help me to calculate this question, thank you . Alisya has a credit card...
50.1K
Verified Solution
Link Copied!
Question
Accounting
help me to calculate this question, thank you
. Alisya has a credit card from CIMB bank. Recently, she has received her credit card statement with the following information: Date Transaction December 6,2019 Begining balance December 10,2019 Swiss Garden Hotel Melaka December 14,2019 Lexis Hibiscus, Port Dickson December 16,2019 Melaka Premium Outlet December 18, 2019 Payment December 25, 2019 Jusco Aeon December 28, 2019 Nandos I-City Mall Shah Alam Amount (RM) 2000 650 1200 500 1000 850 540 The interest charge is 18% per anum and minimum payment is 5%. i. Calculate the outstanding balance based on average daily balance including current purchases method. (15 marks) ii. Calculate the outstanding balance based on average daily balance excluding current purchases method. (9 marks) iii. Propose any THREE (3) advices for Alisya based on the credit card spending habit. (6 marks)
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.