Hello,

I am stuck on trying to get to the correct solution, can someone please help show me how to get to there in a step-by-step process?

1. A vendors account shows the following activity during the month of July:

07/02 Outstanding Balance $38.97

07/02 Returned Check Charge $15.98

07/11 Credit -$7.00

07/27 Payment Received-Thank You -$38.97

07/31 Current Months Billing $37.95

What will the vendors bill be for that particular month, given the above activity?

1. $46.93
2. $46.95
3. $49.63
4. $53.93

2. After 30 years, a bond has matured and is now worth $30,000. It earned an annual rate of return of 3 percent. What is the bonds face value?

1. $900
2. $27,000
3. $30,000
4. $57,000

3. October revenues were $7,840.00, followed by November revenues of $7,056.00. Therefore, compared to October, the November revenues demonstrated a decline of:

1. 7 percent
2. 9 percent
3. 10 percent
4. 11 percent