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Eddi Din [679]
3 years ago
9

You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40

late fee. What is the late fee as a percentage of your balance?
a) 20%
b) 25%
c) 40%
d) 50%
Business
2 answers:
Nat2105 [25]3 years ago
6 0
The answer is..............A-20%
anzhelika [568]3 years ago
5 0
The answer is A.
10% of 100 = $10
20% of 100 = $20

So:
10% of 200 = $20
20% of 200 = $40
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b.

Amortization of intangible assets  : Added

Decrease in accounts payable  : Decrease

Decrease in accounts receivable  : Added

Decrease in accrued and other current liabilities    : Decrease

Decrease in inventory  : Added

Decrease in prepaid expenses  : Added

Depreciation  : Added

Gain on disposal of property    : Decrease

Increase in accounts payable  : Added

Increase in accrued and other current liabilities  : Added

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Increase in prepaid expenses    : Decrease

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Answer:

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