The interest on the average daily balance is 19 per month


1. A charge account had a balance of $979 on May 5. A purchase of $221 was made on May 17, and a payment of $175 was made on May 20. The interest on the average daily balance is 1.9% per month. Find the finance charge on the June 5 bill. (Round your answer to the nearest cent.)

2. A small company manufactures and sells bicycles. The sales manager has determined that the demand function for q q(q≥0) bicycles per week is: p = 868 - 24q

Find the? maximum? weekly revenue. (Round your answer to 2 decimal places)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The interest on the average daily balance is 19 per month
Reference No:- TGS02700808

Expected delivery within 24 Hours