A small business owner uses Excel to track finance charges for ...

[Shelles]

A small business owner uses Excel to track finance charges for customers using credit. Column A is Customer Name, Column B is Previous Balance, Column C is Annual Interest, Column D is Payments Made, Column E is Monthly Interest Rate, Column F is Finance Charge, and Column G is New Balance. What is the formula for Row 4 to calculate Finance Charge?
 a. =B4C4
 
  b. =(B4-D4)E4
 
  c. =(B4-D4)C4
 
  d. =B4E4

Question 2

In aggregate planning models, we can model backlogging of demand by allowing a month's inventory to be negative.
 a. True
  b. False
   Indicate whether the statement is true or false

[Zebsrer]

Answer to Question 1

b,c

Answer to Question 2

TRUE

[Shelles]

Thanks for the timely response, appreciate it

[FergA]

YES! Correct, THANKS for helping me on my review