ASSIGNMENT The following problem reflect the reading material you had to prepare for this week. Write it down, and solve it in detail (show all of your steps). In your solutions, you are only to use the math concepts that have been covered in this course up to this point. A group of students were […]
Create a trial Balance. Prepare new financial statements (provide a balance sheet and income statement from the new balances).
Journal Entries Using the Balance Sheet and Income Statement , answer the following questions: Create a trial Balance. (1 mark) On June 30, 2018, the following transactions occurred. Prepare Journal Entries for each one. Note that the chart of account is condensed! So you will have to decide which provided account is appropriate. (Remindereach journal […]
How long will it take for Mark get his balance to $0? (Use the interest calculator linked above.) What strategies should Mark use to pay off the card sooner?
Unit 2 – Individual Project Finance Mark has a credit card with a $5,000 balance. His interest rate is 19%, and the credit card company requires a minimum 2% payment, this is $100 per month. This interest calculator will show how much total interest Mark will pay. Write a short paper (300–500 words) that answers […]
Give the importance of Labeling Credit Card with Warning
Labeling Credit Card with Warning(debt culture) Schools should teach Finance management in a better way since it has become a serious matter today. Households are crushing today due to financial ignorance towards debts. Credit cards are tricky if you become ignorant because they can behave like a snowball; once inside, leaving becomes challenging. Thus a […]