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Credit card balance method that subtracts payments and credits in this month from balance at end of last month is?
Adjusted Balance Method
When is the reducing balance method more suitable than the straightline method?
in what circumstances is the reducing balance method more appropriate than the straight line method?
Which method for calculating a credit card balance does not take into account the purchases or the payments made during the current billing cycle?
Adjusted balance method APEX
What is the previous balance method?
calculates the interest you owe for your balance at the end of the previous billing period
Why do balance the two halves of balance sheet?
That method is called account form of balance sheet and on the other hand there is another form of balance sheet which is called statement form.
What is the projected balance sheet method?
projected balance sheet method
Credit card balance method that subtracts payments and credits in this month from balance at end of last month is?
Adjusted Balance Method
When is the reducing balance method more suitable than the straightline method?
in what circumstances is the reducing balance method more appropriate than the straight line method?
Which method for calculating a credit card balance takes into account both the purchases and the payments made during the current billing cycle?
Average Daily Balance Method
What method of calculating finance charge results in the lowest finance charge?
The method of calculating finance charges that typically results in the lowest finance charge is the Average Daily Balance method. This approach considers the daily balance of the account over the billing cycle, allowing for fluctuations in the balance to be averaged out, which can lead to a lower overall finance charge compared to methods like the Previous Balance method or the Adjusted Balance method. By minimizing the balance used in calculations, the Average Daily Balance method can reduce the finance charge incurred.
Which method for calculating a credit card balance does not take into account the purchases or the payments made during the current billing cycle?
Adjusted balance method APEX
What are the depreciations methods?
two methods: Cost method and diminishing balance method
Which interest method do credit card companies prefer?
The interest method that credit card companies prefer will vary depending on the company. In most cases, they use the average daily balance method or the daily balance method.
What is the statutory percentage method formula?
same as double declining balance method, 200%
Which method for calculating a credit card balance does not take into account the purchases or payments made during the current billing cycle?
Adjusted balance method APEX
What is the previous balance method?
calculates the interest you owe for your balance at the end of the previous billing period
Interest is charged on the average daily balance on your charge card with the?
Average daily balance method
