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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
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?
What is wrong with the statement george next weighed the rock on a balance?
The statement "George next weighed the rock on a balance" is somewhat vague because it does not specify what type of balance is being used (e.g., a beam balance or a digital scale). Additionally, it might imply that the rock was weighed immediately after a previous action without providing context, which can lead to confusion. For clarity, it would be better to specify the method of weighing and the sequence of events leading up to it.
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.
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 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.
What method for calculating credit card balance does not take into account the purchases or the payments made during the current billing cycle?
The method for calculating credit card balance that does not account for purchases or payments made during the current billing cycle is the "previous balance method." This approach simply uses the balance carried over from the previous billing cycle, disregarding any transactions that occurred in the current cycle. As a result, it may not accurately reflect the current amount owed if there have been significant purchases or payments.
What methods has the highest finance charge?
Charging the previous balance
What is the projected balance sheet method?
projected balance sheet method
When interest for a credit card is calculated using the average daily balance method an adjusted balance is compute for each day of the month interest is calculated using the outstanding balance at?
When using the average daily balance method for calculating credit card interest, the adjusted balance is determined by taking the outstanding balance at the end of each day of the billing cycle. Each day's balance is then summed and divided by the total number of days in the billing period to find the average daily balance. Interest is then calculated based on this average balance, which reflects the total amount owed over the month. This method provides a more accurate representation of the account's activity compared to other methods, such as the previous balance method.
Which of these methods has the highest finance charge charging a flat rate fee charging the unpaid balance charging the previous balance charging the average daily balance?
Charging the previous balance
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
Rhonda wrote a check for 45.92 What is her new balance if she had a previous balance of 225.46?
179.54
What is the finance charge calculation method for mastercard?
The finance charge calculation method for Mastercard typically involves the average daily balance method. This method calculates the average balance over the billing cycle and applies the annual percentage rate (APR) to determine the finance charge. The finance charge can also consider any new purchases, payments, and previous balances. It's important to review the specific terms provided by your card issuer, as they may vary.
