13) A customer with unpaid balance for merchandise of $210.00 from the previous month has been paying $75.00 a month. Bank credit terms are 1% interest per month on all unpaid balances and a minium interest charge of 50 cents. If the customer makes no new purchases and maintains the montly payment of $75 a month, calculate the total amount of finance charge that he will pay.  Finance charge: ?

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A:

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Q: A store will give you a 4.00% discount on the cost of your purchase if you pay cash today.…

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Q: The Beta Company made a sale for $340,000 on credit. It accepted a note receivable from the…

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Q: Yesterday, Smiley Company sold $22,500 of merchandise on credit. The invoice was sent today with the…

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A: Calculations are as follows.

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A: Monthly rate is calculated below:

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Q: On June 04, FDN Company sold merchandise to ABC Company and accepted a 90-day, 12% P90,000 note.…

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