Aaron Had an Unpaid Balance of $1427

question 43

Multiple Choice

Aaron had an unpaid balance of $1427.57 on his credit card statement at the beginning of August. He made a payment of $245.00 during the month, and made purchases of $205.97. If the interest rate on Aaron's credit card was 19.5% per month on the unpaid balance, find his finance charge and the new balance on September 1.

• A) Finance charge = $281.49; new balance = $1670.03
• B) Finance charge = $280.70; new balance = $1669.24
• C) Finance charge = $278.38; new balance = $1666.92
• D) Finance charge = $277.59; new balance = $1666.13

Recognize the role of technology in enhancing supply chain efficiency, including the implementation and security of CRM systems.

Grasp the concept and importance of supply chain flows (material, information, and financial).

Understand the strategic approaches companies like Zara use to gain competitive advantage in fast fashion.

Realize the significance of forecasting in supply chain management and its impact on the choice of supply chain model.

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Definitions:

Product Diversity

Refers to the range of different products or services offered by a company, indicating the variety in a company's offerings.

Direct Labour

The workforce engaged directly in the manufacturing process, whose labor costs can be directly attributed to specific products.

Bill Of Activities

A detailed list of all the actions or activities that are required to complete a project or produce a product.

Activity Driver

An activity driver is a factor that influences the performance or cost of activities within a business, helping to accurately allocate costs based on actual consumption or usage.