What is the amount of the finance charge, Accounting Basics

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What is the amount of the finance charge

A customer charges a treadmill at Mike's Sport Shop. The price is $1,000 and the financing charge is 9% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer's account.

What is the amount of the finance charge?

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Accounting Basics: What is the amount of the finance charge

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Accounting Basics: What is the amount of the finance charge

Reference No:- TGS070759

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Dimensions of management culture

Q : Recognized gain or loss on the exchange

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the amount of the finance charge

Reference No:- TGS070759

Recent Questions Asked Accounting Basics

Q : Dimensions of management culture

Q : Recognized gain or loss on the exchange

Q : Explain the current macroeconomic situation in the us

Q : Assets and current liabilities

Q : What is the amount of the finance charge

Q : Next logical step for china or india

Q : Compute connor realized and recognized gain or loss

Q : Different learning outcomes

Q : Determine the point advertising elasticity of demand

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