Murphy's Repair has the following outstanding account receivables at the end of the month.The monthly late fee is 1.50% of the outstanding balance at the end of each billing month following the sale (February sales receive a late fee in April if not paid by March 31) .Determine the total late fees due for the following.
A) $19.85
B) $31.08
C) $48.17
D) $0.00
Correct Answer:
Verified
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