Solved: On november 26 a 20000 payment was made on the account the, Business Management

+44 141 628 6080
[email protected]

On november 26 a 20000 payment was made on the account the

A firm has a 75,000$ line of credit. The annual percentage rate is the current prime rate plus 4.5%. The balance on November 1 was $12,300. On November 7 the firm borrowed $16,700 to pay for merchandise, and on November 21 it borrowed another $8,800. On November 26, a $20,000 payment was made on the account. The billing cycle for November has 30 days. If the current prime rate is 8.5% what is the finance charge on the account, and what is the firm's new balance?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Business Management: On november 26 a 20000 payment was made on the account the

Reference No:- TGS02213972

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Management

Q : Verify that the margin of error is about 11 for a 95

in given example the information given was that 3 of a nationwide randomly selected sample of n 883 suffered from

Q : Please describe why managing scm well requires attention

question 1 please describe why managing scm well requires attention both to system details and the broad external

Q : Create an argument against using a simulation you can

create an argument against using a simulation you can create a general argument or describe a real or fictional example

Q : The organization plans to gather data from a randomly

suppose that a polling organization is conducting a survey to estimate the proportion of americans who regularly attend

Q : On november 26 a 20000 payment was made on the account the

a firm has a 75000 line of credit the annual percentage rate is the current prime rate plus 45 the balance on november

Q : How was the lighting technique suited to the genre of the

preparemise en scegravene is a term meant to encompass the arrangement and use of a variety of design elements in

Q : In what ways can the business benefit from a web site what

assignmentyou are to select 1 business that does not already have a web site and develop an internet strategy for it

Q : What is the probability that the difference between the

suppose that a margin of error for a sample percentage is reported to be 3what is the probability that the difference

Q : Please answer in-depth and in word doc if sending an

please answer in-depth and in word doc if sending an attachment please no picture please1 discuss some of the

1930831

Questions
Asked

3,689

Active Tutors

1448336

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

Is early food experiences can impact development

Early food experiences can impact development over several learning domains, including Social and Emotional Development, Language

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

Discuss social worker working with foster children

You are a social worker working with foster children. You are making a home visit to Katie, age nine, and her foster family.

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred