Wisconsin Company agrees to transfer cash to Dells Company immediately upon deposit of that company's credit card sales receipts. Wisconsin Company charges 2% of card sales as its fee.
If Dells Company deposits $342,000 credit card sales receipts, which of the following statements are true?
A) Wisconsin Company will pay Dells Company a $6,840 credit card fee.
B) Dells Company will receive $335,160 cash from Wisconsin Company.
C) Wisconsin Company will receive $342,000 cash from Dells Company.
D) Dells Company will receive $342,000 cash from Wisconsin Company.
Correct Answer:
Verified
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