This question will be theoretical by asking you to choose options from the drop down menus to answer the question or complete the statement. You will not actually calculate anything.

On the October 11th billing date, Martin had a balance due of $987.19 on his credit card. The interest rate on the card is 1.4% per month. The transactions during the following month were:

October 13	Return	$93.30
October 19	Airline Ticket	$680.99
November 2	Dinner	$75.97
November 9	Payment	$211.56

A) How many days are there in this billing cycle? [ Select ] ["30", "31", "29", "Not Enough Inforamtion Given"]

B) When finding the running balance a return/payment is a(n) [ Select ] ["subtraction", "addition", "multiplication", "has no affect to the previous balance, we just use the amount given"] to the previous balance.

C) When finding the running balance a transaction that is not a return/payment is a(n) [ Select ] ["addition", "subtraction", "division", "has not affect to the previous balance, we just use the amount given"] to the previous balance.

D) In the process of finding the average daily balance, we add the balances together and divide by the number of them, for this problem we would [ Select ] ["multiply", "add", "subtract", "do nothing to"] the [ Select ] ["running balance of each transaction", "amount given for the transaction"] with [ Select ] ["the number of days that carry the balance", "nothing", "the beginning balance"] then [ Select ] ["add", "multiply", "subtract"] the results together and finally [ Select ] ["divide", "add", "subtract", "multiply"] this number [ Select ] ["by the number days in the cycle", "to the beginning balance", "by 4 since there are 4 transactions", "by 5 since there are 4 transactions and the beginning balance"] .