A credit card finance charge is found by multiplying the balance by the finance charge rate, or ____________________

Fill in the blank(s) with correct word


periodic rate

Business

You might also like to view...

On January 1, Year 1, Jones Company issued bonds with a $240,000 face value, a stated rate of interest of 8.5%, and a 5-year term to maturity. The bonds were issued at 99. Interest is payable in cash on December 31st of each year. The company amortizes bond discounts and premiums using the straight-line method.What is the amount of cash outflow from operating activities shown on Jones' statement of cash flows for the year ending December 31, Year 2?

A. $19,920 B. $20,400 C. $20,880 D. $21,360

Business

Which of the following correctly pairs a technique with its approach?

A. The program evaluation and review technique (PERT) uses probabilistic estimation to determine the duration of an activity. B. The critical path method (CPM) uses subjective estimation to determine the duration of an activity. C. The program evaluation and review technique (PERT) uses optimistic estimation to determine the duration of an activity. D. The critical path method (CPM) uses pessimistic estimation to determine the duration of an activity.

Business

In __________ production, the entire workflow is mechanized in a sophisticated and complex form of production technology.

A. unit B. mass C. large-batch D. small-batch E. continuous process

Business

Which of the following is true regarding an uncertificated security?

A. A registered security is a type of an uncertificated security. B. Its ownership is recorded only on the books of the issuer. C. It is dealt in on securities exchanges. D. Most developed countries prevent companies from using uncertificated certificates.

Business