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 $2,000 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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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the amount of the finance charge

Reference No:- TGS088755

Recent Questions Asked Accounting Basics

Q : Calculate the amount of the asset and liability

Q : Xelpharm, is a large manufacturer and distributor

Q : The environment and incorporate it into their chromosome

Q : Important element of marketing plan

Q : What is the amount of the finance charge

Q : Assume that qty and salesreps are both integers

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Q : A reaction go from reactants to products

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