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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Ask an Expert for Answer!!

Accounting Basics: What is the amount of the finance charge

Reference No:- TGS088755

Recent Questions Asked Accounting Basics

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