Jasmine and Rosemary sell healthy spices to consumers at the county fair. Sally and Rosemary only accept credit card purchases and cash from consumers. On Saturday, they sold $350 in merchandise and all consumers used credit cards to purchase merchandise at the fair. The bank charges 1.75% on total credit charges each day to settle the credit charges on their business banking account. Compute the total charges the bank will charge Jasmine and Rosemary on their account. How much will the bank deposit into their account after all charges? How should Jasmine and Rosemary show the sale and fees in the sales budget, the operating expense budget, and the cash collections budget?

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The Answer of Jasmine and Rosemary sell healthy spices to consumers at the county fair. Sally and Rosemary only accept credit card purchases and cash from consumers. On Saturday, they sold $350 in merchandise and all consumers used credit cards to purchase merchandise at the fair. The bank charges 1.75% on total credit charges each day to settle the credit charges on their business banking account. Compute the total charges the bank will charge Jasmine and Rosemary on their account. How much will the bank deposit into their account after all charges? How should Jasmine and Rosemary show the sale and fees in the sales budget, the operating expense budget, and the cash collections budget?

Jasmine and Rosemary Sell Healthy Spices to Consumers at the County