Master Credit Card Company agrees to transfer cash to Seller Company immediately upon transmission of that company's credit card sales. Master Company charges 2% of card sales as its fee.
If Seller Company transmits $57,000 credit card sales, which of the following statements are true?
A) Master Company will pay Seller Company a $1,140 credit card fee.
B) Seller Company will receive cash $55,860 from Master Company.
C) Master Company will receive $57,000 cash from Seller Company.
D) Seller Company will receive $57,000 cash from Master Company.
Correct Answer:
Verified
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