Power Bill Management Flashcards

Questions and Answers

Checks are stale dated when ______

6 months from the date of the check

When comparing plans, what should you do?

Look at your previous bills and estimate how they would have been different using another plan

What was your total bill if you used the phone for 130 minutes from 6am-7pm and 400 minutes from 7pm-6am, with a 10% discount, a per minute charge of $0.10, and a sales tax of 6%?

$51.94

How much would you have paid in March using the 'limited plan' if you used 450 KWH from 7pm-9am and 465 KWH from 9am-7pm?

<p>$54.75</p> Signup and view all the answers

Study Notes

Stale Dated Checks

Checks are considered stale dated after a period of 6 months from the issuance date.

Comparing Plans

When evaluating different plans, review previous bills to estimate potential cost differences under alternative plans.

Discount Plan Calculation

Enrolled in a plan offering a 10% discount for calls made during the hours of 7pm-6am.
Per minute charge for calls is $0.10, with an added sales tax of 6%.
First month's usage included:
- 130 minutes between 6am-7pm (non-discounted time).
- 400 minutes between 7pm-6am (discounted time).
Total bill for the first month amounted to $51.94.

Limited Plan Overview

The "limited plan" provides a 15% discount on power use from 7pm-9am, applicable only if most usage occurs within this time frame.
If the majority of usage occurs outside these hours, the discount is forfeited, resulting in a 20% surcharge.
Cost for power usage is $0.05432 per kilowatt hour (KWH).
For March, if usage totaled 450 KWH during the discount hours and 465 KWH during non-discount hours, the total bill would be $54.75.

Description

Enhance your understanding of power bill terminology and management strategies with these flashcards. Learn key concepts like stale dated checks and how to compare energy plans effectively. Master the details of discounts and billing calculations to manage your expenses wisely.