The Guinea C. Company is preparing trend percentages for its service fee income. The 2016 trend % is calculated by dividing the 2015 service fees received by the 2016 service fees received.
A service fee is a financial addition made to a customer's bill or account in trend percentages exchange for a service rendered by a business. Such fees come in many varieties and vary by industry. Consumers typically pay bank fees, credit card fees, and service fees to other utility providers.
A service fee is a cost incurred to cover extra services obtained in addition to the main good or service acquired. Usually, the fee is added when the transaction is completed.
Restaurants, banking, travel, and tourism are just a few of the industries that charge service fees. When these fees are paid, they might pay for the services that were provided to the customer or they might pay for processing or trend percentages.
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