770 Solve the problem. 1) On the December 8 billing date, Hakeem had a balance...
70.2K
Verified Solution
Link Copied!
Question
Accounting
770 Solve the problem. 1) On the December 8 billing date, Hakeem had a balance due of $640.34 on his credit card. The 1) transactions during the following month were: December 10 Charge : football tickets $178.41 3 December 12 Payment $95.83 0776 = 327 January 3 Charge: restaurant meal $54.00 The interest rate on the card is 1.4% per month. Using the average daily balance method, find the balance due on January 8 (December has 31 days). A) $786.82 B) $786.66 C) $787.17 D) $650.59
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.