You are an account manager for Inland Jewelers, a regional company that makes custom class rings for
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Question:
You are an account manager for Inland Jewelers, a regional company that makes custom class rings for graduating seniors. Your supervisor requested a workbook to report on new accounts created on payment plans. The report should provide details on total costs to the student as well as payment information. Each ring financed has a base price that can fluctuate based on ring personalization.
Inland Jewelers | ||||||
Date | ||||||
Name | Ring Type | Cost | Personalized | Total | Years | Monthly Payment |
Dodson | Silver | Yes | 1 | |||
Jones | Gold | Yes | 1 | |||
Clarke | Titanium | No | 2 | |||
Ranger | Platinum | No | 3 | |||
McKinley | Platinum | Yes | 3 | |||
Broadnax | Gold | No | 2 | |||
Burch | Titanium | Yes | 3 | |||
Totals | ||||||
Ring Type | Cost | |||||
Silver | $ 400.00 | |||||
Gold | $ 550.00 | |||||
Titanium | $ 700.00 | |||||
Platinum | $ 750.00 | |||||
Personalizing Surcharge | 5% | |||||
Interest Rate | 3% |
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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