Twila decides to purchase several party trays for her holiday party. She sees that a local store has relish trays for $18.95, cheese and cracker trays for $23.99, and cookie trays for $25.49. The store also has a coupon in its flyer for $5 off any purchase of $50 or more on party trays. Twila orders 1 relish, 1 cheese and cracker, and 2 cookie trays. At this store, discount coupons are applied after tax is calculated, so a sales tax of 8% was added to Twila’s purchase, and then coupon amount was deducted. If Twila was charged $96.43, determine if she paid the correct amount. a. Twila paid the correct amount for her purchase. b. Twila paid $4.00 too little for her purchase. c. Twila paid $0.40 too much for her purchase. d. Twila paid $2.51 too much for her purchase. Please select the best answer from the choices provided.
Dwayne had a balance of $95.13 in his checking account on Monday morning. That day he used his debit card for the following transactions:Breakfast at the corner bagel shop: $8.53Gas in the car: $28.60Cable bill: $65.39Oil change: $30.64Dwayne's bank uses a balance system of debiting from highest to lowest. The bank will not return amounts up to a total of $50 in overdrafts, but they do charge a fee for each overdraft. How many overdraft fees will Dwayne incur?a.1b.2c.3d.4
A company offering tax refund anticipation loans is trying to draw new customers. The company guarantees that the annual percentage rate on its loans is 39%. What fees would the company charge on a $1,200 loan if the term of the loan is 18 days? (Round to the nearest dollar).a.$18b.$23c.$28d.$30
Mikah buys a new DVD player. After 9 days, he sees the same player on sale at another store for considerably less than what he paid for his. Since he still has the receipt, he decides to return the DVD player, get his money back, and buy it at the cheaper price. When he tries to make the return, he is disappointed to find out that returns on electronics must be made within three days of purchase.Which of the following responsibilities did Mikah most likely not meet?a.check the receiptb.know the return policyc.know the warrantyd.comparison shop
Which option below is a preventive measure against ID fraud or theft?a.Make purchases through the mail only.b.Never reveal personal information to a stranger.c.Carry personal information in your wallet or purse.d.Use the phone to transfer personal information.
Based on a $500 loan amount, rank the following companies from the lowest to highest annual percentage rate (APR).CompanyFees ChargedTerm of LoanA$6020 daysB$5012 daysC$7515 daysD$1008 daysa.A, B, C, Db.B, A, C, Dc.D, B, C, Ad.D, C, B, A
Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percentage rate (APR) on his loan is 250%. Approximately what is the term of Shaquil’s loan?a.7 daysb.29 daysc.46 daysd.73 days
Which answer choice is not one of the top 10 abusive lending practices?a.credit cardsb.high feesc.bait & switchd.balloon loan
Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loans in order to get the money to buy a new tire. She borrows $75 and plans to pay it back when she gets paid in 8 days. Barbara is charged a fee of $15 and the term on her loan is 8 days. Approximately what is the annual percentage rate on her loan?a.228%b.487%c.913%d.973%
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