YZ Company accepted a national credit card for a $7,500 purchase. The cost of the goods sold is $6,000. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?
A) Increase by $1,455.
B) Increase by $1,500.
C) Increase by $1,275.
D) Increase by $7,275.

Question

Quizplus · Accepted Answer

The net operating income increases by the sales revenue minus the cost of goods sold and the credit card fee: $7,500 - $6,000 - ($7,500 * 3%) = $1,275.

YZ Company Accepted a National Credit Card for a $7,500