WebThe last column represents the daily balance. The average daily balance is $700. If the interest rate is 10%, then the total late charge for this billing period is $70. This is calculated as follows: ($0 + $1,000 + $1,000 + $750 + $750 = $3,500) / 5 days = $700 $700 * 10% interest rate = $70 total late charge. Related Topics. WebBusiness Finance 3. Use the unpaid balance method to find the finance charge on the credit card account for August. The starting balance from the previous month is $220. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 16% on the account and that the billing date is August 1st.
ACID-BASE EQILIBRIUM SYSTEMS - Marmara
Web(1) Charge Balance: ∑ c a t i o n s = ∑ a n i o n s However, analytical errors and/or unanalyzed constituents cause electrical imbalances. One measure of this imbalance is … WebSep 5, 2024 · Solution: Step 1 – Straight-line depreciation rate: 1/5 = 0.2 or 20% Step 2 – Declining balance rate (accelerated depreciation rate): 20% × 2 = 40% Step 3 – calculation of depreciation expense and preparation of schedule: * The book value of the equipment at the beginning of year 5 is $64,800 whose 40% is $2,5920. marco lafrance
Answered: 3. Use the unpaid balance method to… bartleby
WebMar 17, 2024 · The basic steps for formula calculation are: Divide the weight percentage of each oxide by the formula weight of that oxide. Multiply the resulting "mole number" of each oxide by the number of oxygens in the oxide formula. WebMay 18, 2024 · First subtract the asset's salvage value from its cost, in order to determine the amount that can be depreciated. Total depreciation = Cost - Salvage value Next, divide this amount by the number of... WebSep 30, 2024 · Use the following balance formula to calculate the depreciation: (Net book value – residual value) x depreciation factor = the depreciation charge per year You then take the depreciation charge and subtract it from your current book value. This will end up calculating your remaining book value. css margin negative value