Hansen Photography 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 the 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

Question

Hansen Photography 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 the 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

Quizplus · Accepted Answer

The Answer of Hansen Photography 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 the 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

Hansen Photography Has the Following Outstanding Account Receivables at the End