Jessica’s credit card is on a 30-day billing cycle, and it computes finance charges using the adjusted balance method. The following table details Jessica’s use of her credit card in the month of October. Date Amount ($) Transaction 10/1 1,240. 55 Beginning balance 10/2 36. 43 Purchase 10/10 75. 00 Payment 10/13 131. 79 Payment 10/20 41. 52 Purchase 10/22 25. 00 Purchase What is Jessica’s adjusted balance for October? a. $1,136. 71 b. $1,033. 76 c. $1,140. 55 d. $1,240. 55.

Question

04-03-2022
Business

Answered

Find detailed and accurate answers to your questions on IDNLearn.com. Get accurate answers to your questions from our community of experts who are always ready to provide timely and relevant solutions.

Jessica’s credit card is on a 30-day billing cycle, and it computes finance charges using the adjusted balance method. The following table details Jessica’s use of her credit card in the month of October. Date Amount ($) Transaction 10/1 1,240. 55 Beginning balance 10/2 36. 43 Purchase 10/10 75. 00 Payment 10/13 131. 79 Payment 10/20 41. 52 Purchase 10/22 25. 00 Purchase What is Jessica’s adjusted balance for October? a. $1,136. 71 b. $1,033. 76 c. $1,140. 55 d. $1,240. 55.

Sagot :

We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Your questions deserve reliable answers. Thanks for visiting IDNLearn.com, and see you again soon for more helpful information.

Organelles And Other Cellular Material Are Held Inside The Cell By Which Of The Following? Cellular Membrane Nucleus Mitochondria Endoplasmic Reticulum

What Is The Approximate Perimeter Of A Semicircle With A Radius Of 6 Cm? Use Pi Star Times = 3.14. Express Your Final Answer To The Nearest Hundredth.I THINK It

Choose "innate" If The Behavior Is An Innate Behavioral Adaptation And "learned" If It Is A Learned Behavioral Adaptation. A Spider Weaves A Web. A. Innate B. L

What Is 165,023,912 Rounded To The Nearest 100 Million

James Watt And Samuel Slater Made Important Contributions To The Industrial Revolution. Which Of The Following Statements Is Not True Of Watt? A. He Built A Pi

Which Sentence Best Describes Radiometric Dating? A. A Technique To Measure The Absolute Age Of Rocks Based On The Radioactive Decay Of Isotopes Within The Rock

13. The Ratio Of Games The Falcons Won To The Games They Lost Is 7:5. What Is The Ratio Of Games Won To The Total Number Of Games Played? A= 5:7 B= 5:12 C= 7:1

Mr.tom Is Making 8 Of His Famous Cheese Sandwiches.he Uses 1/4 Of A Pound Of Chesse For Each Sandwich. A. How Many Pounds Of Cheese Does Mr.tom Need To

What Is The Average Acceleration Of A Jet Ski That Goes From Rest To 10 M/s West In 4 S? Take The Direction West To Be Positive, And East To Be Negative. A. 2.5

For Revolutionaries Like Sam Adams,the Term ____ Embraced A Way Of Life , A Core Ideology, And An Uncompromising Commitment To Liberty And Equality.

SuchetasVTidn SuchetasVTidn · Answer 1 · 2022-03-10T08:41:53-05:00

The adjusted balance of Jessica for the month of October is $ 1033.76. In this method, monthly payment is deducted from the unlock balance, and purchase is not included in the balance.

What is the adjusted balance method?

With the adjusted balance method, the credit card company starts with the balance from the end of the last payment cycle and withdraws any payments made, and adds any credits sent to the account during the current cycle.

In the given information, to calculate the adjusted balance we will deduct the payments made from the beginning balance and ignore the purchases made for the month:

[tex]= \$\,1,240.55 - \$\,75.00 - \$\,131.79\\\\= \$\,1033.76[/tex]

Hence, The correct answer is Option B.

To learn more about adjusted balance method, refer to the link:

https://brainly.com/question/11355738

Sagot :

What is the adjusted balance method?

Other Questions