A dry cleaning business offers a pick-up and delivery service for a 10 percent surcharge. Management believes 60 percent of the existing customers will take advantage of this service
They are also considering offering customers the option of opening an account and receiving monthly bills. They believe 60 percent of customers (regardless of whether or not they use the pick-up service) will use the account service. If the two services are introduced to the market, what is the probability that a customer uses only one of these services?
A) 0.40
B) 0.60
C) 0.48
D) 0.24
E) None of the above
C
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The worksheet is NOT a journal, a ledger, or a financial statement
Indicate whether the statement is true or false
If Bradley buys a new game console for $560 this month and sends in a credit card payment of $950 when he gets his statement, how much interest will he pay on the game console for the month?
Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash-advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance. A) 21 percent B) 1.75 percent C) 3 percent D) None, since he paid for the game console in full during the grace period.