BUS 111 - Business Math Calculations - Spring 2021 - 1776 Homework: Chapter 5 Homework Score: 0 of 1 pt 3 of 24 (2 complete) v 5.1.5 Calculate the monthly service charge to a business that had an average balance of $1989 and wrote 40 checks. Average Balance <$500 Per Check Charge Maintenance Charge $12.00 $0.20 $500-S1999 $7.00 $0. 16 The monthly service charge is S

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BUS 111 - Business Math Calculations - Spring 2021 - 1776
Homework: Chapter 5 Homework
b and
ering
Score: 0 of 1 pt
3 of 24 (2 complete)
gnments
5.1.5
Calculate the monthly service charge to a business that had an average balance of $1989 and wrote 40 checks.
Average Balance
<$500
Per Check Charge
$0.20
Maintenance Charge
$12.00
$500-$1999
$7.00
$0.16
The monthly service charge is S
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Transcribed Image Text:Due Sunday by 11:59pm Points 24 Submitting an external tool Available after N cements es BUS 111 - Business Math Calculations - Spring 2021 - 1776 Homework: Chapter 5 Homework b and ering Score: 0 of 1 pt 3 of 24 (2 complete) gnments 5.1.5 Calculate the monthly service charge to a business that had an average balance of $1989 and wrote 40 checks. Average Balance <$500 Per Check Charge $0.20 Maintenance Charge $12.00 $500-$1999 $7.00 $0.16 The monthly service charge is S Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Type here to search hp f4 fs t7 f8 ho 10 144 #3 & 2. 3 4 6. L. 8. W E R T Y %24
Expert Solution
Step 1

Here maintenance cost will work as a fixed cost for respective balance slab

Balance = 1989

 

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