YZ Company accepted a national credit card for a $4,000 purchase. The cost of the goods sold is $2,400. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?

Question

Quizplus · Accepted Answer

The net operating income increases by the sales revenue minus the cost of goods sold and the credit card fee: $4,000 - $2,400 - ($4,000 * 0.03) = $1,480.

YZ Company Accepted a National Credit Card for a $4,000