Anny had been cutting hair for years and decided she wanted to open up a salon of
Fantastic news! We've Found the answer you've been seeking!
Question:
Anny had been cutting hair for years and decided she wanted to open up a salon of her own. In order to do so, she knew she
would need 3 new chairs at $1575 each; 3 mirrors at $199 each; 3 tables at $425 each; and the list went on - hairdryers, sinks, a
cash register, etc. By the time she was finished, Anny's supplies totaled $7788.25, including sales tax. The supplier offered in-house
financing of 24 monthly payments at $332.44 per month, with a 10% down payment.
If Anny's account instead used the unpaid balance method, calculate the finance charge and the new balance for the month of
April.
Related Book For
Research methods for business students
ISBN: 978-0273716860
5th Edition
Authors: Mark Saunders, Philip Lewis, Adrian Thornhill
Posted Date: