You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 2.6 percent per year, compounded monthly for the first six months, increasing thereafter to 17.5 percent compounded monthly. Assuming you transfer the $12,500 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered