Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Credit Statu Detail Balance Including 9.-Days Put D.. Sarcare Alternate Penalty Sched A B E H 1 Data Inputri Alternate Scheme Data Input: 2 Bare

image text in transcribed

Credit Statu Detail Balance Including 9.-Days Put D.. Sarcare Alternate Penalty Sched A B E H 1 Data Inputri Alternate Scheme Data Input: 2 Bare Penalty Fes $ 25 90-Day Part Due penalty $ 100 Minimum 90-Day 3 Balance for Surchargo $ 200 60-Day Part Due penalty 50 4 Minimum Surchargo 100 30-Day Part Due penalty $ 25 5 Surcharge Percentage 10% 6 7 vin decreerde Statu Current Total Purt Curter Balance 3.-Day 4.-Days 1.-Dar D. Correst 8 Cuteser Man. UT- D. Put D. Port De Portes Balance Credit State 9 Athletic Gear Corp. A 8,612 $ O $ 0 $ $ 0 TRUE 10 Baltimore O's B O 0 O O O TRUE 11 Bareball & More A 2,345 3,473 5,557 TRUE 12 Canadian Ski Club c O 345 0 150 495 TRUE 13 Everything Golf A 0 0 2,000 FALSE 14 Sport Stuff A O 14,000 383 0 14,383 FALSE 15 16 17 1 In column l. perform the tark of displaying 'credit approved" or "credit deniedbared on the value in column H. If column contain the value TRUE, then the textstring 'credit approved will be displayed; otherwise, the textstring 'credit denied will be dirplayed. 18 19 2 In column J: (i) For cutomers that have no total part due balance (column G), the total balance including the finance 20 charge will booqual to the curtomer's current balance (column C): (ii) For curtomers that have a total part duo balanco greater than 0 (column G), the total balance including the financo charge will be equal to the curtomer's current balance (column C), plus the curtomer's total part due balance (column G). 21 plur the $25 finance charge. 22 3 In columnk: () If the 90-dayr part due amount is greater than $200, then an additional surcharge will be impared of either $100 or 107 of the 90-dayr part duo balance, whichever is higher; (1) If the 90-dayr part due amount is not greater than $200, then no additional surcharge will be impared, and a value of $0 should be dirplayed 23 24 4 In column L. i) Curtomer that have balancer of 90-dayr part duo would be charged a $100 Flat foo; (ii) Curtomer that have no 90-days part due but have a 60-days part due balance would be charged a $50 flattoo (iii) Curtomer that have only 30-days part dus vould be charged a $25 flatfoo; (iv) Curtomer that have nopart dus vould not be charged. 25 77

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Planning And Control

Authors: Adolph Matz, Milton F. Usry

10th Edition

0538809256, 978-0538809252

More Books

Students also viewed these Accounting questions

Question

How would forecast errors affect the Linear Decision Rules?

Answered: 1 week ago