Amira and Owen pay, on average, $800 towards their credit cards every month, and generally carry...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Amira and Owen pay, on average, $800 towards their credit cards every month, and generally carry a balance of $2,000 from month to month. Combined, their total credit card limit is $10,000. Note: Their financial institution factors in 5% of the credit card maximum or the average monthly payment, whichever is higher, and 3% of the maximum possible withdrawal on their line of credit. What is there TDS limit %? Amira and Owen pay, on average, $800 towards their credit cards every month, and generally carry a balance of $2,000 from month to month. Combined, their total credit card limit is $10,000. Note: Their financial institution factors in 5% of the credit card maximum or the average monthly payment, whichever is higher, and 3% of the maximum possible withdrawal on their line of credit. What is there TDS limit %?
Expert Answer:
Related Book For
Probability and Random Processes With Applications to Signal Processing and Communications
ISBN: 978-0123869814
2nd edition
Authors: Scott Miller, Donald Childers
Posted Date:
Students also viewed these accounting questions
-
The Dj Vu Card Company offers greeting cards for every occasion at unmatched prices. The following information comes from Dj Vus accounting records for December of the most recent year: Greeting...
-
Cards are drawn from a standard 52- card deck until an ace is drawn. After each card is drawn, it is put back in the deck and the cards are reshuffled so that each card drawn is independent of all...
-
Cards are drawn from a standard 52- card deck until the third club is drawn. After each card is drawn, it is put back in the deck and the cards are reshuffled so that each card drawn is independent...
-
In Exercises find the positive values of p for which the series converges. n=1 n
-
Give the expected hybridization of the central atom for the molecules or ions in Exercises 57, 58, and 60 from Chapter 13.
-
Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations. March 1 - Bills are sent to clients for services provided in February in the amount of $800. March 9 -...
-
John Pedrick has just completed a meeting with the credit manager of your company. Pedrick Company is 180 days late paying its \($50,000.00\) outstanding account receivable. The credit manager...
-
After liquidating noncash assets and paying creditors, account balances in the Mann Co. are Cash $21,000, A Capital (Cr.) $8,000, B Capital (Cr.) $9,000, and C Capital (Cr.) $4,000. The partners...
-
On January 1, 20X1, Par Company purchased all the outstanding stock of South Bay Company, located in Canada, for $121,500. On January 1, 20X1, the direct exchange rate for the Canadian dollar (C$)...
-
1. Prepare a payroll register for Mary's Luxury Travel for the week ended March 22, 20--. (In the Taxable Earnings/Unemployment Compensation column, enter the same amounts as in the Social Security...
-
An airplane flies at a speed of 9 9 3 km / h at an altitude where the pressure conditions are 5 1 kPa and the temperature is - 2 3 \ deg C . The turbine compressor has pressures of 1 1 and the...
-
Explain the following: (a) Gyroscopic stabilization of sea vessels (b) Effect of gyroscopic couple on the stability of an automobile negotiating a curve (c) What are the principle of a gyroscope?...
-
Calculate the minimum number of teeth on a pinion to avoid interference to have a speed ratio of 2.5:1. The pressure angle is \(20^{\circ}\) and addendum of one module of gear may be used.
-
What is the fixing torque of a gear in an epicyclic gear train?
-
What are free and damped vibrations?
-
A pair of \(20^{\circ}\) full involute spur gears having 40 and 60 teeth of module \(4 \mathrm{~mm}\) are in mesh. The smaller gear rotates at \(1440 \mathrm{rpm}\). Find (a) sliding velocity at...
-
H0: u=2.6 H1: u 2.6 Based on a sample of 65 people, the sample mean GPA was 2.55 with a standard deviation of 0.05 I entered the stats T-Test in my TI 83. u0 = 2.6 xbar: 2.55 Sx: .05 n = 65 The test...
-
On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...
-
A sequence of random variables, Xn, is to be approximated by a straight line using the estimate, n = a+ bn. Determine the least squares (i. e., minimum mean squared error) estimates for a and b if...
-
A binary phase shift keying signal is defined according to for all n, and B [n] is a discrete- time Bernoulli random process that has values of + 1 or - 1. (a) Determine the autocorrelation function...
-
Use mathematical induction to prove Theorem 2.4. Recall Theorem 2.4 states that a combined experiment E = E1xE2xE3x...x Em, consisting of experiments each Ei with n1 outcomes, i=1, 2, 3... m, has a...
-
Explain how each of the following security procedures can increase system reliability: 1 Encryption 2 Employee security awareness training 3 Eirewalls 4 IDS 5 VPNs
-
Modifying default configurations to improve security is called a. encryption hardening b. patching dialing c. hardening d. war dialing
-
Which of the following is an authorization control? a. fingerprint reader c. encryption b. compatibility test d. log analysis
Study smarter with the SolutionInn App