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Author Question: When using the unpaid or previous month's balance method: (Read 88 times)

RRMR

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on: Feb 26, 2020
When using the unpaid or previous month's balance method:
◦ the billing cycle is always 30 or 31 days
◦ the first step in calculating the new unpaid balance is to determine the purchases for the period and then add them to the previous balance
◦ the average daily balance is the same as the unpaid balance
◦ you should first multiply the unpaid or previous month's balance by the monthly rate
Business Math ¦ Cleaves, Hobbs, Noble ¦ 11th Edition
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Marked as best answer by RRMR on Feb 26, 2020

Sophiapenny

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Reply #1 on: Feb 26, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Feb 26, 2020
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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