1 a charge account had a balance of 979 on may 5 a purchase, Ask an Expert

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1. A charge account had a balance of $979 on May 5. A purchase of $221 was made on May 17, and a payment of $175 was made on May 20. The interest on the average daily balance is 1.9% per month. Find the finance charge on the June 5 bill. (Round your answer to the nearest cent.)

2. A small company manufactures and sells bicycles. The sales manager has determined that the demand function for q q(q≥0) bicycles per week is: p = 868 - 24q

Find the? maximum? weekly revenue. (Round your answer to 2 decimal places)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92743992

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