YZ Company accepted a national credit card for a $10,000 purchase.The cost of the goods sold is $8,000.The credit card company charges a 3% fee.What is the impact of this transaction on net operating income?
A)Increase by $1,940.
B)Increase by $2,000.
C)Increase by $1,700.
D)Increase by $9,700.

Question

Quizplus · Accepted Answer

The net operating income increases by the sales revenue minus the cost of goods sold and the credit card fee: $10,000 - $8,000 - ($10,000 * 3%) = $1,700.

YZ Company Accepted a National Credit Card for a $10,000