Question: Ed Lubbock's FlashCard bill is below. There are entries missing. a. What is Ed's average daily balance? b. What is Ed's finance charge? c. What

Ed Lubbock's FlashCard bill is below. There are entries missing.

a. What is Ed's average daily balance?
b. What is Ed's finance charge?
c. What is Ed's new balance?
d. What is Ed's available credit?
e. If the $30 charge to Petrela Sailboats had been posted on 12/9, would the finance charge be higher or lower for this billing cycle? Explain.

Ed Lubbock 1234 Algebra Street Eudid, WA ACCOUNT INFORMATION Account Number TRANSACTIONS 7-6234712 Billing Dat Dec Payment Due 21 Dec DEBITS / CREDITS (-) 24 NOV632174293 Rusty's Rib Palace IDEC 3214462S3 Payment 6 DEC 333261114 Patrela Sailboats $48.00 $100.00 $30.00 Previous Paymonts Financo Purchases Charge Charge Balance Payment Lato Now Minimum S42150 $10000 S78.00 530.00 AverageDays Total Credt Line Total Avalabie Gredit Monthly Porodic Rata $ 1,000.00 Daily Balance n Biling Cycla 30 APR 19b% 1.66%

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