Adjusted Balance Method-
Interest $______
New Balance $______
Average Daily Balance ≈ $475.42 Interest ≈ $4.75 New Balance ≈ $369.75
To calculate the interest and the new balance using the Adjusted Balance Method, you first need to find the average daily balance. The Adjusted Balance Method considers the balance after subtracting any payments made during the billing cycle. Here's how to calculate it:
1. Start with the previous balance: $500
2. Add the purchases made during the billing cycle:
- May 12: $25
- May 22: $100
- May 30: $50
Total purchases = $25 + $100 + $50 = $175
3. Subtract any payments made during the billing cycle:
- May 20: $110
4. Calculate the average daily balance. To do this, you need to consider the number of days each balance was carried during the billing cycle. Assuming a 30-day billing cycle, here's how you calculate it:
- For the first 8 days (May 1 to May 8), the balance is $500.
- For the next 4 days (May 9 to May 12), the balance is $500 + $25 (May 12 purchase).
- For the next 10 days (May 13 to May 22), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase).
- For the last 8 days (May 23 to May 30), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase) + $50 (May 30 purchase) - $110 (May 20 payment).
5. Calculate the average daily balance by summing up the balances for each period and dividing by the total number of days in the billing cycle (30 days in this case).
Now that you have the average daily balance, you can calculate the interest using the monthly interest rate of 1% (12% per year):
Interest = Average Daily Balance * Monthly Interest Rate
New Balance = Previous Balance + Purchases - Payments + Interest
Please calculate the average daily balance and then use the interest formula to find the interest and update the new balance.
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Answer:
Darren bought a differentiated product.
Explanation:
The differentiated product enjoys a distinction from similar products/brands in the market. This distinction may be real or psychological. Real distinction reflects from the ingredients, quality, utility, or service which the product gives. Psychological distinction is a feature of subtle sales appeals.
Other types of product include Customized, Augmented, and Potential Products. Customized Products are built to customers' specifications. Augmented Products are products with added manufacturers' improvements. Potential Products are tomorrow's products limited by economic and technological resources.
b. agricultural sector
c. service sector
d. goods producing sector
b) Traditional legal principles that have changed because of technology.
c) Laws that are written on computers, smartphones, tablets or other technology. d) Only federal statutes
Cyberlaw consists of:
b) Traditional legal principles that have changed because of technology.
Cyberlaw is a broad term that encompasses the legal principles that apply to the use of technology, including computers, the internet, and networks.
This includes both traditional legal principles that have been adapted to the digital age, as well as new laws that have been created specifically to address cybercrimes.
For example, the law of contracts is a traditional legal principle that has been adapted to the digital age. In the past, contracts were typically formed by signing a piece of paper.
Therefore, the answer to the question is that cyberlaw consists of traditional legal principles that have changed because of technology.
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