP! Im using a ton of points)

A new curved projection system for a small media room states the optimal viewing angle is
74° (m/ACB = 74°) when you sit 10 feet from the center of the TV (length of CD = 10 ft). The
depth of the curved screen is 2 feet (length of DE = 2 ft). Find the length of line segment AB, in feet, that corresponds to the width of the television. (Round your answer to the nearest foot)
(Thx for any help!)

Answers

The value of the length of line segment AB, in feet, that corresponds to the width of the television is,

⇒ 12 feet

We have to given that;

A new curved projection system for a small media room states the optimal viewing angle is 74° (m/ACB = 74°) when you sit 10 feet from the center of the TV (length of CD = 10 ft). The depth of the curved screen is 2 feet (length of DE = 2 ft).

Now, We can formulate;

CE = 10 - 2 = 8 feet

∠ACD = 74/2 = 37°

Hence, We can formulate;

tan 37° = AE / CE

0.75 = AE / 8

AE = 0.75 × 8

AE = 6

Hence, The value of the length of line segment AB, in feet, that corresponds to the width of the television is,

⇒ AB = 6 x 2

⇒ AB = 12 feet

Thus, The value of the length of line segment AB, in feet, that corresponds to the width of the television is,

⇒ 12 feet

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Yellow light: When the light turns yellow, should you stop or go through it? A recent study of driver behavior defined the "indecision zone" as the period when
a vehicle is between 2.5 and 5.5 seconds away from an intersection. At the first intersection studied, 127 vehicles were observed to encounter a yellow light in
the indecision zone, and 24 of them ran the red light. At the second intersection, 164 vehicles entered the intersection in the indecision zone, and 29 ran the red
light. Let p denote the proportion of red light runners at the first intersection. Can you conclude that the proportion of red light runners differs between the two
intersections? Use the a=0.01 level of significance.

Answers

Answer:

Step-by-step explanation:
To test the null hypothesis that the proportion of red light runners is the same at both intersections, we can use a two-sample z-test for proportions.

Let p1 be the proportion of red light runners at the first intersection, and p2 be the proportion of red light runners at the second intersection. We want to test the null hypothesis:

H0: p1 = p2

against the alternative hypothesis:

Ha: p1 ≠ p2

We can use the following formula to calculate the test statistic:

z = (p1 - p2) / sqrt(p_hat * (1 - p_hat) * (1/n1 + 1/n2))

where p_hat = (x1 + x2) / (n1 + n2) is the pooled sample proportion, and x1 and x2 are the number of red light runners at the two intersections, and n1 and n2 are the sample sizes.

For the first intersection, we have x1 = 24 and n1 = 127. For the second intersection, we have x2 = 29 and n2 = 164.

The pooled sample proportion is:

p_hat = (x1 + x2) / (n1 + n2) = (24 + 29) / (127 + 164) = 0.167

The test statistic is:

z = (p1 - p2) / sqrt(p_hat * (1 - p_hat) * (1/n1 + 1/n2)) = (0.189 - 0.177) / sqrt(0.167 * (1 - 0.167) * (1/127 + 1/164)) = 0.99

Using a standard normal distribution table, we can find that the probability of getting a z-value of 0.99 or greater is 0.160. Since this is greater than the significance level of 0.01, we fail to reject the null hypothesis.

Therefore, we cannot conclude that the proportion of red light runners differs between the two intersections.

f(x)=2x³-5x²
g(x)=2x-1
Find (f- g)(x)

Answers

Answer:

2x³-5x² - 2x + 1

Step-by-step explanation:

We are given

f(x) = 2x³ - 5x²

g(x) = 2x - 1

and asked to find (f - g)(x)

(f - g)(x) is nothing but f(x) - g(x)

(f- g)(x) = f(x) - g(x) = 2x³-5x² - (2x - 1)

= 2x³-5x² - 2x + 1

find the diameter of a circle whose circumference is 44cm

Answers

Answer: 14

Explanation: inverse operation

A store manager kept track of the number of newspaper sold each week over a seven week period.the result were as fellows 71,81,202,113,269,248,242​

Answers

The median number of newspapers sold is 202 newspaper. So, correct option is C.

To find the median, we need to arrange the given data in ascending or descending order.

The given data in ascending order: 71, 81, 113, 202, 242, 248, 269

Since there are 7 data points, the median will be the fourth value in the sorted list. Therefore, the median number of newspapers sold is 202.

Hence, the correct answer is option C, which states that the median number of newspapers sold is 202.

The median is the middle value of a dataset when arranged in order, and it's a measure of central tendency that is less affected by outliers than the mean. In this case, the median value represents the value at which half the data points are below it and half are above it.

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Complete question is:

A store manager kept track of the number of newspaper sold each week over a seven week period. the result were as fellows 71,81,202,113,269,248,242​

Find the median number of newspapers sold.

A. 175 newspapers

B. 113 newspapers

C. 202 newspapers

D. 242 newspapers

Carmen invested $2,000 in a mutual fund that is front-loaded, with a loading rate of 4.75 %. What was the
loading charge of this fund? (3 points)

Answers

Answer:

$95

Step-by-step explanation:

Carmen invested $2,000 in a mutual fund with a loading rate of 4.75%. To calculate the loading charge, we can multiply the amount invested by the loading rate: $2,000 * 4.75% = $95. So, the loading charge for this mutual fund was $95.


Your parents are purchasing a mobile home for $89,000. The sales tax is 4.2%, they make a $3,000 down payment, and they have an average credit score. How much is the PRINCIPAL BALANCE after applying their first month’s payment of $925.67?

Secured Unsecured
Credit APR (%) APR (%)
Excellent 4.75 5.50
Good 5.00 5.90
Average 5.85 6.75
Fair 6.40 7.25
Poor 7.50 8.40



A. $89,249.80


B. $88,245.05


C. $88,912.03


D. $89,021.98

Answers

To determine the principal balance after the first month's payment, we need to find the initial loan amount and the interest rate.

The initial loan amount is the purchase price of the mobile home minus the down payment and the sales tax.

Initial loan amount = $89,000 - $3,000 - (4.2% * $89,000) = $81,738

Next, we need to determine the interest rate based on your parents' credit score. Since the problem states that they have an "average" credit score, we will use the average interest rates for secured and unsecured credit with an APR of 5.85% and 6.75%, respectively. Since this is a mobile home purchase, we will assume that the loan is secured and use an interest rate of 5.85%.

Using these values, we can calculate the principal balance after the first month's payment using the formula for the present value of an annuity:

PV = C * [(1 - (1 + r)^(-n)) / r]

where PV is the present value, C is the monthly payment, r is the monthly interest rate (5.85% / 12 = 0.4875%), and n is the number of months (30 years or 360 months).

Substituting the given values, we get:

PV = $925.67 * [(1 - (1 + 0.004875)^(-360)) / 0.004875]

PV = $81,276.05

Therefore, the principal balance after applying the first month's payment is $81,276.05.

Answer: B. $88,245.05 is not correct, the correct answer is $81,276.05

Less than 53% of adults would erase all of their personal information online if they could . The hypothesis test results in a p-value of 0.0059

Answers

A conclusion on the null hypothesis is C. Reject H_{0} because the P-value is less than or equal to a.

What should happen to the null hypothesis ?

Stated in the initial description is the null hypothesis, establishing that adults who possess a desire to eliminate all personal information available online would equate to or exceed 53%, while the alternative conjecture rests on this percentage being under 53%.

The statistical significance level at hand designated as alpha equals 0.05 indicates that a P-Value having less than or equal value of 0.05 is necessary for declining the null hypothesis. As provided by the task's question, the computed P-value registers a score of 0.0059 which falls below the established significance level of 0.50 and thus resulting in null hypothesis rejection.

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Need answer asap. Thank you for helping me.

Answers

The estimate of the cost for a 20-ft cord is given as follows:

$74.66.

How to find the equation of linear regression?

To find the regression equation, which is also called called line of best fit or least squares regression equation, we need to insert the points (x,y) in the calculator.

The points in the context of the problem are given as follows:

(3, 12.75), (5, 16), (6, 25.99), (50, 185).

Inserting these points into a calculator, the regression equation is given as follows:

y = 3.6794x + 1.06462.

Hence the estimate of the cost for a 20-ft cord is obtained when x = 20 as follows:

y = 3.6794(20) + 1.06462

y = $74.66.

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The whole page tysmmmm plsss step by step explanation

Answers

Answer:

Step 1:

a.) 16 pets in total (1 + 0 + 2 + 0 + 3 + 8 + 0 + 2)

b.) the mean is 2 (16 is the total number of pets, divide that by 8 which is the total number of students asked, 16/8 = 2)

Step 2:

a.) 0, 0, 0, 1, 2, 2, 3, 8 (zero, one, two, three, four, five, six, seven, eight.)

b.) 0 and 3 are the middle numbers (center.)

c.) 3/2 = 1.5 (0+3 = 3 divided by 2 = 1.5)

Step 3:

- most of the students did not have any pets, so the mode would be 0 (it is zero because zero appears in the set of numbers 3 times. More than any other number).


Step 4:

They should use the mean of the amount of pets the students have; this is because the mean is the average amount of pets counting everyone in class—regardless on if there were zeros in the list.

Question 2 (1 point)
Thomas's football team lost 3 yards in their first drive while Derrek's
football team gained 5 yards in their first drive. The first drives for each
team can be compared on a number line, where 0 represents the line
of scrimmage for each play.
Select the correct numbers for Derrek and Thomas' football teams.

Oa Derrek's Team has-5
Ob Thomas' Team has +3
OcThomas' Team has -3
Od Derrek's Team has +5

Answers

The correct numbers for Derrek and Thomas' football teams are :

c. Thomas' Team has -3d. Derrek's Team has +5

How to find the numbers ?

According to the information given, Thomas's football team lost 3 yards in their first drive, which means they moved backward 3 yards from the line of scrimmage. This can be represented as -3 on the number line.

On the other hand, Derrek's football team gained 5 yards in their first drive, which means they moved forward 5 yards from the line of scrimmage. This can be represented as +5 on the number line.

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If the given expression is multiplied by 36
, which expression is NOT equivalent?
Responses


A (32
)(38
)( 3 2 )( 3 8 )


B 910
9 10


C 310
3 10


D (35
)(35
)

Answers

Answer:

The correct answer is (C) 310.

Multiplying the given expression by 36 gives:

(32)(38) + (35)(35) - (33)(37)

= 1216 + 1225 - 1221

= 1220

So the equivalent expression is 1220.

Option (C) 310 is not equivalent to 1220.

Is this a parallelogram and why?

Answers

Answer:

Yes, it's a parallelogram bcz the opposite sides are parallel and equal.

What is equivalent to x^2-5x+6

Answers

Answer:

[tex]=\left(x-2\right)\left(x-3\right)\\[/tex]

Step-by-step explanation:

Given:

[tex]x^2-5x\:+6[/tex]

To find:

Equivalent to x^2-5x+6

Explanation:

[tex]x^2-5x+6\\=\left(x^2-2x\right)+\left(-3x+6\right)\\=x\left(x-2\right)-3\left(x-2\right)\\\mathrm{Factor\:out\:common\:term\:}x-2\\=\left(x-2\right)\left(x-3\right)[/tex]

Final Answer:

(x-2)(x-3)

HELP PLEASE I REALLY NEED HELP ON THIS QUESTION HELP!

Answers

Answer:

No I don't. The editor will receive 360 undelivered mail.

Step-by-step explanation:

He sends 12000 emails, 3/100 of them come back undelivered.

Multiply to find the answer:

12000 x 3/100 = 36000/100 = 360

Simple as that; the editor will find that 360 of his sent emails will come back undelivered.

Category: nr percentages
question_id: 5782
Alex is really upset. He invested a lot of money in shares and only has $72,800 left of his original
investment. His shares dropped in value by 35% in 4 days. What amount did Alex pay for his shares
to being with?

Answers

Let X be the original amount that Alex paid for his shares.

After a 35% drop in value, Alex's shares are worth 65% of their original value.

So, we can write the equation:

0.65X = 72800

Solving for X, we divide both sides by 0.65:

X = 72800 / 0.65

X ≈ $112,000

Therefore, Alex paid around $112,000 for his shares to begin with.

Answer:

Let's start by using algebra to solve for the original amount that Alex paid for his shares.

Let X be the original amount that Alex paid for his shares.

We know that his shares dropped in value by 35%, so after the drop, he had 65% of his original investment left:

0.65X = $72,800

Solving for X:

X = $72,800 / 0.65

X = $112,000

Therefore, Alex paid $112,000 for his shares to begin with.

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