Question
Calculate the monthly service charge to a business that had an average balance of $1798 and wrote 55 checks. Average Balance Maintenance Charge Per Check
Calculate the monthly service charge to a business that had an average balance of $1798 and wrote 55 checks.
| Average Balance | Maintenance Charge | Per Check Charge |
|---|---|---|
| <$500 | $12.00 | $0.20 |
| $500-$1999 | $7.50 | $0.18 |
| $2000-$4999 | $5.00 | $0.10 |
| >$5000 | $0.00 | $0.00 |
The monthly service charge is $
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
978-1118856994
