Peggy Andrews has a charge account at Davis Jewelers, which uses the unpaid-balance method of computing finance charges. The periodic rate is 1.75 percent. Andrews’ previous balance is $9,472.08. She had payments and credits of $250.00. Andrews had $45.00 in new purchases. What is the new account balance?

Therefore the new account balance is $9428.47

Explanation:

Given that:

Peggy Andrews has a charge account at Davis Jewelers, which uses the unpaid-balance method of computing finance charges.  

The periodic rate = 1.75%

Andrews’ previous balance = $9,472.08

Andrews credit payments = $250

Andrews new purchases = $45

To get the unpaid balance, we subtract Andrews credit payments from her previous balance.

Therefore the unpaid balance = $9472.08 - $250 = $9222.08

Periodic rate = 1.75% of unpaid balance = 0.0175 × $9222.08 = $161.39

The new account balance =  unpaid balance + periodic rate + payments and credits = $9222.08 + $161.9 + $45 = $9428.47

Therefore the new account balance is $9428.47

New account balance = $9,428.47

Explanation:

Given the following ;

Andrew's Account Details at Davis jewelers :

Previous account balance = $9,472.08

Payment and credit = $250.00

New purchase = $45.00

Periodic rate = 1.75%

Using the unpaid balance method, Andrew's account balance can be calculated thus;

Unpaid balance = (previous balance - payment and credit balance)

Unpaid balance = $(9,472.08 - 250) = $9222.08

Interest is charged on unpaid balance :

0.0175 × $9222.08 = $161.39

Therefore, new account balance :

Unpaid balance + interest amount + new purchase

$(9,222.08 + 161.39 + 45) = $9,428.47

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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answer; /// place the thermal compound between the heat sink and the microprocessor;