1z0-335 Exam Dumps | Identify two late charge interest calculation methods. (Choose two.)

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Question 48/80

Identify two late charge interest calculation methods. (Choose two.)

A. Overdue Transactions only

B. Average Daily Balance

C. Adjusted Balance

D. Previous Balance

Correct Answer: A,B

Explanation/Reference:
Explanation:
You select the calculation method in the Late Charge Calculation Method field in the Credit Limits and Late Charges tab of the Customer Profile Class pages, or on the applicable customer or customer site profile.
The interest calculation methods are:
Overdue Transactions Only: Calculate late charges for transactions based on the number of days a

payment is late when you submit the Create Late Charges program.
Average Daily Balance: Calculate late charges based on the average daily balance of overdue invoices.

This method is for balance forward bills only.
Late Payments Only: Calculate late charges based on the number of days between the payment due

date and the actual payment date. This method uses the paid amount as the overdue invoice amount when calculating the late charge.
Overdue Transactions and Late Payments: Calculate late charges on both overdue transactions and

late payments. This option levies the largest late charge amount on a customer.

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