ABC Company accepted a national credit card for a $9,000 purchase.The cost of the goods sold is $7,200.The credit card company charges a 3% fee.What is the impact of this transaction on net operating income?
A) Increase by $1,746.
B) Increase by $1,800.
C) Increase by $1,530.
D) Increase by $8,730.
Correct Answer:
Verified
Q109: If a company sells its accounts receivables
Q180: Barber Company lends Monroe Company $40,000 on
Q181: A company regularly sells its receivables to
Q182: The sale of receivables by a business
A)indicates
Q183: Selling accounts receivables to factors and allowing
Q184: Gipson Furniture factors $700,000 of receivables to
Q186: The accounts receivable turnover
A)is computed by dividing
Q188: A captive finance company refers to
A)a finance
Q189: Windsor Corporation sells its goods on terms
Q190: A company sells $800,000 of accounts receivable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents